March/April/May 2023 HIP 4 Delegate Compensation Reporting

Taking into account the HIP 4 Original Proposal and the subsequent amendment and the recent renewal of the Delegate Program, delegates are required to self-report their lowest level of HOP delegation for the required time period to determine incentives to be paid to that particular delegate.

The new formula is as follows:
I = ((log(h) - 4.55) * 3500) * M

Where:
I = Incentives to be received
h = lowest level of HOP delegated that month
M = Multiplier based on consecutive participation periods

To calculate the multiplier (M), we can use the following formula:

M = 1 + (0.1 * P)

Where:
P = Number of consecutive completed 6-month participation periods (capped at a certain value, e.g., 5)

This multiplier starts at 0 for all delegates and increases by 0.1 for each consecutive completed 6-month participation period, capped at a certain value (e.g., 1.5 after five periods). In this case I think “completed” can be defined as any amount of participation above 0%.

Delegates can utilize this Dune Querry to find the lowest level of Hop within the time period.

Due to the changes made to the formula used to calculate delegate incentives, delegates would use this graph to determine their compensation using their lowest Hop for the specified period.
Each delegate would have to find out their minimum amount during the participation period via the Dune query. Then the delegate would go to the graph and replace x with the number they found from Dune, slide P to the number of consecutive periods they have participated as a delegate and get the final amount (circled).

Graph

Within this new system, a delegate participation period is = six months; therefore, for every six-month period that a delegate participates actively in Hop Governance by voting, and communicating the rationale, the delegate will get increased rewards.

Delegates can go ahead and report below in this thread.

The periods for consideration in this reporting cycle are March 10th - April 10th and April 11th - May 10th

1 Like

dybsy
mar 11 - apr 10

snapshot proposals ending within the period:

  • HIP 23
  • HIP 24

tally votes within the period:

  • none

period participation 2/2:

period communication 2/2:

newPeriod Count = 1
newPeriod Participation = 2/2 = 100%
cumulative Communication = 2/2 = 100%

lowest for the period: 116602.60579282015 https://imgur.com/a/4woveZ8

formula incentives: 1808.47889596 https://imgur.com/a/mcBbFwL

apr 11 - may 10

proposals ending within the period:

  • HIP 25 Lito Departure
  • Temp Check Hop Liquidity
  • HIP 27 Polygon zkEVM
  • HIP 26 rETH Fast Bridging
  • Optimism Ambassador
  • Arbitrum Ambassador
  • Rocket Pool Ambassador

period participation 7/7:

period communication 2/2:

newPeriod Count = 2
newPeriod Participation = 9/9 = 100%
cumulative Communication = 9/9 = 100%

lowest for the period: 116914.53448187321 https://imgur.com/a/JYGrruN

formula incentives: 1812.5397667 https://imgur.com/a/MoRtPNy

TOTAL COMP for newPeriods 1 and 2: 3621.01866266

dybsy.eth - 0x9A048A7BF38306c055C05606A6010C78CFc7C1E8

theGreg

Tried tabulating the formatting below. Hope it improves readability.

Mar 11 - Apr 10

period participation: 2/2
period communication: 2/2
newPeriod Count = 1
newPeriod Participation = 2/2 = 100%
cumulative Communication = 2/2 = 100%
lowest for the period: 63640 (does not meet minimum)


formula incentives: 0

Apr 11 - May 10

Proposals ending within the period Onchain (Tally) / Offchain (Snapshot) Participation Communication
HIP 25 Lito Departure Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreigqixn5ltvnhgv5aq6gm6z7cgkjxdt5tcxjk4env6anqb4ne4oh2q [RFC] Lito Departure - #4 by thegreg.eth
Temperature Check - How To Increase Liquidity for the HOP Token? Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreibtduswjml2kdyr5iveirefuuh3xwx6gwipmttikb56mmpqwbxuby Temperature Check - How to Increase Liquidity for the HOP Token? - #12 by thegreg.eth
[HIP-27] Launch Hop on Polygon zkEVM Mainnet Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreihnat7e7qhzp2usbtudhxcgvv5naazpms3oieyos3ir6oif6zghhm [Request for Comment] Launch Hop on Polygon zkEVM Mainnet - #6 by thegreg.eth
HOP-Rocket Pool Ambassador Vote Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreieqv2mslviwr2fpdduisvtcfioxqewpjgmo4bgtpmy7jemunruk44 Hop DAO Ambassador Program Nominations - #15 by thegreg.eth
[HIP-26] Fast Bridging Support for rETH Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreig5vicd5nvjrdfmvnmfdtqigfs67xzbbjwl5gwxzd25kdlt3x6mwm [RFC] Fast Bridging Support for rETH - #15 by thegreg.eth
HOP-Optimism Ambassador Vote Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreifkmqj46hbzaewpocziews2y2uuet5gbmmi6tuxr3ezc3g62ruc3y Hop DAO Ambassador Program Nominations - #15 by thegreg.eth
HOP-Arbitrum Ambassador Nominees Snapshot https://snapshot.mypinata.cloud/ipfs/bafkreifh2eobskiep6sfry3ug3wnyo3p3gnmxgq42qqh4u4wup33hl5vo4 Hop DAO Ambassador Program Nominations - #15 by thegreg.eth

period participation 7/7:
period communication 7/7:
newPeriod Count = 2
newPeriod Participation = 9/9 = 100%
cumulative Communication = 9/9 = 100%
lowest for the period: 90812.06175390587


formula incentives: 1428.50237531

TOTAL COMP for newPeriods 1 and 2: 1428.50237531
thegreg.eth - 0xbe5c59873f34580c0a28dabd8396482d72f5f330

stablelab.eth

March 11 - April 10

Snapshot proposals ending within the period:

  • HIP 23
  • HIP 24

Tally votes within the period: None

Period participation 2/2: Snapshot

Period communication 2/2: StableLab Delegate Communication Thread

newPeriod Count = 1

Lowest Hop for the period = 89,743

Formula incentives = Due to the fact that our lowest amount of Hop fell below 90,000, we are not eligible for compensation within this period.

April 11 - May 10

Proposals ending within the period:

  • HIP 25 Lito Departure
  • Temp Check Hop Liquidity
  • HIP 27 Polygon zkEVM
  • HIP 26 rETH Fast Bridging
  • Optimism Ambassador
  • Arbitrum Ambassador
  • Rocket Pool Ambassador

Period participation 7/7: Snapshot

Period communication 7/7: StableLab Delegate Communication Thread

Lowest for the period: 87,834

Formula incentives = Due to the fact that our lowest amount of Hop fell below 90,000, we are not eligible for compensation within this period.

hey guys I don’t understand what you expect me to do here. I read the OP post but I don’t get what exactly I need to do.

I voted for all votes since the start of governance except for Snapshot which was due to travelling and not having access to the key.

My addresss is 0x2b888954421b424c5d3d9ce9bb67c9bd47537d12 and I always expain the vote in the corresponding topic post (even the one I missed and why) and also in a tweet.

Name: :poop::poop::poop::poop:
Address: :poop::poop::poop::poop:.eth (or fourpoops.eth) - 0xDE3ba1B41e6c612a3Ca3213B84bdaf598dfFdb9b
Total comp (both periods): 6529.84650745

2023-03-11 - 2023-04-10

Period participation (Snapshot): 2/2 - (HIP-23, HIP-24) - 100%
Period communication: 2/2 - (HIP-23 , HIP-24) - 100%

Cumulative participation: 2/2 (100%)
Cumulative communication: 2/2 (100%)

Lowest for the period: 302331.57555577817
Formula incentives: 3256.69227565

2023-04-11 - 2023-05-10

Period participation (Snapshot): 7/7 - (HIP-25, HIP-26, HIP-27, Ambassador Votes[3], Hop Liquidity Temp Check) - 100%
Period communication: 7/7 - (HIP-25, HIP-26, HIP-27, Ambassador Votes[3], Hop Liquidity Temp Check) - 100%

Cumulative participation: 9/9 (100%)
Cumulative communication: 9/9 (100%)

Lowest for the period: 305623.62555577816
Formula incentives: 3273.1542318

Bob-Rossi

Mar 11 - Apr 10

Proposals ending within the period Onchain (Tally) / Offchain (Snapshot) Participation Communication
[HIP-23] - Proposal to deploy HOP on Scroll zkEVM Snapshot Voted “For” [Request for Comment] - Proposal to deploy HOP on Scroll zkEVM
[HIP-24] Voting System Choice for Hop DAO Elections Snapshot Voted “Weighted” RFC: Voting System Choice for Hop DAO Elections - #25

period Participation: 2/2
period Communication: 2/2
newPeriod Count = 1
newPeriod Participation = 2/2 = 100%
cumulative Communication = 2/2 = 100%
lowest for the period: 79,581

formula incentives: 0

Apr 11 - May 10

Proposals ending within the period Onchain (Tally) / Offchain (Snapshot) Participation Communication
HIP 25 Lito Departure Snapshot Voted “For” [RFC] Lito Departure - #4
Temperature Check - How To Increase Liquidity for the HOP Token? Snapshot Voted “No Change” Temperature Check - How to Increase Liquidity for the HOP Token? - #12
[HIP-27] Launch Hop on Polygon zkEVM Mainnet Snapshot Voted “For” [Request for Comment] Launch Hop on Polygon zkEVM Mainnet - #6
HOP-Rocket Pool Ambassador Vote Snapshot Voted “Dybsy” I did not comment as I assumed it was unnecessary for a simple election choice, if I need to in the future please let me know
[HIP-26] Fast Bridging Support for rETH Snapshot Voted “For” [RFC] Fast Bridging Support for rETH - #15
HOP-Optimism Ambassador Vote Snapshot Voted 50/50 Between Max-Andrew & Francom I did not comment per above
HOP-Arbitrum Ambassador Nominees Snapshot Voted 33/33/33 Between Max-Andrew & Francom & Frisson I did not comment per above

period participation 7/7:
period communication 7/7:
newPeriod Count = 2
newPeriod Participation = 9/9 = 100%
cumulative Communication = 9/9 = 100%
lowest for the period: I could not get Dune Query to run… I will update after I figured out why

formula incentives: 0

TOTAL COMP for newPeriods 1 and 2: 0
bobrossi.eth - 0xb29A655f3D67B2B6724Fb22B2C2303cB660c946B

olimpio.eth

11 March 2023 to 10 April 2023 (Cycle 2, Period 1/6)

100% period participation: 2/2 - (HIP-23, HIP-24)
100% period communication: 2/2 - (HIP-23, HIP-24)

Cumulative participation: 2/2
Cumulative communication: 2/2

Lowest for the period: 652668.9270090404
Formula incentives period 1: 4426.42527884

11 April 2023 to 10 May 2023 (Cycle 2, Period 2/6)

100% Period participation: 7/7 - (HIP-25, Temp Check Liquidity, HIP-27, HIP-26, ARB ambassador, OP ambassador, rETH ambassador)
100% Period communication: 7/7 - (HIP-25, Temp Check Liquidity, HIP-27, HIP-26, ARB ambassador, OP ambassador, rETH ambassador)
Cumulative participation: 9/9
Cumulative communication: 9/9

Lowest for the period: 644901.4319771744
Formula incentives period 2: 4408.22669445

Total period 1 + total period 2 = 4426.42527884 + 4408.22669445 = 8834.65197329

0xF4B0556B9B6F53E00A1FDD2b0478Ce841991D8fA - olimpio.eth

Edit: using P=0 out of caution, will update if necessary

Hi mate, you need to draft a brief report like the ones other delegates have posted. The report muse include your participation rate (votes) and your communication rates (explanations of the votes) with individual links to the votes and to the posts communicating.

After that, use the new formula in the first post

I = ((log(h) - 4.55) * 3500) * M
M = 1 + (0.1 * P)

=>

I = ((log(h) - 4.55) * 3500) * 1 + (0.1 * P)

To calculate your HOP “formula incentives”, and include that number in your report.

“h” for your specific wallet address can be found here, change the dates to reflect the periods.

Name: Lefteris Karapetsas
Address: 0x2B888954421b424C5D3D9Ce9bB67c9bD47537d12
Compensation payout address: 0x9531C059098e3d194fF87FebB587aB07B30B1306
Total comp (both periods): 14016.2065373

The compensation payout address, like in the last period belongs to rotki as I would like all compensation go directly there.

2023-03-11 - 2023-04-10

Period participation (Snapshot): 2/2 - (HIP-23, HIP-24) - 100%
Period communication: 2/2 - (HIP-23 , HIP-24) - 100%

Cumulative participation: 2/2 (100%)
Cumulative communication: 2/2 (100%)

Lowest for the period: 3519310.404120717
Formula incentives: 6987.60150695

2023-04-11 - 2023-05-10

Here I missed to vote on HIP-27 but wrote in discord that I could not make it due to travelling and having no access to my voting key as the voting period is only 5 days and I landed back hours after vote closed.

Period participation (Snapshot): 6/7 - (HIP-25, HIP-26, Ambassador Votes[3], Hop Liquidity Temp Check) - 85.71%
Period communication: 7/7 - (HIP-25, HIP-26, HIP-27, Ambassador Votes[3], Hop Liquidity Temp Check - 100%

Cumulative participation: 8/9 (88.88%)
Cumulative communication: 9/9 (100%)

Lowest for the period: 3615537.462238708
Formula incentives: 7028.60503036

Hey thanks a lot. I did that according to your suggestions. But oh boy that’s quite manual for something that can be checked easily by following the forum and/or snapshot. Plus without having this automated we run the risk of someone cheating.

Someone from hop should run these numbers, double check everything and then tell each delegate what their payout is according to the rules. Otherwise we can end up with someone cheating, or even making a mistake without their knowledge.

And since the process is so manual and error-prone, and takes time out of each delegate’s day if someone from Hop does end up running the numbers we should not be doing that ourselves manually.

I agree, generally, that this information shouldn’t be manually and individually collated, because there’s so much information to parse and it’s too to game. I know Shane goes through these threads each period to confirm various parameters but don’t know how far that goes. Ultimately, automation of such a process should be the goal—I just don’t know what that looks like.

Some thoughts on automation:

I believe things could be automated, but not on its current form. For a bot to check communication automatically (minimum delegated amount and participation are easier) then it would probably be better that delegates estandarize communications in some way.

Right now some people post to Twitter, others comment in the specific forum post, and others have a dedicated forum thread with comments on their decisions. Some of those comments are standalone (for example one comment per HIP) and some others bundle communications from multiple HIPs in the same comment.

For a bot to consider all of this and not fail there would probably be some kind of technical development need, or a single place where delegates post their feedback that something automated can easily tap into (Google sheets?)

BTW, I also think it would be a great idea to automate or even partially automate some of this process. Participation and minimum HOP delegated per user should not be that difficult.

1 Like

Does it make sense to add our comments to the vote itself. See example from zenodotus.eth with [Temperature Check] HOP Airdrop Sybil Hunter Distribution

It would make it simpler to then scrape from a single source:
https://snapshot.mypinata.cloud/ipfs/bafkreihqztff3n5jjfeh45yicy5frmqgnxwqntsep7oys4vyj7e3d7cuhy

Our intentions are then more easily viewable and readily available to other voters at vote time. Could possibly automate cross posting to the forum too. Though that might be a bit more tricky.

1 Like

Name: Max Andrew
Address: 0x31e69c05EE240A30CC2A007FEa3d0835f0a14096
Total comp (both periods): 3090.61530558

2023-03-11 - 2023-04-10

Period participation (Snapshot): 2/2 - (HIP-23, HIP-24) - 100%
Period communication: 2/2 - (HIP-23 , HIP-24) - 100%

Cumulative participation: 2/2 (100%)
Cumulative communication: 2/2 (100%)

Lowest for the period: 98065.55086088562
Formula incentives: 1545.30765279

2023-04-11 - 2023-05-10

Period participation (Snapshot): 7/7 - (HIP-25, HIP-26, HIP-27, Ambassador Votes[3], Hop Liquidity Temp Check) - 100%
Period communication: 7/7 - HIP-25, HIP-26, HIP-27, Ambassador Votes, Hop Liquidity Temp Check - 100%

Cumulative participation: 9/9 (100%)
Cumulative communication: 9/9 (100%)

Lowest for the period: 98065.55086088562
Formula incentives: 1545.30765279

Address: francom.eth - 0xA2b15ce187165bC1723Df411d9887d738FabE5f7
Total comp (both periods): 4,183.3729

2023-03-11 - 2023-04-10

Period participation (Snapshot): 2/2 - (HIP-23, HIP-24) - 100%
Period communication: 2/2 - francom march/april thread - 100%

Cumulative participation: 2/2 (100%)
Cumulative communication: 2/2 (100%)

Lowest for the period: 138354.86768237292
Formula incentives: 2068.48055172

2023-04-11 - 2023-05-10

Period participation (Snapshot): 7/7 - (HIP-25, HIP-26, HIP-27, Ambassador Votes[3], Hop Liquidity Temp Check) - 100%
Period communication: 7/7 - francom april/may thread - 100%

Cumulative participation: 9/9 (100%)
Cumulative communication: 9/9 (100%)

Lowest for the period: 142644.48372670714
Formula incentives: 2114.89243528

The Dune query has been updated to Dune’s new v2 SQL engine (thanks for calling that out @francom).

The posts in this thread will be verified on Monday June 19 at 12:00:00 UTC so that they can be included in the next HOP incentive distribution. Complete your reporting on this thread by that time.

With regards to verification, in its current form it is quite trivial, assuming everyone provides all required information. I would be happy to discuss automating it the process in an open way, but wanted to add context by calling out that verification generally takes <30 minutes thanks to the detailed posts.

Hey @thegreg.eth I don’t see any communication (tweet, forum post, etc.) as a rationale for your votes. Do you have a link to that communication?

Hey @shanefontaine the table in my post above has a communication column which is somewhat cropped in the standard browser. Did you see those? Some of the rationales admittedly were fairly brief.

I would vote to remove the communication part. It’s making things really hard. For example look at the latest snapshot: Snapshot

It does not even have an accompanying forum post. Where should we post? And why even? To just say, I voted for since this is just rubber stamping?

Let’s not create mindless beauraucracy and work for all delegates and the team.

So I am using this post to say I voted for that snapshot as per HIP-18 :smiling_face_with_tear:

1 Like