Nov/Dec 2022 HIP 4 Delegate Compensation Reporting

2 months ago, HIP 4: Hop Delegate Incentivization Trial passed an on-chain vote directing the community multisig to distribute delegate compensation.

As per HIP 4, delegates are directed to self-report their lowest level of HOP delegation for the previous month to determine incentives to be paid to that delegate. Users with a Dune account can log in and alter the dates on this query to find their lowest level of HOP for a period.

Delegates must also maintain 90% vote participation and communication. As a reminder, this is measured by cumulative participation over six months, going back no earlier than approval of HIP 4. At the moment, that would include 2 months of governance.

The formula for delegate incentives can be found within HIP 4, but here is a helpful graph for those who wish to quickly arrive at the correct number .

Attn: @dybsy @cwhinfrey @mentor et al who are relevant

(GFX Labs will report below in the thread; others may feel free to copy the format if they choose.)

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dybsy
Nov/Dec 2022

Period Participation: 3/3 (HIP10, HIP11, HIP12)

Period Communication: 3/3 (HIP10, HIP11, HIP12)

Cumulative Participation = 5/6 = 83.33%
Cumulative Communication = 6/6 = 100%

lowest for the period: 199023.82539008834
formula incentives: 2621.16774309

dybsy.eth - 0x9A048A7BF38306c055C05606A6010C78CFc7C1E8

1 Like

GFX Labs
Oct 10 - Dec 10 2022

Participation: 5/6 = 83.33%
Communication 5/6 = 83.33%

The missed vote was, ironically, put up to Snapshot by GFX Labs, and was HIP 10.

Lowest HOP level for this period: 1.79 million
Incentive based on formula: 6738.0877 (NB: GFX Labs did not meet the 90% threshold for compensation this month)

GFX Labs address: 0xa6e8772af29b29B9202a073f8E36f447689BEef6 (also tagged on Etherscan)

1 Like

:poop: :poop: :poop: :poop:
Nov/Dec 2022

Period Participation: 3/3 (HIP10, HIP11, HIP12)
Period Communication: 3/3 (HIP10, HIP11, HIP12)

Cumulative Participation: 6/6 = 100%
Cumulative Communication: 6/6 = 100%

lowest for the period: 191,416.94162663716
formula incentives: 2,561.93130546

:poop: :poop: :poop: :poop:.eth (or fourpoops.eth) - 0xDE3ba1B41e6c612a3Ca3213B84bdaf598dfFdb9b

1 Like

Nov/Dec 2022

Period Participation: 3/3 (HIP10, HIP11, HIP12) - 100%
Period Communication: 3/3 (HIP10, HIP11, HIP12) - 100%

Cumulative Participation = 4/6 = 66.67%
Cumulative Communication = 4/6 = 66.67%
(For visibility, missed HIP8 snapshot vote, and HIP10 on-chain vote).

Lowest for the period: 160,144.18
Formula incentives: 2290,78

0x8C5f9c67028fAaE0Db258D44507BdfBD7A9de223 - mrsisyphos.eth

1 Like

Flipside Crypto
November & December 2022

Period Participation: 3/3 (HIP10, HIP11, HIP12)
Period Communication: 3/3 (HIP10, HIP11, HIP12)

Cumulative Participation: 6/6 = 100%
Cumulative Communication: 6/6 = 100%

Lowest for Perod: 136,936.29
Incentives: 2052.81

0x62a43123FE71f9764f26554b3F5017627996816a - flipsidecrypto.eth

1 Like

Francom.eth

November & December 2022

Period Participation: 3/3 (Snapshot, Snapshot, Snapshot)

Period Communication: 3/3 (Francom Delegate Communication Thread)

Cumulative Participation: 6/6 = 100%

Cumulative Communication: 6/6 = 100%

Lowest for Period: 111,000 HOP

Incentives: 1,733.6304

Francom.eth

0xA2b15ce187165bC1723Df411d9887d738FabE5f7

1 Like

StableNode
November 10 - December 10 2022

Period Participation: 3/3 (HIP10, HIP11, HIP12) - 100%
Period Communication: 3/3 (HIP10, HIP11, HIP12) - 100%

Cumulative Participation = 6/6 = 100%
Cumulative Participation = 6/6 = 100%

Lowest for the period: 70,287 HOP (Our lowest HOP for the period failed to meet the 90,000 HOP threshold; therefore, we are ineligible for compensation this month)

Incentives: 1,037 HOP

StableNode Address: 0x9c489E4efba90A67299C1097a8628e233C33BB7B

1 Like

Synthetix Ambassadors
Nov/December 2022

Participation: 3/3 = 100%
Communication 3/3 = 100%

Cumulative Participation = 6/6 = 100%
Cumulative Communication = 6/6 = 100%

Lowest HOP level for this period: 388759.9430891842 HOP
Incentive based on formula: 3,666.93 HOP

Synthetix Ambassadors address: eth:0x46abFE1C972fCa43766d6aD70E1c1Df72F4Bb4d1 (Our Council Multi-Sig wallet address) ENS: SNXambassadors.eth

CC: @Millie

2 Likes

olimpio.eth

November & December 2022

Period participation: 3/3 - (HIP10, HIP11, HIP12) - 100%
Period communication: 3/3 - (HIP10, HIP11, HIP12) - 100%

Cumulative participation: 5/6 (83%) / I missed HIP-8

Lowest for the period: 3,170,000
Formula incentives: 6828.71

0xF4B0556B9B6F53E00A1FDD2b0478Ce841991D8fA - olimpio.eth

1 Like

Thank you all for the reports and for being explicit with regards to your cumulative participation. The final distributions are noted and verified here.

Since the amendment post passed Snapshot on Jan 9th, 2023, I believe it makes sense to include it in next month’s calculations (ending on Jan 10th, 2023). Most of you who reported under the current threshold will begin to be compensated starting next month.

The distribution timing is at the discretion of the community multisig, however, it is likely that it will be performed as a batch with the HIP-7 and HIP-11 distributions next week, on Jan 18th, 2023.

:+1: :+1: :+1: :+1: :+1: Keep up the good work.

The distribution has been executed here.

Next month’s distribution will take into account the amendment.

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