October 2023 - March 2024 HIP 4 Delegate Compensation Reporting

Hey Hop DAO,

Since [HIP-46] Renewal of Hop Delegate Incentivization Trial (Third Cycle) passed, it’s time to create a new Delegate Compensation Reporting Thread for this period (October 11, 2023 – March 27, 2024). The last delegate compensation reporting period ended October 10, 2023, therefore anything from then up until March 27,2024 falls within this reporting period.

To make matters easier for delegates who are eligible for incentives, the Head of DAO Operations will verify the voting and communication requirements for each delegate but each delegate is expected to share in this thread their voting and communication ratio, their lowest HOP delegated during the period, and finally their incentive rewards amount for the period based on the calculation. Please use the calculation from the recent snapshot vote to renew the delegate incentivization program. Please share your communication publicly in each proposal’s governance forum thread or create your own voting and communication thread for the Head of DAO Operations to verify. Please include your Ethereum address as well.

Delegates can utilize this Dune Querry 12 5 to find the lowest level of Hop within the time period.

Delegates can also use this graph 9 5 to determine their compensation by using their lowest Hop for the specified period.

Delegates can go ahead and report below in this thread.

Below are the snapshot votes and Tally votes since the last reporting period.

Snapshot Votes Since Last Delegate Reporting Thread

  • [Temperature Check] Treasury Diversification & Protocol Owned Liquidity (multichain HOP/ETH LPs)
  • [HIP-41] Incentivize Hop AMMs on Supported and Upcoming Chains
  • Hop Community Moderator Compensation
  • [HIP-43] Proposal to create Head of DAO Operations
  • [HIP-44] Treasury Diversification for Ongoing DAO Expenses
  • [HIP-45] Head of DAO Operations Election
  • [HIP-46] Renewal of Hop Delegate Incentivization Trial (Third Cycle)

Tally Votes Since Last Delegate Reporting Thread (August, September, October)

  • [HIP-39] Community Multisig Refill (4) on Feb 5th, 2024 was defeated
  • [HIP-40] Treasury Diversification & Protocol Owned Liquidity on Feb 5th 2024 passed
  • [HIP-39] Community Multisig Refill (5) on Feb 15th, 2024 passed
  • [HIP-44] Treasury Diversification for Ongoing DAO Expenses on Mar 4th 2024 passed

For example;
francom.eth
Voting: 11/11
Communication: 9/9 (HIP 40 & HIP 44 had to be voted on in snapshot and tally but you only have to communicate rationale once for each of these proposals).

lowest Hop during period: x
incentive rewards during this period: x

Are we supposed to take the lowest of the full 6 month period now, or on a monthly basis? Only asking because in the past we did it in monthly calculations and I went from 100,078 to 164,078 on Nov 17th… It would make a big difference for me and I’d imagine others.

bobrossi.eth (0xb29A655f3D67B2B6724Fb22B2C2303cB660c946B)

Voting: 11/11
Communication: 8/9
Lowest Hop during period: 100,078


Incentive Reward: 28,371

Gas Rebate:
HIP-39 Multisig Refill 4: Ethereum Transaction Hash (Txhash) Details | Etherscan — $5.86
HIP-40 Treasury Diversification and Protocol Owned Liquidity: Ethereum Transaction Hash (Txhash) Details | Etherscan — $6.11
HIP-30 Multisig Refill 5: Ethereum Transaction Hash (Txhash) Details | Etherscan — $10.14
HIP-44 Treasury Diversification for Ongoing DAO Expenses: Ethereum Transaction Hash (Txhash) Details | Etherscan — $17.59

Total Gas Rebate: $39.70 (I’m not sure what HOP rate your using, so left as $USD)

1 Like

In previous cycles of delegate incentives the calculation was for the full period on a single instance to simplify the process with delegate reporting.

Are those USD gas values from the time of of the transaction or now?

I’ve put together a script that can extract and decode the on-chain Tally transactions, though I haven’t solved for determining the ETH value in some other historical denomination.

Example output:

txId: 0xf25a461243ad8fcca645cad9af3f104dbc81ea500afe873380010b445cb71102
gas: 0.001858735277423414 ETH
date: 2024-02-10 15:59:35 -0800 PST
ProposalId: 58755660485926286000919392683741755457975975545732074086390752903100177701755
reason: I’m voting for this experimental POL. I believe this will be a net positive for HOP through:
- diversifying the treasure
- benefiting from fees
- increasing liquidity for a more stable price discovery
supported: 1 

I just took the transaction fee on Etherscan in $ but am open to however this wants to be reported. Clicking again, I see where the amount changed from when I posted initially so I have to assume it’s taking todays price… I thought maybe that was the price at time of transaction but looks like I was mistaken.