[Temperature Check] HIP 2: Explore Private Sale Legal Options

[cwhinfrey]

@lefterisjp

Can you link where is that interest expressed?

Primarily this thread and was touched on in a couple other places.

An effort to bootstrap bridge liquidity

The depth of liquidity in the AMM and bonders stake determines the amount of volume the hop bridge captures among its competitors. The more volume it captures the higher the APY LPs + bonders. Thereby this relationship compounds. More liquidity → more volume → more apy → more liquidity → more volume → more apy … Deep liquidity kicks off this causal chain and at some point it sustains itself to a monopolistic position that offers the highest organic APY among all bridges. It is therefore economi…

@lefterisjp

Just to be clear this proposal is just so that the foundation explores how to do a private sale of HOP? Not a vote to do the sale or not. Correct?

Yes, exactly. As PaperImperium said here, it may have been a bit formal for this to go through a proposal since there’s no budget or binding consequences. Pre-authorizing the foundation to do certain things could help speed things up in the future.