To bridge the wait time until tomorrow we encourage you to read the delegate applications and decide whether you want to delegate to one of them or yourself.
The sleuths among you will already have noticed the presence of a ⅗ multi-sig controlling 2% of the $HOP supply.
It exists in case the community wants to quickly pass first proposals following the $HOP launch without having to go through full on-chain governance (only snapshot)
Now that claiming is live, we wanted to highlight some of the Hop delegate applicants and highlight the individual contributions of some delegates you may not have considered.
First, we’re incredibly impressed with quality of applicants.
• 3.35% to users of the Hop bridge (min. 2 bridge txs and $1,000 of volume)
• 2% to LP's
• 2% to Bonders (1 year lockup)
• 0.1% to active community members (Discord & Twitter)
• 0.05% to external Hop contributors
• 0.5% to @authereum users
& more
Knowing how important a healthy token distribution is for a DAO we worked hard to remove sybil attackers from the distribution.
Sybil attackers stand directly at odds with a healthy distribution and attempt to take tokens that should be in the hands of positive-sum users.
After 2 months of heavy data crunching we were able to identify 10k Sybil attackers (beyond doubt)out of 45k eligible addresses
But we’re not stopping here. We invite the whole Web3 community in helping us find Sybil attackers and increase the $HOP allocation of legitimate users
Today, Hop begins its journey to become core Ethereum infrastructure, operated and controlled by our community.
Over the last year we launched and battle tested the protocol.
We needed a certain degree of control to iterate quickly.
Now it is time to take things to the next level and turn Hop into the public good it was always intended and deserves to be.
The Hop DAO will govern all relevant parameters of the protocol including:
• The networks and tokens that Hop supports
• The Bonder whitelist
• The distribution of $HOP incentives
• Management of the treasury funds
• And more ✨ hop.mirror.xyz/AI5fOUR0X_l0mk…
Our twitter has been quiet the past two weeks so it’s time for an update.
First off, the growth of the Layer-2 ecosystem is astonishing.
As an Ethereum bridge Hop thrives and dies with the success of L2’s.
From fiat on-ramps to @arbitrum coming from major centralised exchanges to EVM equivalence for @Optimism and removal of the whitelist: all the pieces are falling into place and we’re starting to see a cambrian explosion of innovation.