Hop proposals, votes, and analytics

Hop

Multichain bridge for Layer 2 networks

Network

Ethereum

Voting

on-chain

off-chain

Proposals

Voters

23,006

Unique Voters

1,953

About Proposals Analytics

Description

Unverified information. Please do your own research.

Hop is a scalable rollup-to-rollup token bridge that facilitates fast token transfers between Layer 2 networks and sidechains, eliminating the need to wait for network challenge periods. It uses market makers, known as Bonders, who front liquidity on the destination chain in exchange for a fee. This process enables efficient and timely token transfers across networks.

The Hop Protocol is governed by Hop DAO, which manages all aspects of the protocol, including supported networks, tokens, the Bonder whitelist, and the distribution of incentives. The DAO also oversees treasury management and the broader growth of the Hop ecosystem, ensuring the protocol remains decentralized and community-driven.

To participate in Hop governance, HOP token holders must first delegate their voting power, either to themselves or an existing delegate. This delegation requires an on-chain transaction with associated gas fees. Once delegated, holders can vote on governance proposals, influencing the protocol's future direction.

item label

dao full name

short description of the dao

Network

100,000

Voting

100,000

Proposals

1,000,000

Voters

1,000,000

Unique Voters

1,000,000

About Proposals Analytics

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