[Temperature Check] HIP 1: Deploy a HOP bridge

Proposal

Deploy a HOP bridge to Arbitrum, Optimism, Polygon, and Gnosis Chain.

Execution

HOP has the potential to be a uniquely efficient bridge token. A HOP bridge can be deployed without AMMs, improving capital efficiency and eliminating slippage. Instead, the hToken produced by the HOP bridge that would be known as hHop can be enshrined as the canonical HOP on each supported network. With this setup, the HOP bridge can directly mint and burn the canonical HOP tokens on each network, and there is no need to swap between hHOP and HOP.

Bonder Liquidity

A HOP bridge will need a HOP bonder with enough liquidity for efficient bridging. Hop Labs would be willing to temporarily fill the role of the bonder until another bonder is available or the bonder role is fully permissionless.

Motivation

Make HOP available for bridging on all supported networks for broader availability.

Vote

Yes - Deploy a HOP bridge

No - No action

start

July 26, 2022

6:32 PM

end

July 31, 2022

6:32 PM

Voting

off-chain

Voting type

single-choice

Voters

306

Votes

14,204,686

Final Votes

closed

Yes - Deploy a HOP bridge

14.2M HOP (delegated)

99.97%

No - No action

3.9K HOP (delegated)

0.03%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem! Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem!

Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%