dhive

[Temperature Check] HIP 1: Deploy a HOP bridge

avatar
Hop by
superphiz.eth
on
July 26, 2022, 6:33 PM

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

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
July 26, 2022
6:32 PM
end
July 31, 2022
6:32 PM

Voting type
single-choice
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%