[HIP-35] Reducing Recognized Delegate Voting Weight Requirement

Summary

This proposal aims to address concerns about the current requirement for maintaining a 90,000 HOP voting weight to be eligible for delegate compensation. We propose decreasing the voting weight requirement to ensure the delegate program remains accessible to the broader Hop DAO community.

Motivation

During the last community call, there were valid concerns that the current requirement of maintaining a 90,000 HOP voting weight to be eligible for delegate compensation is currently too high and has excluded several community members from participating to ensure that the delegate program is accessible to the entire Hop DAO community at an intermediate level, we propose decreasing the voting weight requirement.

Specification

We propose three options for the new required delegate voting weight requirement:

30,000 HOP
40,000 HOP
50,000 HOP

start

July 10, 2023

12:32 PM

end

July 15, 2023

12:32 PM

Voting

off-chain

Voting type

single-choice

Voters

420

Votes

6,872,852

Final Votes

closed

30,000

5.2M HOP (delegated)

75.64%

40,000

1.5M HOP (delegated)

21.69%

50,000

73.5K HOP (delegated)

1.07%

No change

100.6K HOP (delegated)

1.46%

Abstain

9.1K HOP (delegated)

0.13%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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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%