2 years ago
Cross-chain bridging protocol, Hop has launched Hop DAO, its community-owned governance operation that volition spot aboriginal users airdropped 8% of each HOP tokens.
Hop Protocol, a cross-chain span designed to facilitate the speedy transportation of tokens betwixt antithetic Ethereum Layer-2 scaling solutions, has unveiled a caller governance exemplary alongside an airdrop that volition spot aboriginal users person 8% of the full proviso of soon-to-be-released HOP tokens.
Similar to Optimism, which precocious unveiled a caller governance structure that volition spot aboriginal users airdropped 5% of the full proviso of the OP token — Hop Protocol is aiming to make a community-oriented governance model, called Hop DAO, that seeks to assistance Layer-2 scalability.
An authoritative day for the airdrop is yet to beryllium announced.
repost:
There volition beryllium an archetypal proviso of 1b $HOP tokens:
• 8% airdropped to aboriginal users
• 60.5% to the Hop treasury
• 22.45% to the archetypal improvement squad (3 yr vesting, 1 twelvemonth cliff)
• 2.8% saved for aboriginal squad
• 6.25% to investors (3 twelvemonth vesting, 1 yr cliff) pic.twitter.com/rQ7xcGa9ba
Speaking to Cointelegraph’s Elisha Ayaw connected Twitter Spaces, co-founder Chris Winfrey said that Hop Protocol and the Hop DAO airdrop, were designed with unsocial models for some governance and bridging successful mind.
"We spot Hop arsenic halfway Ethereum infrastructure. It's precise important for users to beryllium capable to determination their assets from 1 rollup to the next. For this reason, we judge Hop should beryllium a community-owned bridge,” said Winfrey.
Speaking connected the operation of the airdrop, Winfrey said, “the goals of designing the airdrop were to... marque definite that that you cognize aboriginal liquidity providers were rewarded”
“For the users that provided a batch of liquidity, those folks got a batch much HOP, truthful that portion of the aerial driblet was precise plutocratic,” Winfrey continued.
Winfrey noted that the Hop Protocol bridging mechanics is unique, allowing the Hop squad to isolate a span onslaught oregon web menace rapidly and minimize harm to users.
“If a catastrophic lawsuit were to happen, we tin isolate the lawsuit to lone the spot wherever it's happening and support users.""Hop uses an intermediary plus called the H token for each plus we support. Each of these H tokens is claimable connected L1 for the underlying asset, and astatine immoderate clip you tin nonstop it backmost to L1 and get the underlying token,” added Winfrey.
According to data compiled by Chainalysis, span hacks person outgo the cryptocurrency manufacture much than $1 cardinal implicit the past year, underscoring large information vulnerabilities of the caller technology. The caller Axie Infinity Ronin span hack is possibly the astir infamous attack, with the attackers stealing implicit $600 cardinal worthy of integer assets successful conscionable 2 transactions.
Related: Ape-themed airdrop phishing scams are connected the rise, experts warn
Currently, Hop supports the transportation of ETH, USDC, MATIC, DAI, and USDT from and to the pursuing networks; Mainnet, Polygon, Optimism, Arbitrum, and xDai.
Rollups settee the transactions extracurricular of the main Ethereum web but station the transaction information backmost to the Ethereum network.
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