HIP-5 | Framework for a LockTrip/DAO Synergy

:small_orange_diamond: Hydra Improvement Proposal 5 (HIP-5) is scheduled for a vote! :small_orange_diamond:

Snapshot Time for the Vote:

First block after July 6, 12:00 UTC time.

Voting Period:

Voting starts: July 6, 12:00 UTC time
Voting ends: July 13, 12:00 UTC time

Voting Addresses:

YES → HHxxxxYEAxPN5xxxxxxxxxxxxxxxy8unFw
NO → HHxxxxNAYxPN5xxxxxxxxxxxxxxy3KrKJ4

Threshold for Approval:

51% approval rate

Summary of Proposal:

  • Company’s Voting Rights : To ensure fairness and avoid conflicts of interest, the company will not be eligible to vote on any proposals.
  • Company’s Commitment to DAO Proposals : The company commits a fair share of the staking income it generates towards operational proposals that get approved. To achieve this, the company is willing to delegate most of its HYDRA balance to a DAO-owned validator which would collect a 20% commission. The commission would act as a strong form of contribution, without tempering with decisions, and without adding dependency risks.
  • The contribution comes on a voluntary basis, in the spirit of growing the DAO and supporting the network. Adjustments to the contribution can be made unilaterally.
  • To make the contribution possible, the deployment of a DAO-owned validator is required.

Link to the Full Proposal:

Voting Procedure:

0.1 HYDRA sent to any of the two addresses above will credit your entire snapshot weight to the respective side. Note that the last transaction counts, meaning that you can change your vote within the voting period. Transactions above or below 0.1 HYDRA will not count.

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