Helium Foundation
Published in

Helium Foundation

Helium Community approves HIP 10

The DeWi alliance and Helium community recently received a pair of proposals that aim to adjust the economic distribution of HNT. The proposals both take aim at the current structure which provides an incentive to arbitrage with “artificial” sensor data in order to gain increased HNT rewards.

We’d like to first thank community members abhay and charlesfayal for taking the time to submit these proposals and all of the community members who engaged with these proposals.

There has been rigorous debate on the economic structure and the two proposals to alter it. We’d like to thank the entire Helium community for engaging in this debate, which occurred in #hips on the Helium Discord, Reddit and in the official GitHub repository of HIPs itself.

The primary concerns discussed were as follows:

  • either minimizing or removing Data Credit arbitrage
  • the effect of both proposals on net HNT inflation
  • whether arbitrage as a means for demand-side incentivization could work
  • whether a per-Hotspot cap is a reasonable compromise
  • whether providing a 1:1 ratio of rewards is limiting to the value of HNT

Based on the above discussion and the rough consensus achieved by the community and Helium Network stakeholders, the DeWi Alliance is formally recommending the following actions:

  • implement HIP 10 which defines a proportional reward scheme for Data Transfers
  • move HIP 10 into accepted state in the HIP repo
  • request that Helium Protocol core developers begin immediate implementation of the functionality
  • deploy the change as soon as is safely possible

Along with the overwhelming support of the community, our belief is that this will remove the Data Credit arbitrage, create additional incentive for Proofs of Coverage so the network can grow, and allow the network to grow in a more organic fashion.

We’d like to once again thank the community for their active engagement and contributions to the Helium Network.


DeWi Alliance




The Helium Foundation is a global not-for-profit dedicated to the proliferation of a secure, cost-effective Internet of Things.

Recommended from Medium

How to avoid the “spaghetti code”?

Basic Concepts Of IBM’s Infosphere DataStage

Open-source volunteerism and oral histories mapping, during a pandemic: Terrastories 2020 in review

Organizations looking to better locate, understand, manage and gain value from their data have a…

Code Challenge: Understanding Binary Tree Algorithms in Swift

Deploying Tests on Selenium Grid using Docker

Kotlin lambdas — name shadowing, type boxing, and signatures

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Helium Foundation

Helium Foundation

Enabling the future of wireless connectivity

More from Medium

The Future of Hotspot Apps and Wallets in the Helium Ecosystem

Elevating the DeWi Grant Program

DeFi On NEAR Protocol

“About I Bought a ETC Miner from Powpower”