Eighth HOPR Governance Experiment Begins
The discussion phase for the eighth HOPR governance experiment has begun. This is a monster set of topics with far-reaching implications for HOPR governance, so we’re dedicating all of August to this process.
The proposals for this eighth governance experiment will be divided into two sections, released in a staggered schedule to avoid information overload. The first set of proposals is available now. The second set will be launched on Thursday 17th August.
Topics
The two main proposals relate to the following topics:
Should a HOPR Community Trust be established in the BVI to manage HOPR Community assets using governance processes established via the eighth HOPR governance experiment?
and
Should the governance processes for the HOPR Community Trust be registered on and managed via a separate governance platform with its own legal wrapper?
Within each topic, there will be primary and secondary proposals. The primary proposals are overarching proposals about the topic at hand (basically, should we do this at all?). The secondary proposals relate to follow-up decisions to be made assuming the primary proposal passes. These will all be voted on together during the vote phase, but the secondary proposals will only pass if the associated primary proposal also passes.
The Community Trust
The first set of proposals relate to the setup of the new HOPR Community Trust.
Voting yes on the primary proposal would signal token holder support for the HOPR Association’s plan to establish a trust in the BVI to provide a legal wrapper for managing HOPR community assets. These include the HOPR tokens and DAI raised at the launch of the HOPR token and subsequently used to provide liquidity on various decentralized exchanges, the equity in HOPR RiSe received as a result of the seventh HOPR governance experiment, and any other assets acquired going forward as a result of future governance decisions.
The goal of this governance experiment is to establish the rules which this trust will follow. To keep the decision space manageable, the HOPR Association has set out a framework based on our almost three years of governance experiments and data. The primary vote will be to accept this framework. The secondary vote will be to set parameters within this framework, such as voting quorums, process phase lengths, minimum proposal thresholds, etc.
Governance Platform
The second set of proposals relates to the establishment of a governance platform to manage the governance of the HOPR Community Trust and beyond. This would be a separate entity, both to provide additional legal protections and to increase decentralization. This platform would be used to provide governance throughout the HOPR ecosystem, but would also be a useful tool throughout web3. As such, we feel that this is an important project worthy of being spun off from the main HOPR Association. There will be more information about the platform and our thinking next week when the second set of proposals is revealed.
Schedule
We’ve had feedback in the past that discussion phases have ended too soon. Since this is such an important set of topics, we’ve dedicated most of August to the discussion. We’ll also have our usual Twitter Space and a new community call on Discord.
The full schedule is as follows:
Thursday 10th Aug: Primary Community Trust proposal announced. Discussion Phase begins
Monday 14th Aug: Secondary Community Trust proposals added. Twitter Space with team
Thursday 17th Aug: Governance Platform proposals added
Monday 21st Aug: Community call on Discord
Thursday 31st Aug: Vote phase begins
Monday 4th Sep: Vote phase ends
As always, discussion will be hosted on the HOPR forum and voting will take place on our Snapshot space.
This is a major governance development many months in the planning, and we look forward to getting input from our community.
Sebastian Bürgel,
HOPR Founder
Website: https://www.hoprnet.org
Twitter: https://twitter.com/hoprnet
Telegram: https://t.me/hoprnet
Discord: https://discord.gg/dEAWC4G
Forum: https://forum.hoprnet.org
Staking: https://stake.hoprnet.org
