Hop Protocol reveals details of Hop DAO and Optimism-style airdrop
Hop Protocol, a cross-chain bridge designed to facilitate the quick transfer of tokens between different Ethereum Layer-2 scaling solutions, has unveiled a new governance model alongside an airdrop that will see early users receive 8% of the total supply of soon-to-be-released HOP tokens.
Similar to Optimism, which recently unveiled a new governance structure that will see early users airdropped 5% of the total supply of the OP token — Hop Protocol is aiming to create a community-oriented governance model, called Hop DAO, that seeks to aid Layer-2 scalability.
An official date for the airdrop is yet to be announced.
repost:There will be an initial supply of 1b $HOP tokens:• 8% airdropped to early users• 60.5% to the Hop treasury• 22.45% to the initial development team (3 yr vesting, 1 year cliff)• 2.8% saved for future team • 6.25% to investors (3 year vesting, 1 yr cliff) pic.twitter.com/rQ7xcGa9ba
Speaking to Cointelegraph’s Elisha Ayaw on Twitter Spaces, co-founder Chris Winfrey said that Hop Protocol and the Hop DAO airdrop, were designed with unique models for both governance and bridging in mind.
"We see Hop as core Ethereum infrastructure. It's very important for users to be able to move their assets from one rollup to the next. For this reason, we believe Hop should be a community-owned bridge,” said Winfrey.
Speaking on the structure of the airdrop, Winfrey said, “the goals of designing the airdrop were to... make sure that that you know early liquidity providers were rewarded”
“For the users that provided a lot of liquidity, those folks got a lot more HOP, so that piece of the air drop was very plutocratic,” Winfrey continued.
Winfrey noted that the Hop Protocol bridging mechanism is unique, allowing the Hop team
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