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Governance

The purpose of the Hummingbot Foundation is to empower the HBOT token holders to govern many aspects of Hummingbot, such as:

  • Approving all pull requests to the Hummingbot codebase
  • Proposing improvements and architectural changes to the Hummingbot codebase
  • Modifying parameters of the HBOT governance system
  • Electing the foundation's Board of Directors
  • Allocating grants and other expenditures of the community treasury

For more information, see the Hummingbot Foundation Governance whitepaper.

Proposals

HBOT holders can vote on three types of proposals:

  • Pull Request Proposal (PRP): a proposal linked to an open pull request in the Hummingbot code repository. The community votes if the linked Pull Request should be added to the main code-base;
  • Improvement Proposal (IP): a proposal of an improvement to a component of the Hummingbot codebase.
  • Governance Proposal (GP): a proposal for modification to the Foundation governance system, or a proposed distribution of HBOT tokens from the treasury for a community activity such as a grant.

Each proposal type has different governance parameters:

Proposal Type Pull Request Improvement Governance
Min HBOT Balance to create 1 10,000 50,000
Quorum Percentage 0.1% of HBOT total supply 3% of HBOT total supply 10% of HBOT total supply
Approval Threshold >50% of tokens approved >50% of tokens approved >50% of tokens approved
Vote Duration 7 days 14 days 14 days

How to Participate

Discussions related to all Proposals must be on the Hummingbot Governance Forum.

Pull Request Proposals (PRP) are live and can be found on the Hummingbot Foundation Snapshot: Snapshot.

Governance Proposals (GP) and Improvement Proposals (IP) voting is expected to commence in mid-to-late January 2022 with the Hummingbot 1.0 release.


Last update: 2022-01-04
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