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.
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.