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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;
  • Hummingbot Improvement Proposal (HIP): a proposal of an improvement to a component of the Hummingbot codebase.
  • Hummingbot Governance Proposal (HGP): 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
Snapshot https://snapshot.org/#/hbot-prp.eth https://snapshot.org/#/hbot-ip.eth https://snapshot.org/#/hbot.eth
Vote Duration 7 days 14 days 14 days
Min HBOT Balance 1 10,000 50,000
Quorum Percentage 0.1% of HBOT circulating supply 3% of HBOT circulating supply 10% of HBOT circulating supply
Approval Threshold >50% of tokens approved >50% of tokens approved >50% of tokens approved

Minimum Quorum Updates

After the Approval of HGP-3 the minimum Quorum needed for the approval of proposal is now a percentage of the circulating supply.

Last Update: 01/31/2022

Total Supply 1,000,000,000
Circulating Supply 27,169,236

Last update: 2022-02-24
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