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|
|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