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