Becoming a Delegate
Once you have delegated tokens to yourself or have received delegations from other people you are automatically a Hop delegate technically speaking.
It is best practice to follow these steps and write a short application in the Hop governance forum delegate post and complete your Delegate profile (bio, profile picutre etc.) on Tally.
There is currently a delegate incentivization trial happening, that aims to attract and retain both entities and individuals who actively participate in governance on behalf of HOP token-holders.
The Program lasts for 6 months and can be renewed by the DAO.
Minimum Participation Requirement: To remain eligible for delegate incentives, a delegate must maintain at least a 90% participation rate. Participation is measured as voting in any “temperature check” or on-chain governance vote.
Minimum Communication Requirement: To remain eligible for delegate incentives, a delegate must maintain at least a 90% communication rate. Participation is measured as providing for any “temperature check” or on-chain governance vote a summary, voting position, and justification for that position. A missed vote will still require communication to avoid a lower communication rate.
Measurement Period: Both minimum requirements will be measured on a 6-month basis, which is also the intended length of this trial. If this program is renewed, participation and communication requirements will continue to be measured on a rolling 6-month (182-day) basis.
Minimum Delegation Threshold: To remain eligible for delegate incentives, a delegate must maintain at least 90,000 HOP voting weight.
Last modified 4mo ago