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HOPR DAO

HOPR is at the forefront of decentralized governance. The fair launch of the HOPR token was entirely community-driven, with 100% of raised funds remaining under control of the DAO. Regular governance experiments further research into effective governance techniques which balance the interests of small and large token holders.

TIMELINE

February 2021

Fair Launch

Participants in HOPR testnets were automatically included in the HOPR Genesis DAO. The Genesis DAO decided how to launch the HOPR token. All proceeds of the launch were used to provide liquidity and remain in full control of the community – zero funds were allocated to the team or HOPR Association.

May 2021

DAO Experiment v0.1

The first DAO Experiment introduced HOPR’s three-phase goverenance system based on Swiss direct democracy. The DAO discussed and voted on how to reallocate the almost $20m in liquidity raised during the launch.

October 2021

DAO Experiment v0.2

The second DAO experiment introduced quadratic voting and determined how to allocate the almost $150k in liquidity fees earned by the DAO since launch.

March 2022

DAO Experiment v0.3

The third experiment further optimized the governance phases and harness the wisdom of the community to design and prioritize use cases for the HOPR protocol.

July 2022

DAO Experiment v0.4

The fourth DAO experiment consisted of a series of yes/no questions related to moving some of the DAO-controlled liquidity from its HOPR-DAI pool on Uniswap to different DEXs on Gnosis Chain or to a HOPR-ETH pool on Uniswap.

November 2022

DAO Experiment v0.5

The HOPR DAO voted to allocate $600k in liquidity to automated liquidity managers as a trial. This was the first time the DAO struck a major deal with external projects. Over 150 people participated in the discussion, and there were over 300 votes.

HOPR ASSOCIATION

The HOPR Association is a Swiss-based association responsible for overseeing the development and promotion of the HOPR protocol. As the HOPR ecosystem matures, the HOPR Association will transition into a next-level DAO, able to operate both on and off-chain while remaining fully compliant with Swiss law. Applications for membership will open soon.

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