The results of the fifth HOPR DAO experiment are in. Huge thanks to the over 150 discussion participants and 339 voters.
19 Nov 2022, 16:00
The results of the fifth HOPR DAO experiment are in!
Huge thanks to the over 150 discussion participants and 339 voters. 🙏
Who says crypto governance has to have low participation rates? 👀
This time, the DAO was asked about allocating some of its liquidity to external liquidity managers.
After an initial consultation phase managed by the HOPR Association, two projects were able to present proposals which worked for the HOPR token on the timelines required: @ArrakisFinance and @GammaStrategies
After completing the three governance phases, the DAO decided to allocate 600k of liquidity evenly between both projects, to be performance assessed and reviewed after six months.We’ll now be talking with both teams to get things up and running ASAP. 🚀
Expect more updates and analysis of the results in around a week, along with reward distribution.
Thanks again to everyone who participated, and particularly the two teams who were so proactive, transparent and gracious in the discussion.
This was a real milestone in the HOPR DAO’s evolution, and a great sign of the strength of the HOPR community even in turbulent times! 😎