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Harmony MainnetHarmony Mainnetby0xe8f346E689059D5511D15116C4eE88d593cdAE6d0xe8f3…AE6d

HIP-28v2b Network Fee Collection

Voting ended almost 3 years agoSucceeded

Introduction

This governance vote is to get all the validator on the network to vote for the revamped fee collection feature discussed in https://talk.harmony.one/t/hip28v2-fee-collection/22198

Proposal

Currently, fees are burnt. This proposal suggests collecting fees in the following manner:

  • 50% of the fees will be allocated to a multisig wallet for infrastructure costs.
  • 50% will be directed to a community multisig wallet.

Each month, the community will decide whether to burn the collected fees or use them to support DApps, developers, repegging, etc. as they see fit.

see https://talk.harmony.one/t/hip28v2-fee-collection/22198/10

Achieving quorum

  1. Capture the total_stake and validator_stakes from all validators in the network at a given block.
  2. Ensure that the sum of all votes (Yes/No/Abstain) received is at least 50% of the total_stake, excluding stakes from known CEXs and large validators who do not wish to participate in governance.
  3. Achieve a 66.67% consensus vote (Yes) based on the voting pool in point 2.

Feel free to ask any questions in https://talk.harmony.one/t/hip28v2-fee-collection/22198

Off-Chain Vote

Yes
3.5B ONE87.9%
No
319.16M ONE8%
Abstain
161.46M ONE4.1%
Download mobile app to vote

Discussion

Harmony MainnetHIP-28v2b Network Fee Collection

Timeline

Apr 05, 2023Proposal created
Apr 05, 2023Proposal vote started
Apr 19, 2023Proposal vote ended
Oct 26, 2023Proposal updated