[HIP-35] Reducing Recognized Delegate Voting Weight Requirement

Summary

This proposal aims to address concerns about the current requirement for maintaining a 90,000 HOP voting weight to be eligible for delegate compensation. We propose decreasing the voting weight requirement to ensure the delegate program remains accessible to the broader Hop DAO community.

Motivation

During the last community call, there were valid concerns that the current requirement of maintaining a 90,000 HOP voting weight to be eligible for delegate compensation is currently too high and has excluded several community members from participating to ensure that the delegate program is accessible to the entire Hop DAO community at an intermediate level, we propose decreasing the voting weight requirement.

Specification

We propose three options for the new required delegate voting weight requirement:

• 30,000 HOP
• 40,000 HOP
• 50,000 HOP