HP017 - Extending vHubble and HSC Incentives

This proposals seeks to:

• Continue the vHubble incentives on the same terms approved in HP013 through the following months unless there is a proposal to change them.
• Reduce the HSC incentives to 280 HSC

The vHubble and HSC incentives have helped bootstrap liquidity and trading volume on Hubble. In order to keep the momentum going, it is necessary to continue the incentives in its current form with some changes to the HSC distribution.

New HSC rewards

HSC rewards will continue to be issued on the terms stipulated in HP013. However the amount of HSC rewards for every pool has been modified:

Additionally, Traders, Makers and Insurers must have contributed a minimum time weighted amount during each epoch. Each epoch is 1 week.

Total HSC monthly rewards: 280

Insurance Fund

Monthly: 60 Weekly: 15

The top 15 insurance funders will be rewarded 1 HSC every week.

An insurance funder’s supplied liquidity as a ratio to the total funds in the insurance fund will be measured every minute (at a random time in each minute). Using these data points, the Insurance Funder’s Average Supplied Liquidity will be determined each week. The Insurance Funders would then be ranked according to their Supplied Liquidity. The top 15 will be chosen.

Insurance Funders must have deposited a minimum of $50 for the full duration of the epoch.

Traders

Monthly: 80 Weekly: 20

The top 20 traders, ranked by volume, will receive 1 HSC each week.

Only swaps done directly through the UI will be covered to specifically target retail traders and not bots.

Traders must have achieved a minimum cumulative trading volume of $100 or more during the epoch.

Makers

Monthly: 140 Weekly: 35

The top 25 Makers, ranked by liquidity supplied, will be rewarded 1 HSC each week.

Each Makers’ supplied liquidity as a ratio to total supplied liquidity will be measured every minute (at a random time in each minute). Using these data points, the Makers Average Provided Liquidity during the week will be determined. The Makers would then be ranked according to their Avg. Provided Liquidity for the top 25 to be chosen.

Makers must have provided a minimum of $100 or more in liquidity for the full duration of the epoch.

Continuation of the incentives

Both vHubble and HSC incentives will continue through the following months unless there is a proposal to change them.