Prop 1:
Proposal for the Transfer of Hippo Data Node Reward Allocation
Simple Summary This proposal enacts the node and validator reward allocation logic defined in HIP-2 by authorizing the initial movement of newly generated inflationary HP coins to a designated wallet (hippo1z4mhgfjt7d6zr2pecjzacz4xxa7aucz7nyajlp). ## Abstract This proposal authorizes the transfer of newly minted HP coins, up to block 632012, into a dedicated wallet (hippo1z4mhgfjt7d6zr2pecjzacz4xxa7aucz7nyajlp) designated for node and validator rewards. According to [HIP-2: Mainnet Node & Validator Proposal], 80% of all newly minted HP coins from inflation are allocated to network participants—of which 90% is reserved for nodes. The coins will be moved to hippo1z4mhgfjt7d6zr2pecjzacz4xxa7aucz7nyajlp on July 1, 2025. ## Motivation Allocating rewards to nodes and validators is a foundational element of Hippo Protocol’s decentralized infrastructure. This transfer establishes the initial operational treasury for future distributions, reinforces transparency, and upholds HIP-2’s tokenomics. ## Documentation - None. ## Specification - Reward Source: 72% of HP inflation from mainnet launch up to block 632012 - Date: July 1, 2025 - Allocation Purpose: Hippo Data Node rewards - Allocation Amount: 23,478,261 HP - Allocation Wallet: hippo1z4mhgfjt7d6zr2pecjzacz4xxa7aucz7nyajlp ## Rationale This proposal: - Prepares the protocol to distribute rewards in line with HIP-2 - Ensures timely separation of network reward allocations into a dedicated wallet - Lays groundwork for transparent and auditable reward management
