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Governance

Proposed Epoch 6 Governance Changes

Since inception in early 2022, Hummingbot Foundation has continually improved and iterated on its governance system. Each quarterly Epoch has introduced voting format changes that are designed to align the choices and decisions that HBOT holders make with changes to the Hummingbot codebase that users want.

Since the end of the Epoch 5 polls, we have engaged in comprehensive internal discussions aimed at enhancing the governance process for the next epoch. Please see below for the proposed improvements. We cordially extend an invitation to our community to thoroughly examine these proposed changes below and provide feedback!

Epoch 5 Polls Recap

Every quarter, Hummingbot Foundation organizes Polls, an on-going initiative that lets HBOT holders decide how the Foundation allocates its engineering bandwidth and developer bounties across the components in the Hummingbot codebase.

This week, we completed the Epoch 5 polls, which prioritize exchanges and strategies, in the Hummingbot codebase for the July, August, and September releases.

An HBOT Voter's Guide to Epoch 5 Governance

Hummingbot Foundation's quarterly Polls have successfully driven greater participation in Hummingbot governance. Last quarter, each poll received 30+ votes and 20+ million HBOT voting power allocated!

But more importantly, polls have also allowed our community to decide which exchange connectors should be included in the Hummingbot codebase and how they should be prioritized. There are now 44 CEX and DEX connectors in the Hummingbot codebase, and each new connector requires maintenance, testing, and documentation time that imposes a cost on the overall Hummingbot user base.

Epoch 4 Polls Recap

Every quarter, Hummingbot Foundation organizes Polls, an on-going initiative that lets HBOT holders decide how the Foundation allocates its engineering bandwidth and developer bounties across the components in the Hummingbot codebase.

This week, we completed the Epoch 4 polls, which prioritizes exchanges and strategies, and issues in the Hummingbot codebase for the April, May, and June releases.

End of HBOT delegation

Per HGP-24, we have ended the HBOT delegation system

In Hummingbot Governance proposal HGP-24, Hummingbot Foundation proposed to terminate the HBOT delegation system that was initially created to allow locked-up token holders to be able to vote their tokens. Since the lockup period has expired and these token holders are able to release the tokens into their wallets, the delegation system is no longer needed to enable voting participation.

Community Incentives

The Community Incentives program was launched on December 12, 2022 with the aim to foster active participation and problem-solving among members in Discord channels. During its 7-week trial period, it was exhilarating to observe a significant number of users earning HBOT rewards for providing valuable responses to community questions.

FAQ on Hummingbot Polls for Exchanges

What are Polls?

Hummingbot Foundation started conducting quarterly Polls to give HBOT holders a say in the allocation of the Foundation's engineering bandwidth and HBOT developer bounties across the various components of the Hummingbot codebase especially, which exchanges are included in the codebase, and how much maintenance effort we apply to each exchange.

Epoch 3 Polls Recap

Epoch 3 polls prioritizes maintenance of exchanges, strategies, and issues in the Hummingbot codebase

Recently, we finished the first set of Polls, a new initiative that lets HBOT holders decide how the Foundation allocates its engineering bandwidth and developer bounties across the components in the Hummingbot codebase. We believe regular Polls will ensure that we can continually improve the aspects of Hummingbot that are the most important to the community.

Below, we summarize the results of the Epoch 3 Polls and outline the changes we'll make over the next quarter.

Hummingbot's 2023 Governance Roadmap

Specifics on our governance roadmap for 2023, Epoch 2 retrospective, and Epoch 3 changes.

In our last governance post, we summarized Hummingbot Foundation's progress since we launched the HBOT governance token one year ago, as well as the lessons that we've learned about how to structure the governance process. In particular, the Foundations plans to start regular monthly Polls to allow HBOT users to decide how the scarce maintenance bandwidth would be allocated across various exchanges, strategies, and issues in the Hummingbot codebase.

As a follow-up, this post provides more specifics on our governance roadmap for 2023. This post also serves as the retrospective for Epoch 2 and outlines changes for Epoch 3.