HIP 65: Vendor HNT Lockup

[edakturk14]

HIP 65: Vendor HNT Lockup

• Category: Economic, Technical
• Original PR: HIP draft – Vendor Token Lockup #428
• Tracking Issue: this
• Status: In Discussion

Addendum to HIP-19

Summary

This HIP seeks to discourage manufacturers from participating in or supporting large-scale cheating Hotspot deployments.

Manufacturers will be required to deposit Helium Network Tokens (HNT) in an escrow account in proportion to the rate at which they add new Hotspots to the network. These deposited tokens can be forfeited if the manufacturer is found to have been complicit in a scheme to receive network rewards for dishonest deployments, or returned to the manufacturer on a regular schedule after a waiting period in good standing.

*HIP-19 is the process by which manufacturers of Helium Hotspots can apply for and receive cryptographic permission to add new gateways (Hotspots) to the Helium network.

Rendered View

https://github.com/helium/HIP/blob/main/0065-vendor-token-lockup.md

[vincenzospaghetti]

Update on HIP 65 (10/5): the most recent discussion around this HIP has concerned "shutdown economics" and the "tax" or the impacts of an economic cost on manufacturers. There's a discussion that this cost may be pushed onto consumers. Remaining questions around what happens to HNT (especially in an event where a manufacturer is gaming or has forfeited.)

[vincenzospaghetti]

The MCC has voted to withdraw this HIP. Anyone can review the decision of the MCC through the MCC Meeting Notes here.