From 66444fc72020e7a819bf5ed7680ea50811fbc5d3 Mon Sep 17 00:00:00 2001 From: Dumpling-girl <102622945+Dumpling-girl@users.noreply.github.com> Date: Wed, 14 Feb 2024 21:07:52 +0100 Subject: [PATCH 1/2] Updated vehnt.mdx Updated vehnt.mdx Taking into account PR 1783 from heatedlime. https://github.com/helium/docs/pull/1783/files --- docs/governance/vehnt.mdx | 84 ++++++++++++++++++++------------------- 1 file changed, 43 insertions(+), 41 deletions(-) diff --git a/docs/governance/vehnt.mdx b/docs/governance/vehnt.mdx index 3d4f15898..2a852dd8f 100644 --- a/docs/governance/vehnt.mdx +++ b/docs/governance/vehnt.mdx @@ -1,6 +1,6 @@ --- id: vehnt -title: Helium Vote Escrow Token +title: Helium Vote-Escrow Token pagination_label: veHNT Position sidebar_label: veHNT description: Helium veHNT Documentation @@ -12,10 +12,10 @@ import useBaseUrl from '@docusaurus/useBaseUrl' -In the Helium Ecosystem, HNT holders can receive veHNT positions by locking their HNT on-chain for a -specified period in exchange for voting power and subDAO delegation reward in the Helium DAO. After -the lock-up period ends and the locked position is closed, the amount of HNT is released to the -owner's Wallet and is once again transferable. +In the Helium Ecosystem, HNT holders can receive veHNT positions by locking HNT on-chain for a +specified period in exchange for voting power and subnetwork delegation reward in the Helium +Network. After the lock-up period ends and the locked position is closed, the amount of HNT is +released to the owner's Wallet and is once again transferable. veHNT, or voting-escrowed HNT, is a position introduced as part of [HIP-51](https://github.com/helium/HIP/blob/main/0051-helium-dao.md). veHNT was designed to empower @@ -33,63 +33,65 @@ align stakeholders' interests with the Network's long-term success. The amount of veHNT received when locking HNT depends on the lock-up period chosen by the user, with longer lock-up periods resulting in a higher veHNT multiplier. -## SubDAOs +## Subnetworks -The Helium Network serves as the overarching system that enables a multitude of Networks (subDAOs) -to exist via the HNT token. +The Helium Network serves as the overarching system that enables a multitude of Networks +(subnetworks) to exist via the HNT token. -Those who delegate their veHNT position to a subDAO are eligible to receive a portion of that +Those who delegate a veHNT position to a subnetwork are eligible to receive a portion of that Network's token emissions. -Each subDAO governs a specific area of the Network. The distribution of HNT tokens available to the -subDAO is determined by the amount of veHNT delegated to each subDAO. HNT is minted in proportion to -the veHNT staked to each subDAO. Initially, two subDAOs are introduced: IOT and MOBILE. Voting on -matters specific to the IoT and Mobile networks will require veIOT and veMOBILE respectively. +Each subnetwork governs a specific area of the Network. The distribution of HNT tokens available to +the subnetwork is determined by the amount of veHNT delegated to each subnetwork. HNT is minted in +proportion to the veHNT staked to each subnetwork. Initially, two subnetworks are introduced: IoT +and Mobile. Voting on matters specific to the IoT and Mobile networks will require veIOT and +veMOBILE respectively. -### IOT subDAO +### IoT subnetwork -The IOT subDAO focuses on the original vision of the Helium Network, supporting the growth and -development of IoT devices and applications. Delegating veHNT to the IOT subDAO will help fund +The IoT subnetwork focuses on the original vision of the Helium Network, supporting the growth and +development of IoT devices and applications. Delegating veHNT to the IoT subnetwork will help fund projects and initiatives that further the IoT Ecosystem on the Helium Network. -### MOBILE subDAO +### Mobile subnetwork -The MOBILE subDAO is dedicated to the growth and expansion of the Helium Network in the cellular -communications sector of the Network. Delegating veHNT to the MOBILE subDAO will help finance +The Mobile subDAO is dedicated to the growth and expansion of the Helium Network in the cellular +communications sector of the Network. Delegating veHNT to the Mobile subnetwork will help finance projects and initiatives aimed at integrating Helium technology into mobile devices and Networks. ## Delegating veHNT To earn rewards from the token emissions, veHNT holders must delegate their position to one or more -subDAOs. The lock-up period can range from 1 day to 48 months, with the longer lock-up periods +subnetworks. The lock-up period can range from 1 day to 48 months, with the longer lock-up periods resulting in a higher veHNT multiplier. Users can also change their delegations at any time to -optimize their rewards from the subDAOs. For the accrued rewards to be sent to a veHNT holder's +optimize their rewards from the subnetworks. For the accrued rewards to be sent to a veHNT holder's wallet, they need to be claimed manually. -veTokens can be managed through [Realms](/governance/staking-with-realms) using the in-app browser -on the [Helium Wallet App](/wallets/helium-wallet-app): +veTokens can be managed through [Helium Vote](/governance/staking-with-Helium-Vote) using the in-app +browser on the [Helium Wallet App](/wallets/helium-wallet-app): -- [HNT DAO on Realms](https://app.realms.today/dao/HNT) -- [IOT subDAO on Realms](https://app.realms.today/dao/IOT) -- [MOBILE subDAO on Realms](https://app.realms.today/dao/MOBILE) +- [HNT on Helium Vote](https://heliumvote.com/hnt) +- [IoT subnetwork on Helium Vote](https://heliumvote.com/iot) +- [Mobile subnetwork on Helium Vote](https://heliumvote.com/mobile) -### Impacts on subDAO Rewards +### Impacts on subnetworks Rewards -SubDAO rewards are calculated and paid to the lock-up position each 24-hour reward period, at -approximately 00:30 UTC. Currently, the IOT and MOBILE subDAO each have a 6% token emission pool for -veHNT stakers. This 6% is shared proportionately amongst all veHNT delegated to that subDAO at the -end of each epoch. +Subnetwork rewards are calculated and paid to the lock-up position each 24-hour reward period, at +approximately 00:30 UTC. Currently, the IoT and Mobile subnetworks each have a 6% token emission +pool for veHNT owners. This 6% is shared proportionately amongst all veHNT delegated to that +subnetwork at the end of each epoch. -**subDAO rewards may increase when:** +**subnetwork rewards may increase when:** -- More veHNT is delegated in the subDAO you delegated to - your treasury gets more HNT. -- More Hotspot onboarding fees are burned in the subDAO you delegated to. -- More Network Data is transferred within the subDAO you delegated to. +- More veHNT is delegated in the subnetwork a veHNT owner delegated to - that treasury gets more + HNT. +- More Hotspot onboarding fees are burned in the subnetwork a veHNT owner delegated to. +- More Network Data is transferred within the subnetwork a veHNT owner delegated to. -**subDAO rewards may decrease when:** +**subnetwork rewards may decrease when:** -- More veHNT is delegated in the subDAO you delegated to - your share is reduced. -- More veHNT is delegated to other subDAOs - other treasuries get more HNT. -- Your delegated veHNT decays over time after you enter cooldown (cliff mode) -- More Hotspots are online in other subDAOs that have a non-zero onboarding fee. -- More Network Data is transferred within other subDAOs. +- More veHNT is delegated in the subnetwork a veHNT owner delegated to - that share is reduced. +- More veHNT is delegated to other subnetworks - other treasuries get more HNT. +- The delegated veHNT decays over time after it has entered the cooldown. +- More Hotspots are online in other subnetworks that have a non-zero onboarding fee. +- More Network Data is transferred within other subnetworks. From 48a6f6488b730f12b35c939b66ae1ac910c9246a Mon Sep 17 00:00:00 2001 From: Dumpling-girl <102622945+Dumpling-girl@users.noreply.github.com> Date: Wed, 28 Feb 2024 20:00:28 +0100 Subject: [PATCH 2/2] Updated vehnt.dmx Updated vehnt.dmx after feedback. --- docs/governance/vehnt.mdx | 24 +++++++++++------------- 1 file changed, 11 insertions(+), 13 deletions(-) diff --git a/docs/governance/vehnt.mdx b/docs/governance/vehnt.mdx index 2a852dd8f..f87dd6f9e 100644 --- a/docs/governance/vehnt.mdx +++ b/docs/governance/vehnt.mdx @@ -35,11 +35,9 @@ longer lock-up periods resulting in a higher veHNT multiplier. ## Subnetworks -The Helium Network serves as the overarching system that enables a multitude of Networks -(subnetworks) to exist via the HNT token. - -Those who delegate a veHNT position to a subnetwork are eligible to receive a portion of that -Network's token emissions. +The Helium Network serves as the overarching system that enables a multitude of subnetworks to exist +via the HNT token. Those who delegate a veHNT position to a subnetwork are eligible to receive a +portion of that Network's token emissions. Each subnetwork governs a specific area of the Network. The distribution of HNT tokens available to the subnetwork is determined by the amount of veHNT delegated to each subnetwork. HNT is minted in @@ -47,15 +45,15 @@ proportion to the veHNT staked to each subnetwork. Initially, two subnetworks ar and Mobile. Voting on matters specific to the IoT and Mobile networks will require veIOT and veMOBILE respectively. -### IoT subnetwork +### IoT Subnetwork The IoT subnetwork focuses on the original vision of the Helium Network, supporting the growth and development of IoT devices and applications. Delegating veHNT to the IoT subnetwork will help fund projects and initiatives that further the IoT Ecosystem on the Helium Network. -### Mobile subnetwork +### Mobile Subnetwork -The Mobile subDAO is dedicated to the growth and expansion of the Helium Network in the cellular +The Mobile subnetwork is dedicated to the growth and expansion of the Helium Network in the cellular communications sector of the Network. Delegating veHNT to the Mobile subnetwork will help finance projects and initiatives aimed at integrating Helium technology into mobile devices and Networks. @@ -71,24 +69,24 @@ veTokens can be managed through [Helium Vote](/governance/staking-with-Helium-Vo browser on the [Helium Wallet App](/wallets/helium-wallet-app): - [HNT on Helium Vote](https://heliumvote.com/hnt) -- [IoT subnetwork on Helium Vote](https://heliumvote.com/iot) -- [Mobile subnetwork on Helium Vote](https://heliumvote.com/mobile) +- [IoT Subnetwork on Helium Vote](https://heliumvote.com/iot) +- [Mobile Subnetwork on Helium Vote](https://heliumvote.com/mobile) -### Impacts on subnetworks Rewards +### Impacts on Subnetworks Rewards Subnetwork rewards are calculated and paid to the lock-up position each 24-hour reward period, at approximately 00:30 UTC. Currently, the IoT and Mobile subnetworks each have a 6% token emission pool for veHNT owners. This 6% is shared proportionately amongst all veHNT delegated to that subnetwork at the end of each epoch. -**subnetwork rewards may increase when:** +**Subnetwork rewards may increase when:** - More veHNT is delegated in the subnetwork a veHNT owner delegated to - that treasury gets more HNT. - More Hotspot onboarding fees are burned in the subnetwork a veHNT owner delegated to. - More Network Data is transferred within the subnetwork a veHNT owner delegated to. -**subnetwork rewards may decrease when:** +**Subnetwork rewards may decrease when:** - More veHNT is delegated in the subnetwork a veHNT owner delegated to - that share is reduced. - More veHNT is delegated to other subnetworks - other treasuries get more HNT.