HIP05 - What Policy team is, and how they work [Finished]


This post proposes the principles and roles of the policy team involved in protocol management.


  1. Roles of Policy Team:
  • Set the referral terms: add the referrers’ affiliate address, notify the referrers, and apply preferential rewards to the referrers.
  • Set the partner terms: add the affiliate addresses of the partners to a special list, notify the partners, and apply preferential rewards to the partners.
  • Create and sell a new basket of HECTA with discount or discontinue an existing basket.
  1. Policy team manages:
  • HECTA with discount:

  • The policy team set discount rate for HECTA: Users can buy HECTA with an approved discount rate by BUSD or other supported tokens.

  • The policy team monitors liquidity and adjusts the protocol parameters to ensure the stability of HECTA liquidity.

  • The policy team also monitor the protocol parameters according to the purpose of treasury use at a specific time point or period. The protocol parameters are announced before HECTA sale is opened; it is including:

  1. Vesting Time

  2. Capacity​: The volume by HECTA or by BUSD can be sold

  3. Max Payout​: The maximum number of HECTA that can be sold during the deposit period.

Polling Period

  • Comment will begin now and will end at 08:00 GMT+0 on 08/08/2022
  • The polling process begins after comment is over and will end at 10:00 GMT+0 on 08/08/2022
  • After off-chain polling, a vote on-chain will be put up at 10:00 GMT+0 on 09/08/2022 and will be up for voting in 48 hours.


For: Action taken if this proposal is accepted.
Against: Action taken if this proposal is rejected.

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