diff --git a/docs/governance/vehnt.mdx b/docs/governance/vehnt.mdx index 3d4f15898..f87dd6f9e 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 +33,63 @@ 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 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. -Those who delegate their veHNT position to a subDAO 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 +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. -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. +### IoT Subnetwork -### IOT subDAO - -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 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. ## 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.