Hop Protocol Memo
What: Hop is a scalable rollup-to-rollup general token bridge. It allows users to send tokens from one rollup to another almost immediately without having to wait for the rollup’s challenge period.
Why: To provide an easy and trustworthy way to move tokens across Ethereum mainnet and othere Ethereum layer 2’s.
Product: The Hop protocol allows assets to be moved directly from rollup to rollup, providing cost savings and enabling cross-rollup composability of applications. This happens via Bonders and liquidity providers. Bonders verify transactions and provide liquidity up front, enabling fast transactions without the usual rollup waiting period. Liquidity providers earn HOP by providing liquidity on the various rollups. Bonders and liquidity providers earn fees from transfers in exchange for providing liquidity. Currently Bonders must be allowed by the Hop Bridge smart contract governed by the Hop team. Liquidity providers can be anybody.
Circulating supply: 53,694,009
Max supply: 1,000,000,000
Circulating Market Cap: $4,652,331
Fully Diluted Value: $86,645,258
Token Distribution (outlined here: https://twitter.com/HopProtocol/status/1522284534598967300)
Current holder distribution:
ETH — https://etherscan.io/token/tokenholderchart/0xc5102fe9359fd9a28f877a67e36b0f050d81a3cc
Audit and Source Code: