Blog Category:
Governance
Community Call #4 Recap — Developments and Future PlansIn our latest community call, we shared updates on Horizon Protocol’s growth and sustainability roadmap. Over the past few months, we’ve shifted from a development-centered approach to a balanced focus on growth and strategic initiatives. This includes actively exploring partnerships with Layer 2 (L2) solutions to expand our reach and transitioning to a competitive multi-layer liquidity model to strengthen our ecosystem. We believe these initiatives are essential for attracting more traffic and scaling Horizon Protocol. Here are the highlights from our discussion:
HIP-22: Create a zUSD — USDC Pool on Pancakeswap V3We’re proposing HIP-22 to enhance zUSD liquidity by establishing a concentrated zUSD — USDC pool on Pancakeswap V3 and sunsetting incentives for Wombat Exchange. By partnering with Cupcake Hop (ICHI) as the position manager, this proposal represents a shift toward protocol-owned liquidity, enhancing long-term sustainability and efficiency.
HIP-21: Stop Incentives to the zBNB — BNB pool on Wombat ExchangeWe’re releasing the latest Horizon Improvement Proposal (HIP), which focuses on optimizing HZN emissions by ending incentives for the zBNB — BNB pool. While the pool will remain live on Wombat Exchange, removing incentives will allow for a more efficient allocation of resources.
HIP-21 Passed: Stop Incentives to the zBNB — BNB pool on Wombat ExchangeWe are pleased to announce that HIP-21 has been approved and that incentives for the zBNB — BNB pool on Wombat will cease on September 16th, after the current epoch finishes.
HIP-19 Passed: Temporary Reduction of Target C-Ratio to 350%We are pleased to announce that HIP-19 has been approved and will be implemented by tomorrow, Friday, August 18th, 2024, before the next Staking reward distribution.
HIP-19: Temporarily reduce C-Ratio to 350%HIP-19 proposes to temporarily reduce the Target C-Ratio to 350%. This adjustment aims to relieve pressure on stakers, making it easier to claim weekly rewards without burning zUSD or self-liquidating.