1. Project introduction

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.

The Hop protocol provides a scalable rollup-to-rollup General Token Bridge using a two-pronged approach:

(1) Create a cross-network bridge token that can be quickly and economically moved from rollup to rollup or claimed on layer-1 for its underlying asset.

(2) Use Automated Market Makers to swap between each bridge token and its corresponding Canonical Tokens on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network. The combined approach allows users to quickly and trustlessly swap between layer-2 Canonical Tokens using the specialized bridge token as an intermediary asset.

The Hop DAO will govern all relevant parameters of the protocol including:

(1) The networks and tokens that Hop supports

(2) The Bonder whitelist

(3) The distribution of HOP incentives

(4) Management of the treasury funds

2. Investment institution

1confirmation, 6th man ventures, infinite capiutal, coinbase

3. Distribution

Airdropped to early network participants: 8%

Hop DAO treasury: 60.5%

Initial development team (3 year vesting, 1 year cliff): 22.45%

Saved for future team members: 2.8%

Investors (3 year vesting, 1 year cliff): 6.25%