• Authors: @tjain-mcc, @shayons297, @jmfayal,@abhay
• Start Date: 2022-01-26
• Category: Economic / Technical
• Original HIP PR: Create HIP 51: Helium DAO #334
• Tracking Issue: HIP 51: Helium DAO #336 (this)
• Status: Approved

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Read the HIP:

https://github.com/helium/HIP/blob/master/0051-helium-dao.md

Summary

This proposal outlines economic and technical constructions with the aim of scaling the Helium Network to support new users, devices, and types of wireless network protocols.

We propose that each wireless network supported by Helium (LoRaWAN, Wifi, 5G — referred to as wireless network protocols or WNPs) has its own subDAO with its own token (referred to as wireless network tokens or WNTs). The key specifications of the WNT such as proof-of-coverage rules, data credits rewards, and consensus mechanisms are governed by each WNT DAO.

The aim is to create an economy such that the underlying HNT-Data Credit burn-and-mint equilibrium remains undisturbed, and Proof-of-Coverage rules and miner emission amounts are dictated by the corresponding wireless network’s sub-token.

The technical model requires that the entire Helium Network lives at some proposed base layer (L1). All accounts and transaction activity happens at this L1. All subDAOs operate as economic and governance layers (L2) with their respective WNTs acting as native tokens for this purpose. Each L2 also runs software to calculate WNP specific items (eg: all the proof of coverage code that exists on the current LoRaWAN network to determine hotspot rewards) and the L2 validators who have staked WNTs come to consensus on these calculations.