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The HUMAN protocol supports a decentralized job market where any job, regardless of size or type, can be securely tokenized, published and completed, thus creating a human infrastructure that reshapes the way we work, and the HUMAN team is currently developing a new blockchain coordination layer to empower the community for active contributions.
An incentive framework featuring staking and additional reward mechanisms
Human Protocolhas developed a new layer, Routing Protocol (RP), with features such as Voting, Proof-of-Balance, Liquidity and Slash. This new RP is positioned as a layer above the HUMAN protocol to streamline coordination of the HUMAN community. To better understand, if the core protocol is the layer that performs the interactions of the contributors, the Routing Protocol is the layer that coordinates these interactions. This enhances optimal execution, decentralization, and agent reputation on the network.
But what exactly does the new Routing Protocol do? First, it provides a framework for incentivizing third parties to contribute to the network by providing a blueprint for coordinating third-party agents to contribute to the protocol.Through the Routing Protocol, companies and tool vendors will be able to provide the network with Routing Protocol works on a Proof of Balance model. Those who seek to join the network accumulate HMT in the form of a deposit to encourage good behavior. This wager can be cut off if the user behaves badly (see Cutting off, below). The protection mechanism also plays an important role in determining the operator’s priority in accepting jobs.
Routing Protocol offers several advantages at various types of stakes. Governance staking allows any user or network operator to stake HMT in exchange for vHMT, a token used for governance voting. This encourages active participation in the network by the community.
Staking lockup protects against flash loan governance attacks. Overall, staked tokens can grant lower operator fees and lower collateral conversion costs. Additionally, a discount mechanism could be introduced in the future that would reduce fees if paid with HMT instead of other collateral.
Voting and Market Making
Along with proof-of-balance, staking and liquidity, the new Routing Protocol also features voting, market making and slashing. The concept of voting focuses on alternative-conviction voting, where each time a voter references a worthy project, solves a task, or contributes to the overall development of the HUMAN project, the voter’s reputation increases, and each vote increases voting power. In addition, this voting model uses HUMAN Protocol Reputation Oracles to adjust voting power, potentially incentivizing and motivating users to contribute to the HUMAN Protocol.
DeFi applications, such as Hummingbot, can use routing protocols to provide mechanisms to further incentivize contributions to the network. These features are only the beginning of what can be achieved once RPs are implemented in HUMAN. Another thing that will be introduced to discourage bad behavior in the network and will be enabled by the new RP is thrashing and soft freezes. For example, the Human Protocol allows for the slashing of wagered funds if a bad operator attempts to tamper with a vote or refuses to pay a worker in a work pool.
If an operator is inactive, payments from the pool are frozen for a specific time and serve as a trial warning.
For the latest updates to the HUMAN protocol, please visit thewebsite at and follow us on. Twitter and join our community on DISCOUNT . Or contact the HUMAN team for more information or to inquire about integration and usage.
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