Hop Protocol

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Frequently asked questions

How long do transfers take on Hop?

The transfer time can vary based on the specific conditions of the blockchain networks involved in the transaction. However, Hop aims to facilitate almost immediate transfers by leveraging liquidity providers to minimize waiting times.

How are the transaction fees estimated?

Transaction fees are estimated based on the network and the amount of data being sent. The estimated fees are calculated by taking into account the current network congestion and the gas price, which is the cost of executing a transaction on the blockchain. The higher the network congestion and gas price, the higher the estimated transaction fees will be.

Can I recover funds if I make a mistake in the transaction?

In general, once a transaction is confirmed on the blockchain, it is not possible to recover funds if a mistake is made. It is important to double-check all transaction details before confirming and sending the funds.

Can I participate in Hop governance?

Yes, if you hold $HOP tokens, you can participate in governance by delegating your voting power, either to yourself or another delegate, and voting on various proposals. This helps shape the future and operation of Hop Protocol.