Important Update: Smart Contract Changes in the Helium Network

Important Update: Smart Contract Changes in the Helium Network

@Community, we’re happy to announce some significant implementation updates to Helium Network’s protocol.

1. Introduction of WiFi Onboarding Fees (HIP-96) On November 22nd, the Helium community collectively approved HIP 96. This proposal introduces a new fee structure for onboarding WiFi Access Points to the Helium Network. This HIP is now implemented, fully audited, and deployed as of t:1704751200:f.

• Indoor Access Points: $20 (includes $10 in Data Credits and $10 in MOBILE)
• Outdoor Access Points: $30 (includes $10 in Data Credits and $20 in MOBILE)

Although this doesn’t directly affect Hotspot owners, it’s important to be aware that Hotspot manufacturers are responsible for these fees and need to maintain MOBILE and Data Credit balances going forward.

Learn more about HIP 96: https://github.com/helium/HIP/blob/main/0096-wifi-ap-onboarding-structure.md

2. Service Provider Rewards (HIP-87) and Protocol Emissions Updates HIP 53 established, and HIP 87 subsequently updated, Service Provider emissions for the MOBILE network. These HIPs are now fully implemented, audited, and deployed as of t:1704751200:f.

These approved proposals instruct the protocol to emit up to 10% of total MOBILE emissions per epoch to Service Providers but only up to a proportional amount of Data Credits used in the same epoch.

In addition, all subnetwork token (IOT and MOBILE) emissions are now being fully created and accounted for by on-chain programs. Any unimplemented emissions for subnetworks will be subsequently reversed (via burn) on-chain as well. Although this doesn’t directly affect any token holders in the ecosystem, it’s important to explain this further.

The most important thing for the average network user is that better on-chain accounting means less complexity in software, and reduces the potential for bugs. Some of the emissions allocations are dynamic based on usage, like Service Provider rewards, and others remain unimplemented, like Oracle rewards. This implementation ensures that things are done correctly on-chain.

Learn more about HIP 87: https://github.com/helium/HIP/blob/main/0087-proportional-service-provider-rewards.md

These updates continue to help evolve and grow the Helium Network.🎈