HIP: 36
title: Registration Validity Extension and Change of Renewal Period
author: @senryu @NingFid
status: Phase 1
created: 2022-01-18
Simple Summary
The validity of a registered profile is 1 year. This proposal aims to extend the duration of each profile to 2 years and change the renewal period duration to 3 months.
Abstract
To prevent high attrition in the registry due to renewal cost and simultaneous $UBI sell-off to fund renewal, we propose a change on the validity of the registered profiles through a change of the parameter submissionDuration to 2 years.
Moreover, the current setup to remove registered profiles is halted for the entire renewal duration of 6 months which is too long of ‘immunity’ period for possibly missed non-conforming and/or suspicious profiles. This can be done through a parameter change of renewalPeriodDuration to 3 months.
Motivation
In order for the Proof of Humanity protocol to maintain the momentum in registration and remain as the largest on-chain identity system, we need to address the pain points in submission primarily the total cost to register and renew.
While the average gas price recently is the same as it was at the inception of Proof of Humanity almost a year ago, ETH value back then was only around 1000 USD - a third of ETH price at current, thus making transaction costs in USD 3x than before.
Moreover, there are few other preceding submission requirement alterations being proposed like HIP-32, HIP-33 and HIP-27 that are yet to be voted and implemented, and may be enforced at the same time as many profiles need renewing. We therefore need more time to re-educate users and curators of the new process as we strive to balance fair incentivization and high-quality curated sybil-proof list of humans.