proposal

Increase protocol owned HDX LP position by ~22%

DCA 280,000 USDT to DOT

- The proposal will remove all USDT positions from the Omnipool.
- The proposal will create a new stableswap pool called `2-Pool-Stbl`.
- The new stableswap pool will have USDT and USDC tokens in it.
- The proposal will add liquidity to the new stableswap pool.
- The new stableswap pool shares will be added as a tradable asset in Omnipool.

LAUNCH NATIVE USDC/ USDT 2-POOL

HydraDX wants to transfer 60,000 DOT to a Pure Proxy on the Polkadot Relay Chain. This will ensure that the protocol has enough DOT to pay for Polkadot Coretime in the future. The HydraDX Council will stake these DOTs. Staking rewards will be distributed to a second Pure Proxy on Polkadot. These DOT are not being removed from the Omnipool. Referendum #43 approved 1.33M DAI to be diversified into DOT for the second parachain lease period. HydraDX recently secured a slot for 30,000 DOT and therefore these DOT are not currently allocated to a specific purpose.

Transfer DOT from HydraDX Treasury and Stake on Polkadot Relay Chain

Accept & Send HRMP channel open requests and add CRU

- The proposal is about upgrading the runtime to a newer version called `v23.0.0`.
- The upgrade will include new features like allowing router execution in XCM transact, XCM rate limiter integration, and dynamic fees.
- There were 11 changes made in total, including the ones mentioned above.
- The proposal was made by some people with usernames like Roznovjak, apopiak, and mrq1911.
- You can find more information about the changes in the release notes at the provided link.

Authorize upgrade to runtime release v23.0.0

- The proposal will make some changes to Omnipool.
- It will remove some tokens from Omnipool.
- It will create a new stableswap pool called "2-Pool".
- The new pool will have two tokens, iBTC and WBTC.
- The new pool shares will be added as a tradable asset in Omnipool.

Launch WBTC<>iBTC 2-Pool

HRMP channel open request to Manta Network

Withdraw LBP Liquidity & transfer DOT for staking

Schedule daily claims for HDX staker referral fees

- Dwellir is helping HydraDX community with a service called public RPC endpoint.
- They are receiving a lot of requests, around 3,515,091 per day on average.
- They are requesting $2,595 to cover the costs for October, November, and December in 2023.
- The HDX price was calculated as the average price over the last 7-days.
- You can read the full proposal by clicking on the link provided.

proposalId

Dwellir - Public RPC Endpoint Service Q4 2023

HydraDX is making some changes to their system which will help bring more people to use it. These changes include:

- Upgrading to a new version of their system called `v22`
- Creating a way for people to refer others to use HydraDX and earn rewards for doing so
- Changing the way fees are collected so that some of the money goes towards the referral program
- The goal is to get more people to use HydraDX and make it even better!

Authorize runtime upgrade & on-chain remark

DCA 350,000 DAI for DOT

- HDX bonds will be created and given to people who provide liquidity to DOT protocol.
- The HDX bonds will be created using HDX from the Treasury.
- The event will start on 4th January 2025 and last for about a year.
- The LBP will run for 36 hours and the start and end times are given.
- The LBP swap fee will be 2%.

Launch second bonds event

Accept & send HRMP channel open request to Nodle

Add PHA to Omnipool

SubSquare is proposing to launch a new event called the "second bonds event" on January 4th, 2024.

The proposal suggests creating 22 million HDX bonds with a maturity date of January 4th, 2025.

The bonds will be distributed to accumulate DOT protocol owned liquidity via an LBP.

The LBP will run for 36 hours, starting with 85% HDX bonds and 15% DOT, and ending with 40% HDX bonds and 60% DOT.

The bonds will start trading at a 22% premium to the spot price of HDX at the time the referendum is put on-chain, and there will be a 2% swap fee.

Second bonds event

- The proposal is about upgrading to release `v21.2` - runtime version `hydradx/196`.
- This upgrade will allow for a wider range of dynamic fees before the launch of referral fees.
- The initial parameters for AssetFee and ProtocolFee are given.
- The new parameters for AssetFee are Min - `0.25%`, Max - `5%`, Decay - `0.001%`, and Amplification - `2`.
- The ProtocolFee parameters remain unchanged.

Authorize upgrade to release v21.2

Authorize upgrade to v21.1.1

DCA 150,000 DAI for DOT

Here is a summary of the SubSquare post:

- WBTC and iBTC will not be available for adding liquidity.
- This is to prepare for the launch of the WBTC <> iBTC 2-Pool.
- If you have WBTC or iBTC, please remove them from the Omnipool.
- Acala (Wormhole) assets will be removed from HydraDX.
- The remaining Treasury assets will be swapped with the Moonbeam Routed Liquidity equivalent.

Update tradability & OTC orders

Accept & open HRMP channel with Unique parachain

HydraDX wants to move `118,000 DOT` to a Pure Proxy created for referendum #90 and set the multisig as `STAKING PROXY` and `GOVERNANCE PROXY` to the same Pure Proxy. The Pure Proxy will hold `218,000 DOT` from HydraDX POL, allowing the multisig to stake and earn staking rewards with the remaining `188,000 DOT`. The staking rewards will be distributed to a second Pure Proxy `14kovW62mmGZBRvbNT1w5J7m9SQskd5JTRTLKZLpkpjmZBJ8`. These DOT are not being removed from the Omnipool and were recently secured for the second parachain lease period.

Transfer DOT from Treasury & prepare to stake

Here is a summary of the SubSquare post content:

- HydraDX is moving all its POL away from Wormhole (Acala).
- This proposal is the second last step in the process.
- The final step will happen after this referendum.
- The proposal will remove all remaining LPs and previously "sacrificed" POL positions.
- It will also update tradable state to frozen and remove tokens and transfer to Treasury for four assets.

Remove 4 assets from Omnipool

- A council motion is being considered to remove Blocks United from the collator set and reduce the collator set size by 1.
- Blocks United's collator stopped producing blocks on December 6th and was offline for 35 hours before being noticed by a community user on Discord.
- As of December 9th, the collator has not returned to participate in consensus.
- The council is considering this motion because of uptime and monitoring rules that were not followed by Blocks United.
- The attached image shows the rules that led to this motion.

Council Motions