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#176·Deposit additional 5.54M ASTR into Omnipool from Astar Treasury
Impressed by the performance of the first Astar Treasury deposit of 2.22M ASTR into the Omnipool, the Astar community have voted to deposit another 5.54M ASTR ($500.7k).
https://forum.astar.network/t/deposit-additional-astr-into-hydradx-omnipool/6507
Astar team transferred the 5.54M into the Astar sibling acct on the HydraDX chain and this proposal will deposit it for them into the Omnipool, with the LP NFT then being held in the Astar sibling acct in case the Astar community ever decide to remove their liquidity.
https://app.hydradx.io/liquidity/my-liquidity?account=7LCt6dFnHxYDyomeCEC8nsnBUEC6omC6y7SZQk4ESzDpiDYo
This will bring the total Astar Treasury deposit to 7.76M ASTR ($726,600) and total ASTR Omnipool liquidity will increase to $735,967. This deposit TRIPLES trade sizes, allowing trades of 120k ASTR ($11.2k) before 2% slippage. If you're a whale and want to trade even more, use the Hydra "DCA" feature to automate your purchase in small chunks.
Special thanks for Gaius_sama from the Astar team who helped guide this process!
- Astar community deposited more ASTR into the Omnipool after being impressed by its performance.
- The Astar team transferred 5.54M ASTR into the Astar sibling account on the HydraDX chain.
- The proposal will deposit the ASTR into the Omnipool, increasing the total deposit to 7.76M ASTR ($726,600).
- The total ASTR Omnipool liquidity will increase to $735,967.
- This deposit will triple trade sizes, allowing trades of 120k ASTR ($11.2k) before 2% slippage.
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Edited