#214·Polkadot Hydration - 2nd wave

This proposal, if approved, will fund the second wave of Polkadot Hydration liquidity incentives!

The proposed farms take into account the analysis from Giraffe and the subsequent discussion in https://hydration.subsquare.io/posts/207 - as well as other interactions with token holders in discord, telegram & on X.

The second wave will include the same total 191,222 vDOT and 49,229,167 HDX from the first wave - however, there are changes to their distribution amongst the farms. Due to time constraints and to avoid existing farms from running out of incentives, I will request that this proposal is fast tracked to 2.5 days of voting and will follow up in the coming days with 2 new farms that couldn't be included in this batch.

This specific proposal can be summarised as follows:

• USDT & USDC 2-pool farm remains as per the first wave
• iBTC & WBTC 2-pool farm remains as per the first wave
• DOT farm remains as per the first wave
• vDOT farm remains as per the first wave
• CFG rewards are reduced to 69% (nice) of the first wave
• ASTR rewards are increased by 75%
• GLMR rewards are increased by 25%
• INTR rewards are reduced to 50% of the first wave
• BNC rewards are reduced to 80% of the first wave
• PHA rewards are increased by 100%
• KILT rewards are reduced to 50% of the first wave

A second proposal will follow in the coming days to set up 2 new farms:

• vASTR
• MYTH/ DOT

The above changes are intended to divert rewards from less successful farms from the first wave, into the most successful.