HydraDX is planning to start a Liquidity Mining program called "Hydrated Farms" if a referendum is approved. 

They will create a HDX "Global Farm" and distribute 20M HDX over a ~3 month period to applicable "Yield Farms". 

They will also create a DOT "Yield Farm" with 1x multiplier and target additional DOT TVL of $2,222,222. 

The Loyalty multiplier will start at 1x and trend towards 2x throughout the life of farms. 

Rewards will be distributed based on the price ratio of DOT to LRNA in the LP position at the time of deposit into the farm, and paid out in HDX using an oracle price conversion.

Mint 20M HDX & launch Hydrated Farms with DOT LM

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votingPeriod

delay

Upgrade runtime to release v16.3.1

Accept Moonbeam HRMP & on-chain remark

- A referendum is being proposed for an upgrade to HydraDX.
- The upgrade will include new features and improvements to the platform.
- The HDX weight cap will be increased to 20% and then decreased to 5%.
- 20,000,000 HDX will be added to the Omnipool from the Treasury.
- Once the upgrade is done, LPing to the Omnipool will be possible again.

Authorize upgrade to v16.3.0 & add HDX liquidity to Omnipool

Open HRMP channels w/ Bifrost & on-chain remark

HydraDX is a protocol that allows people to trade cryptocurrencies. 
They want to diversify and/or deploy up to 4.8M DAI of the HydraDX protocol owned liquidity (POL) during and beyond Q2 2023. 
They plan to buy 1,000,000 DAI worth of HDX, 3,330,000 DAI worth of DOT (incl. LSDs), and 500,000 DAI worth of iBTC. 
They will gradually swap the DAI for HDX, DOT, and iBTC in the Omnipool. 
The accumulated HDX, DOT, and iBTC will be deployed into the Omnipool and used for different purposes.

POL Diversification and Deployment (Q2+ 2023)

Redistribute Equilibrium HDX crowdloan rewards

- HydraDX Protocol found a critical vulnerability in the Omnipool.
- A whitehat hacker helped HydraDX Protocol identify the vulnerability.
- The hacker is entitled to a bug bounty of $590,000, but it's too much for the HydraDX treasury to pay.
- The Galactic Council team negotiated with the hacker to pay a discounted amount of 450,000 DAI.
- The HydraDX Protocol thanks the hacker for their help in identifying the vulnerability.

Whitehat Bounty Payment

Add iBTC, USDT & ZTG to Omnipool

HRMP Channel Requests, Register ZTG & CFG on HydraDX Asset Registry

Withdraw DAI & WBTC from Acala to HydraDX treasury & create OTC orders

Add HDX POL to Omnipool, Support for LM, Oracles, OTC Tradooooor & various security features

- A referendum is being proposed to add ASTR to the HydraDX Asset Registry and as a fee payment asset.
- The referendum also seeks approval from HDX holders to add ASTR as a tradeable asset within the Omnipool.
- The addToken referendum will be fast-tracked to avoid potential for price manipulation.
- This is a pre-requisite to adding ASTR to the Omnipool, and the act of adding it will follow at a later date.
- The purpose of this referendum is to expand the options for tradeable assets within the Omnipool.

Add ASTR to asset registry & add on-chain remark

- A referendum is like a vote to decide if money should be given to a project called HydraDX Protocol.
- If the vote passes, 5 million DAI will be set aside for 2 years to help with research, development, marketing, and other things that will help HydraDX Protocol.
- The money will be given out in smaller amounts over 6 months at a time by the HydraDX Council.
- There is a blog that talks about what HydraDX Protocol wants to do in the future.
- People have been talking about this project in a discussion with the community.

HydraDX Funding Proposal

Transfer WETH & DAI from Acala to HydraDX Treasury & Add Liquidity to Omnipool

Transfer Omnipool Liquidity & Add to Omnipool

- A referendum is being proposed.
- If approved, it will send some money to a treasury.
- It will increase the TVL cap to $8,000,000.
- It will add some tokens to Omnipool.
- It will open some channels for trading.

Transfer Omnipool Liquidity, Add to Omnipool, & HRMP channel requests/ accepts

For a second-grade student:

- There is a vote happening to make some changes in a place called Omnipool.
- They want to let more money be used there, up to $6,000,000.
- They also want to add more of some special money called WETH, DAI, and WBTC to Omnipool.
- They will limit how much of each type of money can be used there.
- They will cancel something that didn't work before.

TVL Cap Increase, Asset Weight Cap Changes, Add Moar ETH, WBTC & DAI, & Cancel HRMP (Statemint)

Bridge WETH, DAI & WBTC to the HydraDX parachain treasury

Increase TVL Cap, Add Liquidity to Omnipool & Adjust Weight Caps

Accept HRMP Channel Opening Requests from Phala & Interlay

SubSquare is proposing some changes that will affect the Omnipool. If approved, the changes will:

- Increase the TVL cap to $2,222,222
- Add more ETH and DAI to the Omnipool from the treasury
- Set weight caps for DAI, ETH, and HDX
- Sacrifice two positions (978 and 979) to change the status of treasury LP to POL

The weight caps of ETH and DAI will be temporarily increased to 100% to prevent adding of liquidity from failing, but will be adjusted to 45% weight cap at the end of the batch.

TVL Cap Increase, Asset Weight Cap Changes & Add Moar ETH & DAI [Version 3]

Add WBTC to Omnipool

SubSquare is proposing changes to their Omnipool. If approved, the changes will include raising the TVL cap to $2,222,222, adding more ETH and DAI to the Omnipool, and setting weight caps for DAI, ETH, and HDX. They will also sacrifice two positions from last week's liquidity adding. The weight caps of ETH and DAI will be temporarily increased to 100% to prevent adding of liquidity from failing, but adjusted to 45% weight cap at the end of the batch.

Democracy External Proposals