Proposal #3
Referendum #113

Governance Test - for adding additional POL HDX LP

Democracy
11mos ago
31 Comments
NotPassed
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Votes
70.9%Aye
Passing thresholdSuperMajorityApprove
29.1%Nay
Aye
620.71MHDX
Nay
254.36MHDX
Turnout
251.89MHDX
Electorate
0HDX
Failed
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Comments

Anyone opposed to this? Anyone in favor?

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Up 1

Could you break down your rationale for why you are proposing this/why you think that it is a good thing? Why someone might disagree? I'm not opposed, but I haven't spent a lot of time thinking about this

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Up 4

As Omnipool is essentially the solo market for HDX, I think it's important that we grow our liquidity here as our prominence grows - tools such as Split Trade are less effective for HDX as there isn't really any way to arbitrage the price back to "equilibrium".

There are currently 60M HDX in the Omnipool, and 314M HDX in the Treasury (plus 32M unsold bonds) and another ~1.7 BILLION HDX in the growth portion of HDX token supply - so I think a +50% increase or ~30M HDX would be reasonable personally.

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Up 9

As of now, is there a current need for this update? I would like to know more on the reason.

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Up 3

[7MdhKzwvPmvkNv1PQThTPMQLWrxBgKMqcwAJe6EEV2P9uNDv] - Do you have the time to share your thoughts on additional POL HDX LP not being the right decision at this time?

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Up

Would be great if the proposal is more detailed.

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Up 1

I don't understand why this is necessary? Omnipool was invented as a tool against whales, why should we abandon this idea?

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Up

I voted no, I don't think it is the best time to increase the position of pol hdx lp.
By increasing it now, more capital will be needed to grow the value of hdx, better to do it when the price is higher

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Great info for those that responded. I appreciate all the detailed information.

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This is not a fully formed proposal. I voted no.

not because i am against the idea, i just don't understand what I'm voting on here. Are you using the governance on-chain votes to ask a question? like "am i doing this right"

am i voting no to say you're doing it wrong?

I think this needs to be reworded and if you are using this to ask yes or no questions i think you might need to find another forum for that.

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7KKbq3n8P2RXvoLbsc7mdFF2CvaQmhS3DHt8ksBvMGHEXiCg big vote no. Would you have time to explain?

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I voted no, I don't think it is the best time to increase the position of pol hdx lp.
By increasing it now, more capital will be needed to grow the value of hdx, better to do it when the price is higher

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