After the OpenSquare snapshot voted to use the HydraDX allocation of PINK as liquidity, this proposal, if approved will:
- Mint
6,557,081 PINK to the HydraDX Treasury - these currently reside on the HydraDX Sibling Account on AssetHub, but do not yet exist on HydraDX.
- Transfer
6,557,081 PINK from HydraDX Treasury to a Council-controlled multisig 7Hf1BkDYtp2YijMkJ6obQt8wrPrzn4KYrbek2Pp1iAobmefs
- This is a 4/7 threshold multisig with the following council members as signatories: lolmcshizz, amphibiousParakeet, Crane, Leemo, Mister Cole, Jose, Dakauaiguy
- Place the following on-chain remark:
Instruction for HydraDX Council multisig address 7Hf1BkDYtp2YijMkJ6obQt8wrPrzn4KYrbek2Pp1iAobmefs to swap 3,278,540 PINK for DOT using OTC and subsequently create a PINK/DOT LP position before sending the LP shares to the HydraDX Treasury