This referendum, if passed, will place the following on-chain remark:
The on-chain remark links to an externally stored .md file with the following content, which is the output from the recent governance discussion: https://hydradx.subsquare.io/post/69
This framework authorizes and mandates the HydraDX Council to diversify and/or deploy up to 4.8M DAI of the HydraDX protocol owned liquidity (POL) during and beyond Q2 2023 as follows:
The present framework has undergone a discussion on the governance forum of the HydraDX Protocol and has been approved in a general democratic vote by all holders of HDX.
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.
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