- There is a vote happening about doing some things with a type of money called DAI.
- They want to move 900,000 DAI to a place called the Treasury.
- They want to use some of the DAI to buy other types of money like HDX, iBTC, and DOT.
- They will do this by making orders with specific rules like how much to trade and how many times to try.
- They hope this will help make the DAI worth more and help people who use it.

Initiate the third Treasury DCA orders

- A referendum is being proposed.
- If it is approved, some assets will be added to the Omnipool from the Treasury.
- The assets are 105,000 DOT and 6.44 iBTC.
- These assets were collected through a process called POL diversification via DCA.
- The accumulated iBTC will be used as liquidity, and $1M equivalent of DOT will also be added as liquidity.

Add iBTC & DOT liquidity to Omnipool

Add CFG to the Omnipool

Initiate the second Treasury DCA orders

- A referendum is being proposed for HydraDX Treasury DCA orders for HDX, DOT & iBTC.
- The referendum will signify a historic moment with an on-chain remark.
- 1.05M DAI will be withdrawn to the Treasury from Acala Wormhole.
- Three 50K DCA orders will be created from DAI to HDX, iBTC, and DOT respectively.
- Each DCA order has different block intervals, slippage limits, retries, and DAI per trade.

Initiate the first Treasury DCA orders

Upgrade runtime to release v17

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

Add ASTR to Omnipool

Accept Moonbeam HRMP & on-chain remark

Upgrade runtime to release v16.3.1

- 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 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

- 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

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.

Democracy Referenda