Dear HydraDX community,This discussion, initiated by the Chinese community, is about the listing of HDX on more CEXs.Since the launch of HydraDX Omnipool, through the unremitting efforts of the team, treasury assets of multiple parachains have been added to the liquidity of HydraDX, which is worth celebrating! The community supports the business logic of the team’s “Hydration Your Truancy” and appreciates the positioning of “HydraDX to become the head DEX of the Polkadot ecosystem”.The community believes that the success of a project, in addition to its core competitiveness - security, technological advancement and stable code delivery, listing on more CEXs is also a key factor, because listing on CEX has the following benefits:<ol><li data-list="ordered">Conducive to increasing market popularity and price stability: Compared with decentralized exchanges (DEX), centralized exchanges (CEX) have higher trading volume and stronger liquidity. This also means that more buyers and sellers will participate, which will help increase market popularity and price stability.</li><li data-list="ordered">Able to attract more new users: The user groups of centralized exchanges tend to be larger and more diversified, which helps expand the scope of influence of tokens. In addition, centralized exchanges generally provide a more friendly user interface, making it easier for novice users to participate and easier to get started, thus attracting more new users.</li><li data-list="ordered">Improve market recognition of tokens: Listing a token on a well-known centralized exchange can enhance its reputation and credibility, increase the market visibility of the token, and increase market recognition of it.</li></ol>In order to prepare for the upcoming bull market, further expand the popularity of HydraDX, introduce new players in China, and consider the current situation of HydraDX, after <a href="https://mp.weixin.qq.com/s/s5tAcIGn95HsHZ6hftWI5Q" rel="noopener noreferrer" target="_blank">voting by the Chinese community</a> and full discussion, the following consensus was reached:<ol><li data-list="ordered">Listing HDX on well-known CEXs is a key measure to expand visibility and introduce new liquidity.</li><li data-list="ordered">HDX pays first to list second-tier CEX, and then lists first-tier CEX when conditions are met.</li><li data-list="ordered">Before June next year, HDX should be listed on the following second-tier CEXs: MEXC, Gate.io, and KuCoin.</li><li data-list="ordered">Listing fees will be paid by the treasury through the “one CEX one referendum” decision-making method.</li></ol>Based on the following advantages, the Chinese community proposes to list HDX on MEXC first:<ol><li data-list="ordered">High Trading Volume and Extensive Cryptocurrency Selection: MEXC boasts a significant daily trading volume, which was approximately $1.56 billion as per the latest data. This high volume indicates a robust and active trading environment. Additionally, MEXC supports a vast array of over 1,600 cryptocurrencies, providing a wide spectrum of trading options for users. This extensive selection allows traders to diversify their portfolios and access a broad range of market opportunities​​​​.</li><li data-list="ordered">Zero Trading Fees and High Liquidity: MEXC has eliminated trading fees, making it a highly competitive choice for traders. Spot trading is completely free. This approach encourages liquidity and is especially beneficial for high-frequency traders and those who trade large volumes​​.</li><li data-list="ordered">Non-KYC (Know Your Customer) Policy and Global Accessibility: KYC verification isn’t compulsory for all MEXC users, which allows users to trade while maintaining their privacy and anonymity. This feature is particularly advantageous for retail traders who prioritize privacy. For instance, an unverified user can withdraw up to 30 BTC daily, whereas Primary and Advanced KYC allow for withdrawals of 80 BTC and 200 BTC respectively.</li><li data-list="ordered">Competitive Listing Fees: MEXC is known for its competitive listing fees, particularly in comparison to other exchanges in its tier.</li></ol>Currently, the Chinese community has obtained MEXC’s listing fee data. There are two types of listing activity packages (kickstarter/launchpad) submitted by MEXC (the commercial price is determined by negotiation between the HydraDX team and MEXC):[kickstarter]<ol><li data-list="ordered">For Kickstarter campaign, it will run only 1 day prior to the listing. If the listing date is December 5th, the announcement date will be December 4th.</li><li data-list="ordered">Token Allocation</li><li data-list="bullet" class="ql-indent-1">Listing Fee: 10,000 USDT</li><li data-list="bullet" class="ql-indent-1">The reward for the Kickstarter campaign: 20,000 USDT &amp; $30,000 worth of HDX.</li><li data-list="ordered">Market makers funds: 30,000 USDT + $30,000 worth of HDX.</li></ol>The funds need to be deposited into HydraDX's own market-making (MM) account at MEXC before HDX is officially listed for operation by market makers (MM account can be managed by HydraDX itself or entrusted to a market maker partner.), and can be withdrawn 1 month after listing.Some links:<ol><li data-list="bullet" class="ql-indent-1">Kickstarter Event page: https://www.mexc.com/sun/assessment</li><li data-list="bullet" class="ql-indent-1">Kickstarter Event FAQ: https://www.mexc.com/support/articles/4404916192281</li><li data-list="bullet" class="ql-indent-1">Example announcement: https://www.mexc.com/en-US/support/articles/17827791511280</li></ol>[launchpad]<ol><li data-list="ordered">For Launchpad campaign, it will run 5 days prior to the listing. If the listing date is December 5th, the announcement date will be November 30th.</li><li data-list="ordered">Reward Allocation</li><li data-list="bullet" class="ql-indent-1">The reward for the Launchpad campaign: 50,000 USDT &amp; $50,000 worth of HDX.</li><li data-list="bullet" class="ql-indent-1">The reward for Twitter Giveaways and Quiz: $10,000 worth of HDX</li><li data-list="ordered">Market makers funds: 30,000 USDT + $30,000 worth of HDX.</li></ol>The funds need to be deposited into HydraDX's own market-making (MM) account at MEXC before HDX is officially listed for operation by market makers (MM account can be managed by HydraDX itself or entrusted to a market maker partner.), and can be withdrawn 1 month after listing.Some links:<ol><li data-list="bullet" class="ql-indent-1">Launchpad Event page: https://www.mexc.com/launchpads/assessment</li><li data-list="bullet" class="ql-indent-1">Launchpad Event FAQ: https://www.mexc.com/support/articles/16697241995161</li><li data-list="bullet" class="ql-indent-1">Example announcement: https://www.mexc.com/en-US/support/articles/17827791509999</li></ol>MEXC information<ol><li data-list="bullet">Website: https://www.mexc.com/</li><li data-list="bullet">CMC website: https://coinmarketcap.com/zh/exchanges/mexc/</li><li data-list="bullet">Listed BD Contact: TG: @Pablo_MEXC (https://t.me/Pablo_MEXC)</li><li data-list="bullet">BD official identity verification link: https://www.mexc.com/official-verify</li></ol>In order to expand consensus, we are now soliciting opinions from the global community on the following issues:<ol><li data-list="bullet">Do you support HydraDX’s paid listing on more CEXs?</li><li data-list="bullet">What do you think are the principles for HDX to be listed on CEX?</li><li data-list="bullet">From your perspective, which CEX would you recommend HDX to be listed on?</li><li data-list="bullet">Before June next year, at least how many CEXs do you suggest HDX should be listed on?</li><li data-list="bullet">Of the two packages provided by MEXC, which one do you prefer?</li><li data-list="bullet">Other ideas or suggestions.</li></ol> Sincerely hope to receive your feedback!

1. The HydraDX community wants to list HDX on more centralized exchanges (CEXs).
2. Listing HDX on CEXs can increase market popularity, attract new users, and improve market recognition of the token.
3. The Chinese community proposes to list HDX on MEXC first due to its high trading volume, extensive cryptocurrency selection, zero trading fees, non-KYC policy, and competitive listing fees.
4. The Chinese community suggests that HDX should be listed on at least three second-tier CEXs before June next year.
5. MEXC offers two listing packages (kickstarter and launchpad) with different rewards and requirements, and the community is soliciting opinions on which package to choose and other suggestions for listing on CEXs.

Listing HDX on more CEXs.

Hello Hydrators!

As most of you will be aware, **our first parachain slot will come to an end at the beginning of January**.

We agreed as a community as part of [referendum #43](https://hydradx.subsquare.io/democracy/referenda/43) that we could diversify up to 1M DAI into DOT in preparation for bidding on a second parachain slot (approximately 216,000 DOT at current prices) - the fortunate news is that currently slots are generally going for <70,000 DOT (with the exception of Crowdloans which typically overpay); so whilst [DCAs for DOT are ongoing](https://hydradx.subsquare.io/democracy/referenda/86), we should have sufficient DOT already in the Treasury to cover this requirement.

Intergalactic Council along the with HydraDX Council have looked at and discussed a range of methods for executing these auctions bids in the most permissionless yet dynamic way possible - with the intention to reduce counterparty risk but also not overpay for the slot. The best method to achieve these goals is as follows:

- Create a **pure proxy on Polkadot** which we will transfer (through governance) e.g. 100,000 DOT from HydraDX Treasury
- Assign parachain 2034 (HydraDX) as `ANY PROXY`
- Assign a 2/6 multisig of the following HydraDX council members as `AUCTION PROXY`:
 - Jak-Pan
 - mrq
 - lolmcshizz
 - Leemo
 - Jose Crypto
 - Dakauaiguy
- The multisig would then be able to **bid on upcoming auctions** from those DOT, **without having any capability to move the funds**

I have created the following schema to demonstrate the setup.
![image.png](https://subsquare.infura-ipfs.io/ipfs/QmWcZwPDgHQehTnoHbHcfG4aRmckd9SvVAFGuGoKSbGHHG)

Before taking the next steps on-chain, I wanted to have a discussion to answer any questions that may arise around this process. The intention will then be to have everything ready to begin bidding for a slot from auction #55 onwards (once Parallel have overpaid for #54).

HydraDX is preparing to bid on a second parachain slot on Polkadot.

They agreed to diversify up to 1M DAI into DOT in preparation for bidding on a second parachain slot.

Currently, slots are generally going for less than 70,000 DOT.

They plan to create a pure proxy on Polkadot and assign a 2/6 multisig of the HydraDX council members to bid on upcoming auctions.

The multisig would be able to bid on upcoming auctions from those DOT without having any capability to move the funds.

Parachain slot renewal

Dear HydraDX community,

after an in-depth discussion within the Interlay community, we would like to add our native INTR token to the Omnipool. As the project behind iBTC, Interlay should be well known by the Hydra community and within the Polkadot ecosystem. For anyone who would like to know more about Interlay, I would like to refer to our [website](https://www.interlay.io/) or invite you to join our [discord server](https://discord.gg/interlay).

To improve liquidity for our native token INTR, we would like to deposit 12.5m INTR (~$150,000 as per 05/10/2023) and would like to see if there is positive feedback from the Hydra community for such a proposal.

- Interlay wants to add their INTR token to the Omnipool.
- Interlay is known for their iBTC project in the Polkadot ecosystem.
- INTR is Interlay's native token.
- Interlay wants to deposit 12.5m INTR to improve liquidity.
- They are seeking positive feedback from the Hydra community for their proposal.

Add INTR to HydraDX

gm Hydratooooors,

We are currently in the process of withdrawing our Wormhole (Acala) assets and swapping them for Wormhole (Moonbeam) [MRL] assets as per [this discussion](https://hydradx.subsquare.io/posts/102).

We are also **imminently going to be launching our Stablepools feature** (finally!), meaning that when our DAI > USDC OTC order is filled, we will be launching USDC (native) directly into a Stablepool with USDT (native). We currently have between 2-2.1M DAI allocated as Omnipool liquidity.

In order to reduce our "bridge risk", we should not include DAI in a Stablepool with our native assets - that being said, we *do* need to have means of low slippage swaps between bridged and native stablecoins. **I believe we can leverage MRL, Stablepools & Omnipool to provide a low-slippage decentralised stablecoins onboarding route into our ecosystem.**

----

My proposal is as follows:

- **Diversify some of the ~2M DAI** allocated as Omnipool liquidity (currently split between Acala & Moonbeam wormhole assets) into:
    - 300K DAI (MRL)
    - 300K USDC (MRL)
    - 300K USDT (MRL)
    - 300K USDC (or T) (native)
- Place those assets into a **4pool** Stablepool
- Deposit the 4pool asset shares into the Omnipool

This will compliment our other **2pool** Stablepool - USDC/ USDT (native) - which will also have its' asset shares deposited into the Omnipool. (liquidity will likely be ~2.6M worth of each, 2.2M current allocation + 800K of the existing DAI allocation)

The combination of these two Stablepools, deposited into the Omnipool will:
- Allow HydraDX to operate as an onboarding route for DAI/USDT/USDC liquidity from Ethereum to Polkadot native stablecoins, with minimal price impact
- Maintain stablecoin liquidity in the Omnipool at the current agreed ~6.6M across DAI/USDT/USDC
- Reduce reliance on bridged versions of stablecoins and limit the impact of any risk on our protocol owned native stablecoins
- Improve efficiency of swaps involving stablecoins

----

I have raised this discussion now, as we are currently in the process of swapping DAI (Acala Wormhole) for MRL versions - however, it would make sense to OTC the DAI directly into USDT (MRL)/ USDC (MRL)/USDC (native) instead of swapping to DAI (MRL) and then swapping once more for each of those assets.

Happy to answer any questions - **stay hydrated**!

----

**EDIT:** I have updated the numbers to ~300K of each of the assets in the MRL 4pool, as the research work we've done on the A parameters suggests that this will provide ample liquidity for the onboarding of liquidity. The remaining DAI from this allocation will be redirected towards native stablecoins.

HydraDX is withdrawing assets and swapping them for new ones. They are launching a Stablepools feature and allocating 2-2.1M DAI as Omnipool liquidity. They want to reduce their "bridge risk" and provide a low-slippage decentralized stablecoins onboarding route. They propose diversifying 2M DAI allocated as Omnipool liquidity into a 4pool Stablepool and depositing the asset shares into the Omnipool. This will allow HydraDX to operate as an onboarding route for DAI/USDT/USDC liquidity from Ethereum to Polkadot native stablecoins, with minimal price impact. They will maintain stablecoin liquidity in the Omnipool and reduce reliance on bridged versions of stablecoins.

Diversification of MRL DAI

11.08.2023 I send in Nova wallet 2 transaction (look at foto).
https://i.postimg.cc/k59YQCHS/photo-2023-08-07-09-55-15.jpg
Transaction 2 - i use https://app.hydradx.io/cross-chain (cross-chain HydraDX - ASTR in app)
Transaction 1 - i send in Nowa wallet (erroneous transaction from the application "Nowa wallet" interface). I sent it to HydraDX parachain account directly...
Transaction https://astar.subscan.io/extrinsic/0x093a214e0288f48e1007568c2c938e2d9ca30c493429eb5f9b0ff8e1186b9a62
My ASTR adress XwvFqwGxd7vUFde3DsYbyTb69dbU5AJVDvprRdd257P5qbt
My HydraDX adress
7KcBFPLfFVr5Xf6Ya6tvWEtEaHveehgVRn4SY4w5sfbfQTRo
I also provide screenshots of correspondence with members of Team HydraDX and Nova Wallet with their confirmation of the authenticity of my words.
I sincerely ask you to return my funds back. This is too high a price to pay for my stupidity...
Foto
https://i.postimg.cc/xT2fbJRT/photo-2023-09-12-21-21-24-2.jpg
https://i.postimg.cc/66dww6Xs/photo-2023-09-12-21-21-24.jpg


- On August 8th, 2023, the author made two transactions using the Nova wallet.
- The second transaction involved using the cross-chain HydraDX-ASTR feature on the app.
- The first transaction was sent in error directly to the HydraDX parachain account.
- The author provides their ASTR and HydraDX addresses and a link to the transaction on Subscan.
- The author has provided screenshots of correspondence with members of Team HydraDX and Nova Wallet to confirm the authenticity of their claim and requests the return of their funds.

Send back the funds that were mistakenly sent to the parchain wallet to the stupid user who did it...

The proposal titled "Don't get Rekt" emphasizes the critical need for governance participation in HydraDX, especially in light of the upcoming integration of 700K BNC tokens from Bifrost. Highlighting a potential risk from unmonitored proposals, it recommends a strategic investment of $10,000 in Bifrost tokens over 14 days, delegation to Chaos DAO, and a stipend of $2,000 to Chaos DAO for their monitoring and bot development. These actions aim to protect liquidity and underscore the importance of vigilant oversight to prevent significant financial loss within the ecosystem.

https://docs.google.com/document/d/16_cBMZva2ahPtqeo1BtBZz71agw1VHe_VSqZ_3RZ2zk/edit?usp=sharing



- The proposal is about a platform called HydraDX and the need for people to participate in its governance.
- There is a risk of losing money if proposals are not monitored carefully.
- The proposal suggests investing $10,000 in Bifrost tokens over 14 days and delegating to Chaos DAO.
- Chaos DAO will receive a stipend of $2,000 for monitoring and bot development.
- These actions will help protect the platform's liquidity and prevent financial loss.

Don't get Rekt - Protecting HydraDX interests across the polkadot ecosystem

Greetings Hydra-heads,

Now that we have HRMP channels open with Moonbeam, I believe that now could be a great opportunity to explore additional liquidity routes for the Omnipool - namely, in this discussion, I would like to propose that we remove:

- **Liquidity position #1165** - 175.9611 shares of **WETH** - currently worth ~ 175.66 WETH + ~ 687.71 LRNA (~$344K)
- **Liquidity position #1166** - 280,343 shares of **DAI** - currently worth ~ 301,119 DAI
- **Liquidity position #1769** - 11.2523 shares of **WBTC** - currently worth ~ 10.133 WBTC + ~ 925.79 LRNA (~$324K)

After removal, we should seek to replace these withdrawn Acala (Wormhole) assets with the Moonbeam (Wormhole) equivalents, before adding them to the Omnipool. This will open up liquidity flows from the Moonbeam ecosystem - which currently has significantly higher ERC-20 volumes than the Acala ecosystem, and allows for increasingly efficient arbs and additional onboarding routes for our users.

Many community members have mentioned in the past that they wish to see us explore Moonbeam as a liquidity onboarding route, so here I am proposing a plan for discussion before any action is taken.

Thanks!

Here's a summary of the post in 5 bullet points:

- The writer wants to explore additional liquidity routes for the Omnipool.
- They propose to remove three liquidity positions from Acala (Wormhole) and replace them with Moonbeam (Wormhole) equivalents.
- This will open up liquidity flows from the Moonbeam ecosystem, which has higher ERC-20 volumes than the Acala ecosystem.
- The proposed plan is up for discussion before any action is taken.
- This could be a good opportunity to onboard more users and make things more efficient.

Remove part of DAI, WBTC & WETH POL from Omnipool for Moonbeam Wormhole

# Proposed DCA schedule for Treasury Q2+ diversification strategy
In [Referendum #43](https://hydradx.subsquare.io/democracy/referendum/43) the HydraDX community approved the diversification of a combined 4.8M DAI into HDX, DOT and iBTC using the DCA pallet once deployed.

As we approach the launch of this key feature, it is important that we discuss the schedule for execution. This will not be a formal “vote”, as each individual DCA schedule will require its own referenda to be executed through the Treasury - instead this discussion will gauge alignment and identify any conflicts or concerns.

### Buy 1,000,000 DAI worth of HDX
- Execute a DAI > HDX trade every 5 blocks (~60 seconds)
- Aim to execute the entirety of the order over 1 quarter (13 weeks)
- This would result in ~131,000 sells of 7.63 DAI in exchange for HDX
- In order to gauge performance and adjust if needed, I propose an initial schedule of 50,000 DAI, followed by 3x 250,000 DAI, and finally 200,000 DAI until the budget is depleted
### Buy 3,330,000 DAI worth of DOT
- Execute a DAI > DOT trade every 2 blocks (~24 seconds)
- Aim to execute the entirety of the order over 1 quarter (13 weeks)
- This would result in ~328,000 sells of 10.16 DAI in exchange for DOT
- In order to gauge performance and adjust if needed, I propose an initial schedule of 50,000 DAI, followed by 6x 500,000 DAI, and finally 280,000 DAI until the budget is depleted
### Buy 500,000 DAI worth of iBTC
- Execute a DAI > iBTC trade every 5 blocks
- Aim to execute the entirety of the order over 6 weeks
- This would result in ~60,000 sells of 8.27 DAI in exchange for iBTC
- In order to gauge performance and adjust if needed, I propose an initial schedule of 50,000 DAI, followed by 3x 150,000 DAI until the budget is depleted

-----
Please leave your comments in this discussion, as well as indicating your preference on the poll.


- HydraDX community approved diversification of 4.8M DAI into HDX, DOT, and iBTC using DCA pallet.
- A proposed schedule for execution of DCA strategy is being discussed.
- The proposal suggests buying 1,000,000 DAI worth of HDX, 3,330,000 DAI worth of DOT, and 500,000 DAI worth of iBTC.
- The proposal includes executing trades every few seconds or minutes over a period of 6-13 weeks.
- The proposal includes an initial schedule to gauge performance and make adjustments if needed.

Proposed DCA schedule for Treasury Q2+ diversification strategy

I have spent a lot of time studying governance attacks. Among these are an attack on Balancer's governance (the war with the Humpy whale), spam attacks on Kusama's parachain (including Basilisk), a successful attack on Mangata's governance, and many others.

In order to secure Hydra in the future, I suggest we start taking steps now towards strengthening governance protection. Ofc, we are not yet large enough to afford the creation of another protection protocol – a liquidity concentration protocol similar to Aura for Balancer. A Hydra’s satellite protocol that would concentrate HDX for those who do not wish to participate in Hydra's management but still want to earn.

![](https://i.imgur.com/5XRRgCp.jpg)
(my Hydrafrens are getting into a battle with a whale attacking a governance-ship near Omnipool)

I suggest starting small and gradually. My initiative aims to achieve multiple goals simultaneously.

**The reason for the initiative and its essence:**
-Community identification – the Hydraheads.
Tokens are not sustainable for creating a community. NFTs serve as a much better adhesive for this purpose.

**Who is included in the initiative:**
-Accounts that have transferred xHDX tokens from ETH >to> HydraDX

**The total amount of NFTs**
-is strictly limited (~5500)

**NFT utility:**
-Initially, the primary utility of these NFTs will be to identify and distinguish early adopters from the rest members of community, which, in my opinion, is extremely important.
In the future, numerous features can be added to these NFTs. It can be an increased APR for liquidity mining, the right to veto in governance voting or an increased voting coefficient, priority rights for anything, etc. These are not set in stone and a topic for another discussion.

**Who will create these NFTs?**
I propose announcing a competition for visualizing these NFTs. Allocate $1k HDX equivalent from the treasury to reward three winners based on their result:
1 - $500
2 - $300
3 - $200

The contest can be held on Twitter and last for seven days. The Council (or any Twitter anons) will determine the winner, as well as the 2nd and the 3rd place through voting.

I could elaborate on what these NFTs could become, but the fact remains that they are necessary, and it's best to create them early on. In the future, these NFTs could be a powerful tool, unlocking vast potential and utility. 
For instance, I’d like to mention the tweets of one of the HydraDX Councilooooors, Leemo.
These are dedicated to NFTs in ChaosDAO and how they effectively rally the community, building a management, delegation, and interaction hierarchy.

https://twitter.com/LeemoXD/status/1606276562453528576?s=20

https://twitter.com/LeemoXD/status/1652403546204131329?s=20


**Who benefits from this initiative?**
TL;DR: everyone

- The team (Galactic Council) benefits from this initiative as they get a stronger community without incurring any significant costs. First of all, NFTs act as the community glue, and GC gets a mechanism for identifying the right people for various purposes and further actions. 
Additionally, setting a 5% royalty on the secondary sale of NFTs allows the team to organize a separate fund from these royalties. These funds will be used to buy HDX to support HDX staking or to strengthen the LRNA...(whisper: rewards for posting memes! Lol)
This will be decided by voting. There will always be a use for this fund. Who knows to what extent royalties may increase in the future!

- Those Hydraheads who participated in LBP, but were disappointed at some point and would like to leave the project or those who critically need to reduce the loss (in the equivalent of USD) received on LBP can sell their NFTs.

- LBP participants who keep these NFTs – the benefits for them are obvious. They will not spend anything additionally, but will increase the value of their presence and participation in the HydraDX project.

- Those who did not participate in LBP will be able to buy HDX and OG-status with a strong desire, which I think is cool, because a person is not to blame for missing the  HydraDX at the very first moment. And if in the future they want to become a Hydrahead, this opportunity cannot be taken away from them.


**Questions for an open discussion:**

1) I propose to create them on the EVM network using the ERC RMRK standards. I am aware of the special connection of the HydraDX/Basilisk team with the Kodadot team, but to be honest, having studied Kodadot and what they offer quite deeply at the moment, I see no reasons to create these (so valuable) NFTs on the Kusama/Basilisk network. *Open for a discussion. 

2) To consider implementing a gradation level of NFTs, with the level dependent on the number of $HDX transferred over the ETH>HydraDX bridge.

I propose discussing and voting on the creation of OGs NFT. However, before you consider this proposal, I would like to ask you to go back in time and re-read "Road to Hydration p.1" again.
https://hydradx.substack.com/p/road-to-hydration-part-1

![](https://i.imgur.com/40MJunC.jpg)
(come for the tendies, stay for the tribe)

Drink more water and don't get liquidated until you get your OG NFT. Thanks for the attention.

HydraDX is a project that aims to strengthen governance protection by creating NFTs to identify and distinguish early adopters from the rest of the community. The NFTs will have various features such as increased APR for liquidity mining, the right to veto in governance voting, priority rights, and more. The team benefits from this initiative as they get a stronger community without incurring significant costs. LBP participants who keep these NFTs will increase the value of their presence and participation in the HydraDX project. Those who did not participate in LBP will be able to buy HDX and OG-status with a strong desire. The NFTs will be created on the EVM network using the ERC RMRK standards. The proposal suggests implementing a gradation level of NFTs, with the level dependent on the number of $HDX transferred over the ETH>HydraDX bridge.

Special NFTs for HydraDX LBP OGs

The HydraDX Treasury currently contains ~300M HDX worth ~$1.5M at current prices: https://hydradx.subscan.io/account/7L53bUTBopuwFt3mKUfmkzgGLayYa1Yvn1hAg9v5UMrQzTfh

Whilst `addLiquidity` has been paused, a gap has formed between the 5% HDX weight cap and the current amount of HDX in the Omnipool - currently there are 74M HDX vs a cap of 90M. As we transition towards HDX staking, I believe that it's important that the treasury is the largest/ only LP of HDX - therefore, in order to prevent a large influx of HDX LPs once `addLiquidity` is re-enabled, **I propose that we maintain a small buffer above the 5% weight cap for the HDX liquidity added from the treasury**.

**I would like to see another ~$400K of HDX from the HydraDX Treasury pre-authorized to be added as POL to the Omnipool** in order to maintain e.g. 5.2% weight in the Omnipool and prevent further HDX LPing until we understand entirely what actions are required when HDX staking goes live - this would be added in stages as the TVL of Omnipool increases.

As a first step, **this would involve adding ~30M HDX from the Treasury to the Omnipool** at the same time as we re-enable `addLiquidity` shortly.

I'm interested to hear wider views on this - it is worth noting that with the [recently approved proposal](https://hydradx.subsquare.io/democracy/referendum/43) to swap 1,000,000 DAI for HDX, we will have a significant increase in HDX in the treasury over the coming months that will more than offset any liquidity requirements from this proposal.

- HydraDX Treasury has a lot of HDX worth $1.5M.
- Adding liquidity has been paused, but there is still room for more HDX in the Omnipool.
- To prevent too many people from adding HDX to the Omnipool, they want to keep a small buffer above the 5% weight cap.
- They propose adding another $400K worth of HDX from the Treasury to the Omnipool in stages.
- They will add about 30M HDX from the Treasury to the Omnipool when they re-enable adding liquidity.

Maintain HDX liquidity buffer from Treasury

Due to the constant depreciation of the hydra, which is associated with a lack of demand for the HDX, which creates a negative information background around the project and slows down the expansion of the community, I consider it appropriate to list on one of the TOP-20 exchanges.
This will also reduce the impact of Kraken price fluctuations on the Omnipool Hydra price. Please note that there are restrictions on trading on the Kraken for a certain part of the community.
The coin can only be bought on the Kraken and on one DEX. Some people prefer CEX and don't use DEX
This step will expand the community and make the HDX more recognizable.
I propose to start a referendum on this issue.

1. The value of a currency called hydra has been decreasing because not many people are interested in buying it.
2. This is causing problems for the project and slowing down its growth.
3. The person who wrote the post thinks it would be a good idea to list hydra on a popular exchange to help increase its value and make it more popular.
4. Currently, hydra can only be bought on one exchange and some people don't like using that exchange.
5. The writer wants to start a vote to see if other people agree with listing hydra on a new exchange.

New listing on CEX

Hi Team,

Due to current bear market situation we decided at Tokenguard to focus on providing on-chain user related data analytics tool and developing useful features for L1 blockchains and L2 protocols based on Substrate and EVM ecosystems. The main goal is to increase protocol revenues, grow user base and understand user flows to make better business decisions 🚀

Web3 creators still don’t have a tool delivering the most important data to them – user data insights 📊 They can’t understand user acquisition/conversion paths and are losing money, because they can’t either measure and increase users' engagement or monitor the efficiency of marketing activities 📈

At the same time protocol creators can’t access the data they need, hence they’re either enforced to spend $ to create backend tools for tracking user data or have to use numerous tools to find basic user insights (Subscan, Dune Analytics, Etherscan).

As a remedy for above factors, we can propose delivering data analytics tool for HydraDX community, which would consist of the following features:

- no-code and no-SQL dashboard with user data analytics insights
- user groups analysis over time
- users behavior on-chain (staking, whale wallets analysis, user engagement over time)
- user sources tracking
- transactions analysis over time
- alerting & monitoring
- RAW data access
- Data Analyst consultations
- sharing and embedding dashboards on the website
- custom fields and charts

Check this out [here](http://demo.tokenguard.io/azero-testnet)

We're happy to deliver fully customizable on-chain data analytics tool for HydraDX community based on custom metrics, which you consider as crucial for community growth 🔥

**<ins>Pricing plan:</ins>**
We charge a one-time implementation fee, which covers all our infrastructure costs, including indexing and storing data, updating indexer, dashboard development as well as custom metrics implementation for the community. One-time implementation fee depends on the amount of data on a specific blockchain.

After dashboard implementation process is finished, we have three different options to choose for DAO community:

**Public** with read-only access to view dashboard/metrics (free of charge)
**Community** with access to our platform by login to unlimited number of users, eligibility to create custom charts and exporting data reports into CSV/PDF files (free of charge)
**Professional** with alerting & monitoring feature enabled, delivering chart data as webhooks and data analyst consultations

**<ins>Tokenguard 2023 Roadmap </ins>**

- Q1 2023:
initial app release
settlement of core partnerships among Substrate community (Subsquid, DOT Validators Alliance, Zeitgeist, Aleph Zero, Reef etc)
onboarding 10 chains to the platform with basic on chain metrics
creating community dashboards from existing charts

- Q2 2023:
expanding partnerships among Substrate community focusing around biggest players
staking analytics
L2 token analytics metrics
creating community charts and dashboards from data models
onboarding 10 chains to the platform (totalling 20 supported chains)
monitoring and alerting subscriptions

- Q3 2023:
fine-tuning offered data models for flawless cross-platform comparisons of key metrics
introduction of source-segment-conversion user-friendly metrics builder

- Q4 2023:
self-onboarding of new substrate chains
expanding beyond Substrate ecosystem (target platform TBD)

Here's a summary of the SubSquare post content:

- Tokenguard is focusing on providing on-chain user related data analytics tool and developing useful features for L1 blockchains and L2 protocols based on Substrate and EVM ecosystems.
- The main goal is to increase protocol revenues, grow user base and understand user flows to make better business decisions.
- Web3 creators still don’t have a tool delivering the most important data to them – user data insights. They can’t understand user acquisition/conversion paths and are losing money, because they can’t either measure and increase users' engagement or monitor the efficiency of marketing activities.
- Tokenguard proposes delivering data analytics tool for HydraDX community, which would consist of features like no-code and no-SQL dashboard with user data analytics insights, user groups analysis over time, user sources tracking, alerting & monitoring, etc.
- Tokenguard charges a one-time implementation fee, which covers all infrastructure costs, including indexing and storing data, updating indexer, dashboard development as well as custom metrics implementation for the community. After dashboard implementation process is finished, there are three different options to choose for DAO community: Public, Community, and Professional.

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