Unexpected token 'N', "Not Found" is not valid JSON

**UPDATE ON 31st AUGUST** 


After working on five months and investing countless number of hours. We didn't get anything. I just lived with the false hope from this community. One message from the council member and everything is vanished. Sometimes life hit you hard with a brick.

We will not be translating any content from next month. Thanks for all the opportunity. [@Jose Crypto](7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec-hydradx) [@lolmcshizz](7Ljigfve9PdRqvSjiRGUjVf37rbX3n89ZmaitD2hQQhtLBMN-hydradx) [@YUNG BEEF 4.2](7MYesC9hELWbdCefydppjcNuA5rxaBJdecuFBGHEaNpJ876i-hydradx) 



- A group of people worked hard for five months but didn't achieve anything.
- They feel disappointed and let down by the community.
- They will not be translating any content from next month.
- They thanked some people named Jose Crypto, lolmcshizz, and YUNG BEEF 4.2.
- The post ends with a sad note.

Update on Persian and Urdu Translation Articles 

Period of Contribution - 03/2023- 05/2023

Summary of all the articles:

I have been running two blogs for Persian and Urdu community.

https://hydradxpersian.wordpress.com/

https://hydradxurdu.wordpress.com/

(https://docs.google.com/document/d/1D0L2HVZ-RSGVvkvgPKvEd-wByMGsvnvpPxwup8tnwXw/edit?usp=sharing)

Time Spent : 125.19 hrs

Requested Tip : 352,390 HDX ( 20USD / 7D Avg 0,007103 x 125.19)

Description : For translating the 20 articles in Persian and 5 articles in Urdu.

Previously I have translated the book Polkadot for Beginners (https://linktr.ee/polkadotbook)

I will be thankful to all the council members  if they can support me in this initiative.



- The person has two blogs, one for Persian and one for Urdu community.
- They have spent over 125 hours translating articles for these blogs.
- They have translated 20 articles in Persian and 5 articles in Urdu.
- They have previously translated a book called Polkadot for Beginners.
- They are requesting a tip of 352,390 HDX (which is equivalent to 20 USD) for their translation work.

Tip Request for Urdu and Persian Articles 

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

Dearest Hydratooooors,

With the imminent launch of staking on HydraDX - I would like to propose that we subsidise staking rewards for the first year... my rationale is as follows:

- Stakers receive rewards every period (1 day) from a `reward pot` - in the initial design (Staking v1.0) this `pot` is filled solely by HDX trading fees. In later implementations (Staking v2.0) this will also receive trading fees from POL LP.
- Initially, due to low volumes, I expect that these trading fees will be low.
- Through DCA from POL DAI, the Treasury is currently accumulating HDX.
- A portion of these HDX could be distributed to HDX stakers in order to reward early supporters, whilst the protocol continues to be developed and HydraDX builds traction.

My proposal would be to take `22,222,222` HDX from the HydraDX Treasury, and distribute it evenly throughout `365 periods` to the `reward pot`.

I have been playing around with numbers on [this sheet](https://docs.google.com/spreadsheets/d/1KoQKL3m--6rr_pYxGU66zlqgb-hV4T83QsyeqINUXsE/edit?usp=sharing) - if we assume that 10% of circulating supply stake their HDX, then the subsidised HDX rewards would provide a ~8.6% APR (non-inflationary).

Looking forward to this discussion!

HydraDX is launching staking soon and the proposal is to subsidize staking rewards for the first year. 
Stakers receive rewards every day from a reward pot which is filled by HDX trading fees. 
Initially, these trading fees are expected to be low due to low volumes. 
HydraDX Treasury is accumulating HDX through DCA from POL DAI. 
22,222,222 HDX could be distributed evenly over 365 periods to the reward pot to reward early supporters.

Subsidise HDX staking for 1 year

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

<h1>Period of the contribution:</h1>2023/07/01-2023/08/10<h3>Summary:</h3>Create the HydraDX/Basilisk Chinese community. Participate in the translation/proofreading. Published articles on China's self-media platforms.<h1>Requested tips:</h1>200872HDX in total, of which:<ol><li data-list="ordered">170349HDX (58.6*20/0.00688) - Basic salary of community managers</li><li data-list="ordered">30523HDX (10.5*20/0.00688) - Translation and Video Production</li><li data-list="ordered">0HDX (0.0000001*20/0.00688) - Articles published</li></ol>0.00688 - 7D average price from Grafana<h1>Description:</h1><h2>Basic salary of community managers</h2>Create the HydraDX/Basilisk Chinese Community in the Telegram and WeChat(At present, daily communication and text AMA are mainly carried out in the WeChat group - 蛇粉总群). Translate official announcements in time and publish them in the community. Answer questions from community members in time. Organize and host a monthly text AMA. Organize a team of community volunteers to complete translation/proofreading tasks in a timely manner.Salary time interval: July 1-August 10, a total of 41 days, equivalent to 5.86weeks. 10 hours per week for a total of 58.6 hours.<h2>Translation and Video Production</h2>This month, I translated 6 articles and it took 8 hours：<ol><li data-list="ordered"><a href="https://mp.weixin.qq.com/s/zoXLvtIQlTbQ45XuuTeuBA" rel="noopener noreferrer" target="_blank">HydraDX Monthly Update #5</a>（2hrs）</li><li data-list="ordered"><a href="https://mp.weixin.qq.com/s/GcqweDgro1k4cEykcu0aVw" rel="noopener noreferrer" target="_blank">HydraDX Monthly Update - July 2023</a>（2hrs）</li><li data-list="ordered"><a href="https://docs.hydradx.io/cn/howto_hydrated_farms/" rel="noopener noreferrer" target="_blank">Join Hydrated Farms</a>（1hr）</li><li data-list="ordered">DCA Trading（1hr）</li><li data-list="ordered">Place a DCA Order（1hr）</li><li data-list="ordered">Hydrated Farms（1hr）</li></ol>The last three articles have been translated and the md document has been uploaded, waiting to be merged!<img src="https://s3.bmp.ovh/imgs/2023/08/11/c2fefac4551a617e.png"><a href="https://mp.weixin.qq.com/s/MLkMuDHJbCOlnHdYvQgaLA" rel="noopener noreferrer" target="_blank">Provide Chinese voice and subtitles for the first official promotional video - "HydraDX Omnipool - Intro"</a>, which took a total of 2.5 hours. Among them, the translation took 1 hour, the Chinese voice fine production took 1 hour, and the subtitle adjustment took 0.5 hours.<h2>Articles published</h2>2 articles were published, which took 0.0000001hrs:<ol><li data-list="ordered"><a href="https://mp.weixin.qq.com/s/zoXLvtIQlTbQ45XuuTeuBA" rel="noopener noreferrer" target="_blank">Link1</a></li><li data-list="ordered"><a href="https://mp.weixin.qq.com/s/GcqweDgro1k4cEykcu0aVw" rel="noopener noreferrer" target="_blank">Link2</a></li></ol> Stay hydrated!

- A person helped create a community for HydraDX/Basilisk in China.
- They translated official announcements and answered questions from community members.
- They organized and hosted a monthly text AMA.
- They translated 6 articles and created Chinese voice and subtitles for a promotional video.
- They also published 2 articles.

[Tips Request] Chinese Community Manager - July

**Proponent:** 7KMzGDKDNKjUrdiiZd6q8UzxfnPrDQmpjgS3CyLwQBWCtbgd

**Date:** 18th July 2023

**Amount Requested:** 308,662.4630 HDX

**Short description:** OnFinality has been running high performance, scalable, and reliable public infrastructure for HydraDX since December 2022, in this proposal we only request reimbursement for the costs incurred in Q2 (April, May, June) of 2023.

**Full Report:** [https://docs.google.com/document/d/1zxV6K3x0EfkN0ZNnTlJZ0W2geXj0zr_ercDUY465RXs/edit?usp=sharing](https://docs.google.com/document/d/1zxV6K3x0EfkN0ZNnTlJZ0W2geXj0zr_ercDUY465RXs/edit?usp=sharing)

* * * * *

Original Motivation
===================

Setting up blockchain infrastructure is difficult, time consuming, and expensive:

-   It requires a level of server development expertise that many do not have

-   It's costly to run a full node nearly continuously, especially when your dApp's traffic is low and inconsistent. 

-   Running production level infrastructure is especially tricky. You need to autoscale quickly to handle bursty traffic, and you want to provide services in different regions around the world to provide low latency services - all of this is incredibly costly, but comes with significant economies of scale for a provider.

-   DevOps requires constant attention - time that would be better spent elsewhere building.

A shared node API service helps mitigate these barriers of entry to trying accessing a new protocol by reducing all these costs to near zero. We manage all the nodes for our users and distribute them across the world (with intelligent routing) to achieve global scalability from day 1, we monitor each node and ensure that they meet certain service levels, and we have the expertise and scale to handle production workloads and high peak traffic.

In summary, we try to reduce the pain of getting started on HydraDX and minimise the costs of accessing secure nodes while traffic from your dApp is low. When you grow, you can continue to use our shared API service, or we also [provide access to one click deploy dedicated HydraDX nodes](https://onfinality.io/dedicated_nodes)  to any cloud of your choosing. 

Background on our RPC Service
=============================

Since inception in November 2020 we have made a large number of improvements to our Ultimate API service focussing on three key areas; performance/reliability, providing more value from our Ultimate API service, and cost optimisation.

### Performance/Reliability

OnFinality is operationally striving for a minimum of 99.99% reliability, which means less than an hour of downtime each year.  We proudly display and share our [90 day uptime statistics](https://status.onfinality.io/) for each network publicly [here](https://status.onfinality.io/uptime/r40wwpclbwzm).

We have invested hugely into a team dedicated to optimising our application gateway and caching layer to ensure that we provide the fastest possible service for our customers. We run clusters in 5 different regions (North Virginia, Frankfurt, Tokyo, Singapore, and Australia) and across 3 different cloud providers (AWS, GCP, Alicloud) to ensure that we are fault tolerant to any single region or cloud provider ceasing service.

### Providing more value from our Ultimate API service

For customers that do sign up for paid API keys, we've been adding more and more features to provide a better experience. [Geolocation insights](https://blog.onfinality.io/onfinality-adds-geolocation-insights-for-dapps-and-api-apps/) provide statistics about where in the world communities are to help influence decisions around where to expand infrastructure and to view the effectiveness of regional BD initiatives.  We can also now [automatically upsize the storage on nodes](https://blog.onfinality.io/onfinality-developer-update-auto-expand-storage-for-dedicated-nodes/) to prevent the risk of any downtime.

Finally, in Q2 of 2023 OnFinality [launched Trace API](https://blog.onfinality.io/onfinality-launches-trace-api-for-unprecedented-visibility-into-your-dapps/) support which was a huge enhancement allowing unprecedented visibility for dApp builders. Trace API captures and records vital information otherwise not available through regular RPC methods and extrinsics (such as complete XCM transfer records and complete list of balance changes). These APIs are essential in order for [developers like Polkaholic](https://blog.onfinality.io/onfinalitys-new-trace-api-helping-colorful-notion-get-trace-data-from-over-40-substrate-chains/) to parse and understand XCM transactions.

### Cost Optimisation

OnFinality is very conscious about providing a strong level of support for HydraDX  at an extremely competitive price. Cost saving measurement has been a significant focus on behalf of our customers, with advanced rate limiting controls implemented. We can, for example, rate limit each client on a burst and sustained basis and based on the request methods that they are calling (e.g. each state_traceBlock request is rate limited 45x more than chain_getBlock), [read more about these advanced rate limiting tools that we've developed here](https://documentation.onfinality.io/support/public-rate-limits).

Meaning that we can continue to provide generous public API endpoints for over 40 different networks for common-good applications, but restrict access to high volume users that abuse this free service. We've been able to manage our costs significantly on behalf of our customers as a result. 

We've [developed and shared our approach towards service sustainability](https://polkadot.polkassembly.io/post/1270), with the introduction of a 'Paid API Revenue Share Discount' scheme. In this scheme OnFinality pools the revenue from customers that pay for higher API pricing plans and distributes this revenue pool to partners that currently pay for and own each API endpoint proportionally based on the number of paid API requests that go to that API endpoint. 

Our cost optimisation efforts were validated in Q1 as we had the lowest cost per million responses across all of the major RPC providers that lodged a proposal to the Polkadot treasury. You can see how our costs compared to other RPC providers in the ecosystem during Q1 [here](https://docs.google.com/spreadsheets/d/1Utw2HfS7I5Gpyhrl9ejuj0CrQ4AcChGFteXdw0a8tro/edit#gid=0).

Service Details
===============

During Q2 of 2023, we've made a number of new improvements to our Ultimate API service that address performance/reliability, features, and costs.

Additionally, we are proud to have delivered some key service enhancements that benefit the Polkadot ecosystem in the last quarter. This includes:

-   [Launched Trace API](https://blog.onfinality.io/onfinality-launches-trace-api-for-unprecedented-visibility-into-your-dapps/) allowing unprecedented visibility for dApp builders. Trace API captures and records vital information otherwise not available through regular RPC methods and extrinsics (such as complete XCM transfer records and complete list of balance changes). These APIs are essential in order for [developers like Polkaholic](https://blog.onfinality.io/onfinalitys-new-trace-api-helping-colorful-notion-get-trace-data-from-over-40-substrate-chains/) to parse and understand XCM transactions.

-   [Geographical Insights](https://blog.onfinality.io/onfinality-adds-geolocation-insights-for-dapps-and-api-apps/) - API key owners can view statistics about where in the world your community are to help influence decisions around where to expand infrastructure and to view the effectiveness of regional BD initiatives

-   [Clarify our IP address handling](https://blog.onfinality.io/how-does-onfinality-deal-with-personal-information/) - OnFinality does not, and will never, correlate or link specific wallet addresses to the IP address or request origin making the RPC request

-   Added support for a number of new networks, including Anmol, HydraDX, Equilibrium, as well as Osmosis, Evmos, Harmony, Arbitrum, Optimism, Fuse, DFK Chain, Celo, and Klaytn from outside the ecosystem. OnFinality is a new one stop shop for all of your RPC needs from multiple ecosystems.

-   A variety of improvements to our health metric collection tools and automated recovery scripts to ensure our 99.9% SLA is exceeded.

-   Scale improvements to our team, processes, and systems to allow us to provide this same service to any  substrate team

Our customers are building cross-chain wallets, running some of the largest block explorers, and are indexing multiple networks - they've all benefited from these API access restrictions, improved monitoring, and the larger number of supported Polkadot chains. You can always see live data on our API service on our public [status page](https://status.onfinality.io/).

Costings
--------

OnFinality has been running our high performance infrastructure for the HydraDX community since December 2022 however this proposal only requests reimbursement for combined running costs of our infrastructure for HydraDX in Q2 (April, May, June) 2023.

The total combined running cost is a fixed price of  $620 per month (total USD $1,860). This fixed price is all inclusive for our managed service including monitoring, alerting, support, maintenance such as version upgrades, and our intelligent gateway.

|HydraDX Total (USD)|$1,860.00|
|:----|:----|
|HDX Conversion Rate|US$0.006026|
|Total HDX Due|HDX 308,662.4630|

The HDX conversion rate was retrieved from CoinMarketCap using the 30 day time weighted average price ending on 2023-06-30.

**For more details, read the full report here:** [https://docs.google.com/document/d/1zxV6K3x0EfkN0ZNnTlJZ0W2geXj0zr_ercDUY465RXs/edit?usp=sharing](https://docs.google.com/document/d/1zxV6K3x0EfkN0ZNnTlJZ0W2geXj0zr_ercDUY465RXs/edit?usp=sharing)

OnFinality is a company that helps people set up blockchain infrastructure for their dApps. They manage all the nodes for their users and distribute them across the world to achieve global scalability from day 1. They have made a large number of improvements to their Ultimate API service, focusing on performance/reliability, providing more value from their Ultimate API service, and cost optimization. They have launched Trace API, allowing unprecedented visibility for dApp builders. They have added support for a number of new networks, including Anmol, HydraDX, Equilibrium, as well as Osmosis, Evmos, Harmony, Arbitrum, Optimism, Fuse, DFK Chain, Celo, and Klaytn from outside the ecosystem. They have been running their high-performance infrastructure for the HydraDX community since December 2022, and this proposal only requests reimbursement for combined running costs of their infrastructure for HydraDX in Q2 (April, May, June) 2023.

OnFinality High Performance Public Infrastructure (Q2, 2023)

**Jan 4, 2023 - July 18, 2023**
(28 weeks)

**Tasks:**
Assisting in Community Management throughout all social channels, troubleshooting user issues and concerns. Creating digital assets (custom emojis, stickers, GIFs) for community channels.

**Time:**
(1/4-1/24) 3 weeks * 20 hrs/wk = 60 hrs
(1/25-3/7) 6 weeks * 16 hrs/wk = 96 hrs
(3/8-4/25) 7 weeks * 10 hrs/wk = 70 hrs
(4/26-7/18) 12 weeks * 6 hrs/wk = 72 hrs
TOTAL: 298 hrs

**Tip Requested:**
841,807 HDX
(298 hrs * 20 usd) / 0.00708
0.00708 = 7 day average price from Grafana

**Address:**
7MN4G7gYAJyGAq65PAAy24egt36moqn2NojeRRu8HHLoNqGS

Excited to be a part of this journey, thanks for the continued opportunity 🙏
My apologies for the long overdue submittal.



- A person will be helping with managing a community on social media for 28 weeks.
- They will troubleshoot user issues and create digital assets like emojis and stickers.
- They will work different hours each week, ranging from 6 to 20 hours.
- They will be paid 841,807 HDX for their work.
- The person is grateful for the opportunity and apologizes for submitting their request late.

[Tip Request] Community Management - Dakauaiguy

June Community Management: 216 400 HDX

Avg price from https://app.hydradx.io/#/trade : 0.00737

Avg hours per week in that time: 20h total 80

Details: In the moderation of the Russian community + PM A/Q + translate + social network

Adress: 7K1pDD8VFJafdzFySVEm26GRSNMfaUGknS18F2VEeP2HCXg9


Tip treasury - Vlady- (June)

The winners of our recent DCA competition are:

**Best DCA meme**
We have a tie between 2 entries, and thus will split the 100,000 HDX prize between them equally:

**Greta**  - 50,000 HDX - `7LQFHn2XumNti7S657H38F9rtfajhmF4rG6iGSBZVCEShYnJ` - https://twitter.com/RocketBunnyBoss/status/1670489046114607106?s=20
**Yung Beef 4.2** - 50,000 HDX - `7MYesC9hELWbdCefydppjcNuA5rxaBJdecuFBGHEaNpJ876i` -   https://twitter.com/CryptoCowboyOG/status/1669727111446253571?s=20

**Best DCA user manual**

**Soul Eater** - 100,000 HDX - `7LE38ba3eVcZMH5frguhRLbGhWBuFQEAkssGZnSiV9M46haw` - https://twitter.com/rudayruday/status/1671426568483401728


- A competition was held by SubSquare.
- The competition had two categories: Best DCA meme and Best DCA user manual.
- Two entries won the Best DCA meme category and they will share the prize of 100,000 HDX equally.
- The winner of the Best DCA user manual category is Soul Eater and they won 100,000 HDX.
- The winners' names and wallet addresses were provided along with links to their entries on Twitter.

Meme & user manual competition winners

Period of the contribution: 04+05/2023

Summary:
https://hydradxczsk.substack.com/p/hydradx-mesacny-update-c-2
https://hydradxczsk.substack.com/p/hydradx-mesacny-update-c-3
SK Hydra docs 

Time spent: 50 hrs

Requested tip: 140 785 HDX (20USD / 7D Avg 0,007103 x 50)

Description: Translation 2 newsletters to Slovak language for CZ/SK Hydra community and its distribution in Fb groups (4 hrs) + community work (chats, activity on social media platforms...) 4 hrs + Update and addition of Hydra docs SK version 42 hrs

- Someone spent 50 hours working on a project related to CZ/SK Hydra community.
- They translated 2 newsletters to Slovak language and distributed them in Facebook groups.
- They also did community work such as chatting and being active on social media platforms for 4 hours.
- They spent 42 hours updating and adding Hydra docs in Slovak language.
- They are requesting a tip of 140,785 HDX (which is equivalent to 20 USD) for their work.

[Tip request] Slovak translations for CZ/SK community

May Community Management: 243 440 HDX

Avg price from https://app.hydradx.io/#/trade : 0.006552 

Avg hours per week in that time: 20h total 80

Details: In the moderation of the Russian community + PM A/Q + Broadcasts

Adress: 7K1pDD8VFJafdzFySVEm26GRSNMfaUGknS18F2VEeP2HCXg9


Tip treasury - Vlady- (May)

The following medium article was researched in 10 hours and will function as a base for multiple Twitter threads from influencers in our ecosystem for the concept of eTVL and eLiquidity.

Medium Article: https://medium.com/p/3a03af5c7039

Hours: 10h
HDX requested: 29753 HDX (at $0,006722 per HDX)

Adress: 7L1jebaeGNykbey5gZhZCD4PLVLtjPm5RKpKXRYV4NXsF6TM

Tip Request Crane for creating this extensive article regarding the concepts of eTVL and eLiquidity

<h2>Period of the contribution:</h2>2023/06/01-2023/06/30Summary:Create the HydraDX/Basilisk Chinese community. Participate in the translation/proofreading. Published articles on China's self-media platforms.<h2>Requested tips:</h2>128060HDX&nbsp;in total, of which:<ol><li data-list="ordered">128060HDX (42.9*20/0.0067)&nbsp;- Basic salary of community managers</li><li data-list="ordered">0HDX (0.00001*20/0.0067)&nbsp;-&nbsp;Participate in the translation/proofreading</li><li data-list="ordered">0HDX (0.00001*20/0.0067)&nbsp;- Published articles on China's self-media platforms</li></ol><h2>Description:</h2><h3>Basic salary of community managers</h3>Create&nbsp;<a href="https://t.me/HydraDX_China" rel="noopener noreferrer" target="_blank">the HydraDX/Basilisk Chinese Community</a>&nbsp;in the Telegram and WeChat(At present, daily communication and text AMA are mainly carried out in the WeChat group - 蛇粉总群). Translate official announcements in time and publish them in the community. Answer questions from community members in time. Organize and host a monthly text AMA. Organize a team of community volunteers to complete translation/proofreading tasks in a timely manner (Unfortunately, the main translator has left the translation team due to dissatisfaction with the reward payment amount. Starting from June, I will complete the translation task independently).Salary time interval: June 1-30, a total of 30 days, equivalent to 4.29 weeks. 10 hours per week for a total of&nbsp;42.9&nbsp;hours.<h3>Participated in translation and proofreading</h3>This month, I translated&nbsp;1&nbsp;article and it took&nbsp;0.00001&nbsp;hours.The translated article is:HydraDX Monthly Update #4<h3>Published articles on China's self-media platforms</h3>1 article was published, which took 0.00001hr:<a href="https://mp.weixin.qq.com/s/aAIprrA1ftgcxe7vSqB9TQ" rel="noopener noreferrer" target="_blank">https://mp.weixin.qq.com/s/aAIprrA1ftgcxe7vSqB9TQ</a>&nbsp;Stay hydrated!

1. A person is creating a Chinese community for HydraDX/Basilisk.
2. They will communicate with the community through WeChat and Telegram.
3. They will translate official announcements and answer community questions.
4. They will organize monthly text AMA and complete translation/proofreading tasks.
5. They will receive a basic salary and have published one article on China's self-media platform.

[Tips Request] Chinese Community Manager – June

Hey Hydratooooors,

For the past month, I have been a community manager in two Telegram chats related to HydraDX and Basilisk in the Russian-speaking community as well as highly engaged in creating HydraDX related content and publishing it on Twitter and Telegram.

**Period of contribution:** 2023/01/06-2023/01/07 (1 months)

**Breakdown of my duties and contributions as a HydraDX community manager:**

- Answering frequently asked questions
- Translating all official announcements and passing on important information to community members
- Encouraging the community to participate in governance
- Announcing all recent updates and alpha that I find on HydraDX twitter or EN community
- Dealing with FUD and false allegations related to HydraDX & Basilisk
- Twitter engagement related to HydraDX social media and updates  
- Creating HydraDX educational content and promoting it on Twitter and Telegram. 

**Requested tips:**  
Average hours per week for community moderation and content creation: 20 hours  
Total hours for 1 month: 4 weeks * 20 = 80 hours  

The last 7 days' average price from Grafana: 0,0070357  

228 832 HDX (80 * 20/0,0070357) - Basic salary of community managers + content creation
Total HDX requested: 227 411 HDX

Cheers Hydratooooors!

HydraDX is a digital platform where people can trade and exchange different types of currency. 

A person named SubSquare helped manage the HydraDX community for a month. 

SubSquare answered questions, translated announcements, encouraged people to participate, and dealt with false information. 

They also created educational content and promoted it on Twitter and Telegram. 

SubSquare worked for 20 hours a week for a month and is requesting payment in HDX currency.

[Tip request] JOHNM Community Manager + Content creation June 

 5 April- 28 June: 1074620 HDX- Comunnity Manneging

Use the Last 7 Days avg price from Grafana : 0.0067
Avg hours per week in that time: 30h

Details: In the moderation of the community, I was present answering the doubts, HydraDX groups, telegram and discord.

Thanks to the team for letting me be part of this great project, we hope we continue to grow and progress.

Adress: 7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec

Tip treasury - Jose Crypto- (April-June)

April Community Management: 225 372 HDX

Avg price from https://app.hydradx.io/#/trade : 0.007131

Avg hours per week in that time: 20h total 80

Details: In the moderation of the Russian community + PM A/Q + Broadcasts

Adress: 7K1pDD8VFJafdzFySVEm26GRSNMfaUGknS18F2VEeP2HCXg9


Tip treasury - Vlady- (April)

Period of the contribution: 2023/5/01-2023/5/31

Summary: English to Chinese translation

Requested tip:23098.6HDX (8.2*20/0.0071=23098.6， 7d Ma price on 2023-6-01 ,from Kraken : 0.0071)

Time spent: 8.2hr

Description:
The translated articles are as follows:
1. [Hydradx-monthly-update-2](https://mp.weixin.qq.com/s/UAbZFvVxUIruBu3okU5xMQ)
![](https://s3.bmp.ovh/imgs/2023/06/01/af9d53037748f31f.png)
Stay hydrated! 
Bullish on HydraDX ！
Keep building ！


[Tips Request] English to Chinese translation

# 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

<h1>Period of the contribution:</h1>2023/05/01-2023/05/31<h1>Summary:</h1>Create the HydraDX/Basilisk Chinese community. Participate in the translation/proofreading. Published articles on China's self-media platforms.<h1>Requested tips:</h1>124789HDX in total, of which:<ol><li data-list="bullet">124789HDX (44.3*20/0.0071) - Basic salary of community managers</li><li data-list="bullet">0HDX (4*20/0.0071) - Participate in the translation/proofreading</li><li data-list="bullet">0HDX (2*20/0.0048) - Published articles on China's self-media platforms</li></ol><h1>Description:</h1><h2>Basic salary of community managers</h2>Create&nbsp;<a href="https://t.me/HydraDX_China" rel="noopener noreferrer" target="_blank">the HydraDX/Basilisk Chinese Community</a>&nbsp;in the Telegram/ WeChat group - 蛇粉总群 (At present, daily communication and text AMA are mainly carried out in the WeChat group). Translate official announcements in time and publish them in the community. Answer questions from community members in time. Organize and host a monthly text AMA. Organize a team of community volunteers to complete translation/proofreading tasks in a timely manner.Salary time interval: May 1-31, a total of 30 days, equivalent to 4.43 weeks. 10 hours per week for a total of&nbsp;44.3&nbsp;hours.<h2>Participated in translation and proofreading</h2>This month, I proofread 1 article and it took 4 hours.The proofread article is: <ol><li data-list="bullet"><a href="https://mp.weixin.qq.com/s/UAbZFvVxUIruBu3okU5xMQ" rel="noopener noreferrer" target="_blank">HydraDX Monthly Update #3</a></li></ol><img src="https://s3.bmp.ovh/imgs/2023/06/02/4e6e173c82b08136.jpg"><h2>Published articles on China's self-media platforms.</h2>1 article was published, which took 2hr:<a href="https://mp.weixin.qq.com/s/UAbZFvVxUIruBu3okU5xMQ" rel="noopener noreferrer" target="_blank">https://mp.weixin.qq.com/s/UAbZFvVxUIruBu3okU5xMQ</a>&nbsp;Stay hydrated!

- A community for HydraDX/Basilisk is being created in China.
- The community managers will translate official announcements and answer questions from members.
- There will be a monthly Q&A session and a team of volunteers will help with translation and proofreading.
- The community manager will be paid a basic salary for 44.3 hours of work per month.
- One article was proofread and one article was published on Chinese self-media platforms.

[Tips Request] Chinese Community Manager – May

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

Hey Hydratooooors,

For the past two months, I have been a community manager in two Telegram chats related to HydraDX and Basilisk in the Russian-speaking community.

**Period of contribution:** 2023/01/04-2023/01/06 (2 months)

**Breakdown of my duties and contributions as a HydraDX community manager:**
- Answering frequently asked questions
- Translating all official announcements and passing on important information to community members
- Encouraging the community to participate in governance
- Announcing all recent updates and alpha that I find on HydraDX twitter or EN community
- Dealing with FUD and false allegations related to HydraDX & Basilisk
- Twitter engagement related to HydraDX social media and updates
**Translated articles:**
HydraDX Monthly #3 https://link.medium.com/AAyKfWHbeAb


**Requested tips:**
Average hours per week for community moderation: 10 hours
Total hours for 2 months: 8 weeks * 10 = 80 hours
Average hours per translated article: 1,5 hours
Total hours for 1 article: 1,5 hours

The last 7 days' average price from Grafana: 0,006992
228 832 HDX (80 * 20/0,006992) - Basic salary of community managers for two months
4290 HDX (1,5 * 20/0.007131) - Translation of the official articles
Total HDX requested: 233 122 HDX

Cheers Hydratooooors!

HydraDX is a community that has a community manager who helps people with their questions and concerns. They also translate official announcements and important information for the community. The manager encourages people to participate in governance and announces updates related to HydraDX on social media. They also deal with false information and rumors about HydraDX. The manager spends around 10 hours per week on community moderation and 1.5 hours per translated article. They are requesting 233,122 HDX for their work.

[Tip request] JOHNM Community Manager April-May + Translation

Hi everyone, I'm Alberto from Moonbeam 👋

We're thrilled to announce that Moonbeam and HydraDX will soon be linked via XCM. While the initial and fundamental application of XCM channels enables the seamless transfer of HDX and GLMR tokens between parachains, there are a plethora of other exciting opportunities that XCM channels offer.

So, let's dive into these new possibilities. **How will Moonbeam and HydraDX benefit from this connection?**

We envision a future where multiple blockchain chains coexist and interact freely. However, the current state of this multi-chain future is riddled with friction and intricate processes that may deter users. We want to break down these barriers and unlock the full potential of cross-chain composability, creating seamless experiences where blockchain serves as a simple, yet decentralized and censorship-resistant backend.

In pursuit of this goal, we've concentrated on developing  [Connected Contracts](https://moonbeam.network/builders/connected-contracts/). This concept suggests that decentralized applications (dApps) should be inherently multi-chain aware, simplifying cross-chain interactions for users. An example of this strategy is the role Moonbeam plays as a "Port of Call".

Under this structure, Moonbeam can serve as the EVM gateway that facilitates interaction between external ecosystems and Polkadot parachains. One immediate use case is the ability to channel liquidity from external ecosystems such as Ethereum, Avalanche, and Polygon, to a parachain project like HydraDX. The XCM channel between Moonbeam and HydraDX will facilitate the flow of liquidity from all GMP protocols integrated with Moonbeam (such as Axelar, LayerZero, Wormhole, Multichain, Hyperlane) to HydraDX and its Omnipool.

We're also placing a strong emphasis on user experience. The future direction for Polkadot involves a design where users can manage accounts on other parachains remotely via XCM in a trustless manner, a feature often referred to as "remote origins". This implies that HydraDX users will have the capability to engage with Smart Contracts on Moonbeam directly from HydraDX, bypassing the need for complex "hops" 🤯!

But this is just the tip of the iceberg. Although I don't claim to be an expert on HydraDX, it's intriguing to speculate about the potential to represent LRNA as an ERC-20 on Moonbeam. Could we possibly create an XC-20 token representation to leverage additional services within the Moonbeam ecosystem? If I've misinterpreted something, feel free to roast me on the comments 😁

Moonbeam and HydraDX will soon be linked via XCM, which will allow for seamless transfer of HDX and GLMR tokens between parachains. 

The connection will break down barriers and unlock the full potential of cross-chain composability, creating seamless experiences where blockchain serves as a simple, yet decentralized and censorship-resistant backend. 

Moonbeam will serve as the EVM gateway that facilitates interaction between external ecosystems and Polkadot parachains. 

The XCM channel between Moonbeam and HydraDX will facilitate the flow of liquidity from all GMP protocols integrated with Moonbeam to HydraDX and its Omnipool. 

HydraDX users will have the capability to engage with Smart Contracts on Moonbeam directly from HydraDX, bypassing the need for complex "hops".

Moonbeam & HydraDX XCM Integration

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.

Discussions