- 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

[Tips Request] English to Chinese translation

PrivaDEX is a cross-chain DEX aggregator on Polkadot that allows users to swap tokens from/to any Omnipool token to/from any token on Moonbeam, Astar, and Polkadot relay in one click. They have added support for HydraDX Omnipool, which is their first Substrate DEX. PrivaDEX has been developing in Polkadot for the past 7 months and received a level 3 Web3 grant to build an MVP DEX aggregator. They put in 185 hours of development work over the course of 3.5 weeks to integrate Omnipool support. They added over 3700 lines of code to their code base and added several technical components to support HydraDX-specific constants and configurations, construct HydraDX-specific pallet calls, detect and parse completed HydraDX extrinsics, and add configurable extrinsic signature encoding. They have requested 1,640,000 HDX ($7,400 USD) for their development work, which has been discounted from similar Polkadot treasury requests. They have updated their request to 40% of the original one.

[Tip Request] Integrating Omnipool into PrivaDEX’s DEX aggregator

- A person is creating a community for HydraDX/Basilisk in China.
- They will translate official announcements and answer questions from community members.
- They will also organize a team of volunteers to help with translation and proofreading.
- They will be paid a total of 216959HDX for their work.
- They have published articles on Chinese media platforms and translated a video.

[Tips Request] Chinese Community Manager – Apr

For a second-grade student:
- HydraDX Protocol finished a plan to diversify their money.
- They had 22,473,297 DAI worth of POL at the start of Q1.
- They used some of the money to buy different types of cryptocurrency.
- They have 6,828,277 DAI left to use.
- They made a plan to buy more cryptocurrency and put it in different places.

POL Diversification and Deployment (Q2+ 2023)

Tip treasury - Jose Crypto- (February-April)

HydraDX is a project that has a community manager who helps people in two Telegram chats. 

The community manager's job is to answer questions, translate important information, encourage people to participate in governance, announce updates, and deal with false information. 

The community manager worked for 40 hours in one month and spent 1.5 hours translating an article. 

The community manager is requesting 201,114 HDX, which is a type of currency used in HydraDX. 

The community manager's work helps people stay informed about HydraDX and Basilisk and helps prevent false information from spreading.

[Tips Request] JOHNM Community Manager: March + translation

- HydraDX community approved funding for 2 years' development of HydraDX protocol
- Funding can be distributed in tranches of up to 6 months' runway (1.25M DAI) by the HydraDX Council
- Full 5M DAI resides in a Council-controlled Gnosis multisig on Ethereum
- Request for first tranche of funding of 1,250,000 DAI to be distributed to the Intergalactic Limited multisig
- Funding will be used for development and audits during the next 6 months.

Intergalactic Limited 6 months development funding - first tranche

- Someone is creating a community for HydraDX/Basilisk in China
- They will translate official announcements and answer questions from community members
- They will also organize a team of volunteers to help with translation and proofreading
- They will earn a salary for their work, which includes basic pay and pay for translation/proofreading and publishing articles
- They published 3 articles on Chinese media platforms and reposted them 3 times.

[Tips Request] Chinese Community Manager – Mar

- A person spent 14.3 hours translating articles from English to Chinese.
- The articles are about security updates and monthly updates for HydraDX.
- The person was paid 62173.91 HDX for their work.
- The payment was calculated based on the price of HDX on Kraken on April 3, 2023.
- The post ends with the message "Stay hydrated!"

Tip treasury - Vlady- (March)

[Tip request] Slovak translations for CZ/SK community

[Tips Request] Community Management (22/11/19 - 23/03/19)

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

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.

User-related data analytics tool proposal for HydraDX 📊📈

- Nodle is a company that wants to connect the physical world with the internet.
- They have a mobile app with around 30,000 daily active users.
- Nodle wants to work with HydraDX to create an XCM channel.
- They believe that systems like HydraDX will be important to bring more smartphones to Web3.
- Garrett Kinsman is one of the co-founders of Nodle and he wants to hear what people think about their vision.

Nodle on HydraDX

1. They are discussing whether to add more HDX liquidity to the Omnipool using protocol owned funds.
2. Adding more HDX liquidity may prevent the community from adding their own HDX LP.
3. Adding more HDX liquidity may increase the value of HDX compared to other assets, benefiting all HDX holders.
4. Adding more HDX liquidity may reduce the amount of LRNA sold back to the Omnipool, which has complicated implications.
5. Adding more HDX liquidity may reduce the price impact on HDX trades, making the Omnipool more attractive to traders.

Should we add POL HDX LP if it temporarily prevents community HDX LP?

HydraDX is a technology that has a community manager who helps answer questions and translate important information for the Russian-speaking community. 

The community manager's duties include answering questions, translating announcements, encouraging community participation, announcing updates, and dealing with false information. 

The community manager has translated three articles and spent 80 hours working over two months. 

They are requesting 257,739 HDX for their work, which includes a basic salary and translation fees. 

The price of HDX is important to calculate the amount requested.

[Tips Request] JOHNM Community Manager: January – February + content creation and translations

- A person wants to create a community for HydraDX/Basilisk in China.
- They will translate official announcements and answer questions from community members.
- They will also organize a team of volunteers to help with translation and proofreading.
- They will be paid 112,290 HDX in total for their work.
- They proofread one article and published one article on a Chinese media platform.

[Tips Request] Chinese Community Manager – Feb

- Someone spent 9.2 hours translating articles from English to Chinese.
- The articles are about HydraDX, a platform that rewards contributions.
- The translated articles are available to read online.
- The person who did the translation was paid 24210.53 HDX tokens.
- The post ends with the phrase "Stay hydrated!"

1. A company called cardinate wants to provide a service to the HydraDX network.
2. They have been working in IT since 2001 and have experience with Linux systems and data centers.
3. They have their own autonomous system and data center infrastructure in Europe.
4. They support the decentralized approach of the HydraDX network.
5. They will provide their API services for free for the first 4 months and then propose a fair market cost for the service.

cardinate - Request as API node service provider for Basilisk & HydraDX network

The Future is Hydrated

- Bifrost.Finance is a platform that provides cross-chain liquid derivatives for staked assets.
- Bifrost aims to offer a seamless staking and DeFi experience for PoS users and enable developers to build innovative applications around Bifrost's liquid staking derivatives.
- Bifrost has launched liquid staking derivatives for staked KSM, ETH, DOT, MOVR, GLMR, and BNC.
- Bifrost proposes to open a bi-directional HRMP channel and add the BNC token and other Bifrost assets to HydraDX.
- The collaboration between Bifrost and HydraDX will address the conflict between staking rewards and DeFi interest and solve for liquidity and capital inefficiency.

Discussions