Ahead of THE GREAT DOT UNLOCK happening on October 24th - this proposal aims to coincide the launch of HydraDX Bonds with this crucial event. The first HydraDX Bond event will accumulate DOT as protocol owned liquidity (POL) - targeting DOT that is unlocking from the first batch of crowdloans.
As with any new Omnipool token launch, price sensitivity requires that Bonds creation and launch of LBP event are fast-tracked through governance - this proposal seeks approval from HDX holders for fast-tracking the launch referendum, by placing the following on-chain remark:
Fast-track referendum for Bonds creation & launch of LBP event. 50M HDX bonds, maturity 24-10-2024, starting price +22% premium to spot when proposal is on-chain, accumulating DOT over a 24h event, starting weights HDX 85 DOT 15, ending weights HDX 40 DOT 60, 2% swap fee.
The proposed parameters are:
it would be good if the people who vote nay, comment about why