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general_admin

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Making dogwifdots (WIFD) a sufficient asset on Hydration

1. HydraDX is proposing to integrate DIA oracles into their on-chain money market.
2. DIA is a cross-chain oracle provider that sources data directly from exchanges, providing transparency and customization.
3. DIA's oracles can support over 2,500 cryptocurrencies and can create tailor-made data feeds.
4. The integration will expand the range of supported assets on the HydraDX network, especially for Polkadot-native assets.
5. The integration entails a one-time integration fee of $19,887.50 in HDX and a monthly cost of $3,762.50 in HDX for 24 months.

Integration of DIA Oracles for the HydraDX Money Market

- Two new tokens (LINK & SKY) are now ready for trading.  
- This plan will buy LINK and SKY using USDT over 3 weeks.  
- For LINK: $100,000 USDT will be spent, buying a little every 5 minutes.  
- For SKY: $100,000 USDT will be spent, buying a little every 5 minutes.  
- After buying, the tokens will be added to the Omnipool for trading.  
- This helps make Hydration’s markets bigger and better.

Deciding

Initiate DCAs for LINK & SKY

1 month top-up for Polkadot Hydration farms

Executed

Cancels ref #68 due to wrong track

Cancelled

Wrong track, vote NAY

- LINK will start trading in the Omnipool at $13.32.  
- The starting price is 0.6498 H2O (H2O is $20.50).  
- LINK can only make up 3% of the pool.  
- The Hydration Treasury will control the LINK in the pool.  
- 8,132 LINK (~$110,716) is already ready for trading.  
- More LINK (worth $100,000) will be bought later.  
- This plan was approved in referendum #42.

Add LINK to Omnipool

- SKY will start trading in the Omnipool at a price of 0.002818 H2O.  
- If H2O is $20.50, SKY will be $0.058.  
- SKY will have a 3% weight cap in the pool.  
- The Hydration Treasury will own the position.  
- Initial liquidity is 1,813,843 SKY (~$105,203).  
- More liquidity (100,000 USDT) will be added later.  
- This follows referendum #42.

Add SKY to Omnipool

Refund cost of 2 weeks of vDOT oracle updates

- Bifrost sends vDOT/DOT prices using XCM.  
- It costs about 2200 HDX in fees.  
- This proposal pays for 222 days of fees.  
- After 222 days, we'll find a better way to fund it.  
- The price helps keep GDOT balanced with DOT and vDOT.  
- It will also be used for vDOT borrowing soon.  
- All fees go back to the treasury.  
- Bifrost covers their own fees.

vDOT oracle update fees for 222 days

HDX buyback with Treasury H2O - Tranche 5

- Increase DOT supply limit to 22,222,222  
- Increase DOT borrow limit to 6,000,000  
- Helps meet demand from GIGADOT  
- Prepares for possible 8,000,000 DOT from Polkadot Treasury  
- Changes made through special EVM calls  
- Uses Aave manager for updates  
- No extra fees for these changes

Raise DOT Supply & Borrow caps

Awarded

Hydration

referenda10

treasury2

discussions2