Enacted previously approved [referendum #84](https://hydradx.subsquare.io/democracy/referenda/84).

The parameters are:

- Mint 50,000,000 HDX bonds with maturity at 2:22:22 on 24th October 2024 (~1 year) using HDX from the Treasury (to be replaced at a later date from the growth portion of HDX supply)
- Distribute those HDX bonds to accumulate DOT protocol owned liquidity (POL) via an LBP
- Initial DOT liquidity of 10,857 DOT to seed LBP to be taken from Treasury and returned when the event concludes
- Start trading at +22% premium to the spot price of HDX at the time that the referendum is put on-chain
- LBP to run for 24 hours
- LBP starting weights set to 85% HDX Bonds 15% DOT
- LBP finishing weights set to 40% HDX Bonds 60% DOT
- LBP swap fee (fee applied when selling HDX bonds back into LBP) set to 2%

Here's a summary of the SubSquare post content:

- A referendum (#84) has been approved.
- 50,000,000 HDX bonds will be created and mature on 24th October 2024.
- The bonds will be created using HDX from the Treasury.
- The bonds will be distributed to accumulate DOT protocol owned liquidity via an LBP.
- The LBP will run for 24 hours and start trading at +22% premium to the spot price of HDX.

proposal

#116·Launch bonds