- The proposal is about upgrading the runtime to a newer version called `v23.0.0`.
- The upgrade will include new features like allowing router execution in XCM transact, XCM rate limiter integration, and dynamic fees.
- There were 11 changes made in total, including the ones mentioned above.
- The proposal was made by some people with usernames like Roznovjak, apopiak, and mrq1911.
- You can find more information about the changes in the release notes at the provided link.

proposalHash

votingPeriod

delay

Authorize upgrade to runtime release v23.0.0

- The proposal will make some changes to Omnipool.
- It will remove some tokens from Omnipool.
- It will create a new stableswap pool called "2-Pool".
- The new pool will have two tokens, iBTC and WBTC.
- The new pool shares will be added as a tradable asset in Omnipool.

Launch WBTC<>iBTC 2-Pool

HRMP channel open request to Manta Network

Withdraw LBP Liquidity & transfer DOT for staking

Schedule daily claims for HDX staker referral fees

HydraDX is making some changes to their system which will help bring more people to use it. These changes include:

- Upgrading to a new version of their system called `v22`
- Creating a way for people to refer others to use HydraDX and earn rewards for doing so
- Changing the way fees are collected so that some of the money goes towards the referral program
- The goal is to get more people to use HydraDX and make it even better!

Authorize runtime upgrade & on-chain remark

DCA 350,000 DAI for DOT

- HDX bonds will be created and given to people who provide liquidity to DOT protocol.
- The HDX bonds will be created using HDX from the Treasury.
- The event will start on 4th January 2025 and last for about a year.
- The LBP will run for 36 hours and the start and end times are given.
- The LBP swap fee will be 2%.

Launch second bonds event

Accept & send HRMP channel open request to Nodle

Add PHA to Omnipool

SubSquare is proposing to launch a new event called the "second bonds event" on January 4th, 2024.

The proposal suggests creating 22 million HDX bonds with a maturity date of January 4th, 2025.

The bonds will be distributed to accumulate DOT protocol owned liquidity via an LBP.

The LBP will run for 36 hours, starting with 85% HDX bonds and 15% DOT, and ending with 40% HDX bonds and 60% DOT.

The bonds will start trading at a 22% premium to the spot price of HDX at the time the referendum is put on-chain, and there will be a 2% swap fee.

Second bonds event

- The proposal is about upgrading to release `v21.2` - runtime version `hydradx/196`.
- This upgrade will allow for a wider range of dynamic fees before the launch of referral fees.
- The initial parameters for AssetFee and ProtocolFee are given.
- The new parameters for AssetFee are Min - `0.25%`, Max - `5%`, Decay - `0.001%`, and Amplification - `2`.
- The ProtocolFee parameters remain unchanged.

Authorize upgrade to release v21.2

Authorize upgrade to v21.1.1

DCA 150,000 DAI for DOT

Here is a summary of the SubSquare post:

- WBTC and iBTC will not be available for adding liquidity.
- This is to prepare for the launch of the WBTC <> iBTC 2-Pool.
- If you have WBTC or iBTC, please remove them from the Omnipool.
- Acala (Wormhole) assets will be removed from HydraDX.
- The remaining Treasury assets will be swapped with the Moonbeam Routed Liquidity equivalent.

Update tradability & OTC orders

Accept & open HRMP channel with Unique parachain

HydraDX wants to move `118,000 DOT` to a Pure Proxy created for referendum #90 and set the multisig as `STAKING PROXY` and `GOVERNANCE PROXY` to the same Pure Proxy. The Pure Proxy will hold `218,000 DOT` from HydraDX POL, allowing the multisig to stake and earn staking rewards with the remaining `188,000 DOT`. The staking rewards will be distributed to a second Pure Proxy `14kovW62mmGZBRvbNT1w5J7m9SQskd5JTRTLKZLpkpjmZBJ8`. These DOT are not being removed from the Omnipool and were recently secured for the second parachain lease period.

Transfer DOT from Treasury & prepare to stake

Here is a summary of the SubSquare post content:

- HydraDX is moving all its POL away from Wormhole (Acala).
- This proposal is the second last step in the process.
- The final step will happen after this referendum.
- The proposal will remove all remaining LPs and previously "sacrificed" POL positions.
- It will also update tradable state to frozen and remove tokens and transfer to Treasury for four assets.

Remove 4 assets from Omnipool

Here are 5 important points about the upgrade to runtime version `hydradx/193` - release `v21.0.0`:

- The upgrade will add EVM support to the runtime, which is a new feature.
- The upgrade will also add support for XYK in DCA and an on-chain router.
- The upgrade will remove the tvl cap from omnipool, which is an essential step for removing Acala Wormhole assets from the Omnipool.
- The upgrade will include a new module called evm-utility from acala.
- The upgrade will also fix some bugs and refactor some code. 

You can find more information about this upgrade on the [HydraDX-node GitHub page](https://github.com/galacticcouncil/HydraDX-node/releases/tag/v21.0.0).

Upgrade runtime to release v21.0.0

- The proposal wants to add PHA as a tradeable asset in the Omnipool.
- The proposal needs approval from HDX holders.
- The proposal wants to fast-track the addToken referendum to avoid price manipulation.
- The proposal has previously fast-tracked similar referenda.
- Adding PHA to the Omnipool will happen later, after the proposal is approved.

On-chain remark (add PHA to Omnipool)

- A new Pure Proxy has been set up on the Polkadot Relay Chain.
- A multisig was created with six Council members as signers.
- The multisig is assigned as AUCTION PROXY to the Pure Proxy, with Parachain 2034 (HydraDX) as ANY PROXY.
- The multisig will be able to bid on parachain auctions using the funds in the Pure Proxy.
- 100,000 DOT from the HydraDX Treasury will be transferred to the Pure Proxy address if the proposal is approved.

Transfer 100,000 DOT for parachain auction bidding

Accept & send HRMP channel open request to Subsocial

- The post talks about removing some assets from a platform called Omnipool.
- The assets that will be removed are WBTC, WETH, and DAI.
- DAI will still be available through Stablepool.
- People who have invested in the assets that will be removed should remove their positions as they will no longer be earning trading fees.
- Liquidity positions of WETH and DAI will also be removed.

Update tradability & remove LPs

Add INTR to Omnipool

SubSquare has proposed some changes to the HydraDX network. Here's what they want to do:

- Take some money back from recent bond sales and give it back to the Treasury.
- Remove some DAI (MRL) LP from the Omnipool.
- Create two orders to trade DAI for other cryptocurrencies.
- Stop people from buying or selling DAI (MRL) [`18`] for a little while.
- Allow an upgrade to the HydraDX network.

Democracy External Proposals