- A referendum is being proposed.
- The referendum will change some rules for a platform called Omnipool.
- The changes will allow more money to be added to Omnipool.
- Some positions will be sacrificed to make these changes.
- The changes will be temporary at first, but will be adjusted later.

TVL Cap Increase, Asset Weight Cap Changes & Add Moar ETH & DAI

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Bridge initial WBTC liquidity and more ETH & DAI to the parachain treasury

- HydraDX-node released a new version to fix a problem in the HubAssetImbalance configuration.
- The Protocol Fee is paid in LRNA, and it is supposed to bring the HubAssetImbalance back to 0.
- Due to a misconfiguration, the Protocol Fee was moving the HubAssetImbalance further from 0.
- The new release will reset the HubAssetImbalance to 0 and fix the misconfiguration.
- This fix will not affect past trades or provided liquidity.

Adjustment to LRNA Imbalance Mechanism (Runtime upgrade to v15.1.2)

Add ETH to Omnipool, TVL & Weight Cap Adjustments & HRMP Cancel

Bridge initial ETH liquidity and more DAI to the parachain treasury

- HydraDX launched Omnipool 11 days ago in a phased approach to monitor and adjust its performance.
- They want to adjust one of the Omnipool parameters related to LRNA stabilization mechanisms to reduce IL for LPs over time.
- The current HubAssetImbalance is burning too much LRNA, so they want to reduce the amount burned and reset it to zero.
- These changes will not affect past trades or provided liquidity.
- There is a new runtime upgrade to v15.1.1.

Proposal to Adjust the LRNA Imbalance Mechanism (Runtime upgrade to v15.1.1)

Send HRMP Channel Open Request to Phala

- HydraDX is a protocol that plans to diversify and deploy its owned liquidity in Q1 2023.
- The plan includes swapping DAI into different cryptocurrencies like ETH, WBTC, iBTC, USDC, and USDT.
- The community will vote on the mechanisms to swap DAI into iBTC, USDC, and USDT.
- The plan also includes deploying HDX from the HydraDX Treasury into the Omnipool.
- The framework has been approved by all holders of HDX after a democratic vote.

POL Diversification and Deployment (Q1 2023)

Increase Omnipool TVL Cap to $500,000

Upgrade runtime to the v15.1

Launch Omnipool faster

Launch Omnipool

Bridge initial DAI liquidity to the parachain treasury

Upgrade runtime to the v15

Contribute and Get Rewarded

Omnipool Initial Parameters

Move 1 DAI from HydraDX Sovereign account on Acala [Take 2]

Move 1 DAI from HydraDX Sovereign account on Acala

HDX Supply Reduction

Request HRMP channels with Astar, Moonbeam & Interlay

Redistribution of Basilisk Crowdloan HDX rewards [Bifrost]

Upgrade runtime to the v14

Opening HRMP channel with Acala

Request to open an HRMP channel with Statemint

Distribute Parallel Finance crowdloan rewards to individuals

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Democracy External Proposals