Voted Nay as I believe HDX to be a better hodl value than DOT for POL. 

Voted Nay. 

If we feel the need to diversify into assets with less upside (DOT), I would rather do it at market price via DCA or OTC than give away precious HDX at a discount. 

Alternatively, set a ceiling and wait for whales to break it. Once the ceiling starts getting thin, people get excited and FOMO. 

Selling HDX now (and at a discount) is betting that HDX appreciates in value slower than DOT. Does anyone believe this? 

Am I missing something? Is there an important vote coming up that we need DOT for? Why not distribute the HDX more fairly over a longer time period? 

Additionally, these bond sales:
- disincentivise governance by encouraging opportunists to keep HDX sellable before any bond sale. 
- are going to benefit a small privileged segment of people who are mostly already HDX enthusiasts/team/council. These will be people who are free to track prices during the 36 hour window or who have a bot to do it for them. These people are not actually doing much to contribute to the protocol but are being rewarded anyway. 

This proposal aims to prepare for the **second bonds event** kicking off on **4th January 2024**.

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 and launch of LBP event. 22M HDX bonds, maturity 04-01-2025, starting price +22% premium to spot when proposal is on-chain, accumulating DOT over a 36h event, starting weights HDX 85 DOT 15, ending weights HDX 40 DOT 60, 2% swap fee.`

The proposed parameters are:

* Mint 22,000,000 HDX bonds with maturity at 2:22:22 on 4th January 2025 (~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 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 36 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%

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.

#132·Second bonds event