Impressed by the performance of the first Bifrost Treasury deposit of 700k BNC into the Omnipool, the Bifrost community have voted to deposit another 1.25M BNC ($540.5k).
vote: https://bifrost.subsquare.io/democracy/referenda/122
discussion: https://bifrost.subsquare.io/posts/44
Bifrost governance transferred the 1.25M into the Bifrost sibling acct on the HydraDX chain and this proposal will deposit it for them into the Omnipool, with the LP NFT then being held in the Bifrost sibling acct in case the Bifrost community ever decide to remove their liquidity.
https://app.hydradx.io/wallet/assets?account=5Eg2fntQ2mVKASYGt9C6VMXxED5v7aN7NR7WdwWPv5YrEjkb
This will bring the total Bifrost Treasury deposit to 1.95M BNC ($843,180) and total BNC Omnipool liquidity will increase to $858,803. This deposit increases by 2.5x possible trade sizes, allowing trades of 32.6k BNC ($14.1k) before 2% slippage. If you're a whale and want to trade even more, use the Hydra "DCA" feature to automate your purchase in small chunks.
Special thanks to SupDup44 (Thomas) from the Bifrost team who gathered support from the Bifrost team!
.
Edited