Great to see the addition of iBTC based on community feedback during the discussion stage!

[@Leemo](7Hsq5RH9xUtPWFZMGXtoVWNd4CEjpJWsidf7bcGwNwdxp9Ha-hydradx) agree, is a start amount of iBTC, until now in other dexes, the max amount of liquidty is about 17.5 iBTC, so is close to that amount, and can compare  the efficiency of the Omnipool

as a heavy Interlay user, I'm really excited to see their decentralized iBTC being added to the pool. I've definitely shied away from WBTC on Moonriver after the Nomad hack took down Moonbeam WBTC. Thanks for adding it to the plan for more diversification!

Users are eager to provide their HDX into the pool, I thus support the deployement of "only" 250k worth of hdx by the team. 
The rest of the plan is also beautiful and I'm impatient to see it unfold. 

**This referendum, if passed, will place the following on-chain remark:**

*https://gateway.pinata.cloud/ipfs/QmaxqsF5ecSj6RSc48AYf9zZCXCntoAYGPLuHAnAhtWtYj*

---

**The on-chain remark links to an externally stored .md file with the following content, which is the output from two recent governance discussions https://hydradx.subsquare.io/post/33 https://hydradx.subsquare.io/post/34 :**

# POL Diversification and Deployment (Q1 2023)

This framework authorizes and mandates the HydraDX Council to diversify and/ or deploy up to 10.15M DAI of the HydraDX protocol owned liquidity (POL) during Q1 2023 as follows:

### ETH

- Swap up to 2.2M DAI into ETH using an Ethereum-based DEX;
- Bridge the amount to Acala using Wormhole, transfer via XCM to the HydraDX Treasury account;
- Deploy the amount into the Omnipool.

### WBTC

- Swap up to 1.1M DAI into WBTC using an Ethereum-based DEX;
- Bridge the amount to Acala using Wormhole, transfer via XCM to the HydraDX Treasury account;
- Deploy the amount into the Omnipool.

### iBTC

- Explore mechanisms to swap up to 250k DAI into iBTC. The mechanism will be voted by the community prior to execution;
- Deploy the amount into the Omnipool.

### USDC (native)

- Explore mechanisms to swap up to 2.2M DAI into native USDC. The mechanism will be voted by the community prior to execution;
- Deploy the amount into the Omnipool.

### USDT (native)

- Explore mechanisms to swap up to 2.2M DAI into native USDT. The mechanism will be voted by the community prior to execution;
- Deploy the amount into the Omnipool.

### DAI

- Bridge up to 2.2M DAI to Acala using Wormhole, transfer via XCM to the HydraDX Treasury account;
- Deploy the amount into the Omnipool.

---

## Non-DAI POL

### HDX

- Deploy up to $250k worth of HDX from the HydraDX Treasury into the Omnipool

---

The present framework has undergone a discussion on the governance forum of the HydraDX Protocol and has been approved in a general democratic vote by all holders of HDX.

- 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.

#43·POL Diversification and Deployment (Q1 2023)

POL Diversification and Deployment (Q1 2023)

ETH

WBTC

iBTC

USDC (native)

USDT (native)

DAI

Non-DAI POL

HDX