HydraDX wants to transfer 60,000 DOT to a Pure Proxy on the Polkadot Relay Chain. This will ensure that the protocol has enough DOT to pay for Polkadot Coretime in the future. The HydraDX Council will stake these DOTs. Staking rewards will be distributed to a second Pure Proxy on Polkadot. These DOT are not being removed from the Omnipool. Referendum #43 approved 1.33M DAI to be diversified into DOT for the second parachain lease period. HydraDX recently secured a slot for 30,000 DOT and therefore these DOT are not currently allocated to a specific purpose.

Transfer DOT from HydraDX Treasury and Stake on Polkadot Relay Chain

- The proposal will remove all USDT positions from the Omnipool.
- The proposal will create a new stableswap pool called `2-Pool-Stbl`.
- The new stableswap pool will have USDT and USDC tokens in it.
- The proposal will add liquidity to the new stableswap pool.
- The new stableswap pool shares will be added as a tradable asset in Omnipool.

LAUNCH NATIVE USDC/ USDT 2-POOL

Accept & Send HRMP channel open requests and add CRU

- 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.

Authorize upgrade to runtime release v23.0.0

SubSquare is testing a proposal and wants to make sure it doesn't harm anything. 
The proposal raises the asset cap on currency 0 (HDX) to 20% and has the treasury add a small amount of HDX LP. 
The cap is then lowered back to 2%. 
SubSquare plans to increase the POL HDX LP amount in a future proposal and is asking for feedback on how much to add.

Governance Test - for adding additional POL HDX LP

HRMP channel open request to Manta Network

- 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

Withdraw LBP Liquidity & transfer DOT for staking

Schedule daily claims for HDX staker referral fees

- Bifrost aims to incentivize vDOT liquidity on HydraDX and encourage vDOT holders to gain a more diverse trading experience.
- The proposal includes vDOT Liquidity Farming and an increase in vDOT liquidity cap to $4m on HydraDX.
- Benefits of accumulating vDOT liquidity on HydraDX include adding $3,000,000 liquidity to the HydraDX protocol, preparing ahead for vDOT liquidity in the HydraDX lending market, and continuous incentives for HydraDX Treasury through vDOT fees.
- The protocol imposes a staking APY*10% protocol fee on vDOT and has the capability to establish a vDOT Referral Program for the HydraDX Treasury.
- The incentives for vDOT farming are suggested to run at 16th Jan, 2024, and Bifrost and HydraDX will leverage XCM to implement the first remote LST minting and redemption client in the Polkadot ecosystem.

Incentivizing vDOT Liquidity Farming with BNC and HDX During The 2nd Batch of Crowdloan DOT Expired

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

Accept & send HRMP channel open request to Nodle

- 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

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

Add PHA to Omnipool

HDX listed on more CEXs

Authorize upgrade to v21.1.1

DCA 150,000 DAI for DOT

HydraDX is a project that wants to be listed on a new exchange called MEXC. They need to pay some money to be listed and the community is trying to raise it. If they get listed, they will try to be listed on more exchanges. People are being asked to vote for this proposal.

HydraDX listing on MEXC

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.

Democracy Referenda