Accept HRMP Channel Opening Requests from Phala & Interlay

For a second-grade student:

- There is a vote happening to make some changes in a place called Omnipool.
- They want to let more money be used there, up to $6,000,000.
- They also want to add more of some special money called WETH, DAI, and WBTC to Omnipool.
- They will limit how much of each type of money can be used there.
- They will cancel something that didn't work before.

TVL Cap Increase, Asset Weight Cap Changes, Add Moar ETH, WBTC & DAI, & Cancel HRMP (Statemint)

Bridge WETH, DAI & WBTC to the HydraDX parachain treasury

Increase TVL Cap, Add Liquidity to Omnipool & Adjust Weight Caps

SubSquare is proposing some changes that will affect the Omnipool. If approved, the changes will:

- Increase the TVL cap to $2,222,222
- Add more ETH and DAI to the Omnipool from the treasury
- Set weight caps for DAI, ETH, and HDX
- Sacrifice two positions (978 and 979) to change the status of treasury LP to POL

The weight caps of ETH and DAI will be temporarily increased to 100% to prevent adding of liquidity from failing, but will be adjusted to 45% weight cap at the end of the batch.

TVL Cap Increase, Asset Weight Cap Changes & Add Moar ETH & DAI [Version 3]

Add WBTC to Omnipool

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)

- 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)

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

- 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)

Bridge initial ETH liquidity and more DAI to the parachain treasury

Send HRMP Channel Open Request to Phala

Increase Omnipool TVL Cap to $500,000

Upgrade runtime to the v15.1

Contribute and Get Rewarded

Launch Omnipool faster

Launch Omnipool

Bridge initial DAI liquidity to the parachain treasury

Upgrade runtime to the v15

Omnipool Initial Parameters

HDX Supply Reduction

Request HRMP channels with Astar, Moonbeam & Interlay

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

root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

treasurer

spender

tipper

omnipool_admin

economic_parameters

Democracy Referenda