Swap WETH (MRL) for wstETH & ETH (snowbridge)

Hydration is a platform that wants to diversify its Protocol Owned Liquidity (POL) by investing in different assets. They want to invest $400K in SOL, $400K in AAVE, $200K in SUI, and $258K in HDX. They plan to use Moonbeam Routed Liquidity to onboard all assets. Adding these assets will increase market and POL diversity, bring in more users, TVL, and volume. The assets will also be available as collateral for the Money Market and for sUSDS & sUSDe Yield DCA feature.

Diversification of POL

- The protocol has about 51 BTC worth $5,000,000 in different pools and the treasury.
- A proposal suggests diversifying the BTC into:
  - $1,000,000 tBTC in Omnipool
  - $1,000,000 WBTC in Omnipool
  - $1,000,000 iBTC in Omnipool
  - $500,000 WBTC in Supply & Borrow
  - $500,000 tBTC in Supply & Borrow
- $1,000,000 of BTC will be left to invest in other assets like BNB, LDO, LINK, and SKY.
- The changes will happen after improvements to OpenGov are made.

Opening more Omnipool markets & diversifying BTC

**Summary:**

- Hydration DAO stopped farming rewards for WBTC/iBTC 2-Pool after Referendum #197.
- Hydration holds 17 WBTC in the Money Market and 34 BTC 2-Pool shares in the Omnipool.
- The proposal suggests diversifying into tBTC or cbBTC, with a preference for tBTC due to its decentralized design.
- Steps include withdrawing WBTC and BTC 2-Pool shares, adding WBTC and iBTC to the Omnipool, and diversifying into tBTC.
- tBTC is part of the Threshold Network with a $479M total supply.
- cbBTC is a Coinbase product with a $2.1B total supply.

Diversify WBTC/ iBTC holdings to alternative BTC products

Tip treasury - Jose Crypto- (August- October)

- The person will manage or create a Chinese community for Hydration/Basilisk on different platforms like Discord, Telegram, WeChat, and QQ.
- They will translate official announcements and answer community member's questions in a timely manner.
- They will organize a team of volunteers to complete translation tasks.
- They will create Hydration-themed GIFs to liven up the community atmosphere.
- They will be paid a total of 293200 HDX for their work, which includes a basic salary of 257200 HDX, translation work for 8000 HDX, and creating Hydration GIFs for 28000 HDX.

[Tip Request] Chinese Community Manager – 202409/10

Hydration DAO is staking 438,700 DOT for Polkadot governance. The lockup on these staked DOT is 28 days. It is important that as many DOT participate in these decisions as possible. Therefore, Hydration DAO is proposing to delegate their votes at 3X conviction to ChaosDAO. ChaosDAO is a community in the Polkadot ecosystem and is formed of enthusiasts and builders. They vote using a decentralized process within the ChaosDAO private discord server. ChaosDAO has supported all previous proposals from Hydration and has shown alignment with their needs. The proposal adds no additional time lock or opportunity costs versus their existing staking locks.

Delegate Hydration POL DOT to ChaosDAO at 3X conviction

1. The person manages or creates a Chinese community for Hydration/Basilisk on different platforms like Discord, Telegram, WeChat, and QQ.
2. They translate official announcements and videos into Chinese and publish them in the community.
3. They organize a team of volunteers to complete translation tasks on time.
4. They gave a speech at an offline event called Polkadot Meetup Hangzhou and promoted Hydration by providing T-shirts as rewards.
5. They faced an unfortunate incident where the X account of the Hydration Chinese community was banned, and they requested the establishment of X accounts in various language communities.

[Tip Request] Chinese Community Manager – 202407/08

1. There will be a new round of incentives for people who use Polkadot Hydration starting on 11.09.2024.
2. The incentives will come from the Growth portion of the HDX supply and the Polkadot Hydration: Liquidity Incentives.
3. The focus will be on using liquidity effectively for trading, with ASTR, PHA, GLMR, and DOT being prioritized.
4. They will also focus on the Money Market, which is a new feature that lets people borrow and lend money using DOT, BTC, and stablecoins.
5. The MYTH/DOT pool will also be considered for incentives because it is important and has multiple listings on different exchanges.

Planning the 2nd Batch of Polkadot Hydration Campaign Incentives

- A person will manage or create the HydraDX/Basilisk Chinese community on different platforms like Telegram, WeChat, Discord, and QQ.
- They will translate official announcements and publish them in the community. They will also answer questions from community members.
- The person will work for 45 days and 10 hours per week, which is a total of 64.3 hours.
- They will translate a speech video of Jakub Panik about the development of ICE, which took more than 5 hours to complete.
- There are currently 3 Hydration WeChat groups with a total of 400+ people, and the communication is mainly carried out in the WeChat group.

[Tip Request] Chinese Community Manager – 202406

SubSquare is a platform that has added new features to support HydraDX EVM. Here are the changes they made:

1. They learned how EVM works on HydraDX by studying its code.
2. They created instances for testing and parsing EVM related extrinsics.
3. They made changes to support both substrate and EVM addresses on a single network, which required a lot of code refactoring.
4. They allowed web2 users to bind an EVM address.
5. They converted EVM addresses to substrate addresses to show them on the user interface and submit extrinsics.
6. They updated referendum status in time when related calls were detected.

These features cost 2 full-time employees 10 days of work, which is roughly 160 hours. They requested 500k HDX as payment for their work.

[Tip Request] Hydradx EVM support on subsquare

- Dazhbog is a decentralized futures exchange.
- It allows users to trade perpetual futures contracts in a secure, transparent, and efficient manner.
- Dazhbog uses the Polkadot network for security, scalability, and interoperability.
- The project won first place in the DeFi category at the Polkadot Prodigy hackathon.
- The team is seeking feedback from the Hydra community to determine if the product should be developed on the chain.

Dazhbog: A Decentralized Perpetual Futures Exchange

- The person created content on a website called x.com and a platform called mirror.xyz.
- They spent a total of 11 hours creating this content in June and July of 2024.
- They are requesting a tip of 37,238 HDX, which is a type of currency.
- They are following the "Rewarding Contributions to Hydration" requirements.
- There is an image included in the post.

【Tip request】 Content creation for the Hydration Chinese community

Here is a summary of the SubSquare post about the Hydrated Treasury Report:

- The report talks about Hydration POL and makes some recommendations for next steps.
- They accumulated 22,473,287.33 DAI during the Hydration LBP in March 2021.
- They set aside 5,000,000 DAI for the development of Hydration for 2 years.
- They paid 495,000 DAI to a whitehat & immunefi for discovering a critical vulnerability in Omnipool.
- Hydration POL is currently valued at ~$24,540,000.
- They proposed actions like depositing all 17.47 WBTC into the Hydration Money Market, swapping 309.16 WETH for the Snowbridge equivalent, and withdrawing all POL DOT positions from Omnipool due to significant liquidity depth.
- The discussion will remain live for 1 week before feedback is collected and an updated proposal is submitted on-chain for approval by HDX holders.

Hydrated Treasury Report

- A person spent 3.5 hours translating articles about HydraDX for the Slovakian community.
- They translated three articles and shared them on social media platforms like Facebook, Twitter, and Discord.
- The articles were about updates for February, March, April, and May of 2024.
- The person spent 2.5 hours translating the articles and 1 hour doing community work like chatting and being active on social media.
- They are requesting a tip of 4,827 HDX, which is equivalent to $20 USD.

[Tip request] Slovak translations for CZ/SK community

- Someone will work to create and manage a community for HydraDX/Basilisk in China.
- They will use platforms like Telegram, Discord, WeChat, and QQ to communicate with the community.
- They will translate official announcements and answer questions from community members.
- They will also organize a team of volunteers to help with translation tasks.
- The person will work for 53 days, for a total of 75.7 hours, and will be paid in HDX tokens.

[Tip Request] Chinese Community Manager – 202404/05

Tip - Nariman - DCA WatchTool

- A person accidentally sent 20 DOT to the HydraDX team's Polkadot wallet in two separate transactions.
- They were trying to understand how XCM, polkadot.js/api, and smart contracts work but made a mistake.
- The person reached out to Jose.Crypto on Discord who advised them to create a post to be voted on.
- The person is requesting that the HydraDX team send the funds back to the same address.
- The post was created to rectify the mistake made by the person.

Accidentally sent DOT to the wrong address while playing with XCM

Tip treasury - Jose Crypto- (January- April)

- A person will create and manage a community for HydraDX/Basilisk in China.
- They will use platforms like Telegram, Discord, WeChat, and QQ to communicate with the community.
- They will translate official announcements and answer questions from community members.
- They will also organize a team of volunteers to help with translation tasks.
- The person will be paid a basic salary for their work, and there will be extra pay for translation work.

[Tip Request] Chinese Community Manager – March

[Tip request] Immunefi Commission DCA Terminate Bug

- A bug was reported to Immunefi about a problem with DCA schedules.
- The bug may cause some users to not be able to stop their schedules for a short time.
- The report was classified as Low in the Blockchain category.
- The person who reported the bug requested a tip of $1,000 or 52,632 HDX.
- The report was made to Hydradx through Immunefi's bounty program.

[Tip request] Bug Bounty - Low Vulnerability (Blockchain) in DCA Terminate

HydraDX has received 6,557,079 PINK after registering it as an asset in the asset registry. They will also receive more PINK from their vDOT position. The question now is what to do with this allocation of PINK. Some suggestions include pairing it with Treasury DOT and creating an Isolated Pool, distributing it to HDX stakers, distributing it as liquidity incentives as part of Polkadot Hydration, giving it all to Ben, or other ideas. This conversation will develop with the upcoming DED airdrop for the protocol staked DOT and VARCH for protocol staked DOT & LP'ed vDOT. They will either move to an open square poll or straight to a referendum for the action if it appears unanimous.

What to do with HydraDX PINK supply?

HydraDX is a DeFi protocol that brings liquidity to Polkadot through the Omnipool, an Automated Market Maker (AMM). A dashboard displaying all active pools would be valuable for users to monitor liquidity, trading volumes, and token pairs. Supporting additional pools encourages liquidity and token variety, bringing attention to Hydration, the rebranded name for HydraDX. The dashboard should display essential metrics, have real-time updates, and user-friendly interfaces. Community involvement and democratic decision-making are crucial, and security measures such as audits and bug bounties are necessary.

Rewards Dashboard for all pools

- CiaoAI is a company that provides Market Making Bots.
- Their MM bot can help increase trading volume and liquidity on exchanges.
- The bot is fully user configurable and comes with a dedicated server.
- CiaoAI has a professional team and reasonable prices.
- They support all exchanges, including CEX and DEX, and have listing cooperation with many exchanges such as MEXC, Lbank, and Bitmart.

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