Opening more Omnipool markets & diversifying BTC

Further to discussion #223 - I will shortly make a series of proposals to shuffle our BTC liquidity, we currently have (all values are approximate):

• 17 WBTC in Supply & Borrow
• 15.1 iBTC in BTC 2-pool
• 18.35 WBTC in BTC 2-pool
• 0.47 WBTC in Treasury

Therefore the protocol holds approximately 51 BTC across the 2 products worth ~ $5,000,000.

After discussion through #223 and other community channels, I would propose that we diversify into the following splits:

• $1,000,000 tBTC (snowbridge) 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

This would leave ~ $1,000,000 of BTC left to be diversified into other assets.

Jakub Gregus recently highlighted the importance of Hydration expanding into more markets for highly liquid assets, specifically BNB, LDO, LINK and SKY (formerly MKR) - with this left over BTC we could accumulate ~ $250,000 worth of each of the above and launch them all for trading in the Omnipool.

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I will begin making the proposals to withdraw BTC liquidity & diversify it once the next runtime release makes some useful improvements to OpenGov, allowing us to run more proposals related to liquidity and Borrow in parallel.

In the mean-time I'd be interested to hear more comments on this strategy.

Stay Hydrated.