Are you serious? You have 22 MILLION! Why can't we fill the pool normally, at least by 10 MILLION? What are you afraid of? 100k is just a joke.

[@7PAB...ou3u](7PABArUG4QsJsFKNedkAYDFNYGwWE27vSHLR26xDiAaNou3u-hydradx) "The TVL cap is initially very limited whilst we assess the performance of the Omnipool after launch, and collectively we will decide on how to further utilize our POL to expand Omnipool liquidity."

Low liquidity = less chance of getting rekt whilst Omnipool takes its' first baby steps into the wild. In addition to this, 10M of DAI liquidity is far in excess of what the pool would need in these market conditions. It will of course be scaled up, but we should be looking to diversify this as much as possible and reduce bridge risk wherever possible.

Is your treasury public? Can I ask for gnosis safe contract address?
I am curious to know how much is left of the $22M collected in LBP.


[@7NwZ...DTJ4](7NwZXgBashyETEucK8iNLG1yozV9HbrK24H36dZtB4UrDTJ4-hydradx) Of course! The LBP funds have sat in the same wallet since the LBP took place last year :)
https://etherscan.io/address/0xc2c5a77d9f434f424df3d39de9e90d95a0df5aca

The gnosis multisig for the council has not yet been set up, but will be as part of the steps to launch.

Having seen a few projects I supported get rekt very quickly after launch, I am happy to see this will start small. Best of luck!

From small to large, slowly increase, gradually cultivate, step by step, I support this kind of organic growth.

The downside for this small liquidity is that after 2 years many are eager to sell their bag at launch, and so with low liquidity the HDX price will fall much faster (Imagine minimum of 5 million worth of HDX is on the sell side) The price will easily fall many x. Let's assume it will fall from 0.027 to 0.003. When you later add liquidity at 0.003, it will require much more capital (few hundred percent more capital depending on how much liquidity is added) to bring up HDX price. I understand that safety of the protocol needs to pass the test of time before injecting more, but i think we need to provide some kind of incentive for average investors/gamblers (whatever you wanna call them) to keep holding. Adoption is one of the most important elements. If you lose too many investors, you lose adoption. They can help hype up the project to increase value of their investment. and if HDX price drops too low, you lose people's attention, there will be less activity, less trading, less engagements.

Some ideas:
-  If you hold 90% of your HDX for a year, you get better APY
-  Make it possible to provide liquidity from day one
-  re-submit article why holding HDX will bring us value, and maybe consider adding new things to add excitement.

I know the team doesnt believe in paid marketing, and only a few team members are excited about what's coming but most of us dont know what you are up to or what is changing. Share that. Instead of paid marketing share your excitement...ramp up as we get closer to Launch. HDX value is also very important

Look at Basilisk. No one cares anymore. Please spark excitement around Hydra. It has to launch with a bang even if we are in crypto winter. Consider releasing audio/video presentation about the protocol and the value proposition and future outlook. You have released many articles...only few of us have been keeping track and even i no longer know what part of what has been said in the past is still valid.




[@7K4Q...e5PB](7K4QS7Lz5ckepoD6316GeenJNpoeK3FXyEBbPpkHkHy5e5PB-hydradx) Hey bud, I understand your thinking when it comes to increased capital requirement for moving the price of HDX, but it's worth noting something about how things work within the Omnipool:

The liquidity required is dependant on the **lower liquidity side of the pair of assets being traded** - so as an example of trading DAI > HDX... if you have $25K HDX in the pool vs $50K DAI in the pool, the slippage/ capital required is determined by the $25K on the HDX side. If you then increase the DAI side to $500K, the slippage/ capital required is still determined by the $25K on the HDX side.

**Before we launch the referendum for initiating the Omnipool with the predefined setup, we would like to gather feedback and/ or alternative suggestions from fellow Hydraheads. For this purpose, we have opened this discussion thread where you can share your thoughts on these important parameters which will be used for kickstarting the Omnipool.**

-----------------------

<ins>Initial Liquidity - TVL & Spread of Assets</ins>

**Total TVL of $125,000**, consisting of:

- **50,000 DAI** (POL from LBP funds) **[40% of TVL]**;

- HDX from Treasury funds **[20% of TVL]**;

- DOT from Galactic Council funds **[40% of TVL]**;

*The exact amount of DOT and HDX will be determined by market price at the time of initialisation.*

<ins>TVL Cap & LRNA</ins>

The **TVL cap on launch will be $222,222** and the protocol will mint **5,650 LRNA** to pair with the $125,000 of liquidity.

*The TVL cap is initially very limited whilst we assess the performance of the Omnipool after launch, and collectively we will decide on how to further utilize our POL to expand Omnipool liquidity.*

<ins>Asset Pricing</ins>

The initial price of HDX used will be that implied from the LBP and subsequent tripling (**$0.0267**) - or the most recent market price, should an external price discovery take place before the launch of the Omnipool. LRNA price derived by this setup will be **$22.22**.

<ins>Trading Fees</ins>

We previously explained that trading fees in the Omnipool are formed of 2 parts; the Asset Fee (for LPers) and the Protocol Fee. Our proposal is to set these at **0.25% for the Asset Fee** and **0.05% for the Protocol Fee**.

**Edit: 6th Dec** - *Increase in starting TVL to $125,000. Increase in HDX weight to 20%. Decrease in DAI weight to 40%. Increase in Asset Fee to 0.25%. Increase in LRNA volume to 5,650 (to match new higher TVL)*


SubSquare is discussing the setup for a new Omnipool and wants feedback from others. The Omnipool will have $125,000 in total value, made up of 50,000 DAI, HDX, and DOT. The TVL cap on launch will be $222,222 and the protocol will mint 5,650 LRNA. The initial price of HDX will be $0.0267 and LRNA will be $22.22. The trading fees for the Omnipool will be 0.25% for the Asset Fee and 0.05% for the Protocol Fee. There were some updates made on December 6th, including an increase in starting TVL to $125,000 and an increase in the Asset Fee to 0.25%.

Initial Omnipool Parameters