This proposal, if approved:
- returns
3,000,000 DOT to the Polkadot Treasury (on Polkadot)
- transfers
2,000,000 DOT to the Hydration Treasury (on Hydration)
- mints
2,000,000 DOT equivalent of vDOT (on Bifrost)
- creates a
~6 hour DCA schedule from vDOT into GIGADOT
- creates a
~2 month DCA schedule from the remaining vDOT into GIGADOT
Once minted, the vDOT is sent to a Pure proxy 13NWq5jfYPMthrdBpGsj4EaiJi21vDUUMeExcMVEVzzZzuVh controlled by the Hydration Treasury and Polkadot Root - funds will remain here until they are deployed for specific incentives