But good ser slippage has already reduced **SIGNIFICANTLY**. Even improvements are now **SIGNIFICANTLY** improved.

Could we normalize adding the cons to the proposal description? I don't know enough about the dynamics of this to vote correctly but am still going to for the staking rewards.

[@7P7q...3FAn](7P7qdHhs9t6AURySNj9nvumbzYdMiefgm6XkAq4gnsay3FAn-hydradx)  Yeah I agree, it feels like the proposals are written just so that people vote aye… we need complete information so that this is really a democratic process.

[@7P7q...3FAn](7P7qdHhs9t6AURySNj9nvumbzYdMiefgm6XkAq4gnsay3FAn-hydradx) [@7Mwe...Uccv](7Mwen6fYUmsmWDRQMKLKrb5jtNCYAbaWJmGmXAowz1haUccv-hydradx) 

The primary disadvantage of the adjustment is a higher risk for GDOT holders in case of a depeg of aDOT or vDOT. Arbers or traders might be able to dump more of the toxic asset before the price significantly reacts, unloading it to GDOT holders (LPs).

[@Giraffe](7MdhKzwvPmvkNv1PQThTPMQLWrxBgKMqcwAJe6EEV2P9uNDv-hydradx) how significant of a risk is this?

[@7LBo...7E1E](7LBou3W43cj1cq3z2SM2A8jNGCAc8JAjfushUFLQnrNe7E1E-hydradx) I don’t have a simple answer - typically, you'd need simulations based on past depegs. AFAIK vDOT has only experienced brief depegs caused by larger dumps.

A 100 amplification coefficient is AFAIK standard for stable pools of highly liquid assets like USDC/USDT.

Why 100 could still make sense for aDOT/vDOT despite limited data:

- vDOT has a redeem mechanism: even major depegs should resolve around the redemption period
- DOT backing is staked on the Relay Chain - locked and secure
- Bifrost earns revenue and has strong incentives to stabilize in case of a depeg
- The Polkadot Treasury likely trusts Bifrost with another 1M DOT loan, which would help mitigate a depeg for GDOT holders, at the cost of loan repayment ability
- vDOT and GDOT are reward-yielding, which can offset smaller imbalances/depegs - each investor should assess their own R:R tradeoff

The A increase brings many benefits, which I've left out here as it mainly involves a subjective risk assessment. Disclaimer: I'm not an expert, NFA, just trying to help.

GIGADOT is a stablepool between aDOT and vDOT - how much their liquidity is concentrated around their peg is determined by the Amplification value. For GIGADOT launch, this was set to `22` - this proposal, if approved, will increase this value to `100`.

This change will take place gradually over `19,500` blocks, starting from a future block after this referendum is enacted.

After this change is made, slippage for aDOT <> vDOT trades will be reduced **SIGNIFICANTLY**.

poolId

finalAmplification

startBlock

endBlock

Executed

Submitted

DecisionDepositPlaced

DecisionStarted

ConfirmStarted

Confirmed

omnipool_admin

Update GIGADOT pool Amplification

root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

treasurer

spender

tipper

economic_parameters

Origin able to dispatch a whitelisted call.

 Origin for spending very high amounts of HDX(<= 50M HDX) from the treasury as well as generally administering it.

Origin able to spend up to 2,222,222 HDX from the treasury at once.

Origin able to spend up to 50K HDX from the treasury at once.

Origin able to perform specific Omnipool-related actions.