HIP-15 | Phase 1 - LM Campaigns for Base Pairs on HydraGon DEX

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HIP-15 | Phase 1 - LM Campaigns for Base Pairs on HydraGon DEX

Snapshot Time for the Vote:

First block after May 16, 11:59 am UTC time.

Voting Period:

Voting starts: May 16, 12:00 pm UTC time
Voting ends: May 21, 12:00 pm UTC time

Threshold for Approval:

• 65% Approval Rate

Summary of Proposal:

• Create Base Pairs of HYDRA/USDC and HYDRA/WBTC on the new DEX
• Allocation of 10,000 HYDRA (5k per pool) towards Liquidity mining

Link to the Full Proposal:

Launch Incentive Budget for HydraGon DEX – Phase 1

Summary: This proposal seeks DAO approval to allocate a liquidity mining budget of 10,000 HYDRA, distributed evenly across two strategic trading pairs on the new Hydra DEX: HYDRA/USDC HYDRA/WBTC The incentive will be distributed at a rate of 5,000 HYDRA per pool per month With an additional HYDRA:LYDRA pool can be deployed via treasury without causing inflationary pressure. Context & Rationale: HydraGon mainnet has now launched, bringing staggering performance with sub-second block times a…

Voting Procedure:

1. Visit https://vote.hydrachain.org/
2. Select the proposal you want to vote on. HIP-15 | Phase 1 - LM Campaigns for Base Pairs on HydraGon DEX in this case
3. Pick between For or Against. Optionally you can Abstain
4. Click on “Caste Vote” and approve the Voting transaction in your Wallet

Thank you for your participation!