HIP-9 | Expansion of HYDRA into Ethereum

[planetoid]

HIP-9 | Expansion of HYDRA into Ethereum

Snapshot Time for the Vote:

First block after November 24, 23:59 UTC time.

Voting Period:

Voting starts: November 25, 00:00 UTC time
Voting ends: November 30, 23:59 UTC time

Voting Addresses:

YAY → HHxxxxYEAxPN9xxxxxxxxxxxxxxy28zc2h
NAY → HHxxxxNAYxPN9xxxxxxxxxxxxxxy2kNP7x

Threshold for Approval:

65% approval rate

Summary of Proposal:

• Expansion of HYDRA liquidity towards Ethereum
• Following a dual-asset strategy with LYDRA and HYDRA
• Deploying a LYDRA/USDT pool through LM campaigns
• Deploying a LYDRA/HYDRA pool via the DAO treasury
• Three month trial period

Link to the Full Proposal:

Proposal for the Expansion of HYDRA into Ethereum

[image] Proposal for the Expansion of HYDRA into Ethereum Note: This proposal is based on the suggestions shared by @Hydra_is_the_future in this post. Background: Over the course of this year (and following the collapse of FTX) we have seen an evident trend of centralized exchanges tightening their KYC policies as well as limiting access for several geographic regions. Among these exchanges is also Kucoin, which is currently the most relevant CEX for Hydra. As a result, centralized exchang…

Voting Procedure:

1. 0.1 HYDRA sent to any of the two addresses above will credit your entire snapshot weight to the respective side.
2. Note that the last transaction counts, meaning that you can change your vote within the voting period.
3. Transactions above or below 0.1 HYDRA will not count.
4. The exponentiating formula will apply as usual

[planetoid]

HIP-9 | Expansion of HYDRA into Ethereum

YEA —> 100%
NAY —> 0%