Referendum #55

#92·CP102: Deposit additional CFG into HydraDX Omnipool

4fU7...znmD
Democracy
6mos ago
2 Comments
Executed

This proposal, if passed, will deposit an additional 750,000 CFG into the Omnipool from the Centrifuge treasury.

See the proposal on GitHub here: https://github.com/centrifuge/cps/blob/main/cps/CP102.md
See the RFC on the forum here: https://gov.centrifuge.io/t/cp102-deposit-additional-cfg-into-hydradx-omnipool/6326/1

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Votes
99.7%Aye
Passing thresholdSimpleMajority
0.3%Nay
Aye
≈5.28MCFG
Nay
16,071CFG
Turnout
≈4.7MCFG
Electorate
0CFG
Passed
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4gc6...G15M

Key points:

  • CFG governance retains control of the coins. (CFG isn't "spent")
  • Enable larger $25k trades before 2% slippage.
  • Larger liquidity necessary for a CFG lending market on Hydra. Hydra MMs will launch this summer.
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4eq9...76aN

The project is implemented super professionally and has a clear development plan for bringing real world assets to polkadot.

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