&nbsp;

<img src="https://voting.opensquare.io/api/ipfs/files/QmWnuaPiF4cUfC4DN93sw8GHvjyT78yJyqbrCo8KMoBdYi" />

Description
Requested Amount: Decided by the community, but at least should be around 100k$ worth of tokens to ensure decent slippage
Abstract
We propose to use KILT from Kilt treasury and provide it cross-chain into the HydraDX Omnipool as an LP position controlled by the Kilt governance. The intent is to seed initial liquidity and start trading KILT in the HydraDX Omnipool&nbsp; natively and efficiently within the Polkadot ecosystem.
Motivation
Users will be able to trade native KILT within the dotsama ecosystem.
Omnipool will allow:
-Trading KILT vs. any other asset in the Omnipool (currently HDX, DOT, DAI, ZTG, wETH, iBTC, wBTC, native USDT, USDC, VDOT, ASTR, INTR, CFG, BNC,PHA, SUB, GLMR + a lot more in the pipeline)
-Single-sided LPing
-OTC trading
-Cross-chain transfers
-Liquidity-mining
-DCA (dollar-cost averaging) - allowing your supporters to gradually accumulate KILT during the bear market
-Split Trade : Split Trade &ndash; Automatic UI recommendation to achieve less slippage by splitting your trade into smaller parts
-Dynamic fees - improving potential profitability of your position in the Omnipool
-Stableswap pools - gateway of liquidity for the eco
-Referals code - Allow to the treasury get a ref code and receive extra passive income from the community using you referal Code
Key Terms
KILT will be provided as an LP position into the Omnipool - trustlessly and without losing control of the funds. The KILT position can be withdrawn at any time by the Kilt governance and KILT sent back to its treasury. All made possible by XCM. Important fact to realize is that this model is superior to alternatives, where teams have to spend capital to be listed on CEXes or aquire the other half of the pair for seeding common fragmented XYK pools on other DEXes.
Overall Cost
There is no direct cost for the treasury. The LP position if withdrawn can end up in a profit or loss which depends mostly on accrued trading fees and Impermanent Loss in Omnipool suffered during LPing.
Note on Efficiency
We consider requested amount as bare minimum but we recommend to extend the position for better capital/trading efficiency. To put some perspective on this, on $1000 trade you currently get:
USDT/INTR ($601k liq): 0.20% slippage
USDT/GLMR ($236k liq): 0.46% slippage
USDT/PHA($119k liq): 0.87% slippage So the comunnity should decide if keep the minimum or use a greater amount.
&nbsp;
Use of Treasury Funds
Kilt governance approves &amp; executes a proposal to send X amount of KIlt via XCM to the [HydraDX Omnipool account] (7L53bUTBbfuj14UpdCNPwmgzzHSsrsTWBHX5pys32mVWM3C1, a system account with no private key)
HydraDX governance launches a council motion which is fast-tracked and enacted in 3-4 hours
After step 2 is complete, KILT becomes tradeable within the Omnipool. Sender (i.e. Kilt sibling account), is set as the LP position holder so the position can be controlled via XCM Transact calls.

&nbsp;

<img src="https://voting.opensquare.io/api/ipfs/files/QmWnuaPiF4cUfC4DN93sw8GHvjyT78yJyqbrCo8KMoBdYi" />

Description
Requested Amount: Decided by the community, but at least should be around 100k$ worth of tokens to ensure decent slippage
Abstract
We propose to use KILT from Kilt treasury and provide it cross-chain into the HydraDX Omnipool as an LP position controlled by the Kilt governance. The intent is to seed initial liquidity and start trading KILT in the HydraDX Omnipool&nbsp; natively and efficiently within the Polkadot ecosystem.
Motivation
Users will be able to trade native KILT within the dotsama ecosystem.
Omnipool will allow:
-Trading PHA vs. any other asset in the Omnipool (currently HDX, DOT, DAI, ZTG, wETH, iBTC, wBTC, native USDT, USDC, VDOT, ASTR, INTR, CFG, BNC,PHA, SUB, GLMR + a lot more in the pipeline)
-Single-sided LPing
-OTC trading
-Cross-chain transfers
-Liquidity-mining
-DCA (dollar-cost averaging) - allowing your supporters to gradually accumulate KILT during the bear market
-Split Trade : Split Trade &ndash; Automatic UI recommendation to achieve less slippage by splitting your trade into smaller parts
-Dynamic fees - improving potential profitability of your position in the Omnipool
-Stableswap pools - gateway of liquidity for the eco
-Referals code - Allow to the treasury get a ref code and receive extra passive income from the community using you referal Code
Key Terms
KILT will be provided as an LP position into the Omnipool - trustlessly and without losing control of the funds. The KILT position can be withdrawn at any time by the Kilt governance and KILT sent back to its treasury. All made possible by XCM. Important fact to realize is that this model is superior to alternatives, where teams have to spend capital to be listed on CEXes or aquire the other half of the pair for seeding common fragmented XYK pools on other DEXes.
Overall Cost
There is no direct cost for the treasury. The LP position if withdrawn can end up in a profit or loss which depends mostly on accrued trading fees and Impermanent Loss in Omnipool suffered during LPing.
Note on Efficiency
We consider requested amount as bare minimum but we recommend to extend the position for better capital/trading efficiency. To put some perspective on this, on $1000 trade you currently get:
USDT/INTR ($601k liq): 0.20% slippage
USDT/GLMR ($236k liq): 0.46% slippage
USDT/PHA($119k liq): 0.87% slippage So the comunnity should decide if keep the minimum or use a greater amount.
&nbsp;
Use of Treasury Funds
Kilt governance approves &amp; executes a proposal to send X amount of KIlt via XCM to the [HydraDX Omnipool account] (7L53bUTBbfuj14UpdCNPwmgzzHSsrsTWBHX5pys32mVWM3C1, a system account with no private key)
HydraDX governance launches a council motion which is fast-tracked and enacted in 3-4 hours
After step 2 is complete, KILT becomes tradeable within the Omnipool. Sender (i.e. Kilt sibling account), is set as the LP position holder so the position can be controlled via XCM Transact calls.

Listing KILT in HydraDX Omnipool & seeding initial liquidity

&nbsp;

<img src="https://voting.opensquare.io/api/ipfs/files/QmWnuaPiF4cUfC4DN93sw8GHvjyT78yJyqbrCo8KMoBdYi" />

Description
Requested Amount: Decided by the community, but at least should be around 100k$ worth of tokens to ensure decent slippage
Abstract
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
We propose to use KILT from Kilt treasury and provide it cross-chain into the HydraDX Omnipool as an LP position controlled by the Kilt governance. The intent is to seed initial liquidity and start trading KILT in the HydraDX Omnipool&nbsp; natively and efficiently within the Polkadot ecosystem.
</li>
</ul>
Motivation
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Users will be able to trade native KILT within the dotsama ecosystem.
</li>
</ul>
Omnipool will allow:
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Trading PHA vs. any other asset in the Omnipool (currently HDX, DOT, DAI, ZTG, wETH, iBTC, wBTC, native USDT, USDC, VDOT, ASTR, INTR, CFG, BNC,PHA, SUB, GLMR + a lot more in the pipeline)
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Single-sided LPing
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
OTC trading
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Cross-chain transfers
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Liquidity-mining
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
DCA (dollar-cost averaging) - allowing your supporters to gradually accumulate KILT during the bear market
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Split Trade : Split Trade &ndash; Automatic UI recommendation to achieve less slippage by splitting your trade into smaller parts
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Dynamic fees - improving potential profitability of your position in the Omnipool
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Stableswap pools - gateway of liquidity for the eco
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Referals code - Allow to the treasury get a ref code and receive extra passive income from the community using you referal Code
</li>
</ul>
Key Terms
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
KILT will be provided as an LP position into the Omnipool - trustlessly and without losing control of the funds. The KILT position can be withdrawn at any time by the Kilt governance and KILT sent back to its treasury. All made possible by XCM. Important fact to realize is that this model is superior to alternatives, where teams have to spend capital to be listed on CEXes or aquire the other half of the pair for seeding common fragmented XYK pools on other DEXes.
</li>
</ul>
Overall Cost
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 10.5pt; font-family: Inter,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
There is no direct cost for the treasury. The LP position if withdrawn can end up in a profit or loss which depends mostly on accrued trading fees and Impermanent Loss in Omnipool suffered during LPing.
</li>
</ul>
Note on Efficiency
We consider requested amount as bare minimum but we recommend to extend the position for better capital/trading efficiency. To put some perspective on this, on $1000 trade you currently get:
USDT/INTR ($601k liq): 0.20% slippage
USDT/GLMR ($236k liq): 0.46% slippage
USDT/PHA($119k liq): 0.87% slippage So the comunnity should decide if keep the minimum or use a greater amount.
&nbsp;
Use of Treasury Funds
Kilt governance approves &amp; executes a proposal to send X amount of KIlt via XCM to the [HydraDX Omnipool account] (7L53bUTBbfuj14UpdCNPwmgzzHSsrsTWBHX5pys32mVWM3C1, a system account with no private key)
HydraDX governance launches a council motion which is fast-tracked and enacted in 3-4 hours
After step 2 is complete, KILT becomes tradeable within the Omnipool. Sender (i.e. Kilt sibling account), is set as the LP position holder so the position can be controlled via XCM Transact calls.

Problem Statement:
- The problem is the lack of liquidity and trading options for the KILT token within the Polkadot ecosystem.

Significance:
- Providing liquidity for KILT will allow users to trade the token within the Polkadot ecosystem.
- The Omnipool will offer various trading options, single-sided LPing, OTC trading, cross-chain transfers, liquidity-mining, DCA, split trades, dynamic fees, stableswap pools, and referral codes.

Proposed Solution:
- Use KILT from the Kilt treasury to provide liquidity in the HydraDX Omnipool as an LP position controlled by Kilt governance.

Expected Outcomes:
- Native and efficient trading of KILT within the Polkadot ecosystem.
- No direct cost for the treasury, with potential profit or loss depending on trading fees and impermanent loss.

#233 Listing KILT in HydraDX Omnipool & seeding initial liquidity

No Active Proposals