{"postId":"democracy:178","kind":"democracy","title":"Polkadot Hydration - 2nd wave","body":"This proposal, if approved, will fund the second wave of Polkadot Hydration liquidity incentives!\n\nThe proposed farms take into account the analysis from Giraffe and the subsequent discussion in [Discussion #207](/discussions/s207) - as well as other interactions with token holders in discord, telegram & on X.\n\nThe second wave will include the same total `191,222` vDOT and `49,229,167` HDX from the first wave - however, there are changes to their distribution amongst the farms. Due to time constraints and to avoid existing farms from running out of incentives, I will request that this proposal is fast tracked to 2.5 days of voting and will follow up in the coming days with 2 new farms that couldn't be included in this batch.\n\nThis specific proposal can be summarised as follows:\n\n- USDT & USDC 2-pool farm remains as per the first wave\n- iBTC & WBTC 2-pool farm remains as per the first wave\n- DOT farm remains as per the first wave\n- vDOT farm remains as per the first wave\n- CFG rewards are reduced to `69%` (nice) of the first wave\n- ASTR rewards are increased by `75%`\n- GLMR rewards are increased by `25%`\n- INTR rewards are reduced to `50%` of the first wave\n- BNC rewards are reduced to `80%` of the first wave\n- PHA rewards are increased by `100%`\n- KILT rewards are reduced to `50%` of the first wave\n\nA second proposal will follow in the coming days to set up 2 new farms:\n\n- vASTR\n- MYTH/ DOT\n\n**The above changes are intended to divert rewards from less successful farms from the first wave, into the most successful.**","bodyFormat":"markdown","tldr":"","labels":[],"linked":["council:214","external:0x765dc947ab8a6b6d03d6f8f54b3834c0c1231922ab502189ed1e3b1193a4d683@6056890","tc:166"],"author":{"account":{"accountId":"0x8aee4e164d5d70ac67308f303c7e063e9156903e42c1087bbc530447487fa47f","address":"149AQApEw4Xe1DxWesqywiuGQHazbETMgWgT89WjEYFAc29y","emoji":"🍁","emojiName":"heimdall","emojiUrl":"https://cdn.discordapp.com/emojis/1005035405864869939.webp?size=32","tag":null,"identity":{"display":"lolmcshizz","verified":true,"email":"","web":"","twitter":"@lolmcshizz"},"profile":null},"legacyName":null},"authority":"subsquare","revision":0,"createdAt":"2024-09-24T20:50:36.000Z","editedAt":null,"lastActivityAt":"2024-12-23T05:25:53.196Z","commentsCount":6,"updatesCount":0,"upvotes":0,"threadKey":"council:214","source":{"name":"subsquare","id":"66f3263dd3d02b83d3dbd71a","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"f0833529285a8e48"}