Proposal # 30 - Funding Development with 5 Million HDN from the Vault

• Title of proposal: Funding Development with 5 Million HDN from the Vault
• Proposal ID: #30
• Proposer(s): Hydranet Multi-sig
• Submission Date: April 8th, 2024 - 9am UTC

Abstract

• Summary: This proposal seeks to allocate 5 million HDN from the Hydranet DAO Vault to fund ongoing and future development.
• Motivation & Rationale: Given the evolving landscape of decentralized finance, it's critical for our continuous improvement. This allocation is essential for maintaining Hydranet's competitive edge, ensuring security, and improving user experience.

Proposal Details

• Proposed Updates & Objectives:
  • Action Steps: Utilize the 5 million HDN to fund development projects such as the Web Dex development, security enhancements, UI upgrades, Lithium protocol development and integration, Core Dex upgrades.
  • Timeline: Immediate commencement with milestones including Lithium test net launch, public release of the DAO forum, Core Dex API release, Web Dex order book rewrite, and testnet readiness.
  • Overall Cost: 5 million HDN, with detailed allocation for developers and ancillary roles in marketing, management, and DAO financials.

Impact Analysis

• Advantages:
  • Accelerates key development projects.
  • Invests directly in the ecosystem's growth and user experience enhancement.
  • Reflects the community's dedication to the project's advancement.
• Disadvantages:
  • Temporarily reduces treasury reserves.

Conclusion & Voting

• Final Thoughts: The proposed 5 million HDN allocation from the treasury represents a strategic investment in Hydranet's future, designed to support significant development initiatives and secure the platform's long-term success.
• Voting Options: [Approval of the 5 million HDN allocation, Rejection of the proposal, Request for further information or proposal modifications.]
• Voting Period: Start: April 8th, 2024, at 09:00 am UTC. End: April 13, 2024, at 09:00 am UTC.