CP102: Deposit additional CFG into HydraDX Omnipool

[ImdioR]

@spazcoin

You can only deposit or withdraw up to 5% of the existing pool liquidity for a token. On the Liquidity page you can try to add CFG liquidity and the UI will inform you that the current max for a single deposit is 47475 CFG.

@jrafaelangarita

so in the meanwhile acn coordinate with the hydra governance to do it on 1 tx via referedum,

@jgreen

Detailed Description

CFG will be provided as an LP position into the Omnipool. Trustlessly and without losing control of the funds. The CFG position can be withdrawn at any time by the Centrifuge governance and CFG sent back to its treasury. All made possible by XCM.

= RFC: Listing CFG in HydraDX Omnipool & seeding initial liquidity

• only 5% at once or via multiple tx…
• Only via HydraDX governance

The initial proposal of @jgreen was pretty clear about the ownership and full control:

• Trustlessly and without losing control of the funds
• The CFG position can be withdrawn at any time

If this is possible to do right now only via HydraDX governance (CFG protocol has right now 0 HDX tokens and is in the full minority) this means that all CFG tokens are already in control of HydraDX governance right now and the HydraDX token holder could even vote NAY and reject the proposal of withdrawing CFG Liquidity.

This is definitely not FULL control of the funds and definitely not at ANY Time if

1. CFG DAO should rely on HydraDX governance or should submit 25-30 transactions in order to withdraw the funds.
2. You can not do this whenever you want but should do this gradually…

This solution with HydraDX Governance and 5% sounds like depositing funds into the bank account and with the restriction to withdraw only 250$ a day max (of course with a well-written slogan: Your funds are safu and they are in your full control)

• Is there any timeline for when the solution of returning back the lost control of the funds will be provided by the HydraDX Team to the Protocol and main LPs providers?