🚨Breaking News! The Polkadot GigaHydration proposal has undergone significant changes! It will return 3 million DOT to the treasury!
What I want to express is that the biggest message I see from this change is that the importance of @Polkadot Hub has reached an unprecedented height!
What exactly has happened? Let's take a look together👇
Nico, co-founder of Velocity Labs, commented on the proposal today, stating that @hydration_net is currently one of the most successful DeFi projects on Polkadot. With Omnipool, Money Market, GigaDOT, and the upcoming HOLLAR, Hydration has not only increased its TVL by 4 times through approximately 10 million DOT incentives in the past, but also effectively attracted access from CEX and custodians, showcasing the power of stablecoin issuance and yield opportunities.💪
However, Velocity Labs believes that there is room for optimization in the scale and scope of this proposal, suggesting a more systematic strategy to achieve maximum investment returns for the Polkadot ecosystem:
✅ The original application for 5 million DOT accounts for nearly 30% of the available treasury funds, which is too large
✅ Polkadot Hub is about to launch, and DeFi incentive strategies need to be coordinated across the entire ecosystem
✅ A phased approach can avoid resource waste and duplicate efforts
🚀 Final adjustment plan:
🔸 Hydration will return 3 million DOT from the original 5 million DOT
🔸 The remaining 2 million DOT will be distributed within the next 6 months
🔸 At the same time, collaborate with Velocity, Parity, W3F, and others to develop a larger-scale ecosystem incentive plan, expected to be submitted in 3 months
This adjustment not only ensures the sustainability of the Hydration incentive plan but also wins valuable time for future strategic investments in Polkadot DeFi, promoting synergies between Hydration and projects like Polkadot Hub.
🔔 As of the publication of this article, Hydration has made adjustments to the proposal (EDIT), and Velocity Labs calls on the community to reassess the proposal and adjust their votes to ensure the smooth passage of the proposal. (Please note why the change was proposed by Velocity, as Hydration's co-founder Jakub is also a co-founder of Velocity, and these two companies work very closely together.)
In addition, Parity CEO Bjorn expressed support for the adjustments made by the Hydration team and the assessment actions by Velocity, looking forward to future liquidity incentives driving Hydration to gain attention and recognition in the broader DeFi field!
