[Root] Referendum #17 - Burn 400M RING from Darwinia on-chain treasury

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Confirmation4d
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100%Aye
51.0%Threshold
0%Nay
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40.68MRING
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0RING
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Support(2.49%)
41.51MRING
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1.66BRING
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I give big support FOR burning 400M $ring.
Voted with x6 conviction.

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Based on discussions with the HydraDX team assets are limited to 2% weight cap of the total TVL of the Omnipool. Currently that limits the additional RING that can be deposited to 125M to 150M. This would still result in a treasury burn of 250M to 275M RING.

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I counter-propose depositing a large quantity of this into the HydraDX Omnipool, to provide more liquidity for swaps and lending RING across the Polkadot ecosystem.
https://github.com/orgs/darwinia-network/discussions/1489

(if you'd like to both burn 400M RING and also deposit 230M RING into Omnipool then sure. But that's 75% of the treasury in total)

--spazcoin

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