Requested Amount: **1,000,000 PHA** (~$105k at time of writing)

**Abstract**
- We propose to use PHA from Phala treasury and provide it cross-chain into the HydraDX Omnipool as an LP position controlled by the Phala governance. The intent is to seed initial liquidity and start trading PHA in the HydraDX Omnipool 6 natively and efficiently within the Polkadot ecosystem.

**Abstract**
- We propose to use PHA from Phala treasury and provide it cross-chain into the HydraDX Omnipool as an LP position controlled by the Phala governance. The intent is to seed initial liquidity and start trading PHA in the HydraDX Omnipool natively and efficiently within the Polkadot ecosystem.

**Motivation**
- Users will be able to trade native PHA within the dotsama ecosystem.

Omnipool will allow:
- Trading PHA vs. any other asset in the Omnipool (currently HDX, DOT, DAI, ZTG, wETH, iBTC, wBTC, native USDT, USDC, VDOT, ASTR, INTR, CFG, BNC, + a lot more in the pipeline)
- Single-sided LPing
- OTC trading
- Cross-chain transfers
- Liquidity-mining
- DCA (dollar-cost averaging) - allowing your supporters to gradually accumulate PHA during the bear market
- Dynamic fees - improving potential profitability of your position in the Omnipool
- Stableswap pools - gateway of liquidity for the eco

**Key Terms**
- PHA will be provided as an LP position into the Omnipool - trustlessly and without losing control of the funds. The PHA position can be withdrawn at any time by the Phala governance and PHA sent back to its treasury. All made possible by XCM.
Important fact to realize is that this model is superior to alternatives, where teams have to spend capital to be listed on CEXes or aquire the other half of the pair for seeding common fragmented XYK pools on other DEXes.

**Overall Cost**
- There is no direct cost for the treasury. The LP position if withdrawn can end up in a profit or loss which depends mostly on accrued trading fees and Impermanent Loss in Omnipool suffered during LPing.

**Use of Treasury Funds**

Phala governance approves & executes a proposal to send  1,000,000 PHA via XCM to the [HydraDX Omnipool account] (7L53bUTBbfuj14UpdCNPwmgzzHSsrsTWBHX5pys32mVWM3C1, a system account with no private key)

HydraDX governance launches a council motion which is fast-tracked and enacted in 3-4 hours

After step 2 is complete, PHA becomes tradeable within the Omnipool. Sender (i.e. Phala sibling account 7LCt6dFt6z8V3Gg41U4EPCKEHZQAzEFepirNiKqXbWCwHECN), is set as the LP position holder so the position can be controlled via XCM Transact calls.



Proposal to list PHA on the HydraDX Omnipool