At Informal, we’re developing Hydro specifically to provide projects like Mars an easier, faster and more efficient access to the Cosmos Hub community pool funds. One of Hydro’s goals is to eliminate the need for ad hoc governance proposals such as this one.
Hydro is beneficial to projects like Mars in that they no longer have to prepare and socialize a forum prop, make guesses around acceptable amount of liquidity exports, set up a new multi-sig and many other such tedious steps. All that comes with a major risk of the proposal ultimately being rejected.
Hydro is also fair to the Cosmos Hub community in that it ensures a remuneration for the exports through the distribution of tributes (bids) from projects to voters. With the Hydro committee overseeing the exports, everything is tightly monitored, which reduces the risk of losing funds.
Hydro is already deployed on the Neutron testnet and has undergone an audit from Oak security. We’re currently finishing a front-end interface for voters and aiming to launch in the next 4-6 weeks. The Hydro timeline is not far apart from the timeline of this proposal since a governance proposal usually stays 2 weeks on the forum and 2 weeks on-chain.
So while we continue to support ATOM exports across the Interchain, the Informal validator will oppose this proposal and call for others to do the same.
In fact, since we want to start a more cohesive and strategic approach to liquidity management, our goal is to re-route (over time) all existing ATOM exports (Osmosis, Agoric, Persistence, Stride & Neutron). In order to minimally affect these projects, this will likely be done in the following way:
- Position is transferred from the ad-hoc multi-sig to the Hydro committee
- The project participates in the auction process & wins a certain amount of votes
- When the previous round completes, the Hydro committee unwinds & rebalances
Based on the amount of support received, the position is made smaller, or potentially bigger.
The Informal team is very committed to onboarding and supporting projects like Mars in using & loving Hydro and making the ATOM token as widely available as possible