Ahead of **THE GREAT DOT UNLOCK** happening on October 24th - this proposal aims to coincide the launch of **HydraDX Bonds** with this crucial event. **The first HydraDX Bond event will accumulate DOT as protocol owned liquidity (POL) - targeting DOT that is unlocking from the first batch of crowdloans.**

As with any new Omnipool token launch, price sensitivity requires that Bonds creation and launch of LBP event are fast-tracked through governance - this proposal seeks approval from HDX holders for fast-tracking the launch referendum, by placing the following on-chain remark:

`Fast-track referendum for Bonds creation & launch of LBP event. 50M HDX bonds, maturity 24-10-2024, starting price +22% premium to spot when proposal is on-chain, accumulating DOT over a 24h event, starting weights HDX 85 DOT 15, ending weights HDX 40 DOT 60, 2% swap fee.`

The proposed parameters are:

- Mint 50,000,000 HDX bonds with maturity at 2:22:22 on 24th October 2024 (~1 year) using HDX from the Treasury (to be replaced at a later date from the growth portion of HDX supply)
- Distribute those HDX bonds to accumulate DOT protocol owned liquidity (POL) via an LBP
- Initial DOT liquidity to seed LBP to be taken from Treasury and returned when the event concludes
- Start trading at +22% premium to the spot price of HDX at the time that the referendum is put on-chain
- LBP to run for 24 hours
- LBP starting weights set to 85% HDX Bonds 15% DOT
- LBP finishing weights set to 40% HDX Bonds 60% DOT
- LBP swap fee (fee applied when selling HDX bonds back into LBP) set to 2%

You can read more about [HydraDX Bonds in our docs](https://docs.hydradx.io/bonds) as well as learning morning about [LBP (Liquidity bootstrapping) here](https://docs.hydradx.io/lbp).

#115 On-chain remark: Launch bonds