This proposal, if approved, will:

- Transfer `118,000 DOT` from the HydraDX Treasury to the Pure Proxy created for [referendum #90](https://hydradx.subsquare.io/democracy/referenda/90) `13RSNAx31mcP5H5KYf12cP5YChq6JeD8Hi64twhhxKtHqBkg`
- Set the multisig created as part of the same referendum `16chKQ1RP5KcorA1kSdgmptDKtZSkxcw9TQ3gkJW3vuphVRX` as `STAKING PROXY` and `GOVERNANCE PROXY` to the same Pure Proxy

Once enacted, the Pure Proxy will hold `218,000 DOT` from HydraDX POL - `30,000` of which were reserved in the recent parachain auction.

This will allow the above HydraDX Council multisig to stake and start earning staking rewards with the remaining `188,000 DOT` and, if decided through a separate community discussion, participate in Polkadot OpenGov.

Whilst the intention will be to always be earning staking rewards on the staked DOT, initially we will attempt to support long-term Hydra Head Sik in his endeavour to make the active set, by directly nominating the entire `188,000 DOT` to his validator.

Staking rewards will be distributed to a second Pure Proxy `14kovW62mmGZBRvbNT1w5J7m9SQskd5JTRTLKZLpkpjmZBJ8` - which has only Parachain 2034 (HydraDX) as `ANY PROXY` - this setup will allow for simple monitoring of staking rewards.

🚨 **Important Note!** 🚨

**These DOT are NOT being removed from the Omnipool - they are currently sitting idle in the HydraDX Treasury**
![image.png](https://subsquare.infura-ipfs.io/ipfs/QmaT3h2rrdDEEg3oWurSKyfFLPD4H7VFGMBoeMoKQdGYpN)
[Referendum #43](https://hydradx.subsquare.io/democracy/referenda/43) approved `1.33M DAI` to be diversified into DOT for the second parachain lease period - HydraDX recently secured this slot for `30,000 DOT` (~$204K at the time) and therefore these DOT are not currently allocated to a specific purpose.

asOrigin

#94 Transfer DOT from Treasury & prepare to stake