This proposal aims to prepare for the **second bonds event** kicking off on **4th January 2024**.

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 and launch of LBP event. 22M HDX bonds, maturity 04-01-2025, starting price +22% premium to spot when proposal is on-chain, accumulating DOT over a 36h event, starting weights HDX 85 DOT 15, ending weights HDX 40 DOT 60, 2% swap fee.`

The proposed parameters are:

* Mint 22,000,000 HDX bonds with maturity at 2:22:22 on 4th January 2025 (~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 36 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%

#106 Second bonds event