This referendum, if passed, will approve the funding of development of the HydraDX Protocol by placing the following on-chain remark:

`Put aside 5M DAI of the LBP funds to be used for research, development, auditing, marketing, and other activities which directly benefit the HydraDX Protocol during the upcoming 2 years. The funds will be distributed by the HydraDX Council in installments equivalent to no more than 6 months' runway.`

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The full vision for the upcoming features is laid out in [this blog](https://hydradx.substack.com/p/the-future-is-hydrated) and a discussion with the community has been ongoing [here](https://hydradx.subsquare.io/post/51).

- There is a referendum to approve funding for the development of the HydraDX Protocol.
- The funding will be 5M DAI and will be used for research, development, auditing, marketing, and other activities for the protocol.
- The funds will be distributed by the HydraDX Council in installments over 2 years.
- There is more information about the features and a discussion with the community in a blog and forum post.
- The referendum needs to be passed for the funding to be approved.

HydraDX Funding Proposal

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