Delegation Report - blackk_magiik

[blackk_magiik]

Delegate Name: blackk_magiik
Delegate ID: Moonbeam
Delegation Address: 0x47a15e9165ee60164d0c3c84b2227989698820ad
Voting activity:

Network: Moonbeam

[Proposal: MB 123] Withdraw and return 430k GLMR of Treasury owned funds from Hydration LP

[Proposal: MB 123] Withdraw and Return ~430,000 GLMR of Treasury-Owned Funds from Hydration Omnipool Over two years ago, Proposal #12 was passed to list GLMR in the HydraDX Omnipool. As part of this initiative, 500,000 GLMR were transferred cross-chain to Moonbeam Treasury’s Sovereign Account on Hydration and added to the Omnipool to help bootstrap GLMR liquidity. Since that time, the LP position has experienced notable impermanent loss and earned no yield, as the funds were not included in any…

Your vote: Yes

In favor of pulling the ~430k GLMR from the HydraDX omnipool. This was inititally started in MB12 proposal to bootstrap cross chain liquidity. That is no longer needed as the pool has over 30,000,000 GLMR token. Since the bootstrap amount is no longer needed, might as well return it back to the treasury for other incentivized projects/funding.

Date: 8/17/2025