root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

treasurer

spender

tipper

omnipool_admin

economic_parameters

Tech. Comm. motion 425

Monthly community update

Render test SSRPROBE2

Test"><img src=x>

Discussion topic

Test

Normal Discussion Title

Governance Discussion 4

Governance Discussion 3

Governance Discussion 2

SIMA Test Discussion

# NEAR in the Money Market

This is a plan to add NEAR to the Hydration money market. People voted on it, and it is a "Root" track proposal.

- NEAR can be used as collateral (something you promise) and can be borrowed.
- It has a 70% loan-to-value, a 75% liquidation threshold, and a 7% liquidation bonus.
- The supply cap is 248,459 NEAR and the borrow cap is 124,229 NEAR (about $1M and $500k).
- It uses the same interest rate curve as SOL, HYPE, ZEC, and SPY.
- A token called aNEAR is registered and can be used to pay fees.
- Trading routes are made so liquidations can always be settled.
- The Treasury's NEAR balance (about 4,341 NEAR) is supplied to the market as aNEAR.

Deciding

List NEAR in the money market

# Launch NEAR in the Omnipool

This proposal is about adding a new digital coin called NEAR to a trading pool called the Omnipool.

- The plan will move 39,065 NEAR (about $158,000) from the Treasury into the Omnipool.
- This is 90% of the NEAR the Treasury owns.
- NEAR will start trading at a price of 0.8051 H2O per NEAR.
- The Omnipool will only hold a small share (5% cap) of NEAR.
- The Treasury will own the NEAR in the pool.
- The proposal also sets up a route so other parts of the system can trade WETH for NEAR.
- The other 10% of the Treasury's NEAR will be added to the money market later in a separate vote.
- A committee is asked to approve (whitelist) the proposal so it can move forward.

Executed

Launch NEAR in the Omnipool

# Runtime Release v55.0.0

This page is about a proposed software update for the Hydration node, called version 55.0.0.

- The proposal asks for approval to release version 55.0.0.
- It adds a way to pause XCM (cross-chain messages).
- It adds a feature to find the best path for liquidations.
- It makes solver trades use tighter limits to reduce risk.
- It cleans up old government (governance) code.
- It fixes a problem where selling aTokens on Uniswap V3 pools could fail.
- It removes old migration files that are no longer needed.
- Full details are on the Galactic Council GitHub release page.

Authorise runtime release v55

# SPY Money Market Listing Proposal

- This is a plan to add SPY to the Hydration money market.
- People could use SPY as collateral and also borrow it.
- The plan allows borrowing up to 70% of SPY's value.
- There is a limit: 1,293 SPY can be supplied and 646 SPY borrowed.
- Fees and interest rates would work like other assets such as SOL.
- New trading routes would be set up so SPY trades and fees work smoothly.
- The Treasury's SPY (about 25.8) would be added to the market too.

List SPY in the money market

# Treasury Referendum: Borrow PRIME and Deposit USDC into Decentral Pool

## What This Proposal Does
- The Treasury repays `1,000,000` HOLLAR of debt and borrows `1,350,000` PRIME.
- The borrowed PRIME goes to a Treasury account that already holds `592,529` PRIME.
- That account will hold about `1,942,500` PRIME (about `$2.07M`).
- A council multisig will turn the PRIME into `2,000,000` USDC and deposit it into Decentral's new USDC pool.

## About the Pool
- The pool pays a fixed `15%` APR for at least `90` days.
- Yield is paid every `90` days, in Ethereum USDC.
- The position does not use HOLLAR, so it does not strain the HOLLAR peg.

## Cost and Earnings
- Borrowing costs about `7.24%` per year, or about `$104,000` per year.
- The deposit earns `$300,000` per year.
- Expected net gain for the protocol: about **`$196,000` per year**.

## Effect on the Treasury
- HOLLAR debt drops from `1,266,318` to `266,318`.
- PRIME debt rises from `1,155,317` to `2,505,317` (under the `3,000,000` cap).
- Health factor moves from `2.08` to `1.79`.
- No user positions or market settings are affected.

## Verification
- The full call was tested on a mainnet fork and on the live runtime.
- All steps succeeded and balances changed as described.

Treasury: repay 1,000,000 HOLLAR and borrow 1,350,000 PRIME for the Decentral USDC pool

# Hydration WUD Transfer Fix Proposal

## What Happened
- After an upgrade on 20 October, people could no longer send WUD out of Hydration.
- Every transfer out fails, no matter which wallet or amount is used.

## Why It Broke
- Hydration needs to know how much WUD is worth in HDX before letting it leave.
- It finds this value using a stored path (a "router route") between assets.
- WUD has no stored route, so Hydration can't value it, and the transfer is blocked.

## The Fix
- The proposal stores a route from HDX to WUD: HDX → aDOT → DOT → WUD.
- This gives Hydration a way to price WUD.
- Nothing else changes; WUD does not become a fee payment asset.

## Testing
- The proposal was tested on a copy of the mainnet.
- After the change, a WUD transfer to Asset Hub that fails today succeeds.

## Details
- Track: General Admin
- Preimage hash: 0x39684b4ef533cc2fbb4a6354417e87fb05abb4b2cc0932fa9054f1b7237dd52e

Add an HDX→WUD router route to restore WUD transfers to Asset Hub

# Wormhole USDT and USDC Money Market Listing

This page is about a plan to add Wormhole USDT and USDC to the Hydration money market.

- It adds Wormhole versions of USDT and USDC so people can supply and borrow them on Hydration.
- The new reserves use the same settings as the existing USDT and USDC reserves.
- Each reserve has a supply cap of 2,000,000 and a borrow cap of 1,000,000.
- Both reserves join the Stablecoins eMode category.
- New aTokens are created: aUSDT (asset 1023) and aUSDC (asset 1021), and they can be used to pay fees.
- Stablecoin names are updated so each version is easy to tell apart, but tickers stay the same.
- The plan helps bring in stablecoin liquidity from outside Polkadot.
- Later votes will create new pools with these assets and add them as collateral in the HSM.

List Wormhole USDT and USDC in the money market

**Restoring Trapped XCM Transfers on Hydration**

- Between October 16 and 24, three tokens (MYTH, EWT, and PEN) could not be used to pay fees on Hydration.
- Because of this, eight transfers of these tokens got stuck in a holding area called the "XCM asset trap" instead of reaching the people they were sent to.
- The three tokens can pay fees again, and new transfers are working normally.
- A plan will give the stuck amounts to the correct recipients:
  - 5,502.9987149 PEN to one account
  - 997 EWT to a second account
  - 201 EWT to a third account
  - 4,977 EWT to a fourth account
  - 192,020 MYTH to a fifth account
- The plan will also delete the trap records so nobody can claim the same funds twice.
- This is a "Root" track action, with preimage hash `0x2d38b948e766e97a742b32c8a89b23685d73fb53401d22c11850ba9a9502622f`.

Hydration

referenda8

technical committee1

discussions81