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Tech. Comm. motion 408

[Democracy] Public proposal #9

# Treasury: WBTC to tBTC Conversion and NEAR Accumulation

## Summary

This is a plan to move some of the Treasury's Bitcoin (WBTC) to a new form (tBTC) and to slowly buy NEAR tokens.

## Key Points

- The plan moves all of the Treasury's WBTC (about $864k) to a special wallet called a multisig.
- First, the Treasury takes back its aWBTC (about 5 aWBTC) from the money market and turns it into WBTC.
- Then it sends all WBTC (about 10.569 WBTC) to the multisig.
- Most of the WBTC should be changed into atBTC and sent back to the Treasury.
- $200k of it goes to the Council multisig instead.
- The Council will slowly trade that $200k for HOLLAR and buy $200k of NEAR.
- The new NEAR will then be used for trading and lending.
- All steps happen together: if the first step fails, nothing else happens.
- No other Treasury money or protocol settings are changed.

Deciding

Treasury: convert WBTC -> tBTC + accumulate NEAR

# Hydration Node v54.0.1 Release Proposal

This is a plan to update the Hydration computer system (called a "runtime") to version **v54.0.1**. If approved, the new version will be released.

- **ICE improvements:** Many changes make the "ICE" trading system work better. ICE is the system that matches buy and sell orders.
- **Removal of "shitcoin casino":** A feature that let anyone add new coins and pay fees with them is being removed.
- **Bug fixes:** Several problems are fixed, including mistakes with cross-chain deposits and selling.
- **Cleanup:** Old, unused code and migration files are removed.
- **Testing updates:** Tests are updated to match the new version.
- **Small tuning:** Speed and price-smoothing changes make trading work a bit better.
- **More details:** Full release notes are available on GitHub.

Executed

Authorise runtime release v54.0.1

# Removing 36 Fee Currencies on Hydration

## What is this?
- This is a plan to stop letting people use **36 different coins** to pay small fees on Hydration.
- These coins are **no longer traded** on Hydration.

## Why do it?
- When people pay fees with these coins, the fees go to a group called the **Treasury**.
- The Treasury **cannot use or trade** these coins easily.
- Almost nobody uses them: in **30 days**, only **12** of the coins were used, in **321** payments worth about **$1.43** total.

## What happens?
- Only the **option to pay fees** with these coins goes away.
- **Sending, trading, and holding** these coins still works fine.
- Other coins like **HDX, DOT, stablecoins, ETH, and BTC** are **not** removed.

## What should people do?
- If your wallet uses one of these coins to pay fees, **pick a different coin** in your wallet settings.

Remove 36 assets from the accepted fee currencies

# HYPE in Supply & Borrow

A proposal to let people use **HYPE** in a money market (a place where people lend and borrow tokens).

- If approved, HYPE can be used as collateral (like a deposit to borrow against) and can be borrowed.
- Settings: 70% LTV, 75% liquidation threshold, 7% liquidation bonus.
- There are caps on how much can be supplied and borrowed.
- The price comes from the HYPE/USD oracle.
- It also sets up routes so liquidations can always happen.
- The Treasury will supply all its HYPE (about 253) to the market.
- This is a Root track proposal.

List HYPE in Supply & Borrow

# Treasury Transfer to IGL Multisig

## What is this?
- This is a plan to send about $100,000 of digital money from a big shared wallet called the **Treasury**.
- The money goes to another wallet called the **Intergalactic Limited multisig**.

## Why?
- The goal is to help start special trading pools.
- Half of each type of money will be swapped for a coin called **HOLLAR**.

## What gets sent?
- 0.31 atBTC (about $25,500)
- 10.5 GETH (about $26,100)
- 240 GSOL (about $25,600)
- 6.1 aPAXG (about $25,200)

## What happens next?
- The multisig wallet will add the money to special pools.
- Then it gives the pool shares back to the Treasury.

## Other details
- Nothing else in the Treasury changes.
- This is run by the **Treasurer** track.

Treasury: transfer $25k each of atBTC, GETH, GSOL and aPAXG to the IGL multisig

Sweep up  unsanctioned contracts code

# Launch HYPE in the Omnipool

- A group wants to add a new digital token called HYPE to a trading pool.
- They will move 2,050 HYPE (about $166,500) from the community's savings to the pool.
- HYPE will start trading at a set price.
- Only a small part of the pool (5%) will be HYPE at first.
- The community's savings will own the HYPE part of the pool.
- They will also set up a path so other tokens can be traded for HYPE.
- A group called the Technical Committee needs to say "yes" first.
- Adding HYPE to the money market will happen later in a different vote.

Launch HYPE in the Omnipool

# Treasury: Add Council Multisig as Proxy to PRIME Position

## What is happening?
The Treasury wants to add a Council group (called a multisig) as a helper on a special money account.

## Why?
The Treasury has money in a "looped PRIME position." This means it borrowed money to buy more PRIME. Now they want to close it.

## Why close it?
- It helps refill the HOLLAR Stability Module.
- It brings USDT and USDC borrow rates back to normal.
- The money can be used for better things.

## What will happen?
- The Council multisig gets permission to use the PRIME account.
- No referendums needed for each small step.
- The Treasury tells the multisig to unwind the position.
- All USDT, USDC, and HOLLAR borrows get paid back.

## What does NOT change?
- No funds move right now.
- No other accounts or settings change.

## Extra facts
- The Council multisig can act at any time, with no delay.
- A small deposit of 0.99 HDX is set aside.
- This was tested on a fake copy of the network and it worked.

Add the Council multisig as proxy to the PRIME position account and instruct the unwind of the looped PRIME position

TimedOut

[accidental duplicate - please disregard]

## DIA Oracle Payment Request

- DIA is asking Hydration for payment for its oracle services.
- The payment is for three months of work already done.
- The total amount is $11,287.50.
- The community asked to pay in HOLLAR, a stablecoin, instead of HDX.
- Each month normally costs $3,762.50 in HDX.
- The HDX price used comes from a 7-day average on Hydration's website.
- The money will be sent to this address: 179G9qcvusRUD2biezA6sYFreFUA9bcdSnueVKb4RwbZj1K.
- DIA says it is happy to keep helping the Hydration money market.

Hydration

referenda11

democracy1

technical committee1

discussions25