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Governance Discussion 4

Governance Discussion 3

Governance Discussion 2

SIMA Test Discussion

# 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.

Confirming

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

# 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.

Deciding

List SPY in the money market

# 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

# 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.

Preparing

Authorise runtime release v55

# 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

Executed

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

# Hydration Cross-Chain Governance Test Referendum

This referendum is a small test to check that Hydration can control things on other blockchains. Hydration is a system where people vote on decisions. This test sends tiny amounts of money on four other chains to see if the voting system works correctly there.

## What It Does
- The test sends two small money transfers on each of four chains: Ethereum, Robinhood Chain, HyperEVM and Base.
- A group called the Technical Committee (TC) speeds up one transfer and cancels the other on each chain.
- Cross-chain governance means Hydration's voters can make changes on other EVM chains by sending messages through a system called Wormhole.

## How It Works
- When people vote yes, Hydration sends messages to the other chains through Wormhole, and guards check the messages are real.
- The controller on each chain checks the message, records the action, and starts a waiting period.
- Normal actions wait 24 hours before they can run, then have 7 days to be executed.
- The TC can speed up an action, cancel an action, or start a recovery action if something goes wrong.

## Test Details
- Each chain gets two transfers of 0.000001 tokens: Ethereum (ETH), Robinhood Chain (ETH), HyperEVM (HYPE) and Base (ETH).
- The TC speeds up the first transfer and cancels the second on every chain.
- All transfers go to the same account: 0x75aE7FDE85b447Aa02E36332F681903f3EE48630.

## Starting Money
- Each controller starts with 0.000002 tokens.
- After one transfer works and one is cancelled, it should have 0.000001 left.

Cross-chain governance: Test control by OpenGov

# Launch SPY in the Omnipool

This is a plan to add a new digital token called **SPY** to a trading pool called the **Omnipool**.

- The plan will move 232.53 SPY (about $179,000) from the group's savings (the Treasury) into the Omnipool.
- SPY will start trading at a set price of 146.787 H2O per SPY.
- SPY can only be a small part of the pool — no more than 5% of it.
- The Treasury will own the SPY position in the pool.
- A trading path from WETH to SPY will be set up so people can trade between them.
- The other 10% of the Treasury's SPY will be listed in the money market later, in a separate vote.
- A committee is asked to mark this plan as approved so it can move forward.

Launch SPY in the Omnipool

Add Staker Space as collator

Add new DIA deployer address to whitelist

**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`.

Restore XCM transfers trapped while MYTH, EWT and PEN were not fee payment assets

Hydration

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discussions81