This proposal, if approved, will place the following on-chain remark: Approve the POL diversification strategy detailed in this doc: https://olive-worried-toucan-812.mypinata.cloud/ipfs/QmaaFpZVGdr338LQYYLJ8BHHwF48sbhG2gmq5nz8H5uBtv

This on-chain remark ratifies the POL diversification strategy outlined in this discussion: https://hydration.subsquare.io/posts/215

The only change versus the initial discussion is to use Snowbridge for AAVE - as well as sUSDe & sUSDS in order to evangelise this critical ecosystem infrastructure and minimise additional exposure to trusted bridges where possible.

The ipfs text is as follows:

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POL diversification approved actions

The below actions are approved by HDX holders to diversify Protocol Owned Liquidity (POL):

$400K into SOL

• swap $150K equivalent of sUSDS for USDC on CowSwap
• swap $150K equivalent of USDC (Moonbeam routed liquidity) for SOL through an OTC order on Hydration
• swap $250K equivalent of sUSDS for SOL through a DCA schedule on Hydration, once SOL & sUSDS are live for trading

$400K into AAVE

• authorise the Hydration Council to swap $200K equivalent of sUSDS for AAVE using CowSwap
• swap $200K equivalent of sUSDS for AAVE through a DCA schedule on Hydration, once AAVE & sUSDS are live for trading

$200K into SUI

• swap $100K equivalent of sUSDS for USDC on CowSwap
• swap $100K equivalent of USDC (Moonbeam routed liquidity) for SUI through an OTC order on Hydration
• swap $100K equivalent of sUSDS for SUI through a DCA schedule on Hydration, once SUI & sUSDS are live for trading

Remaining ~$303K into HDX

• swap the remaining sUSDS (currently approximately $303K) for HDX through a DCA schedule on Hydration, once sUSDS is live for trading

Evangelise Snowbridge wherever possible

• AAVE, sUSDS & sUSDe should be bridged to Hydration via Snowbridge in order to minimise exposure to trusted bridges