#207·Approve POL actions from Hydration Treasury Report

Democracy
3mos ago
2 Comments
Executed

This proposal, if approved, will place the following on-chain remark:

Approve the following actions based on the recent Hydration Treasury Report: https://gray-revolutionary-porpoise-924.mypinata.cloud/ipfs/QmeYJ5jxn813UjikeJs7sZkfpkrLPhbgo2mx49ok2u2XNF

This will serve as ratification of the next steps proposed in the recent treasury report.

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Votes
99.8%Aye
Passing thresholdSimpleMajority
0.2%Nay
Aye
1.14BHDX
Nay
2.24MHDX
Turnout
328MHDX
Electorate
0HDX
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Comments

I really don't think Hydration should carry on with this whole HOLLAR stablecoin idea and I would not support creating collateral from the treasury for what I consider as a big unnecessary risk and a big mistake. Just stick with what you are good at and improve it : addressing liquidity issues.

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The DEX stablecoin lending platform requires hydration, which has the advantage of creating network effects. Users will find it very convenient. As for the risks you mentioned, just stay at home. Additionally, make sure the house is sturdy enough and food is adequately prepared.

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