#249·Transfer 250,000 USDC for SOL & SUI OTC

This is a gov1 proposal and does not accrue staking action points

This proposal, if approved, will transfer 250,000 USDC from the Hydration Treasury to 7P1rya6QroPc2kH7vBZmpZZ5ytyFAJ7dgw3ewwfZbTdWTg6K - a 3/5 multisig consisting of Hydration Council members lolmcshizz, Leemo, Giraffe, Crane & Jose.

Through referendum #187 (https://hydration.subsquare.io/democracy/referenda/187) HDX holders voted to accumulate 150,000 USDC equivalent of SOL and 100,000 USDC equivalent of SUI through OTC. By executing this through a multisig instead of directly from governance action, we can ensure that the price executed is as close to market price as possible - as waiting multiple days to place an OTC order could result in paying far too much for those assets, or failing to accumulate them at all.

The funds will be used as follows:

• 150,000 USDC total through OTC to accumulate SOL
• 100,000 USDC total through OTC to accumulate SUI

The multisig signers will attempt to place OTC orders for SOL between 0 - 2% of market spot price in order to offer a small premium to the order fillers, whilst achieving the best price for Hydration DAO.