Can we number the list instead of bullet points so it's easier to reference specific items?

[@Parakeet](7KejvRw4GZvVjFQEDefAsBRd9iaTjVeUWczB44Mgu8Bue8JW-hydradx) good idea - done :)

That poor neglected DAI, stuck tracking an inflationary government shitcoin. It's overdue for some interest bearing action. 

I fully support it, good report and good initiatives. I especially support removing liquidity from dai which has no yield. However, regarding the point with the distribution of DOT from Omnipool. You propose to allocate 50% to stake, 50% to the money market. I would like us to not forget that Hydration is a defi protocol. Not a validator, not a Polkadot DAO, but a defi hub. I thought that everyone already understood that staking is an antagonist to everything that Hydration is trying to build. Staking is a degroid tool and we should not only discourage it, but also fight it. 
Even Hydration staking itself is a challenge to all of existing the stakes mechanisms. By providing more complex, more profitable tools and features, we must, on the contrary, withdraw liquidity from validators, train and educate passive stakers.
In short, I am against not only adding new assets to staking on behalf of Hydration, but also against staking in general and it would be very cool if, as the market grows, we begin to reduce the existing DOT staking position.
So, as for the 50% of the dot in the stake, I'm sure that this 50% should be used to collateral Hollar.
And all staking DOT rewards should be converted into HDX monthly

[@Greta_Hydra](7LQFHn2XumNti7S657H38F9rtfajhmF4rG6iGSBZVCEShYnJ-hydradx) hey Greta, thanks for the feedback!

I think what is missing here is some rationale for why we'd want to further increase our staking yields!

We've of course mentioned previously that we will need some staking yield in order to pay for coretime when the time comes, but I'm sure you also believe that it's likely to cost near 0 initially 😬 So why seek additional DOT staking yield? Well, there is an idea that we could use some of these staking yields in order to provide additional yield for HOLLAR - which will be an important part of helping to bootstrap it in the early days :)

What are your thoughts on acquiring wSOL to add to the omnipool? Seems like wETH worked quite nicely for onboarding ETH people, maybe we could see something similar from the Solana eco

[@0xa962...1D51](7KATdGbE5XbFCPSbvridUeZW8aXq5ZxzMfQDXkdaPRmGUuAc-hydradx) Although I like this idea, I don't think there's a good trustless bridge available to Solana right now. Snowbridge is only ETH. Hyperbridge can't bridge to Solana because no light client is available (and other technical reasons). Only Composable connects to Solana, but not enough trust in that team.

[@spazcoin](7Nru8rAEfpb1TWkosCo55rxaDo9yXa5dCj5Wno698hkbrgez-hydradx) Wormhole?

I really like what I see 
-buyback of HDX 

-put some stablecoins to work meanwhile is better holding until better user 

- - for now until we see how much will cost the coretime, I guess we need to still stake dot, but maybe yes even if is a little, put some of these rewards to stakers of HDX as well, idk 10% ?

May i know the process on how to add more coin into hydration?

All the proposal is aye, good i think

I would suggest to add more type of coin available to trade in hydration, i believe more famous coin available will attract more user to use hydration...

How often do we do this treasury report?

[@LabuanSarip](7MBBd2NDGKLV7jzgRrQis6o8ShwAQH4gWYzjNcizgaLdQcef-hydradx) 

Who is providing the necessary liquidity for this is always the question.

[@Crane](7L1jebaeGNykbey5gZhZCD4PLVLtjPm5RKpKXRYV4NXsF6TM-hydradx) 

sorry for stupid question, i am curious, how much initial liquidity is needed for new asset?

I support all the proposed actions! Like the direction where it's going.

Yes all of the proposed actions seem like a good idea. Also:
* in addition to using the 17.47 WBTC currently in the treasury account, I would also recommend withdrawing the excess 18.52 WBTC in the iBTC/WBTC 2-Pool currently. That would bring the price of iBTC back to parity.
* It would be interesting to swap some WETH for Lido staked `wstETH` so that could be used as another money market collateral in the future.

All AYE. And I would recommend not rushing the HDX buyback and/or stretching it over a longer timeframe.

# Hydrated Treasury Report

After 18 months of Omnipool operation I am today presenting to you an updated Treasury report - detailing Hydration POL and making some recommendations wrt next steps.

Before updating where we currently stand, it's worth reviewing our actions to date:

- 22,473,287.33 DAI accumulated as Protocol Owned Liquidity during the Hydration LBP in March 2021
- [5,000,000 DAI set aside to fund development of Hydration for 2 years](https://hydration.subsquare.io/democracy/referenda/35)
- [495,000 DAI paid to a whitehat & immunefi for the discovery of a critical vulnerability in Omnipool](https://hydration.subsquare.io/democracy/referenda/41)
- The remaining 16,978,287.33 DAI was approved for diversification & partial deployment into the Omnipool through multiple diversification referenda - [Q1](https://hydration.subsquare.io/democracy/referenda/18) & [Q2+](https://hydration.subsquare.io/democracy/referenda/43) proposals

So where are we now?
## TLDR; Hydration POL is currently valued at ~$24,540,000
// this is excluding HDX sitting in the Treasury outside of those that were purchased with 1M POL DAI using DCA.

**A full breakdown of these assets and where they are deployed can be found [here](https://docs.google.com/spreadsheets/d/1GupyK_0KG3aeYDlu_ysfkl7Lm-cnBUD6DP6wOu3W32E/edit?usp=sharing).**

----
## POL Highlights


- 17.47 WBTC (~$1.2M) in the Treasury
- 309.16 WETH (~$1M) in the Treasury
- 8,267.43 H2O (~$282K) in the Treasury
- 239K USDT (native) in the Treasury
- ~242K DOT ($1.4M) equivalent value held by protocol in Omnipool
- 3.28M DAI currently unallocated on the [Hydration Council multisig](https://app.safe.global/balances?safe=eth:0xc8d5a24e71EAAcf6ecB1E850c0Face14B179D3B8) 

----
## Proposed Actions


1. Deposit all 17.47 WBTC into the Hydration Money Market & as potential collateral for HOLLAR
2. Swap 309.16 WETH (MRL) for the Snowbridge equivalent and deposit in the Omnipool - (Snapshot approved [here](https://voting.opensquare.io/space/hydradx/proposal/QmQdPXTTjBwj24WqjWwMT4km8K1NQdGVmChegpuFmK31CD))
3. DCA 8,267.43 H2O into HDX to return that value to HDX holders - to be distributed later to HDX stakers
4. Withdraw all POL DOT positions from Omnipool due to significant liquidity depth - with 50% to be staked and 50% to be deposited into the Hydration Money Market
5. Swap 0.52 iBTC for HDX - to be distributed later to HDX stakers
6. Swap 1M unallocated DAI to sDAI (7% APR) with the intention to deposit it into the Omnipool to enable Yield DCA strategy with stablecoins
7. Swap 1M unallocated DAI to sUSDe (11% APR) with the intention to deposit it into the Omnipool to enable Yield DCA strategy with stablecoins
8. Swap remaining 1.28M unallocated sDAI - to remain in the Council-controlled multisig generating yield until a suitable allocation is agreed
9. Authorize the Hydration Council to swap the remaining 1.25M DAI allocated for protocol development to sDAI - accruing yield at 7% APR

**This discussion will remain live for 1 week, before feedback is collected and an updated proposal is submitted on-chain for approval by HDX holders.**

Here is a summary of the SubSquare post about the Hydrated Treasury Report:

- The report talks about Hydration POL and makes some recommendations for next steps.
- They accumulated 22,473,287.33 DAI during the Hydration LBP in March 2021.
- They set aside 5,000,000 DAI for the development of Hydration for 2 years.
- They paid 495,000 DAI to a whitehat & immunefi for discovering a critical vulnerability in Omnipool.
- Hydration POL is currently valued at ~$24,540,000.
- They proposed actions like depositing all 17.47 WBTC into the Hydration Money Market, swapping 309.16 WETH for the Snowbridge equivalent, and withdrawing all POL DOT positions from Omnipool due to significant liquidity depth.
- The discussion will remain live for 1 week before feedback is collected and an updated proposal is submitted on-chain for approval by HDX holders.