Following from the enactment of referendum #121 Remove KILT & CFG from Omnipool (https://hydration.subsquare.io/referenda/121) - the Hydration Treasury now holds:

• 1,168,855 CFG tokens worth ~$309,629.69 at the time of posting [29-07]
• 4,634,452 KILT tokens worth ~$106,036.26 at the time of posting [29-07]

I am creating this discussion to determine suitable next steps for these assets - as both have ongoing migrations and will become worthless within months if they are not migrated. Some potential next steps could include:

• transfer them to a multisig of ex-Council/ IGL members in order to migrate the tokens and:

  • sell them for other assets or stablecoins, to be returned to the Treasury
  • return them to the Treasury for holding (note that neither amount is sufficient to enable trading in Omnipool & we would need to explore bridging options to bring them back to Hydration)

• create OTC orders for other assets or stablecoins, at some discount to market price in order to decentralise the effort to migrate the tokens and remove unnecessary complexity (my personal preference)

If the second presented option of OTC orders were selected, I'd propose to use a multisig to create them in batches at some spot price discounted % in order to be more reactive to market price where needed.

Are there other suggestions for what to do with these assets? Keen to discuss all options before moving forward!