Hydration POL Update Q3 25

149A...c29y

2d 16hrs ago

Treasury

TLDR

`$21,224,162` non-HDX Protocol Owned Liquidity (POL)

Of which

$6,306,880 in stablecoins
$14,917,282 in other cryptocurrencies (> $1,000)

Full breakdown available in the tables at the bottom of this post

Outstanding approved actions

accumulate another $250K of SOL from sUSDS
accumulate another $200K of AAVE from sUSDS
accumulate another $100K of SUI from sUSDS
accumulate another ~$414K of HDX from sUSDS

Suggested next steps - key points

use jitoSOL (Moonbeam Routed Liquidity) with aSOL to launch GIGASOL
use EURC from Base using Hyperbridge to launch EURC in Omnipool
accumulate Gold (XAUt or PAXG) (Snowbridge) to launch Gold as tradeable asset in Omnipool + add as Supply & Borrow asset
accumulate ENA (Snowbridge) and launch in Omnipool
launch HYPERUSD & HYPERETH to support Hyperbridge x Hydration functioning as the ultimate decentralised, fast & trustless token gateway

Suggested next steps - full list

switch $250K accumulation of SOL from sUSDS to $200K jitoSOL (OTC) & $50K SOL (DCA) in preparation for GIGASOL
deprecate 4-Pool
- launch new 3-Pool (HOLLAR x USDC (MRL) x USDT (MRL)) outside of Omnipool as replacement ($200K of each)
- HOLLAR for 3-Pool sourced from HSM using aUSDT
swap DAI ($200K) for EURC (sourced from Base using Hyperbridge)
- launch EURC in Omnipool
launch CFG (migrated) in Omnipool using Snowbridge
swap various stablecoins in the Treasury for HOLLAR, to simplify POL stables
swap all tradeable POL < $2000 for HDX
accumulate $200K Gold (XAUt or PAXG) (snowbridge) using POL DOT (staking rewards & MM Treasury) + launch Omnipool trading + explore earliest possible Supply & Borrow listing once sufficient liquidity
- $100K OTC + $100K DCA (first to stables for OTC for simpler accounting)
accumulate $200K ENA (snowbridge) using POL GDOT + launch Omnipool trading
- $100K OTC + $100K DCA (first to stables for OTC for simpler accounting)
swap $400K of stables from 4-Pool for HYPERUSD assets equally:
- Arbitrum USDC
- Base USDC
- BSC USDT
- HOLLAR
Swap $300K of GETH for HYPERETH assets equally:
- Arbitrum ETH
- Base ETH
- aETH

Additional Supply & Borrow collateral options

AAVE
Gold (XAUt or PAXG)
SOL
GIGASOL
GIGAHDX

Stable

Other cryptocurrencies

Edited

Comments

1TW9...XSRk

Ambitions

13Aw...tdZS

Why XAUt and not PAXG? PAXG has monthly audits and follows NYDFS/MAS regulation while tether doesn't want to get audited on its reserves. Tether seems to be more shady in this matter while PAXG has more transparency. Why not diversify on a reliable source for tokenized gold?

Also Hydration already has reserves from Tether in the form of USDT, it would be better to diversify its reserve issuers to mitigate risks.

What is more PAXG has better accessibility for retail given that is listed on Binance, Coinbase, etc. while XAUt not.

PAXG is better than XAUt in every way, if you look at market capitalization it has 1.1B dollars and is ranked #76 while XAUt has 934M of market capitalization and is ranked #84 on CMC.

There is no reason to use XAUt over PAXG.

Edited

Up 1

1HGn...5v6Y

I think GIGASOL could bring more TVL to Hydration & further help dispel the notion that Polkadot has no DeFi/wallets etc from external people.

I believe the previous SOL boost helped there too and this would double down on it.

As for the gold, not my cup of tea, but one for the boomers for sure.

15mW...ACCA

Yes, let’s get this moving!