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.

[@13Aw...tdZS](13AwhP88RjKzy1VcNC1ASJA95bM1dPxHbjhBca66jph5tdZS-hydradx) Good point, let's add both XAUt and PAXG.

[@12RX...x8rZ](12RXVJp3aaR5coJFzxDdq6PAgaJwk59CJZ9a5JbmJXvMx8rZ-hydradx) listing both ties up much more capital in a non-volatile asset and it requires deep liquidity to enable supply and borrowing with those assets.

[@13Aw...tdZS](13AwhP88RjKzy1VcNC1ASJA95bM1dPxHbjhBca66jph5tdZS-hydradx) 

Add both and make a GIGAGOLD ! :D

[@Giraffe](15393VqXBSpxYDXALvGxbaeZoHwfDmh3jgG2t2iGK9vSAx7K-hydradx) Which one do you think is better?

[@13Aw...tdZS](13AwhP88RjKzy1VcNC1ASJA95bM1dPxHbjhBca66jph5tdZS-hydradx) Small correction - CMC is really bad for any information, so you should look at CG instead. XAUt actually has higher mcap ($1.4B) vs PAXG ($1.1B).

That being said, 24h volume seems pretty comparable between the two with PAXG volume being on much more reputable exchanges such as Binance, etc - our arbitragers typically use Binance & Kraken so those integrations are pretty useful to us also.

So I am personally leaning more towards PAXG vs XAUt as a result - I wouldn't want to list both as that's just fragmenting liquidity.

[@xupanweb3](1TW9Ygr9c2gQ76EZB9qyM2infUxn7Pt8CJBNQZiZ18UXSRk-hydradx)  [@lolmcshizz](149AQApEw4Xe1DxWesqywiuGQHazbETMgWgT89WjEYFAc29y-hydradx) 

I'm leaning towards PAXG. Reasoning:

- more volume
- more unique holders & monthly TX
- better exchange listings
- much better supply distribution

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.

[@Leemo](1HGnvAkk9nbfZ58CzUJhjcrLdEDMkr5qNkqqYkyD5BF5v6Y-hydradx) Yes, we don’t need to like gold. But for DeFi, gold is a good asset. We want this market.

As I always say, hydration (not us) needs to like all assets that users like. Everything else is just a matter of limited resources and priorities.

This thread is incredibly ambitious.

## 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
![](https://i.ibb.co/9k8rQQxX/SCR-20250919-jxwr.png)

## Other cryptocurrencies
![](https://i.ibb.co/QjMZ9FRg/SCR-20250919-jydm.png)


Hydration POL Update Q3 25

TLDR

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

Outstanding approved actions

Suggested next steps - key points

Suggested next steps - full list

Additional Supply & Borrow collateral options

Stable

Other cryptocurrencies