# Treasury Referendum: Borrow PRIME and Deposit USDC into Decentral Pool

## What This Proposal Does
- The Treasury repays `1,000,000` HOLLAR of debt and borrows `1,350,000` PRIME.
- The borrowed PRIME goes to a Treasury account that already holds `592,529` PRIME.
- That account will hold about `1,942,500` PRIME (about `$2.07M`).
- A council multisig will turn the PRIME into `2,000,000` USDC and deposit it into Decentral's new USDC pool.

## About the Pool
- The pool pays a fixed `15%` APR for at least `90` days.
- Yield is paid every `90` days, in Ethereum USDC.
- The position does not use HOLLAR, so it does not strain the HOLLAR peg.

## Cost and Earnings
- Borrowing costs about `7.24%` per year, or about `$104,000` per year.
- The deposit earns `$300,000` per year.
- Expected net gain for the protocol: about **`$196,000` per year**.

## Effect on the Treasury
- HOLLAR debt drops from `1,266,318` to `266,318`.
- PRIME debt rises from `1,155,317` to `2,505,317` (under the `3,000,000` cap).
- Health factor moves from `2.08` to `1.79`.
- No user positions or market settings are affected.

## Verification
- The full call was tested on a mainnet fork and on the live runtime.
- All steps succeeded and balances changed as described.

Confirming

treasurer

Treasury: repay 1,000,000 HOLLAR and borrow 1,350,000 PRIME for the Decentral USDC pool

# Runtime Release v55.0.0

This page is about a proposed software update for the Hydration node, called version 55.0.0.

- The proposal asks for approval to release version 55.0.0.
- It adds a way to pause XCM (cross-chain messages).
- It adds a feature to find the best path for liquidations.
- It makes solver trades use tighter limits to reduce risk.
- It cleans up old government (governance) code.
- It fixes a problem where selling aTokens on Uniswap V3 pools could fail.
- It removes old migration files that are no longer needed.
- Full details are on the Galactic Council GitHub release page.

Deciding

root

Authorise runtime release v55

# SPY Money Market Listing Proposal

- This is a plan to add SPY to the Hydration money market.
- People could use SPY as collateral and also borrow it.
- The plan allows borrowing up to 70% of SPY's value.
- There is a limit: 1,293 SPY can be supplied and 646 SPY borrowed.
- Fees and interest rates would work like other assets such as SOL.
- New trading routes would be set up so SPY trades and fees work smoothly.
- The Treasury's SPY (about 25.8) would be added to the market too.

List SPY in the money market

# Wormhole USDT and USDC Money Market Listing

This page is about a plan to add Wormhole USDT and USDC to the Hydration money market.

- It adds Wormhole versions of USDT and USDC so people can supply and borrow them on Hydration.
- The new reserves use the same settings as the existing USDT and USDC reserves.
- Each reserve has a supply cap of 2,000,000 and a borrow cap of 1,000,000.
- Both reserves join the Stablecoins eMode category.
- New aTokens are created: aUSDT (asset 1023) and aUSDC (asset 1021), and they can be used to pay fees.
- Stablecoin names are updated so each version is easy to tell apart, but tickers stay the same.
- The plan helps bring in stablecoin liquidity from outside Polkadot.
- Later votes will create new pools with these assets and add them as collateral in the HSM.

List Wormhole USDT and USDC in the money market

# Hydration WUD Transfer Fix Proposal

## What Happened
- After an upgrade on 20 October, people could no longer send WUD out of Hydration.
- Every transfer out fails, no matter which wallet or amount is used.

## Why It Broke
- Hydration needs to know how much WUD is worth in HDX before letting it leave.
- It finds this value using a stored path (a "router route") between assets.
- WUD has no stored route, so Hydration can't value it, and the transfer is blocked.

## The Fix
- The proposal stores a route from HDX to WUD: HDX → aDOT → DOT → WUD.
- This gives Hydration a way to price WUD.
- Nothing else changes; WUD does not become a fee payment asset.

## Testing
- The proposal was tested on a copy of the mainnet.
- After the change, a WUD transfer to Asset Hub that fails today succeeds.

## Details
- Track: General Admin
- Preimage hash: 0x39684b4ef533cc2fbb4a6354417e87fb05abb4b2cc0932fa9054f1b7237dd52e

Executed

general_admin

Add an HDX→WUD router route to restore WUD transfers to Asset Hub

# Hydration Cross-Chain Governance Test Referendum

This referendum is a small test to check that Hydration can control things on other blockchains. Hydration is a system where people vote on decisions. This test sends tiny amounts of money on four other chains to see if the voting system works correctly there.

## What It Does
- The test sends two small money transfers on each of four chains: Ethereum, Robinhood Chain, HyperEVM and Base.
- A group called the Technical Committee (TC) speeds up one transfer and cancels the other on each chain.
- Cross-chain governance means Hydration's voters can make changes on other EVM chains by sending messages through a system called Wormhole.

## How It Works
- When people vote yes, Hydration sends messages to the other chains through Wormhole, and guards check the messages are real.
- The controller on each chain checks the message, records the action, and starts a waiting period.
- Normal actions wait 24 hours before they can run, then have 7 days to be executed.
- The TC can speed up an action, cancel an action, or start a recovery action if something goes wrong.

## Test Details
- Each chain gets two transfers of 0.000001 tokens: Ethereum (ETH), Robinhood Chain (ETH), HyperEVM (HYPE) and Base (ETH).
- The TC speeds up the first transfer and cancels the second on every chain.
- All transfers go to the same account: 0x75aE7FDE85b447Aa02E36332F681903f3EE48630.

## Starting Money
- Each controller starts with 0.000002 tokens.
- After one transfer works and one is cancelled, it should have 0.000001 left.

whitelisted_caller

Cross-chain governance: Test control by OpenGov

# Launch SPY in the Omnipool

This is a plan to add a new digital token called **SPY** to a trading pool called the **Omnipool**.

- The plan will move 232.53 SPY (about $179,000) from the group's savings (the Treasury) into the Omnipool.
- SPY will start trading at a set price of 146.787 H2O per SPY.
- SPY can only be a small part of the pool — no more than 5% of it.
- The Treasury will own the SPY position in the pool.
- A trading path from WETH to SPY will be set up so people can trade between them.
- The other 10% of the Treasury's SPY will be listed in the money market later, in a separate vote.
- A committee is asked to mark this plan as approved so it can move forward.

Launch SPY in the Omnipool

Add Staker Space as collator

Add new DIA deployer address to whitelist

**Restoring Trapped XCM Transfers on Hydration**

- Between October 16 and 24, three tokens (MYTH, EWT, and PEN) could not be used to pay fees on Hydration.
- Because of this, eight transfers of these tokens got stuck in a holding area called the "XCM asset trap" instead of reaching the people they were sent to.
- The three tokens can pay fees again, and new transfers are working normally.
- A plan will give the stuck amounts to the correct recipients:
  - 5,502.9987149 PEN to one account
  - 997 EWT to a second account
  - 201 EWT to a third account
  - 4,977 EWT to a fourth account
  - 192,020 MYTH to a fifth account
- The plan will also delete the trap records so nobody can claim the same funds twice.
- This is a "Root" track action, with preimage hash `0x2d38b948e766e97a742b32c8a89b23685d73fb53401d22c11850ba9a9502622f`.

Restore XCM transfers trapped while MYTH, EWT and PEN were not fee payment assets

# Omnipool Farms Extension Proposal

**What is this?**
This is a plan to keep paying rewards to people who put money into Hydration's Omnipool farms — but with 10% smaller rewards.

**What will happen?**
- Five farms (HOLLAR, tBTC, GETH, GSOL and PAXG) will get 3 more months of rewards.
- The reward rate for each farm will go down by 10%.
- Money from the Treasury's unclaimed rewards will be used to pay for it (12,034 PRIME).
- Rewards people already earned are safe and won't change.

**Why do this?**
- Hydration wants to try new kinds of pools (concentrated liquidity pools) that cost less to reward.
- But first, the team needs time to test them carefully.
- So they keep the old farms going a little longer, paying less each time, so people don't all leave at once.

**How to vote?**
- This is a Root track proposal.
- Preimage hash: `0xb9bf6270d071a7c49a472adb371f113306c0fde81a40436e89300b6b5a9f1048`

Extend Omnipool farms by 3 months at a 10% lower rate

# Listing ZEC in the Hydration Money Market

This page is about a plan to add ZEC (a digital currency) to Hydration's money market.

- ZEC can be used as collateral (something you promise) and can be borrowed.
- It gets a 70% loan-to-value and a 75% liquidation threshold.
- There are limits: 809 ZEC can be supplied and 404 ZEC borrowed.
- A new token called aZEC is created and can be used to pay fees.
- Special routes are set up so trades and liquidations always work.
- ZEC/aZEC is added to the ICE solver's routing for intents.
- The Treasury's ~15.7 ZEC is supplied to the money market.

List ZEC in the money market

# Launch ZEC in the Omnipool

This is a plan to add a cryptocurrency called ZEC to a trading pool called the Omnipool.

- The plan moves `141.259` ZEC (about $177k) from the project's savings account into the Omnipool.
- ZEC is added with a starting price of `231.37` H2O per ZEC and a `5%` limit on how much space it can take.
- The savings account (Treasury) will own the ZEC in the pool.
- A path is set up so other parts of the system can trade WETH for ZEC.
- The other 10% of the savings account's ZEC will be used in a separate vote for the money market.
- The Technical Committee is asked to approve this special fast-track request.

Launch ZEC in the Omnipool

# Treasury: WBTC to tBTC Conversion and NEAR Accumulation

## Summary

This is a plan to move some of the Treasury's Bitcoin (WBTC) to a new form (tBTC) and to slowly buy NEAR tokens.

## Key Points

- The plan moves all of the Treasury's WBTC (about $864k) to a special wallet called a multisig.
- First, the Treasury takes back its aWBTC (about 5 aWBTC) from the money market and turns it into WBTC.
- Then it sends all WBTC (about 10.569 WBTC) to the multisig.
- Most of the WBTC should be changed into atBTC and sent back to the Treasury.
- $200k of it goes to the Council multisig instead.
- The Council will slowly trade that $200k for HOLLAR and buy $200k of NEAR.
- The new NEAR will then be used for trading and lending.
- All steps happen together: if the first step fails, nothing else happens.
- No other Treasury money or protocol settings are changed.

Treasury: convert WBTC -> tBTC + accumulate NEAR

# Hydration Node v54.0.1 Release Proposal

This is a plan to update the Hydration computer system (called a "runtime") to version **v54.0.1**. If approved, the new version will be released.

- **ICE improvements:** Many changes make the "ICE" trading system work better. ICE is the system that matches buy and sell orders.
- **Removal of "shitcoin casino":** A feature that let anyone add new coins and pay fees with them is being removed.
- **Bug fixes:** Several problems are fixed, including mistakes with cross-chain deposits and selling.
- **Cleanup:** Old, unused code and migration files are removed.
- **Testing updates:** Tests are updated to match the new version.
- **Small tuning:** Speed and price-smoothing changes make trading work a bit better.
- **More details:** Full release notes are available on GitHub.

Authorise runtime release v54.0.1

# Removing 36 Fee Currencies on Hydration

## What is this?
- This is a plan to stop letting people use **36 different coins** to pay small fees on Hydration.
- These coins are **no longer traded** on Hydration.

## Why do it?
- When people pay fees with these coins, the fees go to a group called the **Treasury**.
- The Treasury **cannot use or trade** these coins easily.
- Almost nobody uses them: in **30 days**, only **12** of the coins were used, in **321** payments worth about **$1.43** total.

## What happens?
- Only the **option to pay fees** with these coins goes away.
- **Sending, trading, and holding** these coins still works fine.
- Other coins like **HDX, DOT, stablecoins, ETH, and BTC** are **not** removed.

## What should people do?
- If your wallet uses one of these coins to pay fees, **pick a different coin** in your wallet settings.

Remove 36 assets from the accepted fee currencies

# HYPE in Supply & Borrow

A proposal to let people use **HYPE** in a money market (a place where people lend and borrow tokens).

- If approved, HYPE can be used as collateral (like a deposit to borrow against) and can be borrowed.
- Settings: 70% LTV, 75% liquidation threshold, 7% liquidation bonus.
- There are caps on how much can be supplied and borrowed.
- The price comes from the HYPE/USD oracle.
- It also sets up routes so liquidations can always happen.
- The Treasury will supply all its HYPE (about 253) to the market.
- This is a Root track proposal.

List HYPE in Supply & Borrow

atBTC

GIGAETH

GIGASOL

aPAXG

# Treasury Transfer to IGL Multisig

## What is this?
- This is a plan to send about $100,000 of digital money from a big shared wallet called the **Treasury**.
- The money goes to another wallet called the **Intergalactic Limited multisig**.

## Why?
- The goal is to help start special trading pools.
- Half of each type of money will be swapped for a coin called **HOLLAR**.

## What gets sent?
- 0.31 atBTC (about $25,500)
- 10.5 GETH (about $26,100)
- 240 GSOL (about $25,600)
- 6.1 aPAXG (about $25,200)

## What happens next?
- The multisig wallet will add the money to special pools.
- Then it gives the pool shares back to the Treasury.

## Other details
- Nothing else in the Treasury changes.
- This is run by the **Treasurer** track.

Treasury: transfer $25k each of atBTC, GETH, GSOL and aPAXG to the IGL multisig

Sweep up  unsanctioned contracts code

# Launch HYPE in the Omnipool

- A group wants to add a new digital token called HYPE to a trading pool.
- They will move 2,050 HYPE (about $166,500) from the community's savings to the pool.
- HYPE will start trading at a set price.
- Only a small part of the pool (5%) will be HYPE at first.
- The community's savings will own the HYPE part of the pool.
- They will also set up a path so other tokens can be traded for HYPE.
- A group called the Technical Committee needs to say "yes" first.
- Adding HYPE to the money market will happen later in a different vote.

Launch HYPE in the Omnipool

# Treasury: Add Council Multisig as Proxy to PRIME Position

## What is happening?
The Treasury wants to add a Council group (called a multisig) as a helper on a special money account.

## Why?
The Treasury has money in a "looped PRIME position." This means it borrowed money to buy more PRIME. Now they want to close it.

## Why close it?
- It helps refill the HOLLAR Stability Module.
- It brings USDT and USDC borrow rates back to normal.
- The money can be used for better things.

## What will happen?
- The Council multisig gets permission to use the PRIME account.
- No referendums needed for each small step.
- The Treasury tells the multisig to unwind the position.
- All USDT, USDC, and HOLLAR borrows get paid back.

## What does NOT change?
- No funds move right now.
- No other accounts or settings change.

## Extra facts
- The Council multisig can act at any time, with no delay.
- A small deposit of 0.99 HDX is set aside.
- This was tested on a fake copy of the network and it worked.

Add the Council multisig as proxy to the PRIME position account and instruct the unwind of the looped PRIME position

Hydrated Dollar

TimedOut

[accidental duplicate - please disregard]

## DIA Oracle Payment Request

- DIA is asking Hydration for payment for its oracle services.
- The payment is for three months of work already done.
- The total amount is $11,287.50.
- The community asked to pay in HOLLAR, a stablecoin, instead of HDX.
- Each month normally costs $3,762.50 in HDX.
- The HDX price used comes from a 7-day average on Hydration's website.
- The money will be sent to this address: 179G9qcvusRUD2biezA6sYFreFUA9bcdSnueVKb4RwbZj1K.
- DIA says it is happy to keep helping the Hydration money market.

Tip Request for DIA Oracle Services on Hydration - Referendum #424

# Extend Supply & Borrow Incentives

## What is this?
- A plan to keep giving rewards on three things: HUSDT, HUSDC, and GIGADOT.
- It makes the rewards last longer, until **15 January 2027**.
- This is **3 more months** past the old end date of 15 October 2026.

## What changes?
- **GIGADOT**: rewards get cut in half, from 78.33 to 39.17 GDOT each day.
- **HUSDT and HUSDC**: rewards stay the same, at 275.6 PRIME each day.
- **HEURC**: rewards stop on 15 October 2026 as planned.

## Cost
- It costs about **50,713 PRIME** and **3,603 GDOT**.
- No new money is needed — the rewards pot already has enough.

## Good to know
- Nothing else changes.
- Rewards people already earned are safe.
- The plan was fully tested and worked with no errors.

economic_parameters

Extend Supply & Borrow incentives on HUSDT, HUSDC and GIGADOT to 15 January 2027

# Wormhole NTT Routes for NEAR and ZEC

## What is it?

This is a plan to turn on two new ways to send tokens between two blockchains: **NEAR** and **Hydration**.

## Which tokens can move?

- **ZEC** (Zcash)
- **NEAR**

## How does it work?

- NEAR is the **middle hub**. Tokens get **locked** there.
- On Hydration, the same tokens get **made** (minted) or **destroyed** (burned).
- Both sides are already built and connected. This vote just **turns them on**.

## Canary limits (safety caps)

- Only **10 ZEC** per day, each way.
- Only **1,000 NEAR** per day, each way.
- These small caps are like training wheels. They will be raised later.

## Who is in charge?

- On Hydration: an emergency admin.
- On NEAR: a DAO (a group vote). The original deployer keys were **deleted**.

## Extra safety

- There is an **emergency off-switch** to stop minting and burning.
- The code was **tested on live data** and it worked.
- A test run showed all **8 expected events**.

## Why it matters

This opens a new bridge for ZEC and NEAR tokens between the two chains, starting small and safe.

Go-live: ZEC and NEAR via native NEAR NTT (canary caps)

referendum_canceller

referendum_killer

spender

tipper

omnipool_admin

OpenGov Referenda

Origin able to dispatch a whitelisted call.

 Origin for spending very high amounts of HDX(<= 50M HDX) from the treasury as well as generally administering it.

Origin able to spend up to 2,222,222 HDX from the treasury at once.

Origin able to spend up to 50K HDX from the treasury at once.

Origin able to perform specific Omnipool-related actions.

OpenGov Referenda

Referenda Tracks