Confirming

treasurer

Cancel + redo PRIME loop DCAs

Deciding

economic_parameters

Increase PAXG supply + borrow caps

DCA USDT + USDC -> HOLLAR

Executed

whitelisted_caller

Reduce WBTC supply cap

Transfer DAI for EURC OTC

Treasury PRIME loop part 2

- **DOT Strategy Change:** Switching from `2-9-100` to `1-4.5-50` reduces borrowing costs by half.
- **PRIME Oracle Update:** Adjusting the price oracle to `1.024`.
- **Reason for Change:** Polkadot is cutting its DOT issuance rate by 55% on March 14th.
- **Goal:** Keep GDOT and vDOT looping strategies working well after the change.

Amend DOT Supply & Borrow strategy + update PRIME oracle

- We had a problem before that stopped our plans.
- Now we fixed it!
- We want to swap some aDOT back to DOT.
- Then we will use that DOT to buy atBTC, GETH, GSOL, and aPAXG over time.

Reschedule failed DOT DCAs

Cancel the OTC buyback of 136M HDX

- **Omnipool slip based fees** - New fee system for the Omnipool.
- **Global withdraw limit** - Limits on how much can be withdrawn.
- **Configurable global-withdraw-limit** - The limit can be adjusted.
- **Retry DCA on stableshare lockdown** - Fixes for Dollar-Cost Averaging (DCA) during lockdowns.
- **Treasury H2O trade** - Fixes for treasury trades.
- **Cleanup upgrade migrations** - Cleaned up the upgrade process.

root

Authorise runtime upgrade v45.0.0

- This plan will let people borrow USDT and USDC using PRIME as collateral.
- It will also increase the total amount that can be borrowed against PRIME to 4,000,000.
- Right now, only HOLLAR can be borrowed against PRIME, up to 2,222,222.
- With these changes, you can borrow HOLLAR, USDT, or USDC against PRIME.
- The total borrowed amount for all three can go up to 4,000,000.
- This helps PRIME grow faster and encourages more use of USDT and USDC.
- It benefits HSM and H-Token pools and gives better returns to people who supply USDT and USDC.

Add USDT/C to Isolated mode + increase debt ceiling to 4M

Protocol PRIME - HOLLAR loop

- The CTO of Intergalactic Ltd and Hydration left his job.
- People who own HDX tokens got worried and started selling them.
- The CTO also sold some of his HDX tokens, which made more people sell.
- Someone offered to buy all the CTO's HDX tokens for $150,000.
- The company agreed to buy them for a little less, $123,000, because some were already sold.
- This will help reduce worry and let everyone focus on moving forward.
- The company has money set aside for buying back HDX tokens.

OTC buyback of 136M HDX

- Hydration has about 1.3 million DOT in different places.
- This plan will use around 350,000 DOT to buy four new assets.
- The money will be split: 30% for atBTC, 30% for GETH, 30% for GSOL, and 10% for aPAXG.
- To do this, they will:
  - Take 14,000 DOT from staking rewards.
  - Move 20,000 aDOT from another treasury.
  - Set up four automatic buying schedules over three weeks, with trades every five minutes.

DOT Diversification

Reduce HOLLAR borrow APR to 4.5%

- **GIGASOL Launch**: Adds SOL and a new token, GIGASOL, for lending and borrowing.
- **SOL Details**: Can be supplied or borrowed with specific limits and rules.
- **GIGASOL Details**: Has its own lending rules and a special ID over 9000.
- **New Pool**: Creates a stable pool with two types of SOL tokens.
- **Farming Changes**: Starts a new farm for GIGASOL and stops the old SOL farm.
- **Treasury Update**: Plans to swap some treasury tokens for GIGASOL over time.

Launch GIGASOL

referendum_canceller

Cancel #280

Cancelled

double submit - Cancelling through #281

- We want to move about $1.1 million in stablecoins to a special wallet with five trusted people.
- This wallet needs at least three of these people to agree to use the money.
- The money will be sent to a company called Sigil for safekeeping.
- A company named Intergalactic Limited will check on the money every three months and tell us how it's doing.
- We can only take the money back from Sigil if HDX holders vote to do so in a special poll.
- Any extra money left over will be sent back to the Hydration Treasury.

Hydrated Strategy - Deploy $1.1M stablecoins to Sigil Stable

DCA 300K DOT -> vDOT -> unstake

- The plan is to take out USDT/C stablepool shares from Omnipool.
- This is part of making HOLLAR the main stablecoin used in Omnipool.
- Earlier steps included stopping some farms and adding HOLLAR to Omnipool.
- Now, all stablecoin trades will go through HOLLAR.
- This helps increase trading volume for HOLLAR.
- It also supports people who provide liquidity for HOLLAR.
- The goal is to make HOLLAR stronger even when the market is tough.

Remove 2-pool shares from Omnipool

Cancel #274

- A new pool will be created with PRIME and HOLLAR tokens.
- You can use PRIME as collateral to borrow money.
- There is a limit on how much PRIME can be supplied.
- There is also a limit on how much HOLLAR can be borrowed.
- To use this, your account must be in "isolated mode."
- This means you cannot have other debts or assets set as collateral.
- You can use a new account or clear your current one first.

Launch PRIME

NAY - cancelling in #276

Security patch v2

referendum_killer

general_admin

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