I am opposed. 

I feel 11 days is too short. Now is not the ideal time with q1U poised to exit and no momentum or focus on the general ecosystem.




I think the market is going to crash more. We should swap this into stables, and phase in once we go back to support around 0.004 to 0.006.

[@7PAU...Zqrk](7PAU47SuWQwTBwdLi42m1RyCKAvfSPhf5MaYqGExtKzoZqrk-hydradx) 

Your activity and comments are highly appreciated by many here. Would there be a way to contact you directly for more general questions? Could you please reach out to me or [@lolmcshizz](7Ljigfve9PdRqvSjiRGUjVf37rbX3n89ZmaitD2hQQhtLBMN-hydradx) on Discord?

[@7PAU...Zqrk](7PAU47SuWQwTBwdLi42m1RyCKAvfSPhf5MaYqGExtKzoZqrk-hydradx) are u Chinese

[@Giraffe](7MdhKzwvPmvkNv1PQThTPMQLWrxBgKMqcwAJe6EEV2P9uNDv-hydradx) 

I can jump on the Discord tomorrow. 

I just want to make sure we're smart about the HDX buyback. After launching Acala did a huge buy back, and the price crashed a ton almost immediately afterwards. Ideally, we'd do this over three months to a year to take advantage of the Wyckoff accumulation phase. I think we might get a deflationary crash and we don't want to blow our bullets before that happens.

i'll share the chart I have tomorrow. We basically want a three month to year long dca that buys back more the lower price goes. The daily buyback time and amount should also probably be randomized so TheOyster can't front run us with his bots. I don't think that guy is even a long term holder. He's just extracting money from the Dot ecosystem with arbitrage bots.

[@7PAU...Zqrk](7PAU47SuWQwTBwdLi42m1RyCKAvfSPhf5MaYqGExtKzoZqrk-hydradx) FWIW I feel a bit better about timing now that we have cleared out so many longs. 

The truth is that I also think it would be better to make longer DCAs

There have already been enough short-term ones, we need to change a bit

[@Jose Crypto](7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec-hydradx) 

Can you back up your claim with like some logic why this would be better? Some calculations would be grand too. Also are you actually aware of the amount of potential buybacks funds which are there?

Protocol repurchase is not a short-term perspective, at least considering the issue on an annual basis.
It is best to ignore short-term price changes.

I would also be in favor of longer DCAs in the future.

Same for me, I'd support longer DCA schedules but still support this

In favour. Timing this to short term market conditions is a slippery slope that doesn't have a logical endpoint. Having said that this should not be this close and so longer dca's that have deeper community support are preferable for the next tranche.

Wouldn't it be better to use last year's earnings to perform this year's DCA? If too quickly, will run out of money soon.

After successful execution of referendum #10 (https://hydration.subsquare.io/referenda/10) - the Treasury received `~55,000` H2O currently valued at `~$1.75M`.

As with referenda #194 and #181, after discussion with various HDX holders - I propose that we use the Hydration DCA feature to buyback HDX, in multiple tranches in order to allow for us to review the performance and tweak the parameters accordingly.

This proposal, if approved, will create the following DCA schedule:

- Swap `10,000` H2O for HDX
    - `2.222` H2O per trade
    - every `22` blocks
- `1.5%` slippage limit
- `9` max retries
- estimated to last for `~11` days

----

*This proposal should be used to gather feedback for the next schedules that follow this one - I would anticipate `5+` tranches of `~10K` H2O.*

- The Treasury got `~55,000` H2O (worth `~$1.75M`) from referendum #10.
- A proposal suggests using Hydration DCA to buy HDX in small steps.
- First step: Swap `10,000` H2O for HDX.
- Each trade: `2.222` H2O every `22` blocks.
- Slippage limit: `1.5%`.
- Max retries: `9`.
- Expected to last `~11` days.
- More steps like this may follow.

call

Executed

Submitted

DecisionStarted

DecisionDepositPlaced

ConfirmStarted

Confirmed

treasurer

HDX buyback with Treasury H2O - Tranche 1

root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

spender

tipper

omnipool_admin

economic_parameters

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.