This proposal, if approved, will transfer `185,222` sUSDS from the Hydration Treasury to `16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE` - a `3/5` multisig consisting of ex-Hydration Council members lolmcshizz, Leemo, Giraffe, Crane & Jose.

Through referendum `#189` (https://hydration.subsquare.io/democracy/referenda/189) HDX holders voted to accumulate `$200,000` sUSDS equivalent of jitoSOL through OTC. By executing this through a multisig instead of directly from governance action, we can ensure that the price executed is as close to market price as possible - as waiting multiple days to place an OTC order could result in paying far too much for those assets, or failing to accumulate them at all.

The funds will be used as follows:

- `185,222` sUSDS swapped to HOLLAR (DCA or individual trades)
- `200,000` HOLLAR swapped to jitoSOL using OTC

The multisig signers will attempt to place OTC orders for jitoSOL between `1 - 2%` of market spot price in order to offer a small premium to the order fillers, whilst achieving the best price for Hydration DAO.

Once the OTC orders are completed, multisig signers will transfer all jitoSOL back to the Hydration Treasury.


- We're moving money to buy jitoSOL, a type of digital asset.
- People voted to spend $200,000 on jitoSOL.
- Using a special group wallet helps us get a better price.
- We'll first swap our money for HOLLAR, another digital currency.
- Then we'll swap HOLLAR for jitoSOL.
- We aim to pay just a little more than the market price.
- After buying, we'll send all the jitoSOL back to our treasury.

call

Deciding

Submitted

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DecisionStarted

treasurer

Transfer 185,222 sUSDS for jitoSOL OTC

root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

spender

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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.