As part of the ongoing Hydrated Strategy discussion (https://hydration.subsquare.io/posts/251) - this proposal, if approved, will:
- place the following on-chain remark:
Request the Technical Committee to whitelist a follow-up referendum to launch PRIME as collateral and the PRIME-HOLLAR stablepool
- create a DCA to withdraw HOLLAR from
149,000 HUSDS shares over ~1 hour
- create a DCA to withdraw HOLLAR from
149,000 HUSDe shares over ~1 hour
- create an OTC order for
539,691.88 PRIME - offering 550,000 USDT - this is a 0.2% premium to the calculated spot price of PRIME on Saturday 7th February, when this proposal is expected to execute
- create an OTC order for
539,691.88 PRIME - offering 550,000 USDC - this is a 0.2% premium to the calculated spot price of PRIME on Saturday 7th February, when this proposal is expected to execute
Once the OTC orders have been filled, a subsequent referendum will be whitelisted next week to:
- launch PRIME as collateral - in Isolated mode (can borrow only HOLLAR)
- max LTV:
85%
- LT:
88%
- liquidation penalty:
5%
- supply cap:
5,000,000
- debt ceiling:
2,222,222
- launch a PRIME/ HOLLAR stablepool with
~$500,000 of PRIME and 500,000 HOLLAR