Following on from referendum #279 and subsequent execution depositing the 1,100,000 USDC into Sigil Stable - this referendum, if approved, will:
- mint
1,100,000 SIGIL to the Treasury - this token represents the position held by IGL on behalf of the Hydration Treasury
- add SIGIL as collateral in Supply & Borrow
85% LTV
88% LT
7% LP
1,100,000 supply cap
- supply the protocol's SIGIL position to Supply & Borrow - supporting over collateralisation of future Treasury borrows