The first tranche of HDX buybacks with Treasury H2O is set to complete in the coming days - so this proposal, if passed, would initiate tranche 2 after a few day's break.
Feedback on the initial proposal (https://hydration.subsquare.io/referenda/15) indicated that HDX holders would prefer a slower schedule for the buybacks, so in this tranche I have doubled the number of periods between execution from 22 to 44.
I will continue to propose these buybacks in small 10K tranches in order to allow for the strategy to shift over time - including whether a portion of these H2O should actually be reserved for a type of "HOLLAR defence fund" 👀
The specifics of the schedule are:
- Swap
10,000 H2O for HDX
2.222 H2O per trade- every
44 blocks
1.5% slippage limit9 max retries- estimated to last for
~22 days (there is currently some noticeable drift on Hydration block times, in reality this will likely extend by a few more days)
Maybe add some logic that causes more buying over a shorter period of time if the price goes lower. Having it kick in between 0.004 to 0.007.