This proposal, if approved, will:
- borrow
452,563.222 HOLLAR
- issue bonds with those HOLLAR with a
3 month + 4.5 day maturity (allowing 4.5 days average voting period)
- place an on-chain remark:
request the Technical Committee to whitelist the sale of HOLLAR fixed yield bonds in a follow-up referendum - purchasing 222,222 USDT + 222,222 USDC @ 6.9% APR
A follow-up referendum will be whitelisted and will:
transfer the HOLLAR fixed-yield bonds to a pure proxy controlled by the Treasury + 16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE - the 3/5 threshold multisig consisting of the following signers:
- Leemo
- Crane
- lolmcshizz
- Giraffe
- Jose
create OTC sales for the HOLLAR fixed-yield bonds
The limited size and method of executing these fixed-yield bonds are intended to serve as a proof of concept before full implementation of codename HODLAR vault - assessing demand for such products alongside execution of multiple yield strategies on Hydration to deliver fixed yields in a single-click solution.