A series of Treasury actions discussed in posts #223 & #224 (links at the bottom) and executed through referenda #8, #10, & #13 have left the Treasury with ~ 4.125 WBTC and ~ 3.698 iBTC.
Discussion #224 proposed that these remaining WBTC & iBTC are diversified in a way to allow the opening of new Omnipool markets using Snowbridge for high volume, high liquidity assets - namely LINK, LDO, SKY & BNB. Unfortunately BNB, as a BEP-20 asset and not based on Ethereum mainnet, is unavailable through Snowbridge - so the following actions are a prerequisite to accumulation of LINK, LDO & SKY only.
I have opted to first swap WBTC & iBTC into stablecoins, followed by creation of OTC orders from stablecoins to LDO, LINK & SKY - due to OTC orders at fixed USD pricing being much simpler for users to understand if the price is good vs the market or not.
This proposal, if approved, will create the following DCA schedules:
Swap WBTC for USDT (native)
- over ~
5 days
8 minute intervals0.004584 WBTC per trade- max retries
9
- max slippage
1.5%
Swap iBTC for USDC (native)
over ~ 5 days
8 minute intervals per trade
0.004109 iBTC per trade
max retries 9
max slippage 1.5%
Discussed in post #224 https://hydration.subsquare.io/posts/224 & #223 https://hydration.subsquare.io/posts/223
Executed in ref #13 https://hydration.subsquare.io/referenda/13, ref #10 https://hydration.subsquare.io/referenda/10, & ref #8 https://hydration.subsquare.io/referenda/8