This proposal, if approved, will:

• borrow 797,152.68 HOLLAR (topped up with 120,000 HOLLAR already held by the Treasury)
• issue 917,152.68 HOLLAR bonds with a maturity of 2026-11-24 00:00 UTC
• 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 @ 8% APR and rolling over existing HOLLAR bonds @ 9% APR

This is the second batch of HOLLAR fixed-yield bonds, following the fully sold-out first batch (#337). As before, a follow-up referendum will be whitelisted and will:

• transfer the HOLLAR fixed-yield bonds to the 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:

  • 222,222 USDT @ 8% APR
  • 222,222 USDC @ 8% APR
  • the full 452,563.22 issuance of the first-batch bonds maturing 2026-08-25 @ 9% APR - giving existing holders a one-click option to roll over into the new maturity at a premium rate

Rolled-over first-batch bonds will be redeemed at maturity and used to repay the HOLLAR borrowed for the first batch. All rates are net of the 0.1% OTC fee, which flows back to the Treasury.