# Treasury: convert delisted Omnipool assets to HOLLAR

The six assets delisted from the Omnipool in the recent referenda series (see the discussion post "Omnipool liquidity strategy: reducing exposure to underperforming assets, cutting liquidity costs, and preparing for concentrated liquidity", https://hydration.subsquare.io/posts/264) left the Treasury holding the protocol-owned share of the removed liquidity. As these tokens no longer trade on Hydration, this referendum moves them out for conversion.

## What this referendum does

The full Treasury balances of the six delisted assets are transferred to the `3-of-5` multisig `16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE`, whose signers will convert them to stablecoins and then to HOLLAR, with the HOLLAR returned to the Hydration Treasury.

Current balances being transferred (`~$582k` total at current prices):
- `~44.0M` ASTR (`~$241k`)
- `~182.3k` SUI (`~$139k`)
- `~41.8k` vDOT (`~$61k`)
- `~3.9M` BNC (`~$50k`)
- `~6.1M` vASTR (`~$48k`)
- `~12.1k` KSM (`~$43k`)

The transfers use transfer-all semantics, so whatever the exact balances are at enactment is what moves — no dust is left behind.

## Why

Converting this freed capital to HOLLAR supports HOLLAR pool balances and the HSM, and gives the Treasury a productive budget for opening new markets on Hydration (e.g. HYPE, ZEC, SPY).

## Verification

The full call was executed on a fork of mainnet: all six balances arrived at the multisig in a single block and the Treasury balances of these assets were zeroed.

Preimage hash: `0x2f6130e5e17ac071be4a422cdc97150dcf744b749fafe5e3a18dd2c63f6ff404`


Hydration's Treasury has six assets that are no longer traded on the platform.

- These assets were removed from the Omnipool.
- The plan is to sell them for stablecoins.
- Then, the stablecoins will be turned into HOLLAR.
- All the HOLLAR will go back to the Treasury.
- The assets include ASTR, SUI, vDOT, BNC, vASTR, and KSM.
- Their total value is about 582,000 dollars.
- This helps support HOLLAR and open new markets.

call

Deciding

Submitted

DecisionDepositPlaced

DecisionStarted

treasurer

Treasury: convert delisted Omnipool assets to HOLLAR

root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

spender

tipper

omnipool_admin

economic_parameters

Origin able to dispatch a whitelisted call.

 Origin for spending very high amounts of HDX(<= 50M HDX) from the treasury as well as generally administering it.

Origin able to spend up to 2,222,222 HDX from the treasury at once.

Origin able to spend up to 50K HDX from the treasury at once.

Origin able to perform specific Omnipool-related actions.