This referendum arms the Ethereum → Hydration USDC corridor of Basejump, Hydration's instant bridge.
Basejump pays the user out of a pre-funded landing pool on Hydration shortly after the Ethereum
deposit, while the Wormhole NTT settlement (~13 minutes) replenishes the pool in the background. The
contracts are already deployed and wired; what remains is a Root-only step: the landing pool's
emergency admin (`0xAA7e…AA7E1`, reachable only through `Dispatcher.dispatch_as_emergency_admin`)
must authorize the receiver and map the USDC route.

No new capital is spent. The landing pool still holds 10,019 EURC from the Base corridor, which
never went live on the current rails. That idle float is withdrawn to the Treasury, sold for USDC
on-chain, and 10,000 USDC is seeded back into the pool. The remainder (~1,622 USDC at current
rates) stays in the Treasury.


# Basejump USDC Corridor Referendum

- **What it is:** A vote to turn on a bridge path. This path moves USDC money between Ethereum and Hydration using a tool called Basejump.
- **How Basejump works:** It is a fast bridge. It gives users their money right away from a pool, then refills that pool later using Wormhole (a slower bridge) in about 13 minutes.
- **What is already done:** The computer programs (contracts) are built and connected. One special admin step is left to finish.
- **The last step:** An emergency admin must say "yes" to the new receiver and connect the USDC route.
- **No new money needed:** No extra money is spent to do this.
- **Using old money:** There is 10,019 EURC sitting in the pool from another path that never started. This money is moved to the Treasury.
- **Swapping money:** The Treasury sells the EURC for USDC on-chain. Then 10,000 USDC goes back into the pool.
- **Leftover:** About 1,622 USDC stays in the Treasury.

calls

Deciding

Submitted

DecisionStarted

DecisionDepositPlaced

root

Basejump: open the Ethereum → Hydration USDC corridor

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

treasurer

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.