This proposal does three things: it closes the Treasury's aDOT Omnipool
position, it transfers seeding capital to an IGL multisig for
the first HDX/ HOLLAR liquidity venue outside Hydration + additional concentrated liquidity pools on Hydration, and it funds and mandates the
Council multisig to accumulate SPY, HYPE and ZEC.
The Treasury's aDOT position 69068, opened on 2025-12-19 with 100,000 aDOT,
is closed in full. At current pool state this returns roughly 88,000 aDOT and
2,150 H2O to the Treasury.
To 12TyzL1tMod3jm2NvQd5egHDbn2TRdbQTUBEUJ25p6yW31xK, an Intergalactic Limited
multisig:
The GETH and HDX amounts are sized to USD 20,000 each at the Omnipool spot price
at the time this proposal was built, then rounded up to a round figure. Any
excess not deployed is returned to the Treasury. The four USD 5,000 legs are
sized the same way.
To the Council multisig16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE:
This 60,000 HOLLAR is the difference between the stablecoins already held on the
Council multisig and the 600,000 required to accumulate SPY, ZEC + HYPE. With it in
place, the multisig has the full 600,000 HOLLAR available to complete the swap
of all three assets described in section 3.
The funds sent to the Intergalactic Limited multisig seed HOLLAR-ETH,
HOLLAR-HDX and HDX-ETH concentrated liquidity (Uniswap v4) pools on Robinhood
Chain.
The 90,000 aDOT is for the aDOT pool. Whatever portion of it is needed will be
sold for HOLLAR so that the entire lot can be deployed, depending on the pool
ratio at the time.
The four USD 5,000 legs — atBTC, GSOL, GETH and aPAXG — work the same way:
roughly half of each is sold for HOLLAR, and the pair is used to create and
launch a concentrated liquidity pool and a gamma strategy for that asset.
This is purely seeding capital. It is deliberately small. It will be built upon
in follow-up referenda once the pools are operational, and any surplus liquidity
will be returned to the Treasury.
This is the first step in expanding HDX liquidity beyond Hydration, as briefed
in "The Way Ahead":
https://hydration.substack.com/p/the-way-ahead
The proposal also records an on-chain remark, dispatched from the Treasury
account, addressed to the signers of the Council multisig
16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE.
HOLLAR proceeds from the sale of assets delisted from the Omnipool are not to be
transferred back to the Treasury. They are instead to be used to create OTC buy
offers of USD 200,000 each for SPY, HYPE and ZEC, as soon as each of those
assets becomes available.
Once accumulated, the SPY, HYPE and ZEC are to be returned to the Treasury and
used to launch those assets in the Omnipool and in the money market.
Recording this on-chain gives the signers an unambiguous, auditable mandate for
how those proceeds are deployed, and gives HDX holders a single reference point
against which the execution can be checked.
All eleven items execute as the Treasury account throughdispatcher.dispatchAsTreasury, bundled in a single utility.batchAll. HOLLAR,
GETH, aDOT, atBTC, GSOL and aPAXG are ERC20 assets on Hydration, so their
transfers carry an extra EVM gas allowance.
Preimage hash:
0x32fe9402d8886515aed4660070c40fb9e7ea3b54e491d8428ec2f2c685c11452
The batch has been simulated against mainnet state with the Treasurer origin and
against a forked chain, and completes cleanly in both.
This is a plan for the Hydration Treasury. It asks the community to vote on moving money around to grow liquidity.