# Launch SPY in the Omnipool

This proposal, if approved, will list SPY (asset 1001356) in the Omnipool, following the OTC accumulation of 200,000 HOLLAR worth of SPY.

Execution will:

- transfer `232.53` SPY (~$179k, 90% of the Treasury's SPY) from the Treasury to the Omnipool account
- add SPY to the Omnipool at a launch price of `146.787` H2O per SPY (SPY $769.61, H2O $5.243 at build time), with a `5%` weight cap and the liquidity position owned by the Treasury
- register the on-chain router route from WETH to SPY, so EVM fee pricing and other route consumers can reach the new asset

The remaining 10% of the Treasury's SPY will be used to list SPY in the money market in a separate referendum.

Track: WhitelistedCaller. The Technical Committee is asked to whitelist the inner call hash `0x613b4702bd1c6f57b3a94e9c49d8805ed022a078a04204a370656eecfa1a1bd5`.


# Launch SPY in the Omnipool

This is a plan to add a new digital token called **SPY** to a trading pool called the **Omnipool**.

- The plan will move 232.53 SPY (about $179,000) from the group's savings (the Treasury) into the Omnipool.
- SPY will start trading at a set price of 146.787 H2O per SPY.
- SPY can only be a small part of the pool — no more than 5% of it.
- The Treasury will own the SPY position in the pool.
- A trading path from WETH to SPY will be set up so people can trade between them.
- The other 10% of the Treasury's SPY will be listed in the money market later, in a separate vote.
- A committee is asked to mark this plan as approved so it can move forward.

call

Confirming

Submitted

DecisionDepositPlaced

DecisionStarted

ConfirmStarted

whitelisted_caller

Launch SPY in the Omnipool

root

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.