Didn't lolmcshizz say we should discuss a defense fund for some of this H2O? Are you keeping that in mind? Did you run this by IGL? 

[@Parakeet](7KejvRw4GZvVjFQEDefAsBRd9iaTjVeUWczB44Mgu8Bue8JW-hydradx) Yes this leaves 14300 h2o over. 

[@dutchiekiwi](7N8UKFYbWdCr5ou2v88poqReguYWcA5tVveEpgYxiVy2r2sb-hydradx)

We never discussed a full clear-out of all H2O positions, did we? I thought the discussion was always about the 55k H2O balance from BTC positions. 

Are we not going to consider alternative uses for H2O or wait for what seem like terrible global market conditions to materialize so that we can achieve better buy prices? 

Just to remind you, we also promised never to sell our LRNA (H2O position from HDX POL). However, after considering that for a while, I feel we can justify a change of position—but it's something to consider. 

[@Parakeet](7KejvRw4GZvVjFQEDefAsBRd9iaTjVeUWczB44Mgu8Bue8JW-hydradx) These were the words in tranche one 🙂 *This proposal should be used to gather feedback for the next schedules that follow this one - I would anticipate 5+ tranches of ~10K H2O*

seems like a good  time for a 'Pause'  on buybacks.

There's a liquidity hole that can take us to $0.004ish. We fell through there on March 31st. Should save this for buy backs if that gets triggered.

[@7PAU...Zqrk](7PAU47SuWQwTBwdLi42m1RyCKAvfSPhf5MaYqGExtKzoZqrk-hydradx) 

ELI5 how a liquidity hole works in a token which is 95% exclusively being traded in an AMM.

[@7PAU...Zqrk](7PAU47SuWQwTBwdLi42m1RyCKAvfSPhf5MaYqGExtKzoZqrk-hydradx) 

If you have time, ping me on Discord. I want to discuss a consideration regarding the buybacks non-publicly. 
![image.png](https://subsquare.infura-ipfs.io/ipfs/Qmb1GWxHCs4wdhxgt5Pa3oxsunQn751pNhSPeAmB3voLPk)


I sneer at the masters of technical analysis.
Because I have not been successful in finding teachers from history to learn from.

Fellow Hydrators 💦

This proposal, if approved, will create the following DCA schedule:
- Swap 10,000 H2O for HDX
  - 2.222 H2O per trade
  - every 22  blocks
  - 1.5% slippage limit
- 9 max retries
- estimated to last for ~11 days

This is proposal while only doing the above DCA (Identical setup to tranche 1 and 3 https://hydration.subsquare.io/referenda/15) has the following purpose:

To keep the buybacks continuing after the launch of GDOT in the coming days.

call

Executed

Submitted

DecisionDepositPlaced

DecisionStarted

ConfirmStarted

Confirmed

treasurer

HDX buyback with Treasury H2O - Tranche 5

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.