
Further to discussion #234
- Hydrating the Funding Gap (https://hydration.subsquare.io/posts/234), this proposal requests $2.5M
in stablecoins from the Hydration Treasury to fund continued development of Hydration by IGL for the next 12
months.
This proposal "Maingaining" will maintain the status quo for the IGL team - during the discussion phase, a desire to increase the budget in order to expand and accelerate was raised by some HDX holders. I believe that it is best to discuss this further, whilst moving forward with the original request - therefore, I will create a new discussion thread "Hydrating the Funding Gap - Accelerate" where IGL will present a plan for how additional funding could be used to expand and accelerate Hydration's development.
Specifically this referendum, if approved, will transfer from the Treasury:
1,920,831.27
2-Pool shares worth $1,941,000
($1.0105
per share)
261,864.41
sUSDe worth $309,000
($1.18
per sUSDe)
238,095.24
sUSDS worth $250,000
($1.05
per sUSDS)
Totalling $2,500,000
to IGL 3/5
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