- Hydration DAO wants to transfer 300,000 USDC to a multisig wallet controlled by 5 council members.
- The funds will be used to buy LDO, LINK, and SKY tokens through OTC (over-the-counter) trades.
- 100,000 USDC will be spent on each token (LDO, LINK, SKY).
- The goal is to get the best price by buying quickly and avoiding delays.
- After OTC trades, the remaining 100,000 USDT for each token will be added to the Omnipool.
- This helps diversify Hydration DAO's stablecoin holdings into other assets.

Executed

treasurer

Transfer 300,000 USDC for LDO, LINK & SKY OTC

referendum_canceller

Cancel ref #39

whitelisted_caller

Register native ETH (snowbridge)

Cancelled

root

VOTE NAY - cancelling via ref #41

omnipool_admin

Increase tBTC Omnipool weight cap

- A whitehat found a problem with the price system.
- They will get 25,000 USDT as a reward.
- The problem was fixed quickly, and no one lost money.
- The reward is big because the problem was important.
- The whitehat's address is `0x85ad712989eF693FdB0319F3322eCBB9D9426Bc1`.
- More details are in a report by Jakub Panik.

Bug bounty payout

Energy Web X on Hydration

- The Treasury has about 4.125 WBTC and 3.698 iBTC left after some actions.
- They want to use these to open new markets for LINK, LDO, and SKY using Snowbridge.
- BNB can't be used because it's not on Ethereum mainnet.
- First, they will swap WBTC and iBTC into stablecoins (USDT and USDC).
- Then, they will use these stablecoins to buy LINK, LDO, and SKY through OTC orders.
- The swaps will happen over 5 days, with trades every 8 minutes.
- Each trade will have a max slippage of 1.5% and up to 9 retries.
- This plan was discussed and approved in posts and referenda linked at the bottom.

Treasury swaps WBTC & iBTC -> USDC & USDT

- The DOT supply cap was reached faster than expected.
- A new proposal increases the supply cap by 50%.
- The new supply cap is 1,200,000 DOT, up from 800,000 DOT.
- This proposal replaces an earlier one (#33) that didn't work due to an error.
- The proposal uses a special process to update the supply cap.
- It involves a signed call from a specific account to set the new supply cap.
- The gas limit and fees are set for the transaction.

Set DOT supply limit to 1 200 000 DOT

- HDX buybacks with Treasury H2O are happening in small steps called tranches.
- The first tranche is almost done, and the second one will start soon.
- HDX holders wanted a slower schedule, so the time between buybacks has been doubled.
- Each tranche will swap 10,000 H2O for HDX.
- The swap will happen every 44 blocks with a small amount of H2O each time.
- There’s a limit on how much the price can change (1.5% slippage).
- The process will take about 22 days, but it might take a little longer.

HDX buyback with Treasury H2O - Tranche 2

Add KSM to Omnipool

Launch tBTC & AAVE Polkadot Hydration farms

- This is the second of three referenda.
- It changes rewards for some farms:
  - CFG: rewards reduced by 25%.
  - INTR: no more rewards, farm will close soon.
  - KILT: rewards reduced by 50%.
  - vASTR: rewards reduced by 50%.
- It creates new farms for tBTC and AAVE.
- The new farms won't start working until the third referendum happens.

New Polkadot Hydration farms & adjustments

- **Three Referenda for Polkadot Hydration Farms**: There are three proposals to change the farms.
- **Maintain APR**: Some farms like USDC/USDT, DOT, and others will keep their current rewards.
- **Adjust APR**: Some farms like CFG, KILT, and vASTR will have reduced rewards. INTR farm will close.
- **New Farms**: Two new farms, tBTC and AAVE, will be launched with high rewards.
- **Order of Execution**: The first proposal must happen first, followed by the second and third in order.

1 month top-up for Polkadot Hydration farms

- Vlady and John are community managers for Hydration's Russian-speaking group.
- They started working with Hydration from the beginning, during the LBP phase.
- They manage a Telegram group with over 1,300 members.
- They spend 1-2 hours daily, totaling about 15 hours a week, on community tasks.
- Their work includes updates, content creation, translations, and answering questions.
- They have been contributing for 5 months (September to January).
- They are requesting 500,000 HDX for their work.

spender

Tip Treasury - JOHNM & Vlady Limes, Community Managers Tip for the last 5 months of contributions.

Tip treasury - Jose Crypto- (October- February)

Reduce stableswap fees

- The Hydration collator set started with 21 collators but now has 16.
- Some collators were removed because they were inactive.
- To keep the network strong and fast, three new collators are proposed.
- The new collators are Extracoin, Iceberg Nodes, and The Milkyway Gang.
- These collators have shown they are reliable and quick in the Basilisk network.

general_admin

Restore collator set size - add 3 collators

- This proposal wants to restart a plan to swap H2O for HDX.
- The plan failed before because the fees were too high.
- A new plan (Referendum #22) will make fees go down faster.
- The new swap will use 7,015 H2O.
- It will swap 2.222 H2O every 22 blocks.
- The slippage limit is 1.5%.
- It will try up to 9 times.
- The plan should last about 8 days.

HDX buyback with Treasury H2O - Tranche 1.1 (the rebirthening)

- **Hydration Runtime v35.0** is a big update to make trading better and cheaper.
- **Trading fees** are being lowered to make Hydration more competitive.
- **H2O** will be minted to help reduce losses for liquidity providers.
- **Referral fees** are being adjusted to give more rewards to users and stakers.
- **Protocol fees** are changing to help liquidity providers earn more.
- Some fees will be burned, and some will go to the Treasury.
- **Stableswap fees** will be cut in half in a future update.
- Many technical fixes and improvements are included in this update.

Runtime release v35.0 - TRADE FEE OVERHAUL

Rejected

Request to retrieve 12,000 USDT mistakenly deposited into Binance

Add tBTC to Omnipool

vote NAY

- A vote is happening about some assets: tBTC, USDT, USDC, wstETH, LINK, SKY, and LDO.
- These assets are on Snowbridge and need to be "touched."
- "Touching" means making sure the assets can be used because there's a limit to how many assets an account can hold.
- The limit is 64, and the account is full, so "touching" helps add more.
- This is done by sending a message from Hydration to Asset Hub.
- It's needed to send these assets to Hydration.
- Code for this is in a special place on GitHub.

"Touch" Snowbridge assets 👀

- Update information for Chainlink (LINK), Sky (SKY), Lido (LDO), and Wrapped Staked ETH (wstETH).
- Add LINK, SKY, LDO, and wstETH as options to pay fees.
- These assets are already registered but need more details added.

Update asset registry for LINK, SKY, LDO & wstETH

referendum_killer

tipper

economic_parameters

OpenGov Referenda

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.