This proposal, if approved, will fund the initial deployment of SOL, jitoSOL/ SOL & PRIME oracle smart contracts on Solana - in addition to 12 months+ of estimated fees for their operation. The oracle price feeds are already operational - and will be used to replace the existing manual oracle updates for GSOL + PRIME.
Part of the HDX will be swapped for SOL to reimburse setup costs + pay for gas fees on Solana, whilst the majority will be used as gas costs on the Hydration side - therefore ending up back in the Treasury anyway.
The funds can also be used to deploy and run the wstETH/stETH oracle deployment on Ethereum mainnet - when it is prepared.
This proposal asks for money to set up price feeds for SOL, jitoSOL/SOL, and PRIME tokens on Solana. The feeds already work and will replace old manual updates. Some money will buy SOL for fees, most will return to the Treasury. The funds can also create a wstETH/stETH feed on Ethereum later.