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general_admin

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Hydrating the Funding Gap

Proposal for listing TRAC Token in Hydration Omnipool

Hydration  Asset Balance

- Proposal to whitelist GIGAETH-related referenda  
- GIGAETH launch involves adding it to Omnipool  
- Will allow trading of ETH, wstETH, and GIGAETH  
- ETH can be used as collateral and borrowed  
- GIGAETH can be used as collateral  
- GIGAETH farm will start in Omnipool  
- Testing in progress  
- Expected launch date: June 30th

Confirming

Request TC to whitelist GIGAETH launch

- People liked the idea to add TRAC to the Omnipool.  
- If approved, TRAC will be listed in the Omnipool.  
- The team will add TRAC liquidity to the pool.  
- The LP positions will be sent back to the original sender.  
- There was a mistake in an earlier vote.  
- Please vote "Nay" on the wrong vote.  
- Vote "Aye" on this one instead.

Deciding

(NEW) Request TC to whitelist the listing of TRAC in the Omnipool

- This proposal does two main things: mints remaining HDX to the Treasury and increases HDX liquidity.  
- It mints leftover HDX from Growth and Collator Rewards to the Treasury.  
- The total HDX supply will be nearly 6.5 billion after minting.  
- HDX liquidity is very low, so the plan is to add more gradually.  
- Over 13 weeks, the Treasury will add HDX to liquidity pools 39 times.  
- This will add about 155 million HDX to improve trading.  
- The goal is to make HDX liquidity equal to 5% of Omnipool liquidity.  
- This helps HDX be used as collateral and improves market confidence.

Add Growth pot to Treasury & increase HDX liquidity

- There was a problem, so we need to vote "NAY" on the old idea.  
- A new vote will happen soon.  
- The idea is to add TRAC to the Omnipool.  
- TRAC is a type of digital money.  
- The Omnipool helps people trade it easily.  
- Some TRAC will be added to the pool for trading.  
- After adding, the pool shares will be sent back.  
- This was discussed and people liked it before.

Preparing

[VOTE NAY] Request TC to whitelist the listing of TRAC in the Omnipool

Executed

Patch runtime to v38.1.3

- A request to whitelist proposals for the GIGAHydration campaign.  
- Funds from Polkadot referendum #1542 will arrive on June 26th.  
- Plans include returning 3,000,000 DOT and withdrawing 2,000,000 DOT to the Hydration Treasury.  
- Minting 2,000,000 DOT worth of vDOT and converting it to GIGADOT.  
- The campaign aims to start on June 27th.  
- First farms will run for 3 months with a BOOST POT for extra rewards.  
- HDX holders will vote on boosted reward farms.  
- A draft shows how 2,000,000 DOT will be distributed over 6 months.

Request TC to whitelist GIGAHydration campaign refs

Transfer DOT staking rewards

Double vDOT supply cap 

- Swap 10,000 H2O for HDX in small trades  
- Each trade swaps 2.222 H2O every 44 blocks  
- Slippage limit set at 1.5%  
- Maximum 9 retries if trades fail  
- Expected to finish in about 11 days  
- More HDX is needed for future uses like liquidity and rewards  
- Similar to an earlier successful proposal but adjusted for faster block times

HDX buyback with Treasury H2O - Tranche 6

Hydration

referenda9

discussions3