- Upgrade to runtime `v33.0.1` (hydradx/276).
- Enable LM claim rewards.
- Add OpenGov features.
- Include OpenGov staking and voting.
- Support legacy votes in staking.
- Add on-chain liquidation.
- Fix OpenGov conviction pallet.
- Refactor referrals and slippage.

proposal

Authorize runtime upgrade to v33.0.01

lol thought this was chopsticks

This proposal suggests:

- Raising the borrow cap for USDT and USDC from 670,000 to 1,111,111.
- Withdrawing 2,000,000 stablepool shares from the Treasury.
- Depositing 1,000,000 USDT and 1,000,000 USDC into a lending feature.
- It aims to add more stablecoin liquidity to the lending and borrowing system.
- The idea has been discussed in a forum.

Lend 1M USDT & 1M USDC

- The proposal suggests sending 60 DAI from the Hydration Treasury to a multisig wallet controlled by the Hydration council.
- This is a test before a larger action.
- A future referendum will withdraw all DAI from a 4-pool and send it to the same multisig.
- The council will convert the DAI to USDS.
- The USDS will then be sent back to the Hydration Treasury.
- A final referendum will create a new stablepool using the USDS.

Send 60 DAI to council-controlled multisig

### Proposal Summary

- **Proposal**: Revert the Liquidity Mining claim function to its previous state before the v32.0.0 runtime release.
- **Purpose**: Address user feedback that the new mechanism is overly complex and causes friction.
- **Action**: If approved, the Intergalactic team will create a new runtime release to revert the changes.
- **Reason**: The new mechanism, though well-intentioned, has not met user expectations.
- **Outcome**: Simplifies the Liquidity Mining claim process for users.
- **Decision**: Requires approval from token holders.
- **Next Steps**: Preparation of a runtime release if the proposal is approved.

Revert the Liquidity Mining claim function

- Monin Staking is stopping operations by the end of the year.
- Schmiatz, a German expert in blockchain, will take over their work.
- The old collator address will be changed to a new one.
- The old address is 7KTC6mGcCwKY8MrzioEoErbQtXf2N4NCZpRhqgqRVqNx8aX9.
- The new address is 7MbNUkUkDZCS9zyrYybbhitDwE2xUSDRE6BtuyLm4dMeYdaK.
- This change helps with clear accounting during the switch.
- The council motion to approve this change failed.

calls

CollatorSwap Monin Staking - v2

Add AAVE to Omnipool

- The proposal aims to stop yield farming for WBTC/iBTC 2-Pool to address issues with WBTC custody and imbalance.
- WBTC's custody was moved to BitGo, causing uncertainty.
- The WBTC/iBTC pool is imbalanced, with 61.2% WBTC and 38.7% iBTC.
- New iBTC cannot be minted due to lack of capacity.
- Most of the iBTC supply is on Hydration, making it disproportionate.
- Removing incentives is expected to help rebalance the pool and restore market parity.
- Hydration DAO should consider other BTC derivatives like cbBTC and tBTC.

Stop WBTC/ iBTC 2-Pool Yield Farms

Add LM accounts to non-dustable (MYTH/DOT)

**Motion Proposal Summary**

- **Monin Staking** is ending operations by the end of the year.
- **Schmiatz**, a German DotSama community member, will take over the existing collators and validators.
- Schmiatz has over 10 years of experience in maintaining complex infrastructure and 3+ years in operating blockchain nodes.
- The collator address will be changed for clear accounting during the transition.
- The old collator address is **7KTC6mGcCwKY8MrzioEoErbQtXf2N4NCZpRhqgqRVqNx8aX9**.
- The new collator address will be **7MbNUkUkDZCS9zyrYybbhitDwE2xUSDRE6BtuyLm4dMeYdaK**.

CollatorSwap Monin Staking

### Summary of Proposal

- **Referendum #187**: Approved using Snowbridge to bring AAVE, sUSDS, and sUSDe to Hydration.
- **New Development**: Wormhole and MakerDAO/Sky Protocol partnered to enable native USDS transfers between Ethereum and Solana.
- **Rationale**: Aligning with Wormhole and MakerDAO/Sky Protocol for sUSDS liquidity.
- **Proposed Action**: Overwrite the Snowbridge decision for sUSDS.
- **On-chain Remark**: "Use Moonbeam Routed Liquidity (Wormhole) for sUSDS".
- **Outcome**: Allows Hydration Council to proceed with Moonbeam Routed Liquidity (Wormhole).

Use MRL for sUSDS

Moneymarket celebration H2O fueled HDX Buyback

#234 Wrong hash - vote NAY 

- Proposal aims to fix previous failed proposal #233.
- Withdraws USDC/USDT and DOT from Omnipool.
- Withdraws additional USDC/USDT shares and DOT from staking rewards.
- Plans to use 100,000 DOT, 222,222 USDC, and 222,222 USDT for a Money Market.
- Prepares for stablecoin liquidity restructuring.
- H2O received will be used to buy back HDX.

Motion #235 re-try #233 with slightly revised params due to market conditions

- Approves the use of the pool proxy contract `0x1b02e051683b5cfac5929c25e84adb26ecf87b38` by all participants.
- Allows the treasury to supply assets using its EVM address.
- Assigns the Technical Committee-controlled proxy as the emergency admin to pause the market if needed.
- Registers interest-bearing tokens aDOT, aWBTC, aUSDT, and aUSDC.
- The treasury supplies 100k DOT, 17 BTC, 222k USDC, and 222k USDT.

Activate Borrowing

### Proposal Summary

- **Withdraw Liquidity:**
  - Remove USDC/USDT 2-Pool LP position from Omnipool.
  - Remove DOT LP position from Omnipool.
  - Withdraw 470,000 shares from the USDC/USDT 2-Pool.

- **Use of Funds:**
  - Use 100,000 DOT, 222,222 USDC, and 222,222 USDT to seed a Money Market.
  - Prepare for stablecoin liquidity restructuring with the launch of HOLLAR PSM.

- **H2O Usage:**
  - Use H2O received from withdrawals to buy back HDX via DCA.

- **Verification:**
  - Verify call data before the v32.0.0 runtime upgrade on `rpc.nice.hydration.cloud`.

Withdraw treasury DOT and 2-Pool LP positions

Wrong call - NAY

**Hydration Chain v32.0.0 Summary**

- **Liquidity Mining Overhaul:**
  - Added claim fee to prevent constant claiming and dumping.
  - Resetting "loyalty factor" when claiming, incentivizing long-term users.
  - Simplified entry and exit from pools and farms.

- **Other Changes:**
  - Stableswap now allows proportional withdrawals without slippage.
  - Fixed "overweight" XCM messages issue.
  - Added Dwellir bootnodes.
  - EVM wallets can now use insufficient assets as fee payment.

- **Money Market Launch:**
  - Following a referendum, Money Market can be launched instantly.

Upgrade Hydration to v32.0.0

Replace GC collator

- The proposal aims to send a message from Hydration parachain to Asset Hub to "touch" three Ethereum assets: AAVE, sUSDe, and sUSDs.
- "Touching an asset" refers to a process that allows the Hydration parachain to interact with additional assets beyond its current limit.
- Asset Hub has a limit of 64 consumers per account, and each asset stored takes up one consumer.
- The Hydration parachain has reached this limit, so touching assets is necessary to operate with more assets.
- The process involves sending a transact instruction to Asset Hub.
- The code for this process can be found in the provided GitHub link.

Enable transfers of AAVE, sUSDe and sUSDs via Asset Hub

- Proposal to whitelist address `0x71feb8b2849101a6e62e3369eaafdc6154cd0bc0` for deploying Money Market smart contracts.
- Transfer `0.1` WETH to the address to cover deployment fees.
- Requires a runtime upgrade and a final referendum for approval.
- Deployer will deploy contracts and transfer ownership to the protocol.

Whitelist Money Market contract deployer

### Funding Proposal for Hydration Operation and Maintenance

- **Purpose**: Request for funding to cover operation and maintenance fees for Subscan Explorer services.
- **Services Provided**: Includes computing resources, database storage, network bandwidth, monitoring, and technical support.
- **Current Charges**: Tiered pricing based on data usage, with the Hydration Network currently using 209.64 GB.
- **Requested Amount**: $2,678 to be converted to HDX based on the EMA7 price.
- **Exchange Rate**: HDX EMA7 price is $0.004986, requiring 537,103.890894 HDX.
- **Impact**: Ensures smooth network operations and supports Hydration's growth.
- **Request**: Seeking support from the Hydration Treasury for the total amount due.

proposalId

2024-Q3-Hydration Network-Subscan Funding Proposal for Operation and Maintenance Fee

### POL Diversification Strategy

- **Approved Actions**: Diversify Protocol Owned Liquidity (POL) with $400K into SOL, $400K into AAVE, and $200K into SUI.
- **SOL**: Swap $150K sUSDS for USDC, then for SOL via OTC and DCA.
- **AAVE**: Swap $200K sUSDS for AAVE via CowSwap and DCA.
- **SUI**: Swap $100K sUSDS for USDC, then for SUI via OTC and DCA.
- **HDX**: Swap remaining sUSDS ($303K) for HDX via DCA.
- **Snowbridge**: Use Snowbridge for AAVE, sUSDS, and sUSDe to minimize exposure to trusted bridges.

Ratify POL diversification Q4 24

Initiate iBTC DCA schedule

- DED token launched with PINK, starting the memecoin trend.
- Some XCM transactions failed, trapping DED tokens.
- Trapped tokens couldn't be used to pay fees, making them unclaimable.
- After updates and discussions, a solution was found.
- Proposal aims to reclaim trapped assets for affected users.
- If approved, users can recover their trapped DED tokens.

Council Motions