HDX buyback with Treasury H2O - Tranche 7

Fellow Hydrators

This proposal, if approved, will create the following DCA schedule:

•     Swap 10,000 H2O for HDX
  

  •     2.222 H2O per trade
    

  •     every 44 blocks
    

•     1.5% slippage limit
  

•     9 max retries
  

•     estimated to last for ~14 days
  

Tranche 6 https://hydration.subsquare.io/referenda/95 turned out to be great timing during the past 14days. This proposal for tranche 7 will keep the buybacks going and is identical to tranche 6 which even though it was timed to last ~11 days ended up going much longer. There is no need to speed things up so this slower approach proved to be fine. The supply of HDX being brought by the Tranches is needed in the future for reasons like adding liquidity to the omnipool position and staking incentives etc.

After the completion of ref105 https://hydration.subsquare.io/referenda/105 we now currently we have 16,351 H2O in the treasury and with the WETH position being worked on in the coming weeks will mean more H2O being accumulated. This means at least a tranche number 8 consisting of 10k H2O and ref187 https://hydration.subsquare.io/democracy/referenda/187 is still to come.

Stay Hydrated :)