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

I don't like this multisig approach which is why it is a NAY for me

Voted NAY for referenda 35, don't see the reason to diversify in LDO, LINK & SKY, voting NAY again.

LDO, LINK, SKY -- at least two of them will definitely go to the bottom, and will update the minimums. Thinking by this voting, the holders have taken up the matter. Stop wasting hydration money on future shit-coins.
Well, now the voice of the sectarian holders will probably be heard -- we firmly believe in this shit.
Think for yourself! Think now!

Catching knives at the bottom is not much of a strategy—any experienced trader will tell you that. Especially when it comes to projects with a questionable future.

@lolmcshizz , let's be honest—you’re doing this because you and other Hydration whales are holding and believing in these unproven tokens. Essentially, this is a high-risk operation.

Yes, if we look at it objectively, this is truly a high-risk operation. Buying altcoins through the treasury, especially at the bottom, sounds like a pure bet on these tokens.

Most likely, some of the Hydration whales already hold these tokens and believe in their growth; otherwise, what’s the point of investing such large sums in it? The question is whether this will benefit the entire ecosystem or if it’s just shifting the risks onto the DAO.

It’s either:

1. It works → DAO is in the green, the community will call them geniuses.
2. It doesn’t work → There will be some light negativity, they’ll say the treasury funds were wasted, and people will forget.

By the way, "unproven over time" is the key phrase here. LINK is still somewhat acceptable, but SKY is an ultra-niche.

All the three tokens are not well worth investing, and even though bought and bridged to Polkadot eco, there is no better yield opportunity, so it will be an inefficient investment.

We sold a portion of the most conservative crypto asset, BTC, to buy 3 more speculative assets - not to trade or pump bags, but to reach an audience that aligns with what Hydration offers. Please also keep in mind that these actions are currently technically limited to Ethereum.

Rather than calling it diversified investment, it is more like liquidity guidance.

Our goal in hydration is to defi most currencies

Even if more people consider the meme of junk currency, it is beneficial for us to guide liquidity

Even if more people consider the meme of junk currency, it is beneficial for us to guide liquidity

I fell the it's to much

Reason for NAY vote:

Protest: The token choice seems arbitrary, and $100k values (or $250k from linked discussions) seem entirely arbitrary. Can someone explain the reasoning for the selection of tokens?

As far as I can tell, the rationale is that Jakub Gregus happened to list them. His reasoning was these tokens “are leaders in their verticals.” However, I have no idea what that means. No disrespect to Jakub, but are we a DAO, or do we do what a Greatleader says without discussion? I apologize if I missed it. If I did, it would be nice if it was summarized here rather than having to click link > another link > another link and read through unrelated information, etc.

SKY is a competitor’s governance token and not a top-volume one—why would we list this ERC20 before others? Lolmcshizz must have SKY bags /sarcasm.

LINK makes sense to me because we include them as an oracle, and they are near top volume.

LDO is another competitor token, is it not? I don’t see it topping any volume charts. The team is clearly invested and trying to pump their bags /sarcasm

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I am entirely in favor of expanding the options available on Hydration, and should this vote total turn overall NAY, I will flip my vote. I am only NAY voting to bring attention to the arbitrary nature of this selection and the lack of OpenGov discussion (afaik).

I would also like to see reasoning provided for why the treasury should hold these tokens rather than simply allowing external LP to supply the pools. I feel I generally understand the security concerns, but I doubt that others do, and I feel it should be explained.

It is important in order for Hydration to become the trading hub for all of crypto.

AYE

I am excited to add LINK to the Omnipool, but otherwise indifferent on the other choices. I have never even heard of SKY....

Aye - Strictly for LINK.