 Origin for spending very high amounts of HDX(<= 50M HDX) from the treasury as well as generally administering it.

treasurer

- A new plan to buy LDO tokens using USDT was approved.  
- It will spend 100,000 USDT over about 3 weeks.  
- Small trades of 16.53 USDT will happen every 5 minutes.  
- This helps Hydration have more types of tokens for trading.  
- After buying, the LDO will be added to the Omnipool for liquidity.

Deciding

Initiate DCA for LDO

- $25,000 USDC + $25,000 in HDX for one project  
- $500, $100, $500, and $2,500 in HDX for other projects  
- HDX price set at $0.0125 per token  
- Total HDX needed: 2,288,000  
- Waiting for invoicing details from Immunefi  
- Future payouts will be grouped together for easier tracking

Executed

Payout of immunefi fee for past reports 

OTC WETH -> aETH

Transfer GIGADOT for TRAC & SOL farms

- Swap 10,000 H2O for HDX in small trades  
- Each trade swaps 2.222 H2O every 44 blocks  
- Uses 1.5% slippage limit and allows 9 retries  
- Will last about 14 days  
- Keeps buybacks going after Tranche 7 ends  
- Funds will be used for liquidity and rewards  
- Treasury has 19,360 H2O, more coming later  
- Tranche 9 and another proposal are planned next

HDX buyback with Treasury H2O - Tranche 8

- A proposal to withdraw 3,445 Treasury LP worth ~$732,000 (218 WETH & 9,064 H2O).  
- Future plans include swapping WETH to ETH via an OTC deal.  
- Creating a WETH/ETH pool for easy swaps without high fees.  
- Users can switch between WETH and ETH without leaving Hydration.  
- WETH (MRL) will stay as an on/off-ramp option.  
- Later steps include withdrawing remaining WETH LP from the Treasury.  
- WETH will be removed from the Omnipool.

Withdraw 1x WETH LP

Transfer iBTC for exchanging to tBTC

- A plan to swap 10,000 H2O for HDX in small amounts over 14 days.  
- Each trade swaps 2.222 H2O every 44 blocks.  
- Limits slippage to 1.5% and allows 9 retries.  
- Similar to a previous successful swap (Tranche 6).  
- The HDX bought will be used for future needs like liquidity and rewards.  
- The treasury has 16,351 H2O left for more swaps.  
- Another swap (Tranche 8) is planned after this one.  
- Encourages everyone to "Stay Hydrated."

HDX buyback with Treasury H2O - Tranche 7

- 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

- This proposal will send 2,222,222 HDX to a special account.  
- The HDX is for future rewards in the GIGADOT program.  
- Later, GIGADOT rewards will start, and the cap will increase to 8,888,888.  
- GIGADOT will also get better borrowing rules for DOT.  
- The HDX will be given out over 90 days.  
- This proposal does not change the GIGADOT cap yet.  
- It only prepares the HDX for future use.

Transfer 2,222,222 HDX for GIGADOT incentives

- Two new tokens (LINK & SKY) are now ready for trading.  
- This plan will buy LINK and SKY using USDT over 3 weeks.  
- For LINK: $100,000 USDT will be spent, buying a little every 5 minutes.  
- For SKY: $100,000 USDT will be spent, buying a little every 5 minutes.  
- After buying, the tokens will be added to the Omnipool for trading.  
- This helps make Hydration’s markets bigger and better.

Initiate DCAs for LINK & SKY

1 month top-up for Polkadot Hydration farms

HDX buyback with Treasury H2O - Tranche 5

- Proposal to swap 10,000 H2O for HDX  
- 2.222 H2O per trade, every 11 blocks  
- 1.5% slippage limit, 9 max retries  
- Expected to last ~6 days  
- Goal: Keep buyback momentum before big updates  
- Faster than previous tranches to improve treasury rate  
- Helps maintain market confidence

HDX buyback with Treasury H2O - Tranche 4

- Takes out some money from Omnipool (WETH and H2O).  
- Makes two special deals to swap WETH for ETH and wstETH.  
- Uses a small extra fee (1%) for these deals.  
- Plans to use the ETH and wstETH to start a new stablepool.  
- The new pool will help trading in Omnipool.

Create OTC orders for native ETH & wstETH

- A plan to swap 10,000 H2O for HDX in small amounts over 11 days.  
- Each swap will trade 2.222 H2O every 22 blocks.  
- The swap has a 1.5% slippage limit and 9 retries if needed.  
- The goal is to act fast and keep the protocol moving forward.  
- The community is encouraged to help Hydration succeed.  
- A member named dutchiekiwi made this proposal to support Hydration.  
- Everyone can contribute to make a difference.

HDX buyback with Treasury H2O - Tranche 3

- Hydration DAO wants to transfer 300,000 USDC to a multisig wallet controlled by 5 council members.
- The funds will be used to buy LDO, LINK, and SKY tokens through OTC (over-the-counter) trades.
- 100,000 USDC will be spent on each token (LDO, LINK, SKY).
- The goal is to get the best price by buying quickly and avoiding delays.
- After OTC trades, the remaining 100,000 USDT for each token will be added to the Omnipool.
- This helps diversify Hydration DAO's stablecoin holdings into other assets.

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

- A whitehat found a problem with the price system.
- They will get 25,000 USDT as a reward.
- The problem was fixed quickly, and no one lost money.
- The reward is big because the problem was important.
- The whitehat's address is `0x85ad712989eF693FdB0319F3322eCBB9D9426Bc1`.
- More details are in a report by Jakub Panik.

Bug bounty payout

- The Treasury has about 4.125 WBTC and 3.698 iBTC left after some actions.
- They want to use these to open new markets for LINK, LDO, and SKY using Snowbridge.
- BNB can't be used because it's not on Ethereum mainnet.
- First, they will swap WBTC and iBTC into stablecoins (USDT and USDC).
- Then, they will use these stablecoins to buy LINK, LDO, and SKY through OTC orders.
- The swaps will happen over 5 days, with trades every 8 minutes.
- Each trade will have a max slippage of 1.5% and up to 9 retries.
- This plan was discussed and approved in posts and referenda linked at the bottom.

Treasury swaps WBTC & iBTC -> USDC & USDT

- HDX buybacks with Treasury H2O are happening in small steps called tranches.
- The first tranche is almost done, and the second one will start soon.
- HDX holders wanted a slower schedule, so the time between buybacks has been doubled.
- Each tranche will swap 10,000 H2O for HDX.
- The swap will happen every 44 blocks with a small amount of H2O each time.
- There’s a limit on how much the price can change (1.5% slippage).
- The process will take about 22 days, but it might take a little longer.

HDX buyback with Treasury H2O - Tranche 2

Launch tBTC & AAVE Polkadot Hydration farms

- **Three Referenda for Polkadot Hydration Farms**: There are three proposals to change the farms.
- **Maintain APR**: Some farms like USDC/USDT, DOT, and others will keep their current rewards.
- **Adjust APR**: Some farms like CFG, KILT, and vASTR will have reduced rewards. INTR farm will close.
- **New Farms**: Two new farms, tBTC and AAVE, will be launched with high rewards.
- **Order of Execution**: The first proposal must happen first, followed by the second and third in order.

- This proposal wants to restart a plan to swap H2O for HDX.
- The plan failed before because the fees were too high.
- A new plan (Referendum #22) will make fees go down faster.
- The new swap will use 7,015 H2O.
- It will swap 2.222 H2O every 22 blocks.
- The slippage limit is 1.5%.
- It will try up to 9 times.
- The plan should last about 8 days.

HDX buyback with Treasury H2O - Tranche 1.1 (the rebirthening)

- The Treasury got `~55,000` H2O (worth `~$1.75M`) from referendum #10.
- A proposal suggests using Hydration DCA to buy HDX in small steps.
- First step: Swap `10,000` H2O for HDX.
- Each trade: `2.222` H2O every `22` blocks.
- Slippage limit: `1.5%`.
- Max retries: `9`.
- Expected to last `~11` days.
- More steps like this may follow.

[5] Origin: Treasurer