{"postId":"opengov:249","kind":"opengov","title":"Transfer 185,222 sUSDS for jitoSOL OTC","body":"This proposal, if approved, will transfer `185,222` sUSDS from the Hydration Treasury to `16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE` - a `3/5` multisig consisting of ex-Hydration Council members lolmcshizz, Leemo, Giraffe, Crane & Jose.\n\nThrough referendum `#189` ([Democracy referendum #189](/referendum/democracy/189)) HDX holders voted to accumulate `$200,000` sUSDS equivalent of jitoSOL through OTC. By executing this through a multisig instead of directly from governance action, we can ensure that the price executed is as close to market price as possible - as waiting multiple days to place an OTC order could result in paying far too much for those assets, or failing to accumulate them at all.\n\nThe funds will be used as follows:\n\n- `185,222` sUSDS swapped to HOLLAR (DCA or individual trades)\n- `200,000` HOLLAR swapped to jitoSOL using OTC\n\nThe multisig signers will attempt to place OTC orders for jitoSOL between `1 - 2%` of market spot price in order to offer a small premium to the order fillers, whilst achieving the best price for Hydration DAO.\n\nOnce the OTC orders are completed, multisig signers will transfer all jitoSOL back to the Hydration Treasury.\n","bodyFormat":"markdown","tldr":"","labels":[],"linked":[],"author":{"account":{"accountId":"0x8aee4e164d5d70ac67308f303c7e063e9156903e42c1087bbc530447487fa47f","address":"149AQApEw4Xe1DxWesqywiuGQHazbETMgWgT89WjEYFAc29y","emoji":"🍁","emojiName":"heimdall","emojiUrl":"https://cdn.discordapp.com/emojis/1005035405864869939.webp?size=32","tag":null,"identity":{"display":"lolmcshizz","verified":true,"email":"","web":"","twitter":"@lolmcshizz"},"profile":null},"legacyName":null},"authority":"subsquare","revision":0,"createdAt":"2026-01-09T15:34:42.000Z","editedAt":null,"lastActivityAt":"2026-01-13T21:24:48.000Z","commentsCount":0,"updatesCount":0,"upvotes":0,"threadKey":"opengov:249","source":{"name":"subsquare","id":"69612055781cee3ac4ea95dd","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"359946fd7693934c"}