{"postId":"opengov:35","kind":"opengov","title":"Treasury swaps WBTC & iBTC -> USDC & USDT","body":"A series of Treasury actions discussed in posts #223 & #224 (links at the bottom) and executed through referenda #8, #10, & #13 have left the Treasury with ~ `4.125` WBTC and ~ `3.698` iBTC.\n\nDiscussion #224 proposed that these remaining WBTC & iBTC are diversified in a way to allow the opening of new Omnipool markets using Snowbridge for high volume, high liquidity assets - namely LINK, LDO, SKY & BNB. Unfortunately BNB, as a BEP-20 asset and not based on Ethereum mainnet, is unavailable through Snowbridge - so the following actions are a prerequisite to accumulation of LINK, LDO & SKY only.\n\nI have opted to first swap WBTC & iBTC into stablecoins, followed by creation of OTC orders from stablecoins to LDO, LINK & SKY - due to OTC orders at fixed USD pricing being much simpler for users to understand if the price is good vs the market or not.\n\nThis proposal, if approved, will create the following DCA schedules:\n\n- Swap WBTC for USDT (native)\n    - over ~ `5` days\n    - `8` minute intervals\n    - `0.004584` WBTC per trade\n    - max retries `9`\n    - max slippage `1.5%`\n\n- Swap iBTC for USDC (native)\n- over ~ `5` days\n- `8` minute intervals per trade\n- `0.004109` iBTC per trade\n- max retries `9`\n- max slippage `1.5%`\n\n----\nDiscussed in post #224 [Discussion #224](/discussions/s224) & #223 [Discussion #223](/discussions/s223)\n\nExecuted in ref #13 [Referendum #13](/referendum/opengov/13), ref #10 [Referendum #10](/referendum/opengov/10), & ref #8 [Referendum #8](/referendum/opengov/8)","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":"2025-03-03T11:42:48.000Z","editedAt":null,"lastActivityAt":"2025-03-08T02:23:36.000Z","commentsCount":0,"updatesCount":0,"upvotes":0,"threadKey":"opengov:35","source":{"name":"subsquare","id":"67c595dcd3d02b83d3469bf3","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"6690c444c3e1fdf2"}