{"postId":"opengov:360","kind":"opengov","title":"Remove GLMR from Omnipool","body":"After the unexpected announcement from the Moonbeam Foundation that they're shutting down the Moonbeam parachain on the 31st July (https://moonbeam.network/news/moonbeam-strategic-update-moonbeam-network-relaunches-on-base/) - this proposal, if approved, will remove GLMR from the Omnipool.\n\nDue to existing GLMR positions in Omnipool + historic liquidity farms, this will take place over 40+ blocks as a batch removing all of the individual positions, transferring all GLMR that results into the Treasury (currently $150K+ worth) to the ex-Council controlled multisig `16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE` (the same one used in previous proposals), as well as `1,000` aDOT.\n\nThe multisig signers will then OTC the GLMR for Polkadot-native USDT, in batches within `~2%` of the market price (preferably lower, it will depend on market depth) with the exception of a small amount which will be paired with the aDOT (as raw DOT) in an isolated pool. The isolated pool is to facilitate swaps for GLMR fees to continue using wormhole transfers in the interim, this will be withdrawn and swapped before the deadline.\n\nThis proposal has been whitelisted in order to guarantee execution of POL GLMR swaps prior to the shutdown date.","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":"2026-07-07T11:01:12.000Z","editedAt":null,"lastActivityAt":"2026-07-07T17:18:15.000Z","commentsCount":0,"updatesCount":0,"upvotes":0,"threadKey":"opengov:360","source":{"name":"subsquare","id":"6a4cdcbc781cee3ac415eb0f","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"6690c444c3e1fdf2"}