{"postId":"opengov:409","kind":"opengov","title":"Treasury: aDOT position withdrawal, seeding liquidity on Robinhood Chain + Hydration concentrated pools, and a directive on delisted-asset proceeds","body":"# Treasury: aDOT position withdrawal, seeding liquidity on Robinhood Chain + Hydration concentrated pools, and a directive on delisted-asset proceeds\n\n## Summary\n\nThis proposal does three things: it closes the Treasury's aDOT Omnipool\nposition, it transfers seeding capital to an IGL multisig for\nthe first HDX/ HOLLAR liquidity venue outside Hydration + additional concentrated liquidity pools on Hydration, and it funds and mandates the\nCouncil multisig to accumulate SPY, HYPE and ZEC.\n\n## 1. Withdrawal of the Treasury's aDOT Omnipool position\n\nThe Treasury's aDOT position 69068, opened on 2025-12-19 with 100,000 aDOT,\nis closed in full. At current pool state this returns roughly 88,000 aDOT and\n2,150 H2O to the Treasury.\n\n## 2. Transfers\n\nTo `12TyzL1tMod3jm2NvQd5egHDbn2TRdbQTUBEUJ25p6yW31xK`, an Intergalactic Limited\nmultisig:\n\n- 30,000 HOLLAR\n- 8.5 GETH (~USD 20,000)\n- 3,000,000 HDX (~USD 20,000)\n- 90,000 aDOT\n- 0.07 atBTC (~USD 5,000)\n- 54 GSOL (~USD 5,000)\n- 2.2 GETH (~USD 5,000)\n- 1.2 aPAXG (~USD 5,000)\n\nThe GETH and HDX amounts are sized to USD 20,000 each at the Omnipool spot price\nat the time this proposal was built, then rounded up to a round figure. Any\nexcess not deployed is returned to the Treasury. The four USD 5,000 legs are\nsized the same way.\n\nTo the Council multisig\n`16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE`:\n\n- 60,000 HOLLAR\n\nThis 60,000 HOLLAR is the difference between the stablecoins already held on the\nCouncil multisig and the 600,000 required to accumulate SPY, ZEC + HYPE. With it in\nplace, the multisig has the full 600,000 HOLLAR available to complete the swap\nof all three assets described in section 3.\n\n### What the seeding capital is for\n\nThe funds sent to the Intergalactic Limited multisig seed HOLLAR-ETH,\nHOLLAR-HDX and HDX-ETH concentrated liquidity (Uniswap v4) pools on Robinhood\nChain.\n\nThe 90,000 aDOT is for the aDOT pool. Whatever portion of it is needed will be\nsold for HOLLAR so that the entire lot can be deployed, depending on the pool\nratio at the time.\n\nThe four USD 5,000 legs — atBTC, GSOL, GETH and aPAXG — work the same way:\nroughly half of each is sold for HOLLAR, and the pair is used to create and\nlaunch a concentrated liquidity pool and a gamma strategy for that asset.\n\nThis is purely seeding capital. It is deliberately small. It will be built upon\nin follow-up referenda once the pools are operational, and any surplus liquidity\nwill be returned to the Treasury.\n\nThis is the first step in expanding HDX liquidity beyond Hydration, as briefed\nin \"The Way Ahead\":\n\nhttps://hydration.substack.com/p/the-way-ahead\n\n## 3. Directive to the Council multisig\n\nThe proposal also records an on-chain remark, dispatched from the Treasury\naccount, addressed to the signers of the Council multisig\n16RJh4z1eUHpC3ntre9H2noKGKxihkSqog9PBt9bRbAnj4RE.\n\nHOLLAR proceeds from the sale of assets delisted from the Omnipool are not to be\ntransferred back to the Treasury. They are instead to be used to create OTC buy\noffers of USD 200,000 each for SPY, HYPE and ZEC, as soon as each of those\nassets becomes available.\n\nOnce accumulated, the SPY, HYPE and ZEC are to be returned to the Treasury and\nused to launch those assets in the Omnipool and in the money market.\n\nRecording this on-chain gives the signers an unambiguous, auditable mandate for\nhow those proceeds are deployed, and gives HDX holders a single reference point\nagainst which the execution can be checked.\n\n## Technical notes\n\nAll eleven items execute as the Treasury account through\n`dispatcher.dispatchAsTreasury`, bundled in a single `utility.batchAll`. HOLLAR,\nGETH, aDOT, atBTC, GSOL and aPAXG are ERC20 assets on Hydration, so their\ntransfers carry an extra EVM gas allowance.\n\nPreimage hash:\n0x32fe9402d8886515aed4660070c40fb9e7ea3b54e491d8428ec2f2c685c11452\n\nThe batch has been simulated against mainnet state with the Treasurer origin and\nagainst a forked chain, and completes cleanly in both.\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":"2026-09-17T15:27:42.000Z","editedAt":null,"lastActivityAt":"2026-09-28T13:55:32.107Z","commentsCount":1,"updatesCount":0,"upvotes":0,"threadKey":"opengov:409","source":{"name":"subsquare","id":"6aac0729781cee3ac412cb35","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"6690c444c3e1fdf2"}