{"postId":"opengov:453","kind":"opengov","title":"HOLLAR market facilitator bucket: 13M → 11M","body":"# HOLLAR market facilitator bucket: 13M → 11M\n\nHOLLAR is trading about 80 bps under peg and the HSM has spent its buyback inventory. Since 8 November about 0.9M of new HOLLAR has been borrowed and sold into the stable pools, which are now weighted roughly 72/28 towards HOLLAR. This referendum lowers the mint capacity of the Hydration money market facilitator from 13M to 11M HOLLAR, so that no significant new HOLLAR can be minted while the HSM is restocked and the borrow rate is raised.\n\nWhat it changes: the facilitator bucket capacity on the HOLLAR token. The current level is about 10.7M, leaving roughly 300k of headroom. The FlashMinter and HSM facilitators are unchanged.\n\nWhat it does not do: no existing position is affected. Repaying, supplying and withdrawing continue as normal. Borrowing HOLLAR stops once the remaining headroom is used, until the cap is raised again by governance.","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":1,"createdAt":"2026-11-12T14:59:42.000Z","editedAt":"2026-11-12T15:04:43.760Z","lastActivityAt":"2026-11-12T21:06:42.000Z","commentsCount":0,"updatesCount":0,"upvotes":0,"threadKey":"opengov:453","source":{"name":"subsquare","id":"6af5d49f781cee3ac4bb0499","cid":null,"removed":false},"bannerCid":null,"banner":null,"poll":null,"locked":false,"media":{},"hidden":false,"generation":"f0833529285a8e48"}