{"requested":"opengov:454","threadKey":"opengov:454","generation":"f0833529285a8e48","total":2,"rows":[{"commentId":"s6af60bccba11920a400079be","parentId":null,"replyToId":null,"author":{"account":{"accountId":"0xdebc95a9dd563e982919bfabcdbe2b59b8202d2d0cce9bdfc46ace0eb95ef441","address":"1633eoT81CcE2qMguqmPrSK4XwyYwu49H4Dv3N6J8mdx2op5","emoji":"🏵","tag":null,"identity":null,"profile":{"name":"pretty","avatarVersion":0}},"legacyName":null},"body":"Fellow Hydrators,\n\nThis follows from the discussion **Proposal to sweep idle protocol HOLLAR \nreserves to the HSM buyback pool** \n([Discussions](/discussions)).\n\nRefs #452 and #453 are raising the HOLLAR borrow rate and capping new mints \nto stabilize the peg. I voted Aye on both. This referendum complements them \nby sweeping accumulated HOLLAR reserves from the Omnipool protocol fee \naccount into the HSM buyback pool.\n\n**What it does:**\n\nA single Root-level call that transfers accumulated HOLLAR protocol fee \nreserves from the Omnipool pallet account to the HSM replenishment address. \nThe `dispatchAsAaveManager` origin used by #452/#453 cannot reach this \nreserve, which is why it requires a separate Root referendum.\n\n**Why now:**\n\n- HOLLAR is ~91 bps under peg\n- HSM buyback inventory is spent (confirmed in #452/#453)\n- Stable pools weighted ~72/28 towards HOLLAR\n- Protocol fees sitting idle add nothing to the peg\n- #452 and #453 are both in Deciding — executing this alongside them gives \n  the peg the strongest combined recovery\n\n**Net effect:**\nchopsticks fork: transfer clean, spot unchanged\n\nStay hydrated :)\n- HSM buyback inventory replenished from existing protocol income — no new \n  HOLLAR minted\n- Idle sell-side HOLLAR removed from the protocol fee account\n- Direct buy pressure complements #452 (rate incentive) and #453 (supply cap)\n- Single call, zero impact on Omnipool asset prices or existing positions\n- Verified on a chopsticks fork: transfer clean, spot unchanged\n\nStay hydrated :)\n```","bodyFormat":"markdown","hidden":false,"hiddenReason":null,"deleted":false,"createdAt":"2026-11-12T18:56:12.724Z","editedAt":null,"revision":0,"upvotes":0,"source":{"name":"subsquare","id":"6af60bccba11920a400079be","cid":null,"height":1},"position":null,"media":{},"replies":[]},{"commentId":"s6af60be9ba11920a400079bf","parentId":null,"replyToId":null,"author":{"account":{"accountId":"0xdebc95a9dd563e982919bfabcdbe2b59b8202d2d0cce9bdfc46ace0eb95ef441","address":"1633eoT81CcE2qMguqmPrSK4XwyYwu49H4Dv3N6J8mdx2op5","emoji":"🏵","tag":null,"identity":null,"profile":{"name":"pretty","avatarVersion":0}},"legacyName":null},"body":"- Opens: \"Fellow Hydrators,\"\n- Back-reference: bold discussion title + URL\n- Sections: **bold inline headers** (no markdown ##)\n- Steps: numbered/bulleted mixed\n- Key phrases: \"verified on a chopsticks fork\", \"zero impact\", \"single call\"\n- Closes: \"Stay hydrated :)\"\n- Tone: helpful community member, not authoritative\n- References: #452, #453, #408 — linking to known/trusted proposals\n- Length: Discussion ~300 words, Referendum ~200 words (matches #396)\n- NO technical call details — \"single Root-level call\" is all they need","bodyFormat":"markdown","hidden":false,"hiddenReason":null,"deleted":false,"createdAt":"2026-11-12T18:56:41.467Z","editedAt":null,"revision":0,"upvotes":0,"source":{"name":"subsquare","id":"6af60be9ba11920a400079bf","cid":null,"height":2},"position":null,"media":{},"replies":[]}],"updates":[{"commentId":"c01M78HDY51JQQMSR3T7BD6WYKN","parentId":null,"replyToId":null,"author":{"account":{"accountId":"0xe4fc4e7331cb6751f40f03c8d3b2e7cbac115dc0241ab43dee31fbb36d484927","address":"16BEsNEpx4dfYZMFXYEMfGe51geCVPrtFW49J191MN9CPmsd","emoji":"🐮","tag":null,"identity":null,"profile":null},"legacyName":null},"body":"--Support HOLLAR peg: sweep idle protocol HOLLAR to the HSM buyback pool--\n\n\n```\nFellow Hydrators,\n\nThis follows from the discussion **Proposal to sweep idle protocol HOLLAR \nreserves to the HSM buyback pool** \n(https://hydration.subsquare.io/posts/XXX).\n\nRefs #452 and #453 are raising the HOLLAR borrow rate and capping new mints \nto stabilize the peg. I voted Aye on both. This referendum complements them \nby sweeping accumulated HOLLAR reserves from the Omnipool protocol fee \naccount into the HSM buyback pool.\n\n**What it does:**\n\nA single Root-level call that transfers accumulated HOLLAR protocol fee \nreserves from the Omnipool pallet account to the HSM replenishment address. \nThe `dispatchAsAaveManager` origin used by #452/#453 cannot reach this \nreserve, which is why it requires a separate Root referendum.\n\n**Why now:**\n\n- HOLLAR is ~91 bps under peg\n- HSM buyback inventory is spent (confirmed in #452/#453)\n- Stable pools weighted ~72/28 towards HOLLAR\n- Protocol fees sitting idle add nothing to the peg\n- #452 and #453 are both in Deciding — executing this alongside them gives \n  the peg the strongest combined recovery\n\n**Net effect:**\nchopsticks fork: transfer clean, spot unchanged\n\nStay hydrated :)\n- HSM buyback inventory replenished from existing protocol income — no new \n  HOLLAR minted\n- Idle sell-side HOLLAR removed from the protocol fee account\n- Direct buy pressure complements #452 (rate incentive) and #453 (supply cap)\n- Single call, zero impact on Omnipool asset prices or existing positions\n- Verified on a chopsticks fork: transfer clean, spot unchanged\n\nStay hydrated :)\n```","bodyFormat":"markdown","hidden":false,"hiddenReason":null,"deleted":false,"createdAt":"2026-11-12T18:48:26.017Z","editedAt":null,"revision":0,"upvotes":0,"source":null,"position":null,"media":{},"replies":[]}],"nextCursor":null,"positionsComplete":true,"locked":false}