# Hydrated Treasury Report

After 18 months of Omnipool operation I am today presenting to you an updated Treasury report - detailing Hydration POL and making some recommendations wrt next steps.

Before updating where we currently stand, it's worth reviewing our actions to date:

- 22,473,287.33 DAI accumulated as Protocol Owned Liquidity during the Hydration LBP in March 2021
- [5,000,000 DAI set aside to fund development of Hydration for 2 years](https://hydration.subsquare.io/democracy/referenda/35)
- [495,000 DAI paid to a whitehat & immunefi for the discovery of a critical vulnerability in Omnipool](https://hydration.subsquare.io/democracy/referenda/41)
- The remaining 16,978,287.33 DAI was approved for diversification & partial deployment into the Omnipool through multiple diversification referenda - [Q1](https://hydration.subsquare.io/democracy/referenda/18) & [Q2+](https://hydration.subsquare.io/democracy/referenda/43) proposals

So where are we now?
## TLDR; Hydration POL is currently valued at ~$24,540,000
// this is excluding HDX sitting in the Treasury outside of those that were purchased with 1M POL DAI using DCA.

**A full breakdown of these assets and where they are deployed can be found [here](https://docs.google.com/spreadsheets/d/1GupyK_0KG3aeYDlu_ysfkl7Lm-cnBUD6DP6wOu3W32E/edit?usp=sharing).**

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## POL Highlights


- 17.47 WBTC (~$1.2M) in the Treasury
- 309.16 WETH (~$1M) in the Treasury
- 8,267.43 H2O (~$282K) in the Treasury
- 239K USDT (native) in the Treasury
- ~242K DOT ($1.4M) equivalent value held by protocol in Omnipool
- 3.28M DAI currently unallocated on the [Hydration Council multisig](https://app.safe.global/balances?safe=eth:0xc8d5a24e71EAAcf6ecB1E850c0Face14B179D3B8) 

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## Proposed Actions


1. Deposit all 17.47 WBTC into the Hydration Money Market & as potential collateral for HOLLAR
2. Swap 309.16 WETH (MRL) for the Snowbridge equivalent and deposit in the Omnipool - (Snapshot approved [here](https://voting.opensquare.io/space/hydradx/proposal/QmQdPXTTjBwj24WqjWwMT4km8K1NQdGVmChegpuFmK31CD))
3. DCA 8,267.43 H2O into HDX to return that value to HDX holders - to be distributed later to HDX stakers
4. Withdraw all POL DOT positions from Omnipool due to significant liquidity depth - with 50% to be staked and 50% to be deposited into the Hydration Money Market
5. Swap 0.52 iBTC for HDX - to be distributed later to HDX stakers
6. Swap 1M unallocated DAI to sDAI (7% APR) with the intention to deposit it into the Omnipool to enable Yield DCA strategy with stablecoins
7. Swap 1M unallocated DAI to sUSDe (11% APR) with the intention to deposit it into the Omnipool to enable Yield DCA strategy with stablecoins
8. Swap remaining 1.28M unallocated sDAI - to remain in the Council-controlled multisig generating yield until a suitable allocation is agreed
9. Authorize the Hydration Council to swap the remaining 1.25M DAI allocated for protocol development to sDAI - accruing yield at 7% APR

**This discussion will remain live for 1 week, before feedback is collected and an updated proposal is submitted on-chain for approval by HDX holders.**

#203 Hydrated Treasury Report