This is a new referendum to gradually convert part of the Polkadot Treasury's DOT assets into stable coins (specifically USDT and USDC). Similar to [referendum 457](https://polkadot.polkassembly.io/referenda/457), it uses Hydration's DCA feature to sell a fixed amount of DOT per day. The allotted amount covers one year of conversions.

Unlike 457, rather than acquiring a fixed amount of USDT/C per trade, this sells a fixed amount of DOT per trade.

See the [proposal doc](https://docs.google.com/document/d/113gRdJ-LxqbzhSZZOewL1XPLINjOG0oFtNM9IZVQFX8/edit) for more details, methodology, and calculations.

- **Problem Statement:** Converting part of the Polkadot Treasury's DOT assets into stable coins (USDT and USDC) using Hydration's DCA feature.
- **Significance:** Ensuring a gradual conversion of DOT assets into stable coins for financial stability.
- **Proposed Solution:** Selling a fixed amount of DOT per day to convert into stable coins.
- **Expected Outcomes:** Efficient management of Polkadot Treasury's assets and increased financial stability.

#1104 Convert Part of DOT Assets to Stablecoins

No Active Proposals