In response to Wish-For-Change referendum #1394, I am presenting a proposal to introduce a Bitcoin Reserve for the Polkadot Treasury as seen here.
This proposal will convert 500,000 DOT into tBTC over the course of a year using Hydration’s “rolling DCA” feature. After a short accumulation period, chunks of 0.005 tBTC will be provided as liquidity into the Hydration Omnipool. This will allow diversification of the Polkadot Treasury portfolio while also supporting ecosystem DeFi incentives.
One of the strongest assets of the past decade, Bitcoin continues to perform. This is an opportunity for Polkadot to hedge against uncertainty while signaling to the broader industry that we do believe in and support a multi-chain future.
Following some discussion, I hope to bring this proposal on-chain early next week.