The on-chain system remark is the SHA-256 hash ( a2cfdec35d9587eb4e77cfaf18fd7970651abeb765b512f7c50b829d215b178d ) of the following message. It is in Markdown format, so please paste in a Markdown previewer such as https://markdownlivepreview.com/ to see it fully-formatted.
**Title:** Polkadot Community Foundation - Repatriate Centrifuge-Deployed Treasury Assets to the Polkadot Treasury in Stablecoins
**Track:** Wish for Change (WFC)
**Executive Summary**
In September 2024, Referendum \#1122 authorized the Polkadot Community Foundation (PCF) to invest **$1.5 million USDC** from the Polkadot Treasury into Centrifuge’s Anemoy Liquid Treasury Fund (LTF). The position [has been active](https://assethub-polkadot.subscan.io/extrinsic/8435877-2) and accruing yield.
The Polkadot community now requests that the PCF fully redeem the deployed position \- including any earned yield, from the Anemoy LTF.
Following redemption (and conversion if needed), the total USDC balance must be transferred to the Polkadot Treasury’s sovereign account on Asset Hub.
For transparency and accountability, each step (redemption, conversion if applicable, transfer) must be accompanied by a comment on this Referendum on Polkassembly and/or Subsquare , containing relevant transaction details.
**Scope of Directive**
| Action | Detail | Proof required |
| :---- | :---- | :---- |
| **Redeem PositionDeployment State** | Withdraw 100% of the principal (1.5 M USDC) plus all accrued yield from the Anemoy LTF, minus any mandatory withdrawal fees | On-chain activity / Comment on Polkassembly and/or Subsquare |
| **Return Funds** | Transfer the total USDC balance to the Polkadot Treasury sovereign account on Asset Hub: **14xmwinmCEz6oRrFdczHKqHgWNMiCysE2KrA4jXXAAM1Eogk.** | On-chain activity / Comment on Polkassembly and/or Subsquare |
| **Final Confirmation** | Post-completion summary confirming totals redeemed, converted, and transferred. | Comment on Polkassembly and/or Subsquare |
**Wish**
The Polkadot community wishes the PCF take the following actions:
1. **Redeem the entire position**
* Withdraw 100 % of the principal ( 1.5M USDC ) and all accrued yield from the Centrifuge / Anemoy Liquid Treasury Fund.
2. **Return funds to the Treasury on Asset Hub**
* Transfer the final balance to the Polkadot Treasury sovereign account on the Asset Hub system parachain.
3. **Provide on-chain proof for transparency**
* Submit a timely (within 24 hours) comment on Polkassembly and/or Subsquare for any relevant off-chain events, explaining the action taken. If this includes any on-chain activity, any relevant transaction identifiers should also be included.
* After completion and return to the Treasury, a statement to that effect should be included as a comment on this Referendum, visible on the Polkassembly and Subsquare page. This should be done in a timely manner (within 24 hours of completion).
**Compliance & Timeline**
* The return of funds to the Treasury is expected to be completed within a four-week period after the execution of this referendum. Should any operational barrier arise that would negatively impact this timeline, Autonomous Projects, on behalf of the Polkadot Community Foundation, shall notify the community **by commenting on Polkassembly and/or Subsquare** within **72** hours of discovery, outlining a remediation plan.
The on-chain system remark is the SHA-256 hash ( a2cfdec35d9587eb4e77cfaf18fd7970651abeb765b512f7c50b829d215b178d ) of the following message. It is in Markdown format, so please paste in a Markdown previewer such as https://markdownlivepreview.com/ to see it fully-formatted.
**Title:** Polkadot Community Foundation - Repatriate Centrifuge-Deployed Treasury Assets to the Polkadot Treasury in Stablecoins
**Track:** Wish for Change (WFC)
**Executive Summary**
In September 2024, Referendum \#1122 authorized the Polkadot Community Foundation (PCF) to invest **$1.5 million USDC** from the Polkadot Treasury into Centrifuge’s Anemoy Liquid Treasury Fund (LTF). The position [has been active](https://assethub-polkadot.subscan.io/extrinsic/8435877-2) and accruing yield.
The Polkadot community now requests that the PCF fully redeem the deployed position \- including any earned yield, from the Anemoy LTF.
Following redemption (and conversion if needed), the total USDC balance must be transferred to the Polkadot Treasury’s sovereign account on Asset Hub.
For transparency and accountability, each step (redemption, conversion if applicable, transfer) must be accompanied by a comment on this Referendum on Polkassembly and/or Subsquare , containing relevant transaction details.
**Scope of Directive**
| Action | Detail | Proof required |
| :---- | :---- | :---- |
| **Redeem PositionDeployment State** | Withdraw 100% of the principal (1.5 M USDC) plus all accrued yield from the Anemoy LTF, minus any mandatory withdrawal fees | On-chain activity / Comment on Polkassembly and/or Subsquare |
| **Return Funds** | Transfer the total USDC balance to the Polkadot Treasury sovereign account on Asset Hub: **14xmwinmCEz6oRrFdczHKqHgWNMiCysE2KrA4jXXAAM1Eogk.** | On-chain activity / Comment on Polkassembly and/or Subsquare |
| **Final Confirmation** | Post-completion summary confirming totals redeemed, converted, and transferred. | Comment on Polkassembly and/or Subsquare |
**Wish**
The Polkadot community wishes the PCF take the following actions:
1. **Redeem the entire position**
* Withdraw 100 % of the principal ( 1.5M USDC ) and all accrued yield from the Centrifuge / Anemoy Liquid Treasury Fund.
2. **Return funds to the Treasury on Asset Hub**
* Transfer the final balance to the Polkadot Treasury sovereign account on the Asset Hub system parachain.
3. **Provide on-chain proof for transparency**
* Submit a timely (within 24 hours) comment on Polkassembly and/or Subsquare for any relevant off-chain events, explaining the action taken. If this includes any on-chain activity, any relevant transaction identifiers should also be included.
* After completion and return to the Treasury, a statement to that effect should be included as a comment on this Referendum, visible on the Polkassembly and Subsquare page. This should be done in a timely manner (within 24 hours of completion).
**Compliance & Timeline**
* The return of funds to the Treasury is expected to be completed within a four-week period after the execution of this referendum. Should any operational barrier arise that would negatively impact this timeline, Autonomous Projects, on behalf of the Polkadot Community Foundation, shall notify the community **by commenting on Polkassembly and/or Subsquare** within **72** hours of discovery, outlining a remediation plan.
Threshold
Threshold