# LP Pairing Mint

LP-pairing mint creates **Treasury-side HOLI** to own a pool. **All newly minted HOLI enters that LP** at the then market price (Genesis base pools use launch parameters). It is not sold to users. New HOLI sits in <Md expr="S_t^{\mathrm{treas}}" />. It does **not** increase external supply. <Md expr="N_t" /> does not jump.

## Genesis base pools

**HOLI/USDG base pool:** immediately after the main channel closes, deploy with **100,000 USDG + 50,000 HOLI minted at $2**; the **LP is Treasury-owned**. **Undeployed reserves after the HOLI/USDG deploy (i.e. after Genesis): about $100,000 USDG remaining.**

Genesis first opens [SHYT/HOLI](/launch/genesis-pool): **Green-channel issuance at full quota: another 200,000 HOLI, pooled with SHYT at $1 per HOLI.** **Genesis-stage full issuance total: 400,000 HOLI (of which 200,000 sit in Treasury LP)** is that SHYT/HOLI moment. **HOLI/USDG base pool:** immediately after the main channel closes, deploy with **100,000 USDG + 50,000 HOLI minted at $2**; the **LP is Treasury-owned**. **Undeployed reserves after the HOLI/USDG deploy (i.e. after Genesis): about $100,000 USDG remaining.** Same as SHYT/HOLI: Treasury-held; HOLI not in the NAV denominator; USDG external leg counts in NAV at **1×**. This [HOLI/USDG](/launch/usdg-pool) print is a **follow-on Treasury LP mint** of **50,000** HOLI — then <Md expr="S" /> becomes **450,000**, <Md expr="N" /> stays **200,000**, **NAV still $2**. **Undeployed reserves after the HOLI/USDG deploy (i.e. after Genesis): about $100,000 USDG remaining** (**25%** of <Md expr="A_0" />). Do not call the 200k still-undeployed at that moment. **Immediately** — not days later, not after stock pools. Those two base pools execute on **launch parameters**.

Stock pools are **not** opened at that HOLI/USDG moment.

## Stock pools

**HOLI/Stock deployment:** only after **undeployed again > 30%** (or a **separate approval** to use reserves) **and** a <Md expr="w" /> vote passes the **specific name**, then swap into that stock and form the pool.

Both gates:

1. Undeployed share **again > 30%** — or the community separately approves using reserves.
2. A <Md expr="w" /> vote **passes the specific name**. **Which** to buy and **how much** each is decided by <Md expr="w" /> after Genesis. A proposal must name the **blue-chip**, **target LP size**, and **risk cap**.

Then the **team** swaps undeployed single-asset (USDG and the like) for the approved stock and mints the pairing HOLI. **All newly minted HOLI enters that LP at the then market price.** The LP is Treasury-owned. <Md expr="N" /> is unchanged. **Unapproved assets are not admitted.** Except **SHYT**, approved names are **blue chips**. First candidates include **MU, NVDA, AAPL, AMZN** — tokenized stocks already live on Robinhood Chain. [Asset admission](/treasury-mgmt/admission).

Same rule as the Genesis [USDG pool](/launch/usdg-pool) and [POL deployment](/treasury-mgmt/deployment): do not leak pairing HOLI outside the LP.

This mint can run during the [7-day quiet period](/launch/quiet-period): forming [SHYT/HOLI](/launch/genesis-pool), [HOLI/USDG](/launch/usdg-pool), later stock if the gates pass. It is not staking inflation, and it is not premium issuance.