# POL Deployment

**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. Admissible Treasury assets and **quality RWA** are community <Md expr="w" /> votes. Vote weight **is the same staking effective weight <Md expr="w" />**.

Stock pools are **not** opened with the Genesis [SHYT/HOLI](/launch/genesis-pool) and [HOLI/USDG](/launch/usdg-pool) base pools. Those two execute on **launch parameters** — HOLI/USDG is **100,000 USDG** + **50,000 HOLI at $2**, Treasury LP. **Undeployed reserves after the HOLI/USDG deploy (i.e. after Genesis): about $100,000 USDG remaining.** Same remaining cash: 200k USDG in via the main channel, 100k into HOLI/USDG, **100k undeployed** (**25%** of opening <Md expr="A_0" />). Do not call the 200k still-undeployed at that moment. <Md expr="N" /> is unchanged.

Both gates, then a team click:

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**. The proposal names the **blue-chip**, **target LP size**, and **risk cap**. [Asset Admission](/treasury-mgmt/admission).
3. **Execution.** The team swaps undeployed single-asset for the approved stock, mints pairing HOLI, deposits the LP.

The team cannot open a new Stock/HOLI book without the name vote. It cannot skip the undeployed **> 30%** gate unless that **separate approval** to use reserves has passed. **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. Later votes may **adjust asset caps** or **stop new deployments**. RWA enters as that **LP external leg**, not idle inventory. The opened pool uses the same Uniswap V4 full-range hook: buy HOLI **0**, sell HOLI **1%** as **LP fee** **in the pool or extracted to Treasury per the contract**. **Developers take no cut.** The vote is the **name**, not that fee. No StockA/StockB.

**USDG**
→ **buy Stock**
→ **mint HOLI**
→ **Stock/HOLI LP**

1. Spend undeployed USDG for the admitted stock token.
2. Mint HOLI against that stock at the **then market price** (an [LP-pairing mint](/supply/lp-pairing)).
3. Pair stock + HOLI into a Treasury-owned Uniswap V4 pool.

**All newly minted HOLI enters that LP at the then market price.** The LP is Treasury-owned. <Md expr="N" /> is unchanged.

## Already-approved pools

When undeployed is **again > 30%** — or the community separately approves using reserves — <Md expr="w" /> votes to allocate idle funds into **already-approved** pools (SHYT/HOLI, USDG/HOLI, and any live Stock/HOLI). The team may execute a **passed** allocation. It cannot allocate idle funds without that vote (or a separate approval to use reserves).

## New HOLI stays inside

**Newly minted HOLI for this path only enters Treasury-owned LP. It sits in <Md expr="S_t^{\mathrm{treas}}" />. It does not enter circulating supply.**

Same rule as the Genesis [HOLI/USDG pool](/launch/usdg-pool): inventory to quote the spoke, not a sale to the market. The NAV denominator does not jump. External HOLI is unchanged.

The house does not buy Stock and then sell HOLI into the open book to fill the other side. The other side is minted into the LP the Treasury owns.

SHYT/HOLI and USDG/HOLI follow the same idea — mint into POL, don't leak pairing HOLI outside.