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SW DAO Opens the Floor for Discussion on SWIP-05

Time to discuss— voting opens January 26th

Jan 19 2022 - SW DAO
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Full Proposal Here:

SWIP-05: Do you approve of the following changes to SW DAO?

  1. The monthly USDC dividend will be airdropped solely via the Polygon network beginning on March 1st. February 1st will be a hybrid Layer 1/Layer 2 dividend airdrop acting as a grace period for non-bridged token holders. The dividend multiplier will be unaffected by all who bridge to Polygon. The 100 SWD token hurdle will be removed beginning February 1st for all Polygon network SWD holders.
  2. SW DAO Treasury will convert 41.84% of total assets to ETH, 23.26% of total assets to SWAP, 23.26% of total assets to SWYF, and 11.63% of total assets to MATIC.
  3. SWD token liquidity will be distributed 70% in a new Polygon Balancer Pool with SWAP/SWYF/ETH/MATIC, and 30% on Uniswap, Sushiswap, and Quickswap for SWD-ETH pairing.
  • “Yes”
  • “No”

Voting Period

SWIP-05 voting will be open Wednesday, January 26th at 00:00 UTC until January 29th at 00:00 UTC. Voting will occur via our Snapshot page at vote.swdao.org.

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