72 Hours Left to Cast Your Vote
Voting Has Begun 🗳️
It’s time to vote! The polls are open for SWIP-07, and voting is live at vote.swdao.org. To participate, simply connect your Polygon wallet and submit your votes. The polls will be open for 72 hours from May 24th at 00:00 UTC till May 27th at 00:00 UTC.
Remember, you must participate in SWIP-07 if you want a stake in the monthly Dividend Pool. So be sure to head over to the voting page and cast your votes before the polls close.
And don’t forget to turn on desktop notifications by clicking “Join” on our voting page so that you never miss an upcoming vote. Thanks for taking part in the governance of the SW DAO!
Voting Link
Do you approve of the following changes to SW DAO?
Regarding Balancer Pool creation:
- All existing SWD liquidity, ~$46,000 at the time of publication, will be moved from Sushiswap, Uniswap, and Quickswap to Balancer.
- The Balancer pool will include the assets SW DAO token, SW Yield Fund, Quantum Momentum ETH, and USDC.
Regarding the makeup of the Balancer Pool:
- The initial makeup of the balancer pool priced against SWD will be 40% USDC, 30% SWYF, and 30% QME.
- Category weights are set by the Governance Community, and individual token weights are to be set by the Founding Team.
- 60% of the Balancer Pool will be SW DAO’s products, and 40% will be currency.
Regarding the use of Liquidity Mining funds for Bond issuance:
- The previously allocated 6% of the total supply for Liquidity Mining will be assigned to Balancer Pool Bond issuance.
- The term for the Bonds issued will be 24-months with interest linearly unlocked.
- The Bond interest rate will be a maximum of 40%, with the initial rate set by the Founding Team and changed based on market demand.
All changes outlined above will be approved or denied in a single vote. ‌Governance participants will select one of the following two options:
- Yes
- No
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