SWIP-07 Voting Opens in 24 Hours

See you soon ⏰

If you’re a member of SW DAO, make sure to head over to vote.swdao.org and cast your ballot on SW Improvement Proposal-07 which will be up for voting on May 24th at 00:00 UTC.

This is an important proposal that will have a big impact on how the SWD token liquidity will be provided, so it’s important that as many people as possible participate in the voting process. The voting period will begin on May 24th at 00:00 UTC and will last for 72 hours, so make sure you cast your vote before it’s too late!

Be sure to turn on desktop notifications on our voting page so that you never miss an upcoming vote.

The Vote Will Appear as Such

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:

1. Yes
2. No

Forum Discussion

SWIP-07: New Balancer Pool and Bond Issuance Proposal

SnapShot Vote

SWIP-07

Why Participate?

If you like the idea of governing a bank and receiving passive income for doing so, here’s what you need to do:

1. Purchase at least 1 SWD token here.
2. Hold those tokens for >30 days.
3. Participate in >50% of community governance votes per month.

That’s all! Just buy, hold, and participate. You’ll automatically become eligible for the monthly USDC dividend.

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• Join the community on Discord by clicking here
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• Check out our website

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