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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-597] Claim Wormhole (W) tokens

Voting ended almost 2 years agoSucceeded

Overview

During the Wormhole TGE, the relationships with the business development team secured the Balancer DAO with an allocation of 100,000 W tokens (worth aprox. $60,000 at the time of writing), claimable through the Balancer OpCo executor wallet (eoa). The tokens are now claimable and transferable, and having them on an EVM eoa was a request from the Wormhole team.

This proposal seeks to authorize OpCo for the claim and swap the tokens for stablecoins.

bip-597.jpg

Specification

This proposal authorizes Balancer OpCo Limited executor to interact with the Wormhole frontend https://airdrop.wormhole.com/ using (eoa) wallet 0x122AFb4667C5f80e45721a42C7c81e9140C62FA4 and follow procedures to claim tokens into a Solana address. Governance hereby authorizes the swapping of claimed tokens into stablecoins (pref USDC) at any time and bridging to the OpCo multisig 0x3B8910F378034FD6E103Df958863e5c684072693.

Off-Chain Vote

Yes, let's do it
2.88M veBAL99.4%
No, this is not the way
0 veBAL0%
Abstain
17.43K veBAL0.6%
Quorum:145%
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Discussion

Balancer[BIP-597] Claim Wormhole (W) tokens

Timeline

May 01, 2024Proposal created
May 02, 2024Proposal vote started
May 06, 2024Proposal vote ended
Mar 16, 2026Proposal updated