Proposal to increase MATIC pre-sale swap x2 for FATEh to FATEm FATExFi Launch

The 80M cap of FATEh (FATE on Harmony) permitted to be swapped for a FATEm (FATE on MATIC) & USDC LP was successful and has reached the limit.

However, until the snapshot proposal passes we want to encourage members to continue applying.

Increasing it may require extending the unlock period — but it will not double the time. The expectation is between 28–36 weeks, this will be determined when an analysis is conducted approx. 1–2 weeks after launching FATExFi on MATIC is conducted to determine the appropriate release period. We will do our best to ensure the time members must wait is the mininum and it will be justified solely by the math.

We are proposing to increase the offering to $160M, allowing an additional $80M of FATEh to be used. We will treat it as the same “round” (members who have already applied — you are allowed to increase the FATEh you are using and we will be contacting you shortly to provide the details to send the FATEh and 1USDC to the multi-sig on Harmony)

Please read the detailed explanation published on the DAO Medium - it has examples, links, and provides some further insight.

THE DETAILED EXPLANATION SUPPORTING THIS PROPOSAL MAY BE FOUND HERE:

https://bit.ly/3vMpl6z

PLEASE VOTE -

1. Yes - approve the increase to allow more members to participate and provide more liquidity for FATExFi

2. No - do not approve this proposal