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PrimapesPrimapesby0xAc57df25f08e67122c2D191546FDf1e027C0127dthade.eth

Use treasury funds to stake ETH on Swell.

Voting ended over 2 years agoFailed

PROPOSAL: Stake 5E-15E (funds from Keynana mint) and farm Pearls for the upcoming $SWELL airdrop.

https://app.swellnetwork.io/ https://twitter.com/swellnetworkio

With Swell you can stake your ETH and earn 5% APR and farm Pearls. These Pearls will make you eligible for the $SWELL airdrop in Q3-Q4 2023. The longer you stake/LP your $swETH, the more Pearls you farm.

By staking ETH you mint $swETH. Staked ETH can't be unstaked (yet) but you can swap $swETH to ETH at any time and just take a hit on slippage.

My proposal would be to stake 5E-15E (funds from Keynana mint) and farm Pearls for the upcoming $SWELL airdrop.

Any airdropped $SWELL tokens can then be voted on by the community on how to use/distribute those tokens.

Off-Chain Vote

Stake 5 ETH
1 PRIMAPES2.5%
Stake 10 ETH
22 PRIMAPES55%
Stake 15 ETH
17 PRIMAPES42.5%
Don't stake at all.
0 PRIMAPES0%
Quorum:80%
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Discussion

PrimapesUse treasury funds to stake ETH on Swell.

Timeline

Jun 11, 2023Proposal created
Jun 11, 2023Proposal vote started
Jun 14, 2023Proposal vote ended
Oct 11, 2024Proposal updated