Water: 5 Token Swaps in 1 & an Index Token to Boot! (new Vote!)

This is a re-do of the previous $WATER vote which was rendered invalid due to a lack of quorum - so VOTE PLEASE!

Description

TL;DR Each of these DAOs

• 1Hive
• Shapeshift
• BrightID
• Giveth
• Maybe Opolis
• Us!

Would put in 100k in their token into a multisig and then, if all 6 groups put in $100k, 600k $WATER would be minted and then paired with each token in a Honeyswap LP. No other $WATER would be minted.

This would allow each DAO to have a nice liquidity boost, while also creating a $WATER token that effectively acts as an Index of all the DAOs.

It’s a 5 way token swap that also creates an index token that can potentially give additional upside!

This is however an untested model… Defi is a crazy place and even though it seems like a great idea to me, by participating, we would be blazing a trail that hasn’t been walked before.

More detailed post: Here