Wombat DAO Private Sale Deals Proposal

Wombat DAO Private Sale Deals Proposal | Starting The Year With A Golden Cube Turd!

Wombats! A new era is upon us. Over the past year, many of the wombat caretakers have remained active in cleaning their burrows and used the $WPOO as fertilizer to collect more $WDAO. This effort wasn't in vain; the voting power from the collected $WDAO tokens may open doors to stinkin' exciting opportunities…

Introducing the proposal for the Wombat DAO Private Sale Deals! A couple of wombats in the Wombat DAO have dug a burrow, jumped in, and worked together for many years getting access to good-quality private sale deals. If this proposal gets voted through, any opportunity that arises will be accessible for every wombat owner who has staked $WDAO tokens and votes.

In return, those projects expect the private sale participants to actively work together to spread knowledge about the project on social media. This involves making tweets, writing articles, designing overviews etc. This means we will need to build massive towers with our cube wombat turds and scream the project's USPs from the turdtops!

Here's how it will work: When a private sale deal comes up, the details will only be shared in the 'wombatland' channel in Discord. This channel is only accessible for Wombat NFT owners. Each deal has its unique vesting schedule determined by that project's team. After the discussion, the deal will be put up for a vote on snapshot.org/#/wdao.eth. The proposal on Snapshot will not include the full details of the deal, but only a reference to the discord discussion, as most projects prefer such details not to be public.

If/when the proposal is approved by the Wombat DAO participants, those who voted in favor will get the allocation based on their voting power. Voting power is determined by the number of $WDAO tokens staked, multiplied by the bonus for a longer unstake notice. (all the multipliers can be seen here - https://wpoo.wombat.team/governance-wdao) To receive the allocated tokens after sending the private sale funds, the investor needs to have the same or higher voting power as when the vote on the deal proposal was made. This bit is important, as it basically means that if you're unstaking your WDAO - you're effectively giving up your token allocation in a project.

The Wombat DAO will receive 5% from each private sale token allocation. These tokens can be locked away or used as proposed and voted on by the DAO.

<When and where can you vote for the Private Sale Deals Proposal?> Within a couple of days, the proposal to give wombat caretakers access to the private sale deals will go live on Snapshot. The link to vote will be shared in the wombatland channel in the WombaTeam Discord group.

Every private sale that the Wombat DAO gets access to, will be put up for a vote. After the proposal to invest in a specific deal is approved - a dedicated form will be published on #wombatland channel with an indication of interest in terms of the requested allocation, after members fill out the form, the DAO will have a pretty good idea as to what allocation should it ask for. If the requested allocation is received by DAO - every member who voted in favor - will get what they asked for. If the received allocation is smaller - the pro-rata mechanism based on the voting power, considering the individual requested allocations will be applied.

The token distribution schedule will depend on the specific project vesting terms. For example, if some tokens vest at TGE - these will be distributed to the members as soon as practically possible after the tokens are received by the DAO. The tokens will most likely be received into the DAO multisig wallet, so various signers availability might affect the timelines of the distribution. If tokens are continuously vested over 12 months for example - most likely these tokens will be claimed and distributed by the DAO monthly or quarterly.

The deal participants will only get their private sale tokens if they have the same (or higher) voting power as the one they had when voting for the deal.

For each private sale, 5% of the tokens allocated for the wombat private sale participants will go to the Wombat DAO to be stored away or used in a way that gets proposed and voted on by the DAO.

We are thrilled for what is to come and look forward to growing as a wombat family and exploring all opportunities thrown at us. Shit's golden!