We still have 55,586,946 unallocated $WM that need to be distributed one way or another. Based on your feedback, we have revised our approach and now present four options for the community to decide upon.
Please review the options below and vote for the one you believe is best for the treasury and the long-term success of $WM
Option 1: Premium Bond (longer vesting, higher price)
- Sell 55,586,946 $WM bonds at the totalBacking price
- 30% discount
- Vesting until September 25
- Expected treasury inflow: $150K–$200K
Option 2: Shorter Vesting, Market-Based Price
- Sell 55,586,946 $WM bonds at the WM market price
- 1% discount
- Vesting until September 20
- Expected treasury inflow: ~$50K
Option 3: Direct Mint to Treasury
- Mint 55,586,946 $WM directly to the treasury
- Convert them into liquid assets through one (or a mix) of the following methods:
- Market Sell — gradual selling on the open market
- V3 Liquidity — adding liquidity on Uniswap V3 (or equivalent) and letting the market trade it out
- OTC Deals — direct over-the-counter agreements with interested parties
Option 4: Sequential Approach (step-by-step allocation)
- Begin with Option 1 (Premium Bond). If bonds are not sold within 24 hours,
- Move to Option 2 (Market Price Bond). If after 24 hours there are still unsold tokens,
- Move to Option 3 (Direct Mint to Treasury).
- This ensures that all 55,586,946 $WM are allocated efficiently, with the community having the chance to benefit from premium bonds first.