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MetaTrustDAOMetaTrustDAOby0xe06caB94829b5b7077E9526f0901AC4892FAd65a0xe06c…d65a

Give limited governance to swap $WRLD V1 to V2 for arbitrage opportunities

Voting ended almost 3 years agoSucceeded

We have 16,366 $WRLD V1 that has been accumulating from the 10% monthly yields along with 5% from poker tournaments.

This proposal is to give DAO founders the ability to swap our 16,366 $WRLD V1 to $ETH and then to $WRLD V2 in order to capitalize on arbitrage opportunities in the form of pumps and dips prior to the upcoming migration without the need for multiple proposals each time a trade needs to be initiated and with the intention to maximize DAO funds strategically.

Without this governance, proposals would be required before every transaction. Therefore, this will help us be a bit more agile during this migration period.

If swapped on the NFTW website, we'd only get a 5% increase on the 16,366 $WRLD, which would be 818 $WRLD for a total of 17,184 $WRLD V2; we should get more than this taking advantage of arbitrage opportunities.

For example, as I type this Uniswap currently shows 16,366 $WRLD V1 = 18,463 $WRLD V2

If passed, this governance authorization will terminate on the day NFT Worlds makes their new world staking contract live. Any future $WRLD token swaps after that point will require a new proposal.

Off-Chain Vote

Yes, allow.
251 WTKO100%
No, do not allow.
0 WTKO0%
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Timeline

Apr 27, 2023Proposal created
Apr 27, 2023Proposal vote started
Apr 28, 2023Proposal vote ended
Oct 26, 2023Proposal updated