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.