Nothing in this post or follow up discussions should be taken as financial advice or an endorsement of any token/asset.
Some of the DAO contributors were discussing tokenomics with a group of thought leaders and the idea of accelerating SAFT vesting (unlocking all investor’s tokens) came up. In theory, paper hands will sell while token price and liquidity is low (relative to historical data), leaving only the long term believers in the DAO. This could set the DAO up for long term success.
Original vesting breakdown can be found here. Simplified stats as of today (April 6, 2023)
Current circulating supply: 176,803,772
Investor SAFTs still vesting: 76,500,000
Circulating supply after acceleration: 253,303,772
Note: Current circulating supply is pulled from the API here and the logic behind calculations can be found here. The number will differ from original vesting breakdown due to DAO proposals that have passed for various items like liquidity mining. The logic is subject to change for improved accuracy as standard practices become more established.
Contributor, team, and advisor vesting should remain on the original 4 year schedule.
All Foundation SAFTs are on-chain within SPL Governance Voter Stake Registry plug-in and Realms. So accomplishing this task would take some development work and time. The goal of this post is to gather feedback (positive and negative) around this idea and determine if it’s worth putting into motion.
- For: investor accelerated vesting
- Against: investor accelerated vesting