WEWESwap is thrilled to announce a strategic merger has been signed with Brokkr Finance, a significant acceleration in our journey to taking over Base
This article will cover the key benefits and how the token merge will happen
Key Benefits of the Merge
- $2M+ Treasury Expansion
- WEWESwap inherits Brokkr’s significant tech, resources, team, as well as cash and token assets. Comprising >$1M in $BTC, $ETH, $RUNE, $USDC and other tokens
- Additionally, a further $1M USDC is being injected from a strategic investor to total over $2M in non-WEWE treasury assets
- WEWESwap now has a significant treasury/runway to fuel long term development and our ambition to be the leading Base DEX
2. Team Expansion
- Brokkr’s 4 gigabrain engineers are working on WEWESwap, effective immediately, joining forces with existing devs JP, Hippocampus, Cullen
- This will significantly accelerate our development capacity and speed
3. Community Expansion
- All existing BRO holders will be able to convert to WEWE
- Holders and active community members will expand rapidly by joining forces, good for both existing BRO and WEWE holderbases
4. Tech and Expertise
- The Brokkr team has significant experience with automated liquidity management and hooks, as well as being one of the first teams to experiment with V4 hooks (plugins that completely change pool mechanics)
- WEWESwap will run automated LP vaults and leverage Brokkr’s expertise to build an ultimate DEX on Base
For the >$2M treasury, team, community and tech benefits, the new WEWE supply will be modified to 120B — allocating 10B for the BRO/WEWE merge, and 10B for the strategic investor on 6 month vesting terms
Note here that 26B WEWE was recently locked up in the VULT merge contract, making the net effective supply 94B
BRO → WEWE Token Merge
Note: this is a provisional sequence and exact details may change:
- BRO liquidity will be removed
- To migrate BRO from Arbitrum (native) to Base, a snapshot of Arbitrum BRO will be taken prior to (1), and proportionate BRO will be airdropped on Base
- The WEWESwap BRO/WEWE merge contract will be deployed
- 10B WEWE will be allocated to the BRO/WEWE merge contract
- Airdropped BRO on Base will be whitelisted
- MERGE INITIATED
- BRO holders will be able to swap 1:1 proportionally as a % of the 10B WEWE
- At the end of 60 days, redemption will end forever
- All deposited BRO will be annihilated, and any unmerged WEWE from the 10B will return to treasury
- Viola — BRO holders are now magically WEWE holders
The Near Future
This merge is a huge acceleration for WEWESwap and sets us up perfectly to grab Base by the WEWE. We now have a substantial non-WEWE treasury, the perfect team in place to execute the vision, and will soon have a greatly expanded community
The next few weeks will involve the BRO/WEWE merge, the deployment of LMV1, planting WEWE shades on as many heads as possible at Token 2049, new vaults and much more TBA very soon
