SingularityDAO Governance Proposal: Launchpad Allocation

Proposal: SIP-01┃SingularityDAO Launchpad Allocation

SingularityDAO Labs proposes to decrease Round 2 (First Come, First Serve) allocation for future launchpad events. Currently, allocation is set to 10% of the total available + any tokens remaining from Round 1 (Guaranteed Allocation).

This proposal suggests that all available tokens are to be allocated to Round 1 and only the remaining tokens will be allocated to Round 2 (0% + Any remaining).

Additionally, SingularityDAO Labs proposes that while Round 1 allocations are available at Community Round TGE value, Round 2 tokens will be made available in line with Public Launchpad conditions. Should the launching project choose that Community Round and Public Launchpad Round are the same value, the SingularityDAO Launchpad will reflect this.

Finally, SingularityDAO Labs proposes that any additional revenue generated (when applicable) due to these changes will be allocated to buy back the SDAO token, which will be added to Protocol V2’s DAO Vault in the same way as performance fees for DynaSets.

Proposal Rationale

Based on community feedback following recent launches, SingularityDAO Labs has become aware that there is an overwhelming sentiment that Guaranteed Allocations should be larger. SingularityDAO Labs believes that the proposed solutions will both offer larger allocations as well as generate additional perks for DAO Participants.

Vote Details

• Proposal: SIP-01┃SingularityDAO Launchpad Allocation Proposal
• Location: Snapshot: https://snapshot.org/#/sdao.eth
• Proposal Released: 11th May 2023
• Snapshot Vote Start: 11th May 2023 15:00 UTC
• Snapshot Vote End: 18th May 2023 15:00 UTC
• Implementation: Immediate
• Eligible Tokens: ALL ERC20/BEP20 SDAO
• Proposal By: SingularityDAO Labs

Voting Options

• Accept the Launchpad Allocation Proposal
• Rework the Launchpad Allocation Proposal
• Abstain