Swing Protocol

Swing 🗳️ is developing fluid on-chain voting markets 🛒 where users can buy and sell governance votes that matter. Join our Discord:

[Swing Protocol @SwingDAO]

1/ We are announcing Swing, a protocol that lets you buy and sell governance votes. 🧵

[Swing Protocol @SwingDAO]

@hasufl is finally getting to VEV/GEV. It's great to see some of the greatest minds in crypto go in a similar direction we're headed.

https://t.co/cJ8vh9KFcB

[Hasu⚡️🤖 @hasufl]

GEV is the MEV of governance

[Swing Protocol @SwingDAO]

@hasufl We call this VEV. https://t.co/cJ8vh9KFcB

[Swing Protocol @SwingDAO]

1/ Introducing Vote Extractable Value (VEV) and its use in protocol mergers and acquisitions in crypto. A quick thread 🧵👇

[Swing Protocol @SwingDAO]

@hasufl Governance tokens are subject to vote manipulation through off-chain bribes - lack of transparency is a great issue. We are building an on-chain platform to address this.

[Michael @Michael__KV]

The Vote Extractable Value (VEV) can be game changing for token to token M&A:

- DAO token holders can extract even more value from ownership
- Activist investors can reduce the total capital spent on M&A

Same methodologies as TradFi, but transparent and on-chain.

[Swing Protocol @SwingDAO]

@AndreCronjeTech We are building a somewhat similar product based on a similar concept but plan to integrate with all DeFi protocols.

[Swing Protocol @SwingDAO]

It took hundreds of years to evolve our current systems of corporate governance-- it required a careful consideration of who has power and accountability, and who makes decisions, through trial and error.

It will take more than two years to get blockchain governance right.

[Swing Protocol @SwingDAO]

@scott_lew_is This doesn't make much sense but creating a market for voter incentives on the protocol level makes a lot of sense which is what we're building

[Swing Protocol @SwingDAO]

@m4ri0ml @thegostep Thanks for the shoutout!

[Swing Protocol @SwingDAO]

@thegostep You won't see any obvious examples because it happens off-chain. We are building markets to illuminate this practice this on-chain however.

[Swing Protocol @SwingDAO]

@hasufl @0x9116 @thegostep @0x_b1 We're actually building a product mostly for this purpose.

[Swing Protocol @SwingDAO]

8/ This is a very simple example of positive VEV. If the incentive payment is higher than the token's price, and the token's price goes to 0 as a result of the vote, tokenholders will choose to vote in favour of that decision.

[Swing Protocol @SwingDAO]

1/ Introducing Vote Extractable Value (VEV) and its use in protocol mergers and acquisitions in crypto. A quick thread 🧵👇

[Swing Protocol @SwingDAO]

7/ Protocol B's tokenholders see the offer, and some vote in favour of the decision (Yay Vote Sellers). The decision passes and the Yay Pot ($10 million in DAI) is divided among the Yay Vote Sellers.

[Swing Protocol @SwingDAO]

@ChrisBlec We agree. Token governance needs to change which is why we are building markets to buy and sell governance votes!

[Swing Protocol @SwingDAO]

8/ Join us on this journey - Join our Discord community! https://t.co/19B9kExXmV

[Swing Protocol @SwingDAO]

1/ We are announcing Swing, a protocol that lets you buy and sell governance votes. 🧵

[Swing Protocol @SwingDAO]

8/ Swing is launching as a DAO - a fully decentralised community of Swing 🗳️ users known as Swingers.