RFC #9: Non-Dilutive Merger of WAGMI DAO into Hey Anon
One merger, one token to rule them all: WAGMI becomes one with ANON, a non-dillutive merger
Section 1: Summary / Scope
a. Aim: Merge WAGMI DAO into Hey Anon DAO, converting WAGMI into ANON and unifying both communities under a single token.
b. Action: WAGMI holders swap their WAGMI for ANON at a fixed rate, during a one-week swap window, via a swap contract on Solana / Robinhood Chain. GMI participants first exit GMI under a shortened vesting period, then swap.
c. Main objectives:
· Convert WAGMI into ANON with zero dilution - no new ANON is minted; the swap is funded entirely from ANON in the Hey Anon DAO treasury.
· Set the exchange rate at the 10-day moving-average price (e.g., ~ 800 WAGMI per ANON) to prevent front-running and manipulation.
· Bring the WAGMI technology and roadmap - WAGMI v2 AMM, Boost, RWA lending, and tokenized funds - into the Hey Anon ecosystem on Robinhood Chain (not limited to it exclusively).
· Proceed only if both the WAGMI and ANON governance proposals pass (double governance vote).
Section 2: Main Objective of the Proposal
Motivation for Proposal
This is a non-dilutive merger. WAGMI holders move into a token with active development and a broad live AI focused product ecosystem, while the WAGMI technology gains the resources of the combined DAO. The swap uses only treasury ANON meaning no new supply is created.
Expected benefits for WAGMI DAO and holders:
· Convert WAGMI into ANON, a continuously developed token backed by a live ecosystem (Hey Anon wallet, AI agent, terminal, launchpad).
· Fixed, pre-announced swap rate based on the 10-day moving average - fair and resistant to front-running/manipulation.
· Reduced GMI vesting — from the standard 29.5 days down to 12 hours — so GMI participants can exit into WAGMI quickly and join the swap.
· A one-week swap window with a simple, manual swap on Solana or Robinhood Chain (Ethereum-style addresses retained on Robinhood Chain).
· Continued life for the WAGMI tech within a larger, better-resourced ecosystem.
Expected benefits for Hey Anon (ANON) DAO:
· Gains a complete RWA DeFi stack with no dilution:
· WAGMI v2 AMM - Curve-style liquidity + anchor-price routing (Uni v3-like); ~30% better LP efficiency vs. Uni v3 and ~12–15% vs. Curve in four-year backtests.
· Boost - single-sided deposits with flash-borrowed stables forming a 2x LP at ~50% LTV, auto-rebalanced to stay impermanent-loss neutral, adding real yield to low/no-dividend tokenized stocks.
· RWA lending market - one USDC pool, uniform LTV, borrow against a basket of official tokenized stocks.
· Tokenized funds / DeFi ETFs - anyone can run a micro fund of crypto + stocks and earn a management fee; fund shares are tradable and Boost-eligible.
· Expansion onto Robinhood Chain, new users, and a unified community/treasury behind a single asset.
Section 3: Contracts / Technical Requirements
· WAGMI token: Token contracts | Wagmi
· ANON token: Contracts | HeyAnon.ai
· Swap contract(s): on Solana / Robinhood Chain, funded from the ANON treasury; fixed-rate WAGMI → ANON.
· GMI vesting contract: vesting parameter update from 29.5 days → 12 hours.
· Snapshot: WAGMI balances snapshot taken before proposal posting; block/timestamp [to be recorded].
· Treasury execution: ANON transferred to the swap contract upon passage of both proposals.
Section 4: Timeline
· T-0 (pre-proposal): WAGMI holder snapshot; finalize 10-day moving-average fixed rate.
· Week 1 — Governance: Post on both WAGMI and ANON forums; run the double governance vote. Proceeds only if both pass.
· Upon passage:
· Reduce GMI vesting from 29.5 days to 12 hours; GMI participants exit into WAGMI.
· Deploy and fund swap contracts on Solana and or Robinhood Chain from the treasury.
· Swap window - 1 week: Holders manually swap WAGMI → ANON at the fixed rate.
· Post-swap / rollout: Deploy WAGMI v2 AMM, Boost, RWA lending, and tokenized funds on Robinhood Chain (TBD - 1% one-month supply-side incentive).