Summary

This proposal initiates a strategic partnership between Wirex Pay DAO and the Wirex App to unlock full interoperability with the Wirex Pay Chain. The initiative will enable in-app WPAY deposits, withdrawals, OTC exchange, and staking functionalities—providing a Web2 interface to our non-custodial infrastructure. To support this integration, we propose an allocation of 2.6 billion WPAY tokens from the DAO Treasury to the Wirex App as liquidity for exchanges, staking, and incentivized user engagement.

Abstract

To drive adoption, utility, and ecosystem synergy, this proposal establishes a direct integration between the Wirex Pay Chain and the Wirex App. As part of the strategic rollout:

• WPAY will be natively supported in the Wirex App, including deposits, withdrawals, and OTC exchange.
• Staking will be enabled via a user-friendly Web2 interface within the app.
• The DAO will transfer a predefined amount of 2.6 billion WPAY from the Treasury Fund to the Wirex App for use as liquidity, staking support, and user incentives, with safeguards to ensure token stability and DAO alignment.
• Allocated funds will not be sold to the extent possible, with only a maximum of **10% reserved for marketing, airdrops, and user incentivization.

Proposal Track

Standard Track:

• Preparation Period: 2 days
• Voting Period: 3 days
• Snapshot Voting: Enabled

Justification: Due to the strategic nature and treasury impact of this integration, a full discussion and voting cycle is required to ensure transparency, alignment, and accountability.

Motivation

Current Situation

• Wirex Pay Chain exists as a standalone ecosystem without a direct bridge to the Wirex App’s global user base.
• There is no accessible Web2 interface for non-technical users to engage with WPAY.
• Lack of staking or OTC mechanisms through a regulated, intuitive platform limits WPAY utility.

Proposed Solution

• Implement native WPAY support in the Wirex App (deposits, withdrawals, swaps).
• Launch staking and liquidity support through a simplified app interface.
• Allocate 2.6 billion WPAY from the DAO Treasury to seed and implement these integrations and bootstrap user engagement.

Details

Key Deliverables

Token Lock and Usage Safeguards

• Tokens used for staking and liquidity.
• No more than 50% of allocated WPAY can be sold within 3 years.
• Tokens cannot be used for staking rewards or DAO voting by Wirex App.

Implementation Timeline

Benefits for Wirex Pay DAO

• Mass adoption: Expands WPAY accessibility to Wirex App’s global user base.
• Utility growth: Boosts staking participation and OTC usage within the Wirex ecosystem.
• DAO-aligned commitment: Locked allocation safeguards WPAY price integrity and reserves value.
• Increased treasury influence: WPAY becomes central to a broader fintech product offering.

On-chain Voting Structure

• Duration: 72 hours
• Quorum Required: >4% of total veWPAY supply
• Approval Threshold: 50% of participating tokens

Voting Options

• For: Approve the strategic partnership and liquidity allocation.
• Against: Reject the proposal.
• Abstain: No opinion.