# VDP-56 Use of airdropped ETH POW + $SAFE **URL:** \ **Category:** Passed Proposals\ **Created:** [August 22, 2022, 9:30am UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823 "2022-08-22T09:30:41Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![vincent](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/vincent/32/93_2.png) [@vincent](https://gov.vitadao.com/u/vincent)\ **Post date:** [August 22, 2022, 9:30am UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/1 "2022-08-22T09:30:41Z")
# Summary Ethereum will have the upcoming merge and move to proof of stake, it’s anticipated that there will be a proof of work fork similarly to Ethereum classic in the past that everyone with $ETH (POW) will get airdropped, including VitaDAO. VitaDAO also received an approximate 20k $SAFE airdrop, which isn’t live yet, but given VitaDAO would benefit from liquidity to fund upcoming research proposals I’d propose that we sell up to half of the airdrop based on market cap and conditions for DAI stable coins if that is necessary for funding upcoming research funding proposals, and re-consider what we do with the other half a few months later. Given VitaDAO’s interest in SafeDAO as a user of Safe, we will strongly consider whether this sell is necessary to generate liquidity for funding longevity research. # Proposal I propose we wait until after the merge and observe how other DAOs handle the execution of a sell, especially players such as Nexus Mutual or Gnosis with large Ether holdings and sophisticated treasury teams. If the possibility and liquidity exist we should explore selling the $ETH (POW) through our operations multisig. And if it won’t trade on decentralized exchanges with sufficient liquidity we should explore to grant a 3rd party (most likely someone from the multisig) the ability to send the forked $ETH (POW) funds to a centralized exchange for execution of a sell and sending back the proof of stake ether. We will remain extra diligent because there is a high amount of phishing and fake ETH POW getting airdropped, so we’ll rather wait and observe until we have clarity on the best steps to benefit the DAO from this fork. The proof of stake ether generated in this sell would be used for our mission and purpose of funding longevity research. > **[\[RFC\]: Getting ready for an upcoming Ethereum PoW fork](https://forum.nexusmutual.io/t/rfc-getting-ready-for-an-upcoming-ethereum-pow-fork/893)** > > Hi all, As many of you know we are heading rapidly towards The Merge and PoS shift. A PoW fork is almost guaranteed at this point, which means Nexus’ funds will be duplicated on another chain (unclear if it will be worth significant value). The... > **[Proposal: SAFE distribution for users](https://forum.safe.global/t/proposal-safe-distribution-for-users/369)** > > The Safe (Formerly Gnosis Safe) has spun out of Gnosis. The process was started with GIP-29 of GnosisDAO and recently a strategic raise of funds was announced. GIP-29 presented plans of launching a SAFE token. 5% of the total supply is allocated... [https://twitter.com/OlimpioCrypto/status/1557751721463521282](https://twitter.com/OlimpioCrypto/status/1557751721463521282) _Poll ([view on site](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/1))_ ---
**Author:** ![bowtiedshrike](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/bowtiedshrike/32/227_2.png) [@bowtiedshrike](https://gov.vitadao.com/u/bowtiedshrike)\ **Post date:** [August 23, 2022, 12:05am UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/2 "2022-08-23T00:05:59Z")
I like the idea of dumping $SAFE, especially if an airdrop. Would prefer to give the team the flexibility to dump based on market conditions instead of ‘must be 2 steps’ or waiting 2 weeks-- that might be too long. For PoW, would like to see precautions from [replay attacks](https://bowtiedpickle.substack.com/p/replay-attacks-and-you) taken if PoW will be looted. Would need to use a secondary wallet. ---
**Author:** ![vincent](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/vincent/32/93_2.png) [@vincent](https://gov.vitadao.com/u/vincent)\ **Post date:** [August 23, 2022, 6:41am UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/3 "2022-08-23T06:41:41Z")
1. Agree! I’ll rephrase to say we’ll sell based on the mcap and market conditions, given the valuation was 1.2bn recently, I think selling at 2-3bn+ mcap would be great. 2. Yes exactly, thats why i’d caution us to wait and to see risks evolve, as VitaDAO won’t have too many ETH Pow to deal with anyway, and depending on their market value might only be worth engaging with if worth more than say $2-3k, and definitely with extra caution from a separate wallet etc. ---
**Author:** ![RUM](https://avatars.discourse-cdn.com/v4/letter/r/aca169/32.png) [@RUM](https://gov.vitadao.com/u/RUM)\ **Post date:** [August 28, 2022, 8:47am UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/4 "2022-08-28T08:47:33Z")
Usually, the price of airdrop tokens is highest in the first 2 or 3 days. And it could be interesting to sell it against ETH since we are still in the bear market. So maybe we can sell 50% on the first days of release against ETH. ---
**Author:** ![VitaDAO](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/vitadao/32/9_2.png) [@VitaDAO](https://gov.vitadao.com/u/VitaDAO)\ **Post date:** [September 5, 2022, 6:56pm UTC](https://gov.vitadao.com/t/vdp-56-use-of-airdropped-eth-pow-safe/823/5 "2022-09-05T18:56:59Z")