Proposal: Liquidity allocation for all additional DAO-managed funds
AI summary
This proposal seeks to define how the NFTX DAO will allocate 320 ETH from its treasury to provide liquidity for new NFT index funds. These funds, including Axies, Avastars, Autoglyphs, Cryptokitties, and Joyworld Joys, were part of a previous community raise. The goal is to make these NFT categories tradable on platforms like Balancer and SushiSwap, using a detailed spreadsheet to determine the ETH and corresponding NFT token allocations based on historical trading activity and current floor prices.
If passed, the DAO will allocate 320 ETH to launch new NFT index funds, making these digital assets more accessible for trading. This could benefit the NFTX ecosystem by increasing its product offerings and providing valuable user feedback, but there's a risk that the proposed liquidity split might not align with market demand for deeper liquidity in lower-cost index pools, or that fluctuating NFT floor prices could strain the treasury's ability to provide the necessary D1 fund tokens.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Authors
ChopChop
Glossary
DAO ETH DeFi NFT
Summary
This proposal is intended to move forward launching all other DAO funds, by starting with defining the liquidity allocations for all additional NFT index funds, which were part of the community raise, namely Axies, Avastars, Autoglyphs, Cryptokitties, and Joyworld Joys.
Finding DAO consensus on the allocation of liquidity (in ETH) per category is the first step required to launch the additional index funds on Balancer & SushiSwap.
The liquidity spreadsheet listed under Specifications is final.
Effect
Opportunity
- By comin…