[LDP-02] LifeDAO Treasury Allocation

Summary

Proposed deployment of available treasury resources in a manner that provides attractive, risk-adjusted yield to the DAO.

Rationale

Deployment of funds with the intent of growing the gross $magic value of the treasury is in the best interest of the DAO's members. It gives the DAO flexibility to take the time necessary to strategically plan next steps while increasing the $magic available to identify and pursue potential business ventures and partnerships seeking to incorporate Life NFTs into other games across the Treasure ecosystem.

Proposal

The LifeDAO Council proposes allocating available treasury resources using the following guidelines. In addition to the initial allocation, the Council will also allocate received $magic emissions and marketplace royalties in accordance with the below guidelines on a periodic basis, and, at their discretion, rebalance the allocation of the treasury as necessary in the event material imbalances emerge.

The LifeDAO treasury will be deployed in accordance with the following guidelines:

• Up to 80% of the Treasury will be allocated to direct ecosystem investments subject to the following limitations

  • Up to 60% of the treasury staked into Bridgeworld via mining service provider(s) (generally on a two week lockup) or in an internal mining apparatus.
  • Up to 50% of the treasury allocated to providing liquidity to $magic-denominated liquidity pools and lending protocols.

• Up to 25% of the treasury allocated to purchasing NFTs to support the Treasure ecosystem, including, for the avoidance of doubt, purchasing Seeds of Life and Imbued Souls in the open market.

• Up to 25% of the treasury allocated to lending, staking, or providing liquidity non-Magic denominated instruments.

• 10% of LifeDAO's incremental weekly inflow will be allocated to the Life team to support core operations, headcount requirements, near term development work, and to create a viable path to deliver on future roadmap plans*. Examples that are in scope for LifeDAO's weekly inflows include Bridgeworld emissions, Marketplace fees, LP/staking/defi yields, and future expected projects). *Future roadmap plans are up next in our priority of deliverables to the community, and the team remains committed to adjusting the funding we believe is needed higher or lower to optimize utility for the DAO.

Polling Period

The comment period begins now and will end at 23:59 UTC on July 1, 2022. Following the comment period, the proposal will move to a snapshot vote in accordance with the DAO's governance framework.