Lobster Moloch | Sudo Pool on Optimism.

Overview:

Silo would like to help LobsterDAO build Sudoswap LP in a Moloch Treasury on Optimism, and create an incentive program for a Research Publishing Cooperative, governed by LobsterDAO.

• Sudoswap deploys to Optimism.
• Crustaceans bridge to OP, and claim shares to a Moloch Treasury.
• LobsterDAO Members Contribute ETH and NFTs into the DAO.
• LobsterDAO Members Recieve $CRABS
  • A Deflationary, Rage-Quit enabled token, which can be earned by members who publish quailty research, on behalf of LobsterDAO.
  • DAO owned CRABS LP is listed on Velodrome, and earns VELO emissions.
  • DAO owned SUDO LP is managed on Sudoswap on Optimism.

We are using Moloch v3, and ERC 6551.

• https://moloch.daohaus.fun/
• https://tokenbound.org/

Funding Request:

This proposal requires custom development, and devs from DAOhaus and Raid Guild are requesting 10 ETH. Paid half up front, and half on delivery.

In return, we can offer:

• 10,000 SILO
  • Seed Round, Loot Shares for https://silo.gg/
  • DAO | Etherscan
• 0% Fees, and we use LobsterDAO as a Case Study.

Following this trial, we can partner with Sudoswap to use these tools to serve other NFT Communities, and fair launch pools for newly minted projects on ARB | OP | BASE | MAINNET.

Development has been grassroots funded by the team, some frens, DAOhaus and Alchemix.

Sudoswap | LobsterDAO would be our next major partners, and we would be open to a funding split between Sudo and LobsterDAO.

Mainnet <> OP Bridge Integration

There are a couple of different options for Mainnet <> OP Bridging, but they would need some custom work.

• The Celer Bridge currently doesn't go to Optimism.
• The LayerZero Bridges seem L2 <> L2.
• The Qx Project is depreciated, and the bridge doesn't function.
• Tokenbound is working on a gasless cross-chain experience for mainnet <> OP, but it is not complete yet.

Dekan, from DAOhaus has expressed that he believes the Celer bridge would be a good choice.

Moloch Treasury Claim & Airdrop

After Bridging, Crustaceans will claim their Tokenbound Account, and a Baal Shaman will mint soulbound SHARES into that account.

Your Crustacean now has Voting and Rage Quit rights over a Moloch Treasury on Optimism.

Each LobsterDAO member who bridges and claims will recieve 100 CRABS as a reward.

Governance Power can be Delegated, and must be re-delegated after sale.

SHARES: Vote Weight by Species:

SHARES primarily represent Governance power, and are soulbound to your Crustacean's TBA.

• Shrimp: 10
• Mudcrab: 15
• Langoustine: 20
• Lobster: 25

These weights offer slight voting power advantages to more rare species.

Custom development is needed to have the Baal Shaman check the Species Traits and distribute weighted SHARES.

$CRABS as Economic Rights

CRABS is a LOOT Token, which represents a pro-rata claim on the Main Treasury.

CRABS will have a 1,000,000 Max Supply.

50% of Supply can be claimed by Crustaceans who take the following actions:

• All Crustaceans who Bridge to OP, and Claim their SHARES recieve 100 CRABS.
• Contribute a Minimum of .4 ETH and you get 400 CRABS.
  • You can contribute more ETH, for the same ratio.
• Contribute 1 Lobster NFT of any type, and you get 500 CRABS.

Custom work will needed to accept NFTs in exchange for LOOT, but this would be useful for DAO owned Sudo LP, and would likely create a Shrimp Supply Sink whose floor price is managed by the DAO.

Any remainder of this 50% supply will be distributed amongst participants:

• 1x for Migration
• 2x for ETH Contribution
• 3x for ETH and Lobster Contribution

To maximize your CRABS, Crustaceans can take all three actions before the DAO closes the onboarding period.

Contributed funds are placed in the Non-RQ Treasury

• 45% of ETH Raised purchases and max locks veVELO.
• 45% of ETH Raised and all Lobster NFTs go to Sudoswap LP.
• 10% of ETH Raised goes to DAO owned CRABS/wETH LP on Velodrome.

10% of Supply is reserved in a Non-RQ Vault to be used as DAO Owned LP.

10% of Supply is reserved in a Non-RQ Vault to be used as Velodrome Bribes.

30% of Supply is reserved in a Non-RQ Vault to be earned by Research Contributors.

• CRABS are awarded to Researcher Contributors retroactively when they publish worthy Articles | Videos | Threads.
• LobsterDAO evaluates the quality of these submissions as a group:
  • Was the research was data driven?
  • Did the publishing reach an audience?
  • Did the publishing adequately represent LobsterDAO?

The Tokenomics above are designed to meet Velodrome's listing criteria for Emissions Gauges, while raising funds for DAO owned Sudoswap and CRABS LP.

The Allocations of Raised ETH are designed to help the treasury qualify for OP Incentives from Velodrome, and empower the DAO to market make on Sudo.

Velodrome Gauge Qualification & Incentives

veVELO held by the DAO is used to direct VELO emissions to CRABS LP.

Velodrome Relay, will be released soon, which will provide automated vote and compound strategies, simplifying maintenance.

Rewards for purchasing veVELO, and providing bribes for CRABS LP can include:

• a 20k OP GovNFT
• Rebates on Locked veVELO
• Bribe Matching.

More about their incentive programs on this Dune Dashboard.

In general, the DAO ought to aim for 1M veVELO, and claim the 1 Year Vested 20k OP GovNFT.

Sudoswap Deploy to OP

Sudoswap has been working toward fulfilling their roadmap, and deploying on an L2.

Owen offered to trial Moloch, on an L2.

This proposal was designed in response, so LobsterDAO could put it to a vote.

The Problem:

Most NFT value is on Mainnet, but in order to try out more complex governance strategies, you need affordable L2 gas costs.

The Solution:

Crustaceans who Bridge to OP, and fund this Moloch DAO are creating a new type of governance experiment on Optimism.

If Crustaceans find an OP Research Cooperative and LP DAO to be useful and fun, then more groups might migrate.

New OP native NFT Communities could be minted.

Those NFT Membership groups would use Sudoswap and Velodrome.

If these experiments work out, we could also launch Mainnet collections who raise DAO owned Sudo LP directly from Mint.

The Alternative:

You could take that 10 ETH, and deposit it into Sudo on Mainnet, and deploy a Gnosis Safe multi-sig to manage the LP.

Conclusion:

Vote YES:

Execute plan as described.

• 5 ETH to Silo and recieve 5000 SILO now.
• 5 ETH to Silo and recieve 5000 SILO on completion.

Vote NO:

LobsterDAO will pursue Mainnet Sudoswap LP, with a multi-sig.