DIP0015-721DAO-NFT-TOKEN-BURN

Voting ended almost 4 years agoSucceeded

721DAO proposes that anyone who holds a 721DAO NFT will be able to burn the NFT in order to get X/9360 (where X= amount of NFT they want to burn), given the increased liquidity in the vault (ETH/USDT).

For instance: If the liquid cash in the vault is $10m, you can burn 10 NFTs to get 10/9360 x 10m USD.

However, you will be missing out on those projects in which the DAO has invested and which have a vesting period of 1-2 years, -some are even as long as 5 years vesting after a token generation event.

Off-Chain Vote

Yes to 721DAO NFT burn

1.05K 721DAO96.3%

No to 721DAO NFT burn

40 721DAO3.7%

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Timeline

Apr 18, 2022Proposal created

Apr 18, 2022Proposal vote started

Apr 23, 2022Proposal vote ended

Oct 26, 2023Proposal updated