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Alchemy DAO SnapshotAlchemy DAO Snapshotby0x9D31e30003f253563Ff108BC60B16Fdf2c93abb5pay.eth

Approve Proposal 1 - The Bootstrappening?

Voting ended over 4 years agoSucceeded

So Alchemy has been around for a while now and we have yet to see a proper use for the infrastructure it was made for, so we are proposing to change this and make ALCH stakers who really are willing to commit to the protocol able to be rewarded with a stake in a DAO which actually has some worthwhile NFTs. So here's the proposal on how we plan to use ALCH in the treasury to fund a large bootstrap pool, how we plan to allow people to lock ALCH to gain a stake and make a DAO which showcases Alchemy

NFTs Swap for ALCH Application NFT owners will be able to apply to the DAO to trade their NFT for ALCH, which will then be locked into an Alchemy DAO, users will be able to keep a small amount from the NFT DAO tokens as a bonus for providing high quality NFTs for sale to the DAO

DAO Allocation to Bootstrappening Commit 1,500,000 ALCH to a smart contract controlled by ALCH which allows for people to place an NFT into the contract with a proposal price to allow for trading. If the ALCH DAO vote to purchase the NFT for the listed price, the token will be swapped for ALCH from the DAO.

ALCH holders will then be able to lock ALCH to earn the new NFT token. There will also be a .2x allocation which will be sent to the ALCH DAO for future value appreciation and use

This proposal will allow Alchemy to finally have a high value NFT DAO and showcase the infrastructure attracting more users and hopefully bootstrapping the systems actual use

Off-Chain Vote

Approve 1.5m ALCH
33.65K 100%
Lower Allocation but Approve
0 0%
Do not Approve
0 0%
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Timeline

Jul 16, 2021Proposal created
Jul 16, 2021Proposal vote started
Jul 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated