[AIP-98] Multi-Tenant veDAO Launchpad

IMPORTANT

Read this snapshot for the final version of the proposal. The forum and the PRE-AIP describe a previous state of the project.

PRE-AIP

ALCHEMIX FORUM ORIGINAL SNAPSHOT SIGNAL PRE-AIP

GRANT REQUEST: 15 ETH

1. 5 ETH to SHIZZY to create a 420 NFT Collection on Mainnet.

• +2.5% Commission of Mainnet Collection to Shizzy.

2. Alchemix Treasury contributes 10 ETH to Silo Treasury.

• Alchemix Treasury receives 10,000 SILO Tokens at Fair Launch Price.
• 0% Fees to Silo | DAOhaus.

3. Both Payments are made in Milestones:

• Half up front
• Half on delivery of Mainnet Collection.

Context

Alchemistrisses is a NFT Collection, which is also a veALCX club.

A NFT Community-Owned | Moloch Treasury for veALCX.

After the raise, funds will be used as follows:

1. Deposit Collateral into Alchemix and borrow alUSD.
2. Buy 80ALCX-20wETH LP to deposit into Balancer.
3. Buy and Lock AURA to vote for emissions to be directed to 80ALCX-20wETH LP.
4. Perma-Lock veALCX

Silo developers use transaction builder to create this as a multi-call, in order to streamline DAO setup.

DAO benefits:

• Raise ALCX and ETH to deposit into Balancer 80/20 LP.
• Acquire Bribes | Yield from veALCX while underlying loan is repaid.
• Maximize Yield by permalocking.
• Accumulate ALCX | FLUX.
• Individual Members can exit positions by selling NFT on Secondary.
• Involve the NFT Community in veALCX | Get some cool artwork for Memes.

This project is a novel experiment, and a synergy between:

• Gnosis Safe
• Moloch v3
• ERC 6651
• Aura | Balancer
• Alchemix
• Chainlink VRF
• Shizzy

CIRCUMVENTING FLUX:

“Circumventing FLUX with this one weird trick!”

The Moloch DAO will be able to exit from their veALCX exposure by selling their NFT on secondary markets.

This also means that the veALCX inside of the DAO treasury can be perpetually locked, and the FLUX can be burned, and used for boosted Yield.

This means that the members of the DAO will earn the highest boosted yields, while still being able to exit from their exposure via secondary market NFT Sales.

The DAO could also horde FLUX, and use it to exit as a group during the next bull market.

SELF-REPAYING LP DIRECTING ASSETS:

Locked veTokens carry a time-risk; Alchemix loans offer strategies, which help mitigate that risk.

By initially depositing raised funds into Alchemix and taking out a loan, the DAO gives themselves a chance to recoup liquidity spent on veTokens.

Silo will create multi-call transaction patterns to streamline these strategies, and offer them to other communities.

Silo can also deploy to OP | ARB | BASE | MAINNET.

Each chain has clusters of projects would benefit coordinating around their Liquidity Needs, and Alchemix Vaults can help them meet their objectives.

Once the veALCX Moloch DAO is shipped – we can evaluate launching a collection to support alETH -ETH LP on Velodrome.

TREASURY MANAGEMENT:

NFTs from each collection own Economic and Governance Rights to the treasury.

• The Mainnet DAO could manage yield, or actively manage Alchemix LP.
• A future OP DAO could hedge alETH-ETH LP on Kwenta | Lyra.
• Set it and Forget It, is also possible, where the veALCX rewards accumulate until ALCX Moons and it’s time to exit.

Silo is basically a Moloch DAO built on top of a Gnosis Safe – so, any transaction that you could do using Gnosis Safe, would be possible.

RAGEQUIT:

The Moloch DAO structure makes this a veALCX Multi-Player Investment Game.

The DAO will decide how to manage their FLUX, as well as when to sell their veALCX.

When the DAO passes a proposal to dissolve the treasury, each NFT can be burned to claim their share.

ROYALTIES TO DAO TREASURY:

Secondary Sales allow royalties to be absorbed by the DAO.

Economic and Governance rights are transferred to the new holder, since these rights belong to the Token Bound Account of that NFT. – This is the Function provided by ERC 6651.

Secondary Sales volume ought to be driven by the veALCX permalock, and boosted yield FLUX position of the DAO.

Sudoswap LP Integration is also a great option here.

Silo UPDATES:

Since pitching to Alchemix, we have structured our own Moloch DAO, and funded development.

We offer two products:

1. Silo: Core is the Launchpad which will release the Alchemistresses

• Silo: Core will include Chainlink VRF for the Mainnet Collection.

2. Moloch RDF is a public good outreach tool, which airdrops Moloch DAO Shares to the Token Bound Accounts, of currently existing NFT Communities.

• Built in Partnership with Tokenbound.

Moloch RDF will be ready in a month, and we are doing outreach to partners currently, as well as working with Tokenbound.

Silo: Core will be ready by end of October, along with Chainlink VRF integration for Mainnet.

If veALCX ships after Halloween, and the artwork is ready, Alchemistresses can ship on Mainnet as a part of veALCX launch.

SILO Fair Launch | Yeeter Period:

Since the PRE-AIP Signal Vote, we have raised enough ETH to fund development.

• 12.5 ETH from Founders
• 12 ETH from DAOhaus Treasury | PublicHAUS

We are currently in Fair Launch, selling SILO to partner treasuries to extend our runway, and build some case studies.

Yeet funds pay for:

• Development
• Sales
• DAO owned LP
• veVELO

The Fair Launch period is a way for us to grassroots fundraise the project while offering SILO ownership to partners.

We ask that the Alchemix Treasury act as both a Case Study, and a Seed Round Contributor.

SILO Distribution:

SILO has a fixed Max Supply of 1,000,000, and is on Optimism. https://optimistic.etherscan.io/token/0x36138bb223ffe0c69d99b5affc07800aa3f9e346#balances

Currently, the only way to get SILO is to contribute ETH to the Yeeter: Info: https://silo.haus/ Yeeter: https://join.silohaus.eth.limo/

Details and proposals are available using Moloch v3 Frontend: DAO Hub: https://admin.daohaus.fun/#/molochv3/0xa/0x7551eeb016d0c1c8315611053d30bd90d1a4b09b There is no initial Team Distribution, founders all bought SILO via the Yeeter.

SILO supply has also been earmarked for LP and Bribes on Velodrome.

Silo aims to launch a network of DAO Treasuries, each with their own purpose, and community. Silo could be distributed to these treasuries as well, in the form of treasury swaps.

Treasury Swaps would create a “LOOT Index” within Silo’s treasury, creating Ragequitable Floor Volatility.

SILO RFV:

Silo Currently has two Treasuries:

• The Main Treasury is Rage Quitable.
• The Arsenal is our Operations Budget.
• https://admin.daohaus.fun/#/molochv3/0xa/0x7551eeb016d0c1c8315611053d30bd90d1a4b09b/safes LOOT Tokens are an under-explored and novel use case of Moloch v3.

SILO tokens are LOOT tokens, meaning SILO can be burned for a pro-rata share of the main Treasury.

Here are some sources for Potential Treasury Growth:

• 2.5% of Gross Funds raised for Clients | Partners
• Yield bearing Assets | Staked DAO owned LP
• Treasury Swaps to create “LOOT Index” These tokens are proportionally claimable by burning SILO, creating a RFV.

The Fee Switch:

At some point, we will turn off the Fair Launch, turn on 10% Fees for each launch, and list SILO on Velodrome with DAO owned Liquidity.

2.5% of each Launch will be directed into a treasury owned by SILO holders, and tokens can be burned for their proportional share of this ETH.

Remaining 7.5% per raise will go toward:

• 2.5% to SILO / wETH LP
• 2.5% to DAOhaus Treasury
• 2.5% to Founders

Artist Commission % will be added on a per campaign basis, but will likely be an additional 2.5%.

CALL TO ACTION

• Alchemix Pilots Silo: Core on Mainnet.
• SHIZZY gets started on the 420 piece Collection, while Silo Developers prepare for Launch.

Vote APPROVE:

• Alchemix Treasury issues out 2.5 ETH to Shizzy Now.
• Alchemix Treasury issues out 2.5 ETH to Shizzy on Completion.
• Alchemix Treasury contributes 5 ETH to Silo Treasury Now, and receives 5,000 SILO tokens.
• Alchemix Treasury contributes 5 ETH to Silo Treasury on Completion, and receives 5,000 SILO tokens.

Project moves forward, and we aim for a VRF enabled Mainnet Collection by veALCX Launch – Artwork done by Shizzy.

Vote REJECT:

Do not fund project.

Vote ABSTAIN