BIP#67 Management of Treasury-Owned Azuki NFTs

Summary

This proposal seeks community support for the BendDAO team to manage the sale of Azuki NFTs currently held in the treasury. The team will evaluate market conditions and determine the optimal timing for sale to achieve a break-even point.

Background

The BendDAO treasury acquired Azuki NFTs through auctions. Details can be found through the BIP.

Auction on-chain record: https://etherscan.io/tx/0xaa6a296963a7c6b6719f332a20fa231d3c1719df5e02a64bbb256b8398620ffd https://etherscan.io/tx/0xd2e74ddeb21dda174fbbda87147daa8b5909b001e9eaa327f20b450f65709e01

Cost: 72.5081 ETH Azukis: 8 Cost of per Azuki: 9.0635125 ETH

Strategically selling Azuki NFTs can strengthen the treasury's position and provide additional funds for protocol development and liquidity incentives.

Transparency

The team will provide regular updates to the community on the status of the treasury-held Azuki NFTs. A summary of the sales, including the rationale behind the timing, will be shared post-transaction.

Flexibility

The team will retain the ability to hold the Azuki NFTs if market conditions are deemed unfavorable, ensuring assets are not sold at a loss.

Voting

Voting Quorum: Approximately 31.7M veBEND (10% of the total supply). Pass Rate: Over 70% approval. The voting will last for 3 days.