Unstake and Redeem Sushi LP to Consolidate BGAN Floor Strategy

✅ Summary

This proposal authorizes the DAO to unstake and redeem all SushiSwap LP (SLP) tokens currently held in the DAO treasury. These tokens represent the DAO’s position in the BGAN/ETH liquidity pool on SushiSwap.

Upon unstaking, the DAO will receive approximately:

• 43.38 BGAN
• 5.73 ETH

At the current NFTX V2 spot price of Ξ0.1001 per BGAN, the BGAN portion is worth:

• Ξ4.34 ETH

🔹 Total combined value: → Ξ5.73 ETH (native)

• Ξ4.34 ETH (BGAN value) = Ξ10.07 ETH

These assets will be used to continue the DAO’s strategy of redeeming NFTs from NFTX vaults and reclaiming control of floor supply and pricing.

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🔓 What This Proposal Authorizes

1. ✅ Unstake all 10,954.45 Sushi LP (SLP) tokens

2. ✅ Convert LP into approximately 43.38 BGAN + 5.73 ETH

3. ✅ Use assets to:

   • Redeem additional NFTs from NFTX V2 and V3 vaults
   • Sweep, bid, or list NFTs across Blur, OpenSea, Magic Eden
   • Optionally restake liquidity only if aligned with DAO price control goals

4. ✅ Allow DAO signers to manage redemptions, listings, and fund routing as needed

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🧠 Why This Matters

The NFTX vaults allow bots and opportunists to drain NFTs below market value and reintroduce them to secondary markets, creating persistent downward pressure on BGAN prices.

Unstaking this LP and using the assets to remove more NFTs from the vaults:

• Cuts off cheap exits and arbitrage
• Rebuilds supply control under DAO direction
• Establishes stronger price floors across all platforms

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🧠 Voting Options

• ✅ For: Unstake and redeem SLP, continue NFT vault consolidation strategy
• ❌ Against: Leave LP staked and vault redemptions open

This proposal incorporates the previous proposal to redistribute liquidity which has passed and has been partially implemented. This proposal will be executed in alignment and timing with the final implementation of the previous proposal for maximum benefit.

These proposals aim to stop the continual downward pressure on bgan prices from bots and arbitrageurs and put the pricing in more direct control of the collectors.