To Create a SudoSwap Buy Pool

An opportunity for the DAO to further cement their stake in the collection is starting to present itself as people sell NFTs in search of ETH while the market is experiencing a bullish reversal. And with the current rise in popularity of SudoSwap, the DAO should be competitive in this emerging marketplace.

With SudoSwap the DAO can create a buy only pool which is funded with ETH, and has a set price. The Delta (how much the pool’s price changes per buy) will be set to 0 to keep the price flat. This pool will remain open until the oder is filled, or the DAO votes to close/change it.

The largest advantage to this strategy vs traditional sweeps is its passivity. The DAO will also not experience slippage since the price is set, but this also means the DAO will not buy if the floor price drops below our asking price, so an opportunity for arbitrage is created. And the DAO will capture fees from arbitrage volume on other marketplaces. The flat price effectively creates a moat around the floor price too; which, may save some collectors from panic selling.

Why the DAO should have a stake in the collection: https://snapshot.org/#/bgansv2.eth/proposal/0x6d24fd7aa41ae2bb265a944a3de94c6a87996829f173d89867f37b999f704799

YouTube video on SudoSwap: https://youtu.be/Hb5mRV1lkLg

This proposal is to commit 10 ETH from the Treasury to create a buy only SudoSwap pool with the set price of 0.2 ETH per BGAN Punks V2 NFT.