BIP-06: Treasury Diversification and BB&B Upgrade

Summary

This is a proposal to upgrade Botto's tokenomics and to grow and diversify Botto's treasury. In the proposed setup, ETH proceeds from auctions are sent to Botto's treasury, and an equivalent amount of $BOTTO is burned from the treasury.

Specifications

1. Each week, all ETH auction proceeds go to Botto's treasury.

2. An equivalent amount of $BOTTO is burned from the treasury. This can be calculated by taking the Uniswap price of $BOTTO at the time of the sale (auction end) and subtracting any price impact (slippage) and swap fees.

3. ETH accrued to the treasury is spent according to the will of BottoDAO. Possibilities include protocol-owned liquidity, marketing, and distribution to voters.

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