Community Fund Rebalancing, Moderator Payment and Creation of a new Multisig

Purpose: Our Project’s Community Treasury has always strived to maintain a balance where 50% of our Treasury would be held in ETH and the remaining 50% would be held in stablecoins. This policy has been the means of protecting our Treasury against the volatile nature of cryptocurrency markets. The first purpose of this Community Proposal is to rebalance our Treasury balances as we have had to incur reasonable expenses to migrate to Polygon.The second purpose of this Proposal is to compensate our moderators for their 3 months of work. Finally, the third purpose of this Proposal is to establish new Safe Wallets with fewer, more active signers on both ETH and Polygon to receive royalties.

Community Fund [Assuming ETH prices at $1,750.00 (Given how volatile ETH has been, we will use $1,750 as we have been trading in the $1700 and $1800 region in the past month] 7.051892470069531509 ETH ~ $12,340.81 0.986184511994999995 WETH ~ $1,725.82 0.31325 Blur ETH ~ $548.18 18,896.07 BUSD ~ $18,896.07 Total ETH Value Assuming ETH prices at $1,750: $14,614.81 Total USD Value of Treasury Assuming ETH Prices at $1,750: $33,510.88

The purpose of this proposal is to meet 3 goals with our current budget.

1. Pay the moderators Masterblasters, Maiki and JR0P for their next 3 months of work at a similar rate in BUSD that was agreed upon in the budget proposal to pay them for the months of april, may and june. This will pay them through their continued work in the months of July, august, and September. This includes paying masterblasters for hosting and ipfs. That proposal can be found and referenced here https://snapshot.org/#/cat5.eth/proposal/0x875758dc76219c9a79c2ecd9d9f507d85b382033ed8e06d143329a2a84d7f833
2. After payment to the mods, rebalancing the treasury to 50% eth and 50% stables. This will include swapping WETH and Blur eth to stables.
3. Creation of 2 new multisig accounts to hold the budget and receive the royalties from all  collections. One on Polygon, one on Ethereum



A 50/50 split between ETH and USD is calculated by:  $33,510.88 divided by 2 = ~ $16,755.44 required in USD and ~ $16,755.44 required in ETH value (these numbers are approximate and will be recalculated at the time of swap due to volatile market conditions.

To achieve 50/50 equilibrium between ETH and USD, the following is proposed: Multisig sends $2,140.63 BUSD and X amount of ETH, WETH and BLUR to Cat5 on the Nyolings wallet (0x545Ff430b6EAb009f28c8035d84414c0453628fC) * Cat5 to reimburse Masterblaster 181.50 BUSD for cost reimbursement * Cat5 to pay out Moderators for 3 months of work

1. Convert 1,959.13 BUSD to ETH  
2. Cat5 sends the now balanced ETH and Stables obtained to the NEW community multisig on Ethereum.  Following these steps should rebalance our community treasury to be close to 50% in ETH and 50% in USD. Regarding Multisig signer update, these are the following steps I proposed we follow:
3. Obtain addresses from 4 or 5 trusted members.
   • NOICE: 0xddE7FE7EC48D33dA19c6E9d685914f1E8a5E25c1
   • Cat 5: 0x545Ff430b6EAb009f28c8035d84414c0453628fC (creator)
   • Masterblasters: PENDING
   • Geo: 0x83304F7b6f17735e96de59eB69e0229b06241236
   • Lin: eth:0x888874E5ab7b4F0955Fc07f3400016Ab2e948888



4. Include 5 members as signers in the Safe Global Multisig Wallet Creation [https://app.safe.global/welcome] ⅘ wallet will need to sign to initiate transaction
5. Have a small amount of ETH/MATIC sent/available in the newly created Multi-Sig Wallet to ensure any transaction fees are covered in the initial creation.
6. send a test multisig transaction
7. Cat 5 sends rebalanced treasury to new multisig



At the end, this proposal will result in happy mods, a balanced budget and having 2 Safe multisig wallets to receive royalties from our ETH and Polygon collections. The reason for having 2 separate Safes is that they can only operate on 1 specific chain. Having a smaller board of signers will allow for streamlined operations and less time spent by Noice attempting to round up signers.