The information provided here is a proposal via the Core Team for a potential fundraising path. It is the belief of the Core Team that the options below provide the best path forward for fundraising and keeping to the ethos of what Bibliotheca DAO stands for.

The DAO has best-in-class StarkNet / Cairo developers in the core team. There are more talented Cairo devs we have attracted to the community that we would like to bring on board with full-time game development roles. This would allow us to ship our roadmap faster and allow additional products to be added to the pipeline.

Currently, the DAO treasury contains approximately 250k worth of USDC and ETH and 100m $LORDS providing a clear runway for at least the next 6 months at the current burn. This runway could be extended in the event of no fundraising by providing vesting $LORDS allocations to team members who wish to be paid in tokens instead of USDC. Full tokenomics of $LORDS can be found here.

As a DAO, funding decisions are voted on via the community and not the Core Team. The Core Team is building the core infrastructure however it is just one part of the Bibliotheca DAO machine. Please read the Constitution to have a clear context about the DAO and its responsibilities.

With the raise, the team will use the funds to make the additional hires:

• 1 full-time Cairo Engineer
• 1 full-time Product Manager
• 2 full-time Client Engineers

The remaining funds will be allocated to continued payment to the current full-time team members, along with a buffer.

All funds from the raise will exist in the BibliothecaDAO Treasury multisig and always be issued from there. Funds will be accessed as needed only.

Our aspirations

It is worth mentioning that the project has always been community owned and will continue to be. The value created by building Eternum and the protocol should flow to all members of the community.

1. Bibliotheca DAO becomes an incubator for games and technology. Shepherding Eternum, Adventurers and trailblazing a path to become an on-chain ‘Roblox’ style platform for games in the Loot universe and beyond.
2. Central entities want to build sustainable business models on the open gaming protocol.
3. Value accrues to Realms, $LORDS and developers that build on the protocol.

Overarching goals of this fundraising

• Provide a runway for the current Core team to deliver the short-term mission
• Provide liquidity for protocol-owned liquidity to exist
• Provide some level of grants to be distributed to grantees building on the protocol (voted on by the DAO)

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Proposal - $LORDS public OTC round

We are proposing a 100% community decentralised funding round via aelin.xyz for anyone to participate. Realms and Loot community would have preference over the public, however, anyone will be able to participate.

Price: 0.05c per $LORDS Vesting: 12 month lockup with 6-month linear vesting

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Option 1

Amount: 25,000,000 $LORDS

Raise: 1.25m $USDC

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Option 2

Amount: 12,500,000 $LORDS

Raise: 625k $USDC

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Option 3

Neither option 1 nor 2 - discuss another funding path.