Create NFTx Vault & Sushi LP

Background:

NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs).

Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.

Benefits include: LP and stake minted vTokens to earn yield rewards Better distribution and price discovery for NFT projects Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap Increased liquidity for NFT investors and speculators Source: https://docs.nftx.io

Proposal:

1. CryptoHoots Team Funds the Creation of a NFTx Vault: Asset - 0x5754f44bC96F9F0Fe1a568253452a3F40F5e9F59 Name - CryptoHoots Symbol - HOOTS Enable Minting - Yes Enable Random Redeems - Yes Enable Targeted Redeems - Yes All Hoots will be whitelisted for deposits

Initial Pool Fee Structure: Mint Fee - 0% (Seed Phase) Target Redeem Fee - 5% (Default) Random Redeem Fee - 0% (Default)

2. CryptoHoots Team Seeds NFTx Vault with 5 Hoots. During initial seeding, the mint fee will be set to 0% until 10 Hoots have been added.

3. After 10 Hoots Have Been Deposited the Mint Fee is Set to 5%

4. NFTx Vault Published for Public Use

5. Team Stakes 5 vHOOT + ETH of Personal Funds to Seed Sushi LP.

At this point users should be able to mint vHOOTS from Hoots and stake them in the Sushi LP to start earning fees. This should encourage a stronger price floor and allow greater liquidity.