DAO Shrine Purchase Proposal 2 of 3

The DAO wants to purchase a Shrine.

The new forge interface will use this DAO owned Shrine as the default shrine selection.

This enables new or casual users to ignore the step of selecting a shrine.

The DAO needs to decide on these details:

1. How do we acquire 42 Karma Crystals?
2. What do we do with the 10,000 $CANDLE that should be spent on the Shrine?
3. What Fee do we set?

These will be split into three simultaneous proposals.

2. What do we do with the 10,000 $CANDLE that should be spent on the Shrine?

• NOTE: Shrines cost 10,000 $CANDLE and that $CANDLE goes to the DAO. This means that the $CANDLE the DAO spends on the Shrine will be returned to the DAO.

Option 1: Keep it in the Treasury.

• Pros: DAO maintains a larger share of the circulating $CANDLE supply.
• Cons: Undermines the $CANDLE paid by existing Shrine Owners.

Option 2: Burn it.

• Pros: fire emojis
• Cons: Doesn't add any actual value to the ecosystem.

Option 3: Distribute it to existing Shrine Owners.

• Pros: 11 Shrine Owners will receive 909 $CANDLE each, subsidizing the 10,000 $CANDLE they each spent on their own shrine.
• Cons: Giving ~$500 away of a token with $7k liquidity can have a big price impact.

Option 4: Burn it but allocate the $CANDLE to Shrine Owners' airdrop allocation.

• Pros: Same pros as option 3
• Cons: simply delaying the cons of Option 3 until we migrate to Sonic.

If you do not like any of these options please select Option 5.