Make an Agile Adjustment to our Magnet-DAO Investment By Spreading Out Funds Among Other AVAX Incubators

Gm Yetis. After Magnet DAO failed to launch on time today and after deeper-dives into media around the project, some members of the DYSC Dao have expressed reservation about going forward with the 40 AVAX allocation to their pre-sale. Many Yetis contributed to a robust discussion in our discord, and so I am bringing a proposal here that summarizes the main ideas.

Magnet DAO is angling itself as an incubator of projects on AVAX, a position several other protocols are going for. TIME, headed by Daniele, will use its vast Wonderland Treasury to invest in the ecosystem; Jade, with its viral marketing success and Fair Launch Foundation, also seeks to incubate projects; and Snowbank v2, with its protocol-owned-liquidity product, is also going after this market.

Each project has theses working for them:

TIME has a huge treasury and many connections in the crypto industry; JADE has marketing success; with MAG, we are early; and Snowbank has an innovative liquidity protocol in their 2nd Version.

Each project has various uncertainties:

TIME is trading at a 2.5x premium to its backing; JADE's style of marketing leaves a poor taste for some; MAG botched its launch; Snowbank is recovering from their SDOG experiment.

I hope that ALL these projects succeed! I am simply summarizing the arguments for and against.

As a result of these discussions, and as a test of our DAO's agility in making investment decisions, here are a few proposals of how to move forward:

1. Go forward with the 40 AVAX allocation to MAG presale unchanged.
2. Split the 40 AVAX allocation evenly across MAG, TIME, and JADE.
3. Up the overall allocation to 50 AVAX and spread it evenly among MAG, TIME, JADE, and SB.

For reference, a 50 AVAX allocation overall represents 1/6th of our current treasury. We thank you for your participation in this DAO!