To become a GameFi investment DAO?

Proposal #: 3

Title: To become a GameFi investment DAO. Author: Kieran Warwick Date Created: 24th March 2022

Simple summary of the vote:

• To become the largest investment DAO in GameFi.
• 80% of ethlizards DAO funds reserved for early-stage GameFI investments/DeFi Investments.
• Access to seed/pre-seed investment deals normally only available to large funds.
• Drive value back to ethlizard holders through profit distribution.
• Position ourselves as the premium PFP project within GameFi.

Overview of the vote:

Vision

• To become the largest investment DAO in GameFi.
• 80% of ethlizards DAO funds reserved for early-stage GameFI investments/DeFi Investments.
• Access to seed/pre-seed investment deals normally only available to large funds.
• Drive value back to ethlizard holders through profit distribution.
• Position ourselves as the premium PFP project within GameFi.

Tokenomics

• Your Ethlizard is your token. We see no point in creating unnecessary complexity.
• Supply is capped at a maximum of 5050 ethlizards.
• A democratically elected Ethlizard Council will make the decision to invest or liquidate assets

Profit Distribution

• 50% of profits to be retained by the vault for re-investment.
• The remaining 50% profits will be distributed to ethlizard holders via staking over a TBD period.

Staking

• Ethlizards will receive profit distributions based on the length of staking.
• Profits will be distributed to Ethlizard holders via a staking mechanism over a TBD period.
• Holders must stake their Ethlizard in order to receive a share of the profit distribution.
• Length of staking will influence the weighting of profit distributions.

Ethlizard Council

• The Ethlizard Council will be a 5 member council democratically elected each epoch.
• Council members cannot be anonymous and can only be nominated by an ethlizard holder.
• Epochs will be 12 months.
• Council Members will be paid 5% on profits only.

Ideal Council Structure

1. VC
2. GameFI Founder
3. DeFI Founder
4. Community Whale
5. Community Whale

Governance

• Keeping it simple
• 1 Lizard 1 Vote.
• Everyone who owns a lizard will be able to submit a proposal within set proposal guidelines.
• Quorum will initially be set at 500 ethlizards for Motion to pass.

Roadmap October 2021 - Lounge Created February 2022 - Sold out Mint March 2022 - GameFi DAO Direction Established April 2022 - Revamp GameFi DAO Website May 2022 - Council Elections Q3 - Q4 2022 - GameFi DAO Dashboard Created