FIP #8 - FloorDAO treasury holdings: Milady + Tubby [gFloor Consensus]

Abstract:

FloorDAO will target 2.5% of the Milady Maker and Tubby Cats collection as a permanent holding among its treasury assets. These holdings will result in approximately 250 Miladys, and 500 Tubby Cats NFTs held in the FloorDAO multi-sig wallet.

FloorDAO is, in principle, a long-only NFT index. That being said, FloorDAO's treasury is not obligated to hold NFT assets indefinitely. Aditionally, FloorDAO reserves the right to LP and generate yield on these assets through NFTx and other similar protocols.

Acquisition Strategy:

Given gFloor consensus, FloorDAO's treasury will add these holdings throughout the 2022 calendar year, beginning in Q2 2022. Bonding Premiums & Twap purchases will be left to the discretion of the FloorDAO core team and its multi-sig validators.

To dissuade front-running and overall market manipulation, the exact final quantities and time-horizon of the FIP#8 acquisition will be left unspecified.

Additional Info:

FIP#8 is an independent proposal put forth due to substantial levels of demand and interest. This proposal does not intend to subvert the flywheel collection process, and has been submitted to simply accelerate the acquisition of Milady Maker & Tubby Cat holdings.

FIP#8 is systematically separate from the flywheel selection process, and regards collections such as Squiggles/Azuki/WoW as essential to achieve FloorDAOs long-term vision.

If FIP#8 fails to pass, the Milady Maker & Tubby Cats collections will abstain from further consideration in favor of a wider vote.