FIP#45 - Gauge War Overhaul

Summary

FIP#45 will increase the yield directed by gFLOOR holders on a bi-weekly basis to 100% of all NFTX & Uniswap FLOOR POL fee yield, rather than 50%, giving gFLOOR holders more control over yield direction.

FIP#45 will require the multi-sig to act on each Gauge Sweep within 4 days of each Gauge War epoch (14 days after the Snapshot goes live), actualizing the yield upon epoch completed. This new format will run as a replacement of the prior system.

Additionally, FIP#45 will require the DAO multi-sig to actualize the yield farmed during the 14 day epoch, allocating it to each Sweep by claiming & swapping non-ETH rewards (when not gas-prohibitive), rather than using the treasury's ETH directly.

Motivation

This proposal is designed to increase transparency, efficiency, and grant further voting utility to gFLOOR token holders.

FIP#45 increases the amount of yield directed to gFLOOR token holders, as well as provides for a set Sweep timing, while still allowing for front-running protection, being that there is a 4 day window.

Proposal

Increase yield directed on a bi-weekly basis to 100% of NFTX & Uniswap FLOOR POL yield from 50%.

Mandate the multi-sig to sweep within 4 days of each Gauge epoch’s conclusion (14 days after the start of each vote), actualizing all yield.