Summary

Deploy the FloorDAO protocol and enable aFLOOR to FLOOR migration.

Rationale

Through protocol deployment, FloorDAO can begin executing on its vision to establish deep and yield-earning liquidity for blue chip NFTs.

Enabling aFLOOR migration will provide aFLOOR token holders with the ability to redeem FLOOR on a 1:1 basis.

Effect

Opportunity

This vote will officially launch the FloorDAO protocol.

Risks

An exploit in the FloorDAO contracts, bug in the deployment script or multi-sig error could lead to loss of funds.

Specifications

• npx hardhat run scripts/mainnet/deployAll.js --network mainnet on the deploy script at
• FloorDAO to verify the deployment and the handover of the governor, guardian and policy authorities to the DAO’s multi-sig accounts
  • Governor: 0xA9d93A5cCa9c98512C8C56547866b1db09090326
  • Guardian: 0xA9d93A5cCa9c98512C8C56547866b1db09090326
  • Policy: 0xEFbF837255F854f1e535441391B78114103E0888
• Repay the 500 WETH loan from NFTX to NFTX Deployer 0x8F217D5cCCd08fD9dCe24D6d42AbA2BB4fF4785B
• Deposit 500 WETH from FloorDAO LBP into FloorDAO treasury to mint 500,000 FLOOR
• 500,000 FLOOR transferred to the deployed aFLOOR Migration contract for redemption
• Migrate DAO’s unsold aFLOOR to FLOOR
• LP 30% of ETH raised with FLOOR in Uniswap V3 (infinite range, 1% fee) and deposit LP position into Treasury
• Deposit ETH or equivalent value assets into the Treasury as reserves
• Setup of pFLOOR vesting as outlined in FloorDAO tokenomics with a 3 month cliff

Funding request - No - Implementation Requires Funding

This request requires no funding.

Communication

Discord: FloorDAO

Forum: forum.floor.xyz

FloorDAO twitter: twitter.com/FloorDAO

Quorum

Minimum Quorum: 25,000 aFLOOR

Passing Threshold: More than 50% must vote in agreement for the FIP to Pass.