FIP#79 - Nascent Strategies & Treasury Management Sub-DAO (Amended)

Objective:

Create a Sub-DAO with a multi-sig to provide a structured seasonal capital allocation to NFT-Fi projects and other nascent strategies. This Sub-DAO will act as a council aimed to execute innovative NFT-Fi strategies and evaluate emerging projects without affecting the core V2 strategy contracts.

Summary:

I propose Floor forms a Sub-DAO funded with 110 ETH, managed by a multi-sig for executing and managing NFT-Fi strategies. This Sub-DAO is accountable to FloorDAO and will produce bi-weekly reports on strategy outcomes.

Seasonal Strategy Execution: Allocate a set amount of 25 ETH per quarter to NFT-Fi projects under specific themes (e.g., perps, options, lending) to assess yield generation. The first season will focus on perps/options, with future themes and projects decided by the Sub-DAO.

Reporting and Analysis: The Sub-DAO will provide regular updates and comprehensive seasonal analyses on project performances to inform integration into Floor’s treasury strategy.

Capital Management: Upon approval of this proposal, 110 ETH will be sent to a ⅔ multi-sig consisting of 3 addresses, managed by Nobi, Toes, and Caps, who will then jumpstart the NFT-Fi Seasons in two batches over a one year period - the first once approved, and the second 6 months after.

Funding Request & Compensation: 55 ETH and 4020 FLOOR will be sent to the new multi-sig, covering the first two quarters. 25 ETH being spent on NFT-Fi seasons quarterly and 335 FLOOR being paid monthly to each signer as compensation (Caps has opted out of receiving FLOOR compensation). The remaining ETH will be used to cover gas fees and will be sent back to FloorDAO.eth following each 6 month period.

Motivation:

This approach allows for the exploration of new NFT-Fi strategies and project evaluations while mitigating risks and adhering to Floor’s risk-averse philosophy.

This proposal introduces a structured, risk-mitigated framework for exploring NFT-Fi strategies and projects, aiming to enhance Floor’s NFT-Fi ecosystem engagement.

Proposal:

• Create a new multi-sig
• Send 55 ETH and 4020 FLOOR to the new multi-sig
• Establish "NFT-Fi Seasons" under the Floor controlled Sub-DAO