DOT Survival Pool

Title: DOT Survivor Pool

Author(s): Rolldawg

Type: Community Event(s), Action

Implementer: Multi-sig Team, Communications Committee, Potamus, and RollDawg

Created Date: July 10, 2023

SUMMARY

Founders DAO will burn MP2 to create EVO6s DOTs. At the conclusion of this proposal, the Founders DAO will have one EVO6 DOT of each back trait.

This proposal seeks to permit the Multi-sig members of the Founder’s DAO to engage with the FoundersDAO wallet (Wallet: 0x580A96BC816C2324Bdff5eb2a7E159AE7ee63022) to transfer MP2s, as determined in this proposal to the “DOT Madness” wallet (0x84B65890dfc325Ab9Fa90523e82F30E2af2c6570) managed by Potamus to evolve additional DOTs to EVO6.

ABSTRACT

What: The PVFD will use a survival pool mechanic to engage the community with community votes centered around evolving Founders DAO DOTs. At the conclusion of this proposal, the Founders DAO will own one of each EVO6 DOT back traits. There are liquid assets currently totaling ~2.86 ETH in the “DOT Madness” wallet that remain from the DOT Madness proposal. Approval of this proposal will allow the liquid assets to be allocated for all transactions in this proposal. The multi-sig team, the Founders DAO communications committee, Potamus, and Rolldawg will be responsible for the actions in this proposal.

Why: EVO6 has arrived, which allows the Founders DAO community to forecast how any DOT will appear at the EVO6 level. This proposal will allow the FD to provide a community activity that leverages assets we have on hand. The FD currently has more than 6300 MP2 and only has two EVO6 DOTS. The FD can utilize a fraction of the MP2s in the vault to complete a full set of EVO6 DOTs in the vault. The survivor pools will be organized to allow only new back-trait DOTs not currently owned by the Founders DAO to be eligible to win the survivor pools.

How:

1. Upon approval the multi-sig wallet will transfer 320 MP2 to Potamus' “DOT Madness" wallet (wallet: 0x84B65890dfc325Ab9Fa90523e82F30E2af2c6570).

2. Potamus will evolve all allocated MP2 to EVO1.

3. Pools will be organized by back trait. All back traits will be grouped together (for example all Gun Experts together, all Miners together, etc) to be voted on.

4. Once the Survivor Pools are set the PVFD communications committee will run the voting. The voting duration will allow the community enough time to place their votes.

5. When voting has concluded the Communications Committee will provide Potamus & Rolldawg with a list of the winning DOTs. DOTs that do not win but are either 3 or greater matching traits or 4T/8T will be “rescued" and returned to the FD wallet and replaced with MP2.

6. Once all DOTs eligible to be rescued are returned to the FD wallet, Potamus will evolve the winning DOTs with the remaining fragments.

7. At the conclusion of evolving Potamus will transfer the DOTs and any unused ETH back to the FoudersDAO wallet.

8. MP2 compensation will be distributed to Potamus & Rolldawg.

Who: Multi-sig team will be responsible for executing any transactions leaving the FoundersDAO wallet. Potamus will execute MP2 to DOT mints, DOT evolutions, and transactions in the DOT Madness wallet. PVFD will vote on the survivor pool(s). PVFD Communications Committee will proctor the voting and promotion of the event and inform Potamus/Rolldawg of the results of community voting. Rolldawg will create the Survivor Pools, supervise DOT rescue, and provide oversight to all aspects of the DOT Survivor Pool.

Potamus & Rolldawg will be compensated with two MP2 each.

Where: Transactions will take place in Potamus’s wallet until the conclusion of the Pool(s), at which time all assets will be transferred back to the FoundersDAO wallet. Voting on the pool will take place via Discord with announced deadlines.

POSITIVES

This provides an event for the PVFD to directly participate in and for the Pixel Vault community as a whole to indirectly participate in. The Founders DAO will have 12 EVO6 DOTs in the vault, curated by the community.

RISKS

Trust in Potamus with FD assets leads to inherent risk that cannot be completely mitigated in a web3 environment. Potamus is however a trusted member of the PV community and an employee of PV, and he flawlessly executed the DOT Madness proposal. Gas will be spent on the transfer and evolution of assets. There is no guaranteed return on investment of burning MP2s for the evolution of DOTs including gas required to execute these transactions, however, EVO6(s) will be returned to the FoundersDAO wallet that will represent an equal number of fragments used during the evolution process of the DOT Survivor Pool. By the nature of the pool mechanism and for ease of execution, “desirable” DOTs have the potential to be burned based on the voting of the community. Compensation in the form of MP2 will be spent and will not have a tangible return to the Founders DAO.

OVERVIEW

Allocate and Transfer 324 MP2 to execute a survivor pool(s) that the PVFD will vote on. The PVFD Communications Committee will run the voting. Potamus will execute transactions. Rolldawg will provide oversight to the process and ensure deadlines are adhered to and executed smoothly.

-Choice #1 costs 324 MP2 (320 to burn/evolve & 4 for compensation). Will yield 10 EVO6 DOTs for the Founders DAO. -Choice #2 Costs nothing, and nothing will happen. -Choice #3 Abstain to vote, but you will be included to meet quorum.