GIP-0006 Token Liquidity from Secondary Sale Royalties

The Gen.Art governance paper specifies that 2.5% of OpenSea sales of the Airdrop Collection and 0.875% of sales from the Drop Collection should flow into $genart liquidity pools. https://gen.art/pdf/GENART_GOV.pdf

Total sales to date: (thank you rhack for the Dune analysis - https://dune.com/rhack/ss-lp) Airdrop - 527.68 x 2.5% = 13.19 Eth Drop - 1458.33 x 0.875% = 12.76 Eth Mutual (not in Dune) - 7.45 x 0.875% = 0.06 Eth Total liquidity deployed to date: 0 (assumes that all liquidity provided was sourced from the Copper raise given that these funds were added within hours of the Copper launch ending) Total liquidity owed = 26.0 Eth

This proposal requests that Gen.Art follows the governance paper and deploys 26 Eth to the Uniswap V3 $Genart liquidity pool.

Timing: Stage 1: Dec 23 - Jan 31 (to roughly align with the expected launch of token/membership vaulting) Deploy 30% of funds (7.8 Eth)

Stage 2: Feb 1 - June 20 (20 weeks) Deploy remaining funds (18.2 Eth) at a rate of 0.91 Eth/week

Stage 3: June 20 -> Allocate liquidity from secondary sales at a minimum frequency of quarterly

Actions to take: Stage 1: -Purchase 3.9 Eth of $genart on the open market -Pair this purchased $genart with 3.9 Eth and add this full amount of liquidity to the Uniswap V3 pool over the full liquidity range -Lock this liquidity for a minimum of 1 year.

Stage 2: -Purchase 0.455 Eth of $genart on the open market -Pair this purchased $genart with 0.455 Eth and add this full amount of liquidity to the Uniswap V3 pool over the full liquidity range -Lock this liquidity for a minimum of 1 year. -Repeat steps above on a weekly basis for 20 weeks

Stage 3: -Set up a dedicated wallet to hold funds allocated to liquidity -Continue to deploy liquidity from secondary sale royalties as specified in the governance paper at a minimum frequency of quarterly