December 2025 Grid Cycle Vote

We propose that, from time to time, the Grid Phantoms Vault be used to buy undervalued Neo Tokyo floor S1 NFTs. These S1s would be staked for passive $BYTES yield. The S1 acquisitions would represent a conservative percentage of the Vault’s value as part of a diversified yield strategy.

One pro in support of this proposal is that the yield from staking, while low, is "set it and forget it" vs. the active management needed on LP positions while working to avoid impermanent loss. Again, as one small part of a diversified yield strategy, we feel this might be advantageous.

Another point in support of the proposal: As the Vault grows, so grows its power to buy floor S1's and thereby support the "floor health" of Neo Tokyo. As we all know, all it takes is two desperate sellers fighting it out on the floor to bring down the perceived value of the project. Sometimes all it takes is one floor sale to stop a floor downtrend.

Adding this slight S1 buy pressure at strategic opportunities would potentially support the BYTES/Neo Tokyo ecosystem. In turn, we believe this could support our adopted token BYTES, and thereby support the Vault and potential Phantom Rewards.

Again it should be emphasized that this would begin as a very small part of our overall strategy, with the potential to grow into something more significant as the Vault grows. We do not have any delusions of this being an overnight silver bullet for the ecosystem.

Slow and steady.

Vote your conscience. We will abide by the voice of the Phantoms.