Treasury Optimization Proposal

Overview:

As a DAO, we currently hold a number of NFTs that we believe could be better utilized to further our goals. In order to do so, we propose selling these NFTs and using the proceeds to purchase MAYCs and $APE tokens, which we will then stake in Paraspace.

Objectives:

• To sell our existing NFT holdings in order to generate funds for further investment.
• To purchase MAYCs and $APE to stake in Paraspace, with the aim of generating long-term returns for the DAO.
• To leverage our existing resources to further the goals of the DAO.

Plan:

We propose the following plan of action to achieve our objectives:

• Identify which NFTs could be sold, and determine a fair market price for each.
• Sell the NFTs to the highest bidders, and deposit the proceeds into our DAO wallet.
• Use the funds to purchase MAYCs and $APE on a reputable exchange.
• Stake the tokens in Paraspace, and hold them for a period of at least 12 months.
• Monitor the performance of our investment, and report back to the DAO periodically on progress and returns.
• The best play here is to buy 3 MAYC (39 ETH) + 6126 $APE (13.8 ETH). Additionally, we already have one MAYC fully staked with $APE. So staking will bring around 13000 $APE yearly according to the ParaSpace calculator.

Conclusion:

We believe that the sale of our NFTs and investment in MAYCs and $APE represents the best use of our existing resources, and will help us achieve our long-term goals. We encourage all members of the DAO to support this proposal and look forward to updating everyone on our progress.

If this proposal is accepted, we will begin the process of selling our NFTs and investing the proceeds in MAYCs, which will be staked on Paraspace to generate long-term returns for the DAO. We understand that staking profits are an important consideration for our members, and we are committed to finding a way to benefit our tags holders from the staking rewards generated by this investment.

Once we have a clearer picture of the returns generated by staking, we will hold a vote to determine the best way to distribute these rewards to our token holders. We believe that this investment will create a solid foundation for the future growth of our DAO, and we look forward to sharing the benefits with our members.