• © Goverland Inc. 2026
  • v1.0.8
  • Privacy Policy
  • Terms of Use
JPEG’dJPEG’dby0x51C2cEF9efa48e08557A361B52DB34061c025a1B0x51C2…5a1B

PIP-10: Authorize DAO To Purchase NFTs

Voting ended over 3 years agoSucceeded

Abstract The DAO has approximately 26m in stables and 12.5m in ETH that it can use to purchase distressed NFTs from other protocols or via OTC.

Background The JPEG'd DAO has excess capital it can use to purchase NFTs that are either set for liquidation from other protocols or privately from buyers OTC. It can use DAO funds to purchase NFTs at discounts to market (via liquidations) or other means. Once purchasing such NFTs the DAO can use it to mint PUSd and earn yield on the JPEG'd protocol.

Proposal Authorize the DAO a budget of up to $2m in either stables or ETH to purchase Cryptopunks, BAYC, MAYC, or EtherRocks. Discretion to purchase a particular NFT and it's price will be at the discretion of the Multisig operating on the best interests of the DAO.

Off-Chain Vote

Authorize DAO
4.64B JPEG100%
Do not authorize DAO
2.03M JPEG0%
Quorum:223%
Download mobile app to vote

Timeline

Aug 20, 2022Proposal created
Aug 20, 2022Proposal vote started
Aug 23, 2022Proposal vote ended
Oct 26, 2023Proposal updated