Proposal #1: Add liquidity to $MOSHI NFTX Pool

This proposal is designed to signal the communities willingness to deploy a small amount of ETH from the Moshi Mochi treasury into the $MOSHI NFTX pool as liquidity.

Proposal: Add 5E of liquidity to the $MOSHI NFTX pool. This would require the treasury to purchase 2.5E worth of Moshi Mochi's from OpenSea, in order to 50/50 deposit into the SushiSwap NFTX pool with an equal weight $MOSHI and ETH.

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NFTX is a vaulted NFT platform, which allows you to deposit non-fungible tokens into a vault and receive a fungible token representing a claim to one NFTs in the vault. This allows users to hold and trade a fungible ERC-20 token that represents one Moshi. Since all Moshis in the vault are seen as equals for redemption purposes, it is considered and expected that the vault to be filled with "floor" value Moshis. Do not deposit or sell non-floor Moshis into the vault, you will not receive the proper market value of your Moshi.

A Moshi Mochi NFTX pool has been created, issuing the token $MOSHI. A user can buy specific Moshis out of the NFTX vault directly, and sell any of their Moshis into the vault via NFTX directly for ETH. $MOSHI is capitalized via a liquidity pool on SushiSwap ($MOSHI/$ETH). You can additionally mint & stake into the SushiSwap pool and receive LP fees in the form of $MOSHI.

The pool is already capitalized with roughly ~7.5E of total liquidity (3.75E of Moshis and 3.75E directly), however the more liquidity the pool has, the tighter the buy/sell spread into the NFTX vault will be. This means better prices for both buyers and sellers of Moshis. This proposal would more than double the current active liquidity, making the buy and sell prices of Moshis significantly more attractive and in-line with OpenSeas floor pricing for users. An additional value add is that these Moshis in the NFTX vault become tradeable within NFT aggregators, such as Gem.XYZ.

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The value of this proposal will be to signal the communities feelings towards starting to deploy some of the treasuries assets, and while the proposal is small in nominal size (5E), it will serve as a good precedent around the communities feelings on how to use the treasuries resources.

This proposal will support the floor-priced market (slightly) by purchasing 2.5E of Moshis from OpenSea, then providing liquidity into the NFTX pool. By providing liquidity, we are capitalizing a secondary, liquid and fungible avenue for sellers to receive liquidity for their Moshis (vs. listing at floor on OpenSea), and create a vault of Moshis that users can pick and purchase selected Moshis directly out of.

The value will be that the treasury is supporting and assisting in capitalizing a healthy secondary market, with very little downside (the treasury continues to retain the LP in the Sushi pool, so it's not spending the money per-say).

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NFTX Pool: https://nftx.io/vault/0x0f97670b863defb863a6865fcca3f345f5e6eb67/info/

Sell Moshis into NFTX Vault: https://nftx.io/vault/0x0f97670b863defb863a6865fcca3f345f5e6eb67/sell/

Buy Moshis from NFTX Vault: https://nftx.io/vault/0x0f97670b863defb863a6865fcca3f345f5e6eb67/buy/

Trade $MOSHI on SushiSwap: https://app.sushi.com/swap?outputCurrency=0x0f97670b863defb863a6865fcca3f345f5e6eb67&inputCurrency=ETH

SushiSwap Analytics: https://analytics.sushi.com/pairs/0x8acf3a14a2e6f926a3e88bdea793d4f401c1e14b

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Steps To Deployment: (a) Signal Vote on Proposal #1 Passing (b) Moshi Mochi treasury purchases however many Moshi's equal to 2.5E at current floor and fair market value (whatever the value of the NFTX $MOSHI token is) (c) Moshi Mochi treasury mint and stake (2.5E of Moshis + 2.5E) into the NFTX SushiSwap pool

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If you have any questions, please come chat in Discord or feel free to ping me directly regarding this proposal at @tomkysar on Twitter or @tk#4769 in Discord.