As part of XIP#37, NFTX claimed their ~29k Floor tokens and staked them for ~9k gFloor, allowing the NFTX Multisig to vote on Floor Snapshot votes. While NFTX DAO work on a longer term automated solution, NFTX will run a short term mirrored vote for any new collection and gauge votes (votes which contain a percentage weighting) allowing NFTX token holders a proxy vote on Floor DAO governance.

The regular quorum requirements for NFTX Governance votes will not apply for these proxy votes.

Below is the vote as detailed on FIP#46 - Gauge War #3

Summary

FloorDAO currently holds several collections in its treasury, and regularly deploys liquidity to establish deeper liquidity. FloorDAO utilizes various different protocols, as well as market-buys NFTs at floor price. Starting with Gauge War #3, gFLOOR holders vote to expand our liquidity to the winning choices using 100% of the NFTX & POL yield from over the course of 2 weeks. The winners of this vote will have 100% of the subsequent 2 weeks of total yield across all treasury holdings used to sweep the collection floors (or $FLOOR) and deploy in our various strategies.

The Sweep will take place within 4 days of vote completion and will be published in the Floor Discord for transparency.

The Gauge War process will familiarize gFLOOR holders & DAO participants with a future v2 mechanism.

Gauge Wars use the "Weighted" system of voting.