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PieDAOPieDAOby0x1146f36Cf74fBB2971DcDA652d0a3f4289a39d530x1146…9d53

[PIP-61] $PFP Creation

Voting ended over 4 years agoSucceeded

Full discussion in the forum thread.

Rationale The NFT space is large and broadening quickly. $PLAY is a great product, and has performed extremely well with its focus on metaverse gaming. The inclusion of small amounts of profile pic NFT vaults $PUNK and $MASK was, I think, an early indication of interest in a now-large PFP space that is emerging as its own sector, with markedly different dynamics than gaming projects.

$PFP is a new pie that attempts to track the floor prices of blue chip profile pic projects, giving investors diversified exposure to investment-grade PFP space.

Specs & Allocation Overall, 13 assets qualified for inclusion in PFP. Allocations were chosen based on the pie's asset inclusion criteria referenced in the proposed prospectus, based on market cap with a "booster" for project longevity, with a max 40% allocation and min 2% allocation. Note that all assets that passed the criteria at this time are ERC20 tokens from NFTX Vaults.

PUNK: 40.00% BAYC: 12.00% PURR: 8.77% MEEB: 6.37% MASK: 6.00% KITTY: 5.80% COOL: 5.08% AVASTR: 4.58% BGAN: 2.60% MOONCAT: 2.40% PUDGY: 2.38% DUCK: 2.01% FLUF: 2.01%

Allocations will be updated and rebalanced according to the policy & procedure defined in the prospectus, or as amended by PieDAO governance.

$PFP will use the PieVault architecture and include a 1% streaming fee to the DAO.

Vote & Next Steps If this vote passes, it signifies community authorization to launch the proposed $PFP pie.

Some launch details will be left to the discretion of the core team, such as development prioritization, token icon, and final adjustments to the allocations to reflect any changes to the allocation criteria between vote and launch.

In a subsequent vote, the DAO may or may not choose to create a Pie Working Group to coordinate the pie's launch and AUM growth.

Off-Chain Vote

Yes, launch $PFP
676.2K 94.4%
No, don't launch $PFP
39.86K 5.6%
Download mobile app to vote

Timeline

Sep 09, 2021Proposal created
Sep 09, 2021Proposal vote started
Sep 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated