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Proofer DAOProofer DAOby0x67CEAE082577eDaFdE61f2546105dE7A87d31cb40x67CE…1cb4

Sell 3 "floor" moonbirds for 1 proof pass

Voting ended over 3 years agoSucceeded

Facts:

  • Proof floor is 80 ETH
  • Moonbird floor is 28.9 ETH

Plan: If we list/sell three moonbirds around floor that should be ~82 ETH excluding royalties. After all three birds sell we use this capital to put bids on proof pass and acquire.

Reason:

  • I think MBs have been well hyped recently and Proof is likely to reward the collective soon.
  • They have heard the sentiment from the Proof Collective and I expect announcements in August will pump the proof pass price again.
  • I think the proof pass will get more than 3x better returns on the future of the ecosystem compared to moonbirds.
  • Our portfolio currently has 18 moonbirds and 4 proof passes, meaning that we have more than double our capital in moonbirds as we do proof passes so I would like to even it out some.
  • We could get this done in time to get an extra grails mint from the new proof pass.

Off-Chain Vote

Yes
68 PRFRD80%
No
17 PRFRD20%
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Timeline

Jul 11, 2022Proposal created
Jul 11, 2022Proposal vote started
Jul 12, 2022Proposal vote ended
Oct 26, 2023Proposal updated