Proposal 091: Establish a Committee to acquire a BAYC Koda Plot while offloading our Mutant Ape and two Otherdeeds

Proposal 091: Establish a Committee and Allow the Committee to execute on the idea of acquiring a BAYC Koda Plot while offloading our Mutant Ape and two Otherdeeds.

Explanation: Reidar seems to be in agreement that we’d like to better consolidate our Yuga exposure by offloading our Mutant Ape and two current Otherdeeds and picking up a BAYC Otherdeed that contains a Koda. If you don’t like this idea, you should vote against the proposal. How we go about doing this is flexible, and totally dependent on what way nets the DAO the most money. There are two options, either we sell and buy the included assets on the open market, or engage in OTC trades with Yuga community members (or a combination of these two options). To decide on how to best execute given these two options, we will create a committee to handle it. The committee will consist of Mr. Fox, Abraham, Waabam, deefins, and Vulkan.

Why: Our Yuga is exposure is too diversified. We feel it is better to have one strong foot in each side of the Bored Ape ecosystem (the digital avatars that act as the genesis pieces in the universe and their metaverse) as opposed to having a bunch of Yuga assets scattered across these two worlds. Although if Yuga succeeds on all fronts as time goes on we may stand to gain more if we kept the portfolio as is, I think the portfolio is much easier to manage and conceptualize if we break it down into these two simple buckets.

Total Assets: Our Mutant and Otherdeed lands combined is worth roughly 28 ETH, and a BAYC Koda Otherdeed is worth roughly 23 ETH. We should come out of this with 5 more ETH liquid at minimum.

Bear Case: All Yuga assets rip and we don’t make as much as we could have.