Proposal 118: Sell BAYC Tier 3 Sewer Pass

In Proposal 117, we voted to claim the Tier 3 Sewer Pass for owning our BAYC. The Sewer Pass is part of BAYC's gamified mint for the Trial of Jimmy the Monkey. The details of what will create a more rare and valuable mint are not known at this time. I believe we only know that we must play one round with a pass to be eligible to receive the mint or next evolution of the NFT.

With this in mind, there have been a few potential issues discussed in discord about using our pass vs just selling it. Specifically, there are potential custody risks or complexities that will take time to understand. Also, if we would want to play for a competitive score, it appears we would have to allocate funds to purchase booster packs priced in $ape. A Member would also have to dedicate a fair amount of time towards this effort. With this in mind and the current floor of a Tier 3 pass being 3.14 ETH, I motion that we sell the pass and maintain the proceed in ETH.

Note, Sewer Passes may only be sold on OpenSea and x2y2 to ensure Yuga receives its royalties. While I believe we should expect 3eth with the current market, the price will be volatile and weekends can be slow. Thus, to ensure a sale, I propose we list 1-5% below the current floor and continue to reduce the price should we be undercut as the DAO's multisig committee can accomodate until our pass is sold. The list price may be made in the multisig committee's discretion, provided it is between 1-5% of the floor on the listed exchange.