Distribute ETH from NFT Auctions to SquidDAO Stakeholders

Intro: My goal for 2022 is make Squid (veSquid) a highly productive asset.

Building a scheme for all squid stakeholders to earn ETH - will make Squid and SQDN nfts more attractive to investors.

This proposal should be view as an upfront dividend. No eth will be taken out of the SquidDAO treasury, but rather distributed before being deposited into the treasury.

I am proposing 50% of ETH collected from daily NFT auctions be immediately distributed to veSquid, NFT, and team/ contributors. The other 50% will go directly to the treasury to be put to work.

More specifically I proposing the following breakdown of daily eth collected via nfts:

• 50% to treasury
• 20% to veSquid holders
• 20% to NFT holders
• 5% to Team / contributors (hold in eth)
• 5% to Team / contributors to market buy Squid (hold in sSquid)

Rationale: We need to make veSquid a productive asset. Receiving ETH distributions will make veSquid a very productive with high APY, and ‘real income’.

Distributing ETH to NFT holders will make NFTs more attractive, and will enable auction bidders to estimate - time to break even on NFT purchase.

5% Eth (to hold in ETH) to the team / contributors will help the DAO scale and bring on top talent ... and pay them in ETH, or borrow against ETH to pay stables.

5% ETH to market buy Squid (hold sSquid) will create ‘automated’ market buys of Squid — it will also give the DAO squid to incentive contributors on a longer time frame.

For:

Distribute ETH earned from daily NFT auctions in the following breakdown:

• 50% to treasury
• 20% to veSquid holders
• 20% to NFT holders
• 5% to Team / contributors (hold in eth)
• 5% to Team / contributors to market buy Squid (hold in sSquid)

Against:

Do Nothing.