DAO TREASURY PURCHASE #1

Hey everyone,

We’re ready to move forward with the first purchase of the StackedToadz DAO. At this moment in time the DAO treasury has 215ETH at its disposal, this does NOT mean that we should chug it all at once into NFTs or another asset. Please remember that the treasury needs to continue to be liquid in order to further fund project development.

Why do this? We can use funds from the DAO treasury to buy assets, symbolically backing the $STACK token, diversifying the projects portfolio, as well generating a yield from the funds we have available. Flexing with blue chip NFTs is cool but let’s not lose sight of the big picture, which is why OHM & TIME are included in each proposal.

What is being proposed?

1. 20ETH into OHM + 20ETH into TIME + 2 Anonymice (floor +- 4ETH) = ca. 50ETH
2. 40 ETH into OHM + 2 Anonymice = ca. 50ETH
3. Bored Ape (floor 34ETH at time of writing) + 20ETH OHM = 54ETH

What is OHM? OHM is a decentralized reserve protocol that generates high-yield when staked. Immediately after our purchase of the OHM tokens, we will stake them. The current APY is 8,291%

https://www.olympusdao.finance/

What is TIME? The TIME token generates rewards through its TimeWarp DeFI staking program. With a current APY of 547%

https://timewarp.finance/

What is Anonymice? Most will be familiar. Hold Anonymice to earn $CHEETH. https://opensea.io/collection/anonymice

What is BAYC? Bored Ape Yacht Club is a 10k pfp collection of bored apes that people flex with. https://opensea.io/collection/boredapeyachtclub