Proposal #22 [BUY] Use 6 ETH treasury and the proceeds of selling 102k non staked Portal to acquire Creepz Genesis through bids.

The liquidity of the bidding and floor is an opportunity for the DAO to capitalize on our assets.

On passing of this proposal the sigs are instructed to sell the portal and then place bids on Genesis Creepz. Bids should be placed in such a way that they are available on OpenSea, Magic Eden, and Blur.

The first 3 bids should be placed at 90% of floor price. Additional bids should be placed at 80% of floor price.

The bids should be dynamically managed every 2 weeks, to respond to movement in the floor price. Bids will be managed from a hot wallet and not the gnosis wallet. Gens bought through this process, along with any runes, will be moved to the gnosis wallet.

At each 2 week review there should be another 3 bids at 90% of floor and remaining bids at 80%, even if some bids have hit. If there is no longer enough ETH to place a bid at 90% then the actions under this proposal expire and all remaining ETH + gens are returned to the Gnosis treasury.

Pros

• Allows the DAO to take advantage of weakness in liquidity across platforms.
• This approach allows us to support the floor of the project and our main investment.
• If there is volatility on creepz then we gain gens under cost basis. If there is strength we are better off even without bids hitting.
• Potential to acquire higher rarity, runes, or higher SP gens

Cons

• Sig effort to manage bids.
• Reduces our Portal holdings to our staked balance of 133k, betting that Gens outperform portal.
• Mild risk related to funds being outside treasury for extended period.

Votes should be casted as a 'Approve' to approve or 'Disapprove' to reject this proposal. It requires a quorum of at least 5% votes and a majority support of more than 50% 'Approve' votes to pass this proposal.