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APE DAOAPE DAOby0xf6ea6de3B28E284eEC682c4E64d43503F44228F10xf6ea…28F1

put WETH bids on fidenza and autoglyphs upto 50-75% of recent sale/floor

Voting ended over 4 years agoSucceeded

following up on the previous proposal on bidding on a fidenza auction. we didnt have ETH in the hot wallet to bid in time but now we do.

autoglyphs are the first generative art on chain and are the holy grail. within a long enough time frame, if we get one even at current floor price, its a major win. but.. we are in a short term bear market with the nft market that was overhyped recently.

having some eth in the treasury is an advantage we have, so the idea is the to try and get the best deals possible for the dao.

suggestion is to start putting 50 WETH bids on fidenza and 100 WETH bids on autoglyphs. There might be flippers looking to take quick profits in USD terms or looking for liquidity, and we just might get our hands on these grails. If offers are not accepted, we can start increasing the offers upto 50-75% of floor/recent sale. We can then look at buying one off the floor or a better traits one near floor for a fidenza. for an autoglyph since it would be a large purchase, it should need a separate proposal if we are buying one at floor - keeping a close eye on how the market is behaving. If the market stays down, we might have a good window of opportunity to buy.

Off-Chain Vote

yes
73.62K 100%
no
0 0%
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Timeline

Sep 12, 2021Proposal created
Sep 12, 2021Proposal vote started
Sep 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated