Summary

In line with the RFC and detailed discussion post to migrate the L1 Treasures, the Treasure core council would like to move the proposal to an informal vote by the community. Notably, we propose that we migrate Treasures on L1 to Arbitrum One by airdropping holders of L1 Treasures, their equivalent on Arbitrum One in the form of new Soulbound Treasures that can be used to unlock Treasures through gameplay and a new “Treasure Essence” system.

Voting Period

Voting commences now, ending Friday, November 3, 2023 at 4:15 PM EST (see local time via timestamp: 1699042500).

Voting Eligibility

• Only holders of MAGIC staked in the Harvesters or the TreasureDAO Governance Staking contract, and MAGIC-ETH SLP on Arbitrum can vote.
• gMAGIC will be calculated on a 1:1 basis across all options