IP-7: Internship DAO purchases Merge, $ASH, Poets, Pages, and Carbon

Summary:

We are proposing a balanced approach to maintaining Alpha, but also to provide exposure to the Pak ecosystem in a balanced manner. This is a more balanced approach for the DAO’s treasury. With the majority going to Merge and $ASH.

Details:

The DAO has over 100ETH in its treasury for the Internship DAO. I am proposing that we balance the treasury in a way that doesn’t lean in one direction.

Merge, Poets and Pages are either near or under the mint price. In terms of long-term value, it is in the DAOs best interest to purchase these undervalued assets for the DAO to have exposure to them. Not forgetting the majorly important $ASH token, with the upcoming ASH 2 drop, we are proposing we use 25ETH to collect all of the NFTs within the collection. The DAO would then proceed to purchase 25ETH worth of Merge at the best cost basis. After that, the DAO will proceed to purchase another 1 Carbon, and a balance of 80-20 with Poets and Pages for the remainder.

The remaining 25ETH will be set aside for future incentive mechanisms for the Internship DAO NFT.

Specification:

The DAO buys 25 ETH worth of Merge. The DAO buys 25 ETH worth of $ASH The DAO buys 25 ETH worth of remaining Pak assets, like poets, pages, and carbon. The DAO holds the 25 ETH remaining for liquidity incentives for the Internship NFT.