WAVE-Y 5: Utilizing Gondi Protocol to Generate Vault Yield via NFT-Backed Lending - Budget Allocation [Y/N]

Proposer/Captain Intooishen 871001845806546994

Purpose This proposal seeks DAO approval to allocate a portion of the WHALE Vault’s liquid assets to provide NFT-backed loans via the Gondi protocol. This approach allows WHALE DAO to generate yield on idle capital while gaining potential exposure to high-value NFTs at a discount in the event of loan defaults. It aligns with WHALE’s mission of engaging in the broader NFT ecosystem and utilizing treasury resources strategically.

Single Decision Point Should WHALE DAO authorize the use of the Gondi protocol to provide NFT-backed loans from the Vault’s liquid capital, with the intent of generating sustainable yield and potentially acquiring strategic assets?

Proposed Timeline Standard 10-day Vote [Dates TBC] Pilot Duration: 90 days Loan Durations: 30–180 days (variable depending on borrower terms) DAO review to take place after initial loan cycle to assess results and determine continuation or expansion.

Anticipated Outcomes Generate measurable yield on idle Vault capital Potential acquisition of high-quality NFTs in case of default Active participation in the NFT lending ecosystem Strengthen WHALE’s reputation as a cultural steward in Web3

Target Collections (Initial List) CryptoPunks (Larva Labs) Autoglyphs (Larva Labs) Chromie Squiggles (Snowfro) Fidenza & Ringers (Tyler Hobbs, Dmitri Cherniak) Winds of Yawanawá (Refik Anadol) XCOPY (Grifters or other works) Note: This list can be reviewed and adjusted by the DAO prior to launch.

Budget Lending cap: Up to 25% of WHALE Vault’s available liquid ETH or stablecoin assets Loans to be overcollateralized and spread across multiple collections DAO to approve any increase beyond the cap after the pilot phase

Risk Analysis Default Risk: NFT collateral becomes DAO-owned; may carry resale liquidity risk Platform Risk: Gondi is a relatively new protocol; risk mitigated by audits and active adoption Mitigations: Limit per-loan exposure Diversify across collections Use conservative loan-to-value (LTV) ratios Community oversight or multisig-managed approvals

Impact Activates idle capital in the Vault for yield generation Strengthens WHALE’s position in the NFT ecosystem Potential to acquire iconic assets at below-market rates Supports DAO sustainability via capital for buybacks, grants, or marketing Public engagement in high-visibility NFT collections

Key Performance Indicators (KPIs) Number of loans issued Average loan duration and LTV ratio Yield/APR generated from loans Number of NFTs acquired via defaults Community participation and feedback Media mentions or social engagement resulting from participation

Supporting Documents Gondi Protocol: https://gondi.xyz/ Documentation: https://docs.gondi.xyz/ Add snapshot of loan data if available Optional: Case studies from similar DAO activity

https://docs.google.com/document/d/1la1KtPayWSlJ9nGHpcjx8aY9Eqj6c0mIgnwwDb5fELs/edit?usp=sharing + https://docs.google.com/document/d/1oaNYHZFuU_Y_3JXT6pPk1TYTmsBI2KjaJM6wuk4bono/edit?usp=sharing