Land Development Budget Allocation

Synopsis: Allocate a percentage of revenue to incentivize land development, and a strategy for reducing/eliminating the need to liquidate earned LOKA to fund same.

Asset Allocation: What percentage of revenue (from the developed land) should be allocated to fund the program? A second, concurrent vote will determine how this funding is used.

Liquidation reduction: Currently, the Ethereum DAO wallet holds approximately 6k DAI tokens. These tokens are to be bridged to Polygon and and converted to USDC to be used for the program’s payouts, thus eliminating the need to liquidate LOKA until this reserve is exhausted. As it nears exhaustion, LOKA can gradually be sold to maintain the reserve. This allows all earned LOKA to remain available for other purposes, such as staking.

Rewards Distribution: Currently, the NFG system is incompatible with our Gnosis Safe. Each payment would therefore need to be sent to an administrator’s wallet (Fallen or myself) who will server as an intermediary. Both hashes will be provided as proof the funds were properly spent.