We have realized that it is not easy to grow our treasury at the current market outlook of the eth NFT market.
Our initial methodology of growing our treasury through royalties was greatly hinged on our marketing efforts to push for secondary sales. However, as we are all aware, Opensea's freezing of our sales greatly stunted our growth.
While we will not ignore our current efforts of promoting Zombie Cats through Twitter engagements (such as giveaways), we decided that there needed to be an alternative way to grow our treasury.
Our dev team has done extensive due diligence in the Olympus DAO/$OHM and Wonderland fi / $TIME protocols and have all agreed that it is a viable alternative to growing our treasury with our existing funds.
As such, we would like to propose a first-of-its-kind DAO proposal to put 95% of our remaining eth (48eth~ after recent royalties) into either of these projects to grow our treasury in the mid-term so that we can buy more bluechip NFTs in the future.
You can find out more about these projects here
Olympus DAO ($OHM): Website: https://www.olympusdao.finance/ Twitter: https://twitter.com/OlympusDAO
At present, the price of $OHM is $884.69 and the Olympus DAO protocol offers an APY of 7,404.4%.
Wonderland FI ($TIME): Website: https://www.wonderland.money/ Twitter: https://twitter.com/Wonderland_fi
At present, the price of $TIME is $8611.38 and the Wonderland FI protocol offers an APY of 97,616.2%.
Note that Wonderland FI is on the Avalanche network.
We are aware that there are other Olympus DAO forks out there, but we have chosen these 2 projects due to their track record and relatively less risky nature (as compared to other OHM forks).
And for those who are familiar with these protocols, we are aware that there is the option of minting the $OHM and $TIME tokens. We will decide on the means of procuring the tokens once we have determined which project to proceed with.
Also, due to the volatile nature of these coins, the prices of these coins would have changed by the end of this snapshot.
This snapshot will run for one week so that our community has enough time to learn about how these protocols operate.
Please vote on the options below on how we should proceed.