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TIP Log

TIP-12: Treasure Divestment Bank (TDB) 01 (Proposal)

  • Summary: The DAO Council is proposing lifting the 2.5% creator royalty cap on NFTs sold on the Treasure Marketplace to a 20% max cap and a 10% trigger for disclosure discussions with the Council. The royalty rates for each project must be clearly displayed on the marketplace and changes communicated clearly to respective communities. The DAO’s share will remain unchanged at 2.5%.
  • Date Ratified: April 22, 2022
  • Date Called: April 20, 2022

TIP-11: Next Stage of MAGIC LP Emissions (Ratified)

  • Summary: The DAO Council is proposing reducing the MAGIC-ETH SLP rewards from 1,000,000 MAGIC per month to 650,000 per month on the staggered schedule in the Detailed Proposal.
  • Date Ratified: April 9, 2022
  • Date Called: April 7, 2022

TIP-10: Treasure Divestment Bank (TDB) 01 (Ratified)

  • Summary: In accordance with ratified TIP-09, BattleFly LLC is proposing to acquire $4.5M USD of MAGIC tokens at a 10% discount to the 14 day TWAP (effective price of $2.43). BattleFly LLC will sign a contractual agreement with TreasureDAO confirming that this MAGIC will not be sold for at least 12 months. Funds received by the DAO will be used to support runway, scaling and execution of our growth strategy.
  • Date Ratified: March 28, 2022
  • Date Called: March 26, 2022

TIP-09: Accelerating Ecosystem Growth (Ratified)

  • Summary: The DAO Council is proposing introducing a three pronged ecosystem growth strategy: MAGIC Mining Emissions, MAGIC Grants and Integration, and Treasure Divestment Bank.
  • Date Ratified: March 17, 2022
  • Date Called: March 15, 2022

TIP-08: Liquidity Bootstrapping Program (Ratified)

  • Summary: The DAO Council is proposing onboarding new projects into the ecosystem on a quarterly basis using a liquidity bootstrapping program. This program will divert 50% of MAGIC staking emissions into partnering metaverse(s) for two weeks.
  • Date Ratified: January 4, 2022
  • Date Called: January 2, 2022

TIP-07: MAGIC-gOHM Incentives and Olympus Pro Bonds (Ratified)

  • Summary: The DAO Council proposed tapering of emissions, together with the introduction of Olympus Pro bonds to allow the DAO to build protocol-owned liquidity for sustainable liquidity management.
  • Date Ratified: December 14, 2021
  • Date Called: December 12, 2021

TIP-06: Update on TIP-03 and Additional Funding (Ratified)

  • Summary: The DAO Council proposed raising additional funds from the Ecofund to compete effectively in a highly competitive and fast growing space. This raise will be led by 1kx, the lead strategic partner.
  • Date Ratified: November 28, 2021
  • Date Called: November 24, 2021

TIP-05: Transition Towards Sustainable LP (Ratified)

  • Summary: The DAO Council proposed a multi-phased approach to transition towards sustainable LP, including:
    • a progresssive reduction in LP rewards to sustainable emissions, reviewed on an ongoing basis;
    • creation of a MAGIC<>gOHM pair;
    • pursuing protocol owned liquidity; and
    • exploration of alternative liquidity solutions.
  • Date Ratified: November 14, 2021
  • Date Called: November 11, 2021

TIP-04: Minting NFTs for User Acquisition (Ratified)

  • Summary: The DAO Council proposed seeking approval to inflate the supply of Legions and Treasures proportionately to be used in acquisition drives.
  • Date Ratified: November 14, 2021
  • Date Called: November 11, 2021

TIP-03: Use of Ecofund to Scale and Grow (Ratified)

  • Summary: The TreasureDAO Council proposed seeking funding immediately to rapidly secure talent and build out the team is the top priority of the Treasure DAO Council.
  • Date Ratified: November 14, 2021
  • Date Called: November 11, 2021

TIP-02: Launch v1.0 of the Treasure Marketplace (Ratified)

  • Summary: The DAO Council proposed to launch Version 1.0 of the Treasure Marketplace, addressing a gap in the market to provide a marketplace that caters to a wide array of token standards, while positioning Treasure at the forefront of NFTs on Arbitrum.
  • Date Ratified: November 10, 2021
  • Date Called: November 8, 2021

TIP-01: Approval of the Treasure DAO Tokenomic Framework (Ratified)

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TIP-12: Treasure Divestment Bank (TDB) 01 (Proposal)
TIP-11: Next Stage of MAGIC LP Emissions (Ratified)
TIP-10: Treasure Divestment Bank (TDB) 01 (Ratified)
TIP-09: Accelerating Ecosystem Growth (Ratified)
TIP-08: Liquidity Bootstrapping Program (Ratified)
TIP-07: MAGIC-gOHM Incentives and Olympus Pro Bonds (Ratified)
TIP-06: Update on TIP-03 and Additional Funding (Ratified)
TIP-05: Transition Towards Sustainable LP (Ratified)
TIP-04: Minting NFTs for User Acquisition (Ratified)
TIP-03: Use of Ecofund to Scale and Grow (Ratified)
TIP-02: Launch v1.0 of the Treasure Marketplace (Ratified)
TIP-01: Approval of the Treasure DAO Tokenomic Framework (Ratified)