Proposal Summary

This proposal recommends the allocation of 2 ETH from the DAO treasury to purchase 1 ETH worth of TIGG and 1 ETH worth of EEYOR tokens. These tokens will be used as staking rewards on the Roll platform, incentivizing users to lock ETH/TIGG or ETH/EEYOR pairs to earn yield.

$EEYOR : 0x07c904d8c04323ef9fe6bf13aaeba05b62c54825

$TIGG : 0x4f6AdC5f7427eBF43efe23347eB4eBAA398646Cf

Proposal Details

Objectives

1. Increase Liquidity & Diversity of Ecosystem: By holding TIGG and EEYOR, the DAO diversifies its asset portfolio.
2. Enhance Staking Incentives: Offering staking rewards will encourage users to participate in the staking program, thus increasing the use and value of both TIGG and EEYOR tokens.
3. Boost Community Engagement: Incentivizing staking helps in retaining users and growing the community.

Plan

1. Fund Allocation: Allocate 2 ETH from the DAO treasury.
2. Token Purchase: Purchase 1 ETH worth of TIGG and 1 ETH worth of EEYOR tokens.
3. Staking Rewards: Distribute the purchased tokens as staking rewards on the Roll platform.
4. Staking Requirements: Users must lock ETH/TIGG or ETH/EEYOR pairs to earn yield.

Implementation Steps

1. Approval: Obtain approval from DAO members for the allocation of 2 ETH.
2. Execution: Upon approval, execute the purchase of TIGG and EEYOR tokens using 2 ETH from the treasury.
3. Integration: Coordinate with Roll to set up the staking rewards program.
4. Announcement: Announce the staking program to the community, detailing the rewards and participation guidelines.

Budget

• Total Allocation: 2 ETH
  • TIGG Purchase: 1 ETH
  • EEYOR Purchase: 1 ETH

Timeline

• Token Purchase: Within 3 days of approval
• Staking Program Launch: Within 1 week of token purchase

Expected Outcomes

1. Increased Staking Participation: A significant increase in the number of users participating in the staking program.
2. Enhanced Token Utility: Increased demand and trade volume for both TIGG and EEYOR tokens.
3. Community Growth: Greater engagement and growth of the DAO community.

Voting

• FOR: Approve the allocation of 2 ETH from the treasury to purchase TIGG and EEYOR tokens for staking rewards.
• AGAINST: Reject the proposal and do not allocate 2 ETH from the treasury.

Conclusion

This proposal aims to leverage the DAO's treasury to enhance staking rewards, increase asset diversity, and boost community engagement. By approving this proposal, the DAO will take a strategic step towards strengthening its position in the ecosystem and providing valuable incentives to its members.