Builder DAO

Fund L2 DAO Migration

Now that Bali has been launched we can begin migrating DAOs from L1 to L2. We currently have 6 DAOs interested in migration:

• Purple
• The Park
• Builder DAO
• BLVKHVND
• Nouns DAO Africa
• Lil Toadz

Funding request

For a DAO to fully migrate there are a few technical automations we have built out to make the experience as smooth as possible. These automations include relaying bridged transactions, setting artwork attributes and airdropping tokens to DAO members.

For a large DAO ie Purple or Builder the total gas cost is around 6,317,460 L1 gas for all L2 migration transactions. This means to sponsor one large DAO migration costs approximately:

• 0.063 ETH @ 10 gwei gas (144 USD @ 2300 ETH/USD)
• 0.126 ETH @ 20 gwei gas (289 USD @ 2300 ETH/USD)
• 0.189 ETH @ 30 gwei gas (434 USD @ 2300 ETH/USD)
• 0.252 ETH @ 50 gwei gas (579 USD @ 2300 ETH/USD)

A funding request of 3 ETH would allow us to migrate about 15 - 30 DAOs at current gas prices.

Funding source

We propose to use 3 ETH from the OPs working group multisig on Base. address: 0x2bAf638C651fb8AB5fB024Df680Be0D5323a2488

Upon successfully passing this proposal the 3 ETH will be sent to a wallet the migration bot uses to send transactions: 0xf9c4F85BAf81F854d36a3a75113f33b163cad2a7. Funds will be sent to Base, Zora and Optimism networks as needed depending on where DAOs choose to migrate.

If funds are not fully used ie less than 15 - 30 DAOs migrate they will be returned to BuilderDAO. If funds run out and more DAOs want to migrate we will submit a followup proposal for a second funding request.

This proposal includes a 0.00001 ETH transfer to put this proposal onchain.