GG Accelerator DOT Evolution
Author(s): Rolldawg
Type: Action
Implementer: Multi-sig Team, RollDawg
Created Date: September 9, 2023
SUMMARY
Founders DAO will burn MP2 to create EVO6 DOTs, in preparation for the Supernova and DOT acceleration.
This proposal seeks to permit the Multi-sig members of the Founder’s DAO to engage with the FoundersDAO wallet (Wallet: 0x580A96BC816C2324Bdff5eb2a7E159AE7ee63022) to mint MP2, as determined in this proposal, to EVO1 then based on the rarity of Inhabitants.tools, to EVO6.
ABSTRACT
What: The PVFD has 5970 MP2 and 6470 planet tokens (10 Moon, 97 Mercury, 202 Venus, 73 Earth, 114 Mars, 2.2k Jupiter, 1.9k Saturn, 918 Uranus, 908 Neptune, 48 Pluto). The PVFD has the ability to create 186 EVO6 DOTs to accelerate the $GG vesting from 48 months to 6 months. This proposal will add a number of EVO6 DOTs to the Foundersdao.eth wallet to accelerate the vesting of the DAO’s planet tokens to $GG.
Why: This provides utility to the Foundersdao.eth wallet in the way of EVO6 DOTs. This proposal will provide that utility through minting EVO6 DOTs which will allow the PVFD to accumulate $GG quicker through DOT vesting acceleration.
How:
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Upon approval, the multi-sig wallet will mint MP2 as determined by this proposal to EVO1.
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Once all EVO1 DOTs are minted Rolldawg and the Multi-sig team will determine which DOTs will be evolved to EVO6.
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Once the determination of which DOTs will make it to EVO6 is made, the multi-sig team will begin to evolve all selected DOTs.
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Once all evolutions have taken place, the MP2 rewards will be distributed.
Who: Multi-sig team will be responsible for executing the minting and evolving from the FoundersDAO wallet. Rolldawg will determine which DOTs will be evolved to EVO 6 and provide oversight.
The multi-sig team will receive two MP2 each (12 total). Rolldawg will be compensated with six MP2.
Where: Transactions will take place in the Foundersdao.eth wallet.
POSITIVES
This provides utility to the PVFD’s MP2. Once evolved to EVO 6 the DOTs will allows an equal number of planet tokens to be converted to $GG 4x faster.
RISKS
Gas will be spent on the evolutions will no guaranteed recoup of value. There is no guarantee that once DOTs have accelerated the $GG vesting they will continue to hold equal or greater value than the equal number of MP2. OVERVIEW
Mint MP2 to EVO 1 DOTs. Evolve all to EVO 6 based on the highest rarity as determined by inhabitants.tools.
Choice #1 costs all 5970 MP2 owned by PVFD and will yield 186 EVO 6 DOTs. Choice #2 costs 75% of MP2 owned by PVFD (4498) and will yield 140 EVO 6 DOTs. Choice #3 costs 50% of MP2 owned by PVFD (2994) and will yield 93 EVO 6 DOTs. Choice #4 costs 25% of MP2 owned by PVFD (1490) and will yield 46 EVO 6 DOTs. Choice #5 is to do nothing and costs nothing. Choice #6 is to abstain and costs nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7942...f81BE6 | 6 | (1st) Max Mint EVO 6, (2nd) Mint 75% of MP2 to EVO6 , (3rd) Mint 50% of MP2 to EVO6, (4th) Mint 25% of MP2 to EVO6, (5th) Mint Nothing, (6th) Abstain |
 0x49CA...64294d | 4 | (1st) Max Mint EVO 6, (2nd) Mint 75% of MP2 to EVO6 , (3rd) Mint 50% of MP2 to EVO6, (4th) Mint 25% of MP2 to EVO6, (5th) Mint Nothing, (6th) Abstain |
 0xe66e...80d060 | 2 | (1st) Mint Nothing, (2nd) Mint 25% of MP2 to EVO6, (3rd) Mint 50% of MP2 to EVO6, (4th) Mint 75% of MP2 to EVO6 , (5th) Max Mint EVO 6, (6th) Abstain |
 0x176B...EF2097 | 2 | (1st) Max Mint EVO 6, (2nd) Mint 75% of MP2 to EVO6 , (3rd) Mint 50% of MP2 to EVO6, (4th) Mint 25% of MP2 to EVO6, (5th) Mint Nothing, (6th) Abstain |
 0x04Ff...417Eb1 | 1 | (1st) Mint 50% of MP2 to EVO6, (2nd) Mint 25% of MP2 to EVO6, (3rd) Mint Nothing, (4th) Abstain, (5th) Mint 75% of MP2 to EVO6 , (6th) Max Mint EVO 6 |
VOTE POWER
Proposal Status
- Tue September 12 2023, 05:03 amVoting Period Starts
- Sun September 17 2023, 05:03 amEnd Voting Period
Current Results
1-Max Mint EVO 6
12
2-Mint Nothing
2
3-Mint 50% of MP2 to EVO6
1