LIP-5 Migrate to a new contract to support OpenSea's blocklist
Summary
OpenSea has released a blog post about a new blocklist feature intended to enforce creator fees on secondary sales.
This is a proposal to migrate to a new contract that attempts to enforces creator fees on chain using the OpenSea OperatorFilterRegistry tool. This will allow us to support OpenSea’s blocklist and remain eligible for creator fees from secondary sales on OpenSea.
Motivation
OpenSea has stated that they will not support creator fees for new collections that don’t use the OperatorFilterRegistry tool. Loot currently has a 5% creator fee, which may be lost if we don’t migrate to a new contract.
Specifications
The new contract will be deployed to Ethereum mainnet. Existing Loot holders will be able to migrate their Loot to the new contract by calling a function on the new contract. The migrate function will burn the legacy Loot and mint new Loot on the new contract with the same ID. Migrating will be free and just cost gas.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7D00...f6d4c9 | 4 | Do nothing |
 0x1e34...4E63D5 | 4 | Do nothing |
 0x1075...584bBA | 3 | Do nothing |
 0xDFe8...bA29F1 | 2 | Migrate to a new contract |
 0x4FeB...355762 | 2 | Migrate to a new contract |
VOTE POWER
Proposal Status
- Tue November 08 2022, 07:39 amVoting Period Starts
- Thu December 15 2022, 08:00 pmEnd Voting Period
Current Results
1-Do nothing
26
2-Migrate to a new contract
18