PieDAO

Relevant discussion can be found here https://forum.piedao.org/t/linear-finance-x-piedao-synthetic-play-metaverse-nft-index-play/1164

Summary

This proposal is a continuation of the Linear Finance - PieDAO partnership and aims to bring to market a PieDAO branded synthetic PLAY Metaverse Index (ℓPLAY) to Linear.Exchange.

Motivation & Scope

The Metaverse and NFT projects are reaching solid maturity levels and significantly high market caps in 2021. The team at Linear Finance believes now is the perfect time to expand our partnership with PieDAO and enable users access to yet another PieDAO managed portfolio on Linear.Exchange, the PLAY Metaverse NFT Index.

Listing a synthetic PLAY Metaverse NFT Index (ℓPLAY) on Linear.Exchange will benefit both protocols as PieDAO will gain more exposure to the thousands of Linear.Exchange users and the Linear Community will be able to invest in a solid Metaverse & NFT Index “baked” by the best in the industry!

Specification

The launching of a new PieDAO branded synthetic index on Linear.Exchange means that:

1. PieDAO will compose and maintain a PieDAO branded synthetic index, providing Linear Finance with the methodology and assets allocation on a monthly basis - i.e. monthly rebalancing.

2. Linear Finance will list the index on Linear.Exchange and recognise to PieDAO a service fee of 0.1% of the monthly traded volume in USDT, or 1,000 USDT/USDC if the index has less than 1 million in monthly traded volume.

3. Linear Finance & PieDAO will work together to promote the strength and institutional level research conducted by the PieDAO team, the PieDAO synthetic PLAY Metaverse NFT Index on Binance Smart chain and any public blockchains that are used by Linear, the PieDao indexes on ETH Chain, and leverage respective communities to spread awareness of each ecosystem.

4. Linear Finance will commit marketing resources and dollars to spread awareness and promotion on all social media platforms and relevant media/PR agencies.

*** If approved, a Technology Agreement will be exchanged, stipulating the detailed terms and conditions ***

Do you support the above proposal for the creation of a Synthetic PLAY Metaverse index jointly by Linear Finance x PieDAO?