Summary

Amend TIP-42 to confirm the Bridgeworld (BW) emission reallocation and snapshot date by either:

1. Halting MAGIC emissions through Harvesters and taking the BW snapshot on Monday August 26; or;
2. Reallocating 200,000 MAGIC per month back to BW Harvesters and maintain MAGIC emissions as a stop gap measure with a flexible end and snapshot date coinciding with the launch of EigenDA chain staking on Treasure mainnet.

In either case, all other parameters of the original TIP-42 will not be impacted and will continue to take place on Monday, August 26. For the avoidance of doubt:

• Reallocate Bridgeworld emissions towards Treasure Chain DA emissions totalling 1.55mil MAGIC per year, with 3 mil MAGIC (less any MAGIC reallocated if (2) is selected) retained for Bridgeworld v2 (out of approximately 10 mil remaining emissions) and the excess going to the DAO treasury for future infrastructure emissions.
• Close BW v1 gameplay loops (Questing, Crafting, Corruption, Corruption Crypts)
• Scrap the yearly halving schedule and institute terminal inflation beginning in Y8 (in four years).
• Sunset TIP-08.
• Maintain the transition plan to BW v2 (Conversion Points and Seekers).
• Update gMAGIC calculation for governance voting power.

Read Full Proposal

👉 See the proposal on the TreasureDAO governance forum

Voting Eligibility

The following holders of MAGIC can vote:

• (A) Stakers in the Harvesters or the TreasureDAO Governance Staking contract, and holders of MAGIC-ETH SLP on Arbitrum One.
• (B) Holders of all listed Magicswap LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool.

gMAGIC will be calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount)