Proposals History

proposal #1 (passed)

  • authorizes the multisig to buy and sell floorbirds whenever they deem it necessary

  • advises multisig to buy the first moonbird we can afford

  • advises multisig to close prysm contributions as soon as feasible after purchasing the first moonbird

  • advises multisig to avoid buying moonbirds that are blacklisted on opensea

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proposal #2 (passed)

  • authorizes nesting of Moonbird #8006

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proposal #3 [INVESTMENT SCOPE, 67% needed for passage] (passed)

  • Amends Floorbirds DAO Operating Agreement section 1.1 to include investments in the Proof Ecosystem. 1.1 will now read:

“The purpose of Floorbirds DAO is to invest in Proof Moonbirds and the Proof Ecosystem, with the intent to hold these asset(s) and one day sell for a significant premium.

Floorbirds DAO is structured as an Investment Club and capped at 99 members.”

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proposal #4 [OP AGREEMENT CLEAN-UP, 67% needed for passage] (passed)

-Amends Floorbirds DAO Operating Agreement section 2.1 to read:

“Membership to Floorbirds DAO will be initiated by depositing ETH tokens into the Floorbirds DAO wallet via Prysm at the link provided privately in the Discord channel. This must be done during a designated membership round window, which will be announced in the Floorbirds DAO Discord. Any contributions made to the DAO after the fund is closed, without DAO approval as outlined in Section 2.5, will not be counted toward equity.”

-Amends Floorbirds DAO Operating Agreement section 2.3 to read:

“A minimum contribution of 1 ETH is required to join the DAO. Contributions by a given wallet must not exceed 10 ETH. Any amounts below minimum or exceeding maximum will be refunded in full to the wallet that deposited them, and membership will be revoked.

Deposits made prior to May 1, 2022 are not subject to minimum contribution requirements outlined above, but are subject to maximum contribution requirements.”

-Amends Floorbirds DAO Operating Agreement section 2.5 to read:

“In time, DAO membership may be expanded by allowing new members to deposit ETH. Percent membership for new members will be determined based on net asset value of DAO wallet holdings and a small premium, both agreed upon by the DAO through formal proposal. New membership rounds must be approved by the DAO via proposal.”

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proposal #5 [OPEN ROUND 2, 67% needed for passage] (passed)

-Opens Floorbirds DAO Membership Round 2 with the following conditions:

  1. Total raise: 38 ETH

  2. Pre-money valuation: 46.33 ETH (includes a 6% premium, current MB valued by trait floor at time of proposal)

  3. New members must contribute a minimum of 1 ETH, there is no minimum additional contribution for existing members.

  4. Round 2 will open for contributions from existing DAO members upon passage of this proposal. It will remain open to new members for 48 hours.

  5. Remaining availability at this point will be privately offered to new members who expressed interest through application (beginning with largest ETH contributions). This will last 48 hours.

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