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# System prepended metadata

title: Regenerative Shaman NFT
tags: [Universe Guide, Gitcoin Graphic Novel]

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###### tags: `Universe Guide` `Gitcoin Graphic Novel`
---
# Regenerative Shaman NFT

### What is a Regen NFT?
- 100% of the minting, sales, proceeds, and royalties support public goods.
- This recipe is baked-in to the NFT mechanics, no management required. *Set it and forget it.*
- Variables can be programmed to suit a variety of use cases.

![](https://i.imgur.com/8h9JGOs.jpg)

#### Basic Mechanics
- Proceeds from sales can be distributed across different public goods entities. Some examples:
    - 30% devs, 30% artist, 30% public goods DAO, 10% public goods grants
    - 50% public goods DAO/grants, 50% artist
    - 100% public DAO or grants
- The DAO will receive funds to a Shaman (minion vault with admin perms) to actively manage the funds.
- This consists of a combo of regen DAO treasury management and yield earning positions.
- The yield/emissions of this position can be used in a variety of ways. For example:
    - Sent back to the PG DAO to disperse as grants (the model MC is currently exploring)
    - Provide deep liquidity for a native token (GTC, RAID, HAUS, etc.)
    - Split between PG entities and artists/devs involved in the project to bootstrap future work
    - Compounded back into the treasury to increase the yields

#### Treasury Management Stack Variables
- A combo of conservative/safe and high-yield/risky positions. For example:
    - High/low-risk LP positions, staking ETH2, AAVE/Compound/similar, Index Coop automated positions, etc.
- Each position comes with a variety of **risks**. For example:
    - Impermanent loss, market volatility, liquidation, lack of exposure to positive upside if holding stables, smart contract risk (always)
- A combo of the above might be projected for different use cases. For example:
    - High-yield/high-risk positions to maximize short-term gains for immediate funding of time sensitive projects
    - Low-yield/low-risk positions to maximize long-term stability, provide deep/stable token liquidity, hedge market volatility, and disperse yield in regular intervals for sustainable ops

#### Additional Add-on Mechanics
- Quadratic voting 
    - integration for determining where yields are sent
    - management of treasury positions
- Yeeter integration 
    - [distribute Loot Shares to NFT minter, DAOgroni style](https://daogroni.daohaus.club/)
    - transferrable shares for NFT buyer (Snapshot voting is bound to the NFT)
    - transferrable Baal (Moloch v3) Membership Shares (on-chain DAO voting privleges bound to the NFT)
- Automatic Shaman proposal flow to the DAO for ratifying changes to the NFT mechanics. For example:
    - encourage active position management (for risky, time-sensitive positions)
    - change the recipients of the proceeds
- Other integrations?

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### Four Use Cases
#### Art Exhibition
- Standard cut is 30% to gallery (non-profit art collective), 70% to artist
- For the NFT, 100% of the proceeds will be deposited into a Shaman/minion on the gallery DAO
- Proceeds will facillitate sustainable ops for the gallery and serve as "royalties" for the artist over a period of time, even if the NFT changes hands
- Additional benefits: 
    - introduces regen (non-extractive) relations between trad art world and the Web3-DAO ecosystem
    - crypto pills a bunch of artists to think about NFTs in a less degen manner
    - liberates a non-profit gallery from relying upon art sales
    - introduces regen mechanics for the gallery to collectively manage and generate yield on their existing trad grants

#### RaidGuild (Origin Stories RIP)
- [Builds upon an earlier sketch](https://hackmd.io/@TravisWyche/S1zK92aTt)
- PFP NFT is minted to encourage RG member participation in the interviews
- % to RG DAO treasury (tribute), % to artist, % to Origin Stories RIP minion to sustain the initiative
    - RIP is no longer reliant upon the DAO for funding, on the contrary...
    - RIP actually generates revenue and an NFT marketplace for the DAO
    - Sets a precedent for Regen RIPs to scale in relation to their generated yield
- Requires RAID to mint

#### Gitcoin Pluriverse Guide
- [Adds a missing element to a work-in-progress DAO template](https://hackmd.io/@TravisWyche/HyKqGWHOq)
- An alternative to Gitcoin burning funds to pay contributors to make comic art and lore (which is difficult to justify in clear economic KPIs and OKRs)
- DAO operators will mint the contributor asset as a regen NFT on their behalf (or guide them to the necessary resources)
- % to Gitcoin public goods grants pool, % to the Gitcoin Pluriverse DAO, % to the contributor (as royalties and attribution)
- Requires GTC to mint

#### DAOhaus
- Builds upon a [HPL>Uberhaus NFT idea](https://hackmd.io/@daohaus/Hy_4sXVvq) and an earlier ["Conga Line" (POAP-style) NFT distribution idea](https://hackmd.io/@daohaus/rJH7zy7U9)
- Can be used to encourage participation at events like Haus Party Live, Camp Fire, DAOhaus Diaries, etc:
    - Instead of distributing POAPS, we mint NFTs of the same artwork
- % to DH Shaman for testing/experimenting/bootstrapping regen treasury management, % returned to minter (to refund their purchase and make the NFT free), % to HAUS/ETH LP (adds to token stability)
- Potential add-ons (covered in more detail in the above docs):
    - distributing Loot Shares (DAOgroni style)
    - encouraging return engagement/participation in events
    - incentivizing participation in Uberhaus governance
- Might serve as a new primitive public good for the whole ecosystem
- Requires HAUS to mint