lucaspon

@lucaspon

Joined on Aug 16, 2021

  • Context Given the oversized interest in the buyback recently approved as part of the Fingerprints 2.0 plan, this proposal aims to increase the cap stated on the original proposal. Proposal To increase the buyback's ETH cap to accomodate a full buyback of all small holders that stated their interest in the buyback form within the valid submission window — currently at an approximate total of 152ETH, subject to changing valuations as per the shared calculation sheets¹; To increase the buyback's Autoglyph redemption cap from 7 to 8 pieces. ¹Calculation sheets: https://docs.google.com/spreadsheets/d/1SKEs5cRnW33uEwdqdDnvvf8HpME-QzGc_rqpcX7l3_I/edit?gid=1806857657#gid=1806857657
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  • Context The recent turnaround in ETH markets and observed difference between market prices and NAV-driven valuation have made buybacks more attractive to the DAO. Proposal Make up to 100ETH from our vault available to execute Voxelglyph buybacks; Allow buybacks to be made up to the NAV price considering the "Midpoints" valuation method of the Fingerprints collection, published by the NAV spreadsheet daily; Allow buybacks to be made for up to 180 days from the date of approval of this proposal.
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  • Value Proposition Benefits curation radar 20% discount in all studio drops free airdrops from all community drops special content* Cost
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  • Context The current website has been designed and developed by members lucaspon and Arod without assistance from professional designers. This proposal aims to improve the website by redoing its front-end. Proposal Hire website design agency MARKS to deliver a redesigned main website for Fingerprints (under https://fingerprintsdao.xyz) according to the following terms:Deliverables:Pages: Home, About, Collection, Studio, News, Curation, Join Development aligned with provided design references Custom content management panel Use of Elementor PRO for WordPress
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  • Context The current liquidity pool managed by the DAO on Uniswap is running low on ETH and needs to be replenished. Proposal Send an additional 30ETH to be used to replenish the existing Uniswap pool for $PRINTS or place collection offers on Voxelglyphs; Allow pool purchases to be made for up to the membership price calculated on the public NAV spreadsheet through the top bid valuation method, to be updated weekly if price variation is larger than 15%.
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  • Context This proposal is included in the context of RAW DAO's dissolution that can be followed in recently approved proposals. Proposal Proceed with the liquidation of pieces currently held in RAW DAO's treasury through open listing in NFT marketplaces such as Opensea or Blur.io; Do so by listing them at the existing floor and steadily decreasing prices until sales are made at the highest price possible; Once the process is complete, distribute all proceeds and $PRINTS tokens on the vault to $RAW holders proportionate to their holdings.
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  • Proposal The following services will be provided to the DAO on an ongoing basis: maintenance of daily NAV calculation spreadsheet quarterly P&L accounting (including studio) vault management liquidity pool/buyback management payroll accounts payable (subscriptions, payment for apps, taxes) splitter deployment & management
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  • Proposal The following services will be provided to the studio working group on a per-project basis: Formulation of project positioning and storytelling Copywritting and posting of the following contents:Email marketing Twitter threads Communities outreach blurb FP website copy FP Discord announcements
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  • Context Given recent below-NAV trading for the $PRINTS token it has become consistently profitable for Fingerprints (or anyone) to purchase its own token. However, there isn't a pre-established buyback system in place, forcing each buyback to occur in an unpredictable and costly ad-hoc manner. This proposal seeks to establish guidelines to allow buyback actions from the DAO, resolving many issues currently keeping the market price of $PRINTS below its otherwise fair value, which are detailed in the further reading section. Proposal Allow buybacks to be constantly made by the staff up to the $PRINTS price at the NAV which values the collection through the "highest current bid with tier premiums" method; Publish daily updates of the current NAV calculation through the above method;
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  • Context Given recent below-NAV trading for the $PRINTS token it has become consistently profitable for Fingerprints (or anyone) to purchase its own token. However, there isn't a pre-established buyback system in place, forcing each buyback to occur in an unpredictable and costly ad-hoc manner. This proposal seeks to establish objective guidelines to trigger buyback actions from the DAO, resolving many issues currently keeping the market price of $PRINTS below its otherwise fair value, which are detailed in the further reading section. Proposal Develop a buyback smart contract that: a. takes in ETH from Fingerprints' treasury
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  • Whenever $PRINTS are mentioned in this document, Voxelglyphs are understood to be included. When should it be in the interest of the DAO to repurchase its own token? It stands to reason that whenever there are people willing to sell tokens at a price below the market value of the underlying assets (minus its liabilities), divided by the total number of outstanding tokens, the DAO (or any investor) should be willing to purchase them. Thus, if: $$Price\ per\ $PRINTS < \frac{Net\ Asset\ Value}{$PRINTS\ Outstanding}$$ then a buyback (or any purchase) is worthwhile.
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  • Context Recent macroeconomic conditions have led to a slowdown in NFT trading and demand, promoting a strong flight to quality in art markets such as the NFT photography market. RAW assembled a precious and diverse collection of NFT photography in the last 12 months, including many of the canonical collections available in the space. In light of this context, we're proposing to halt acquisitions to preserve capital while we observe the evolution of demand for art NFTs. Since the curatorial activity is the only ongoing work in the DAO, this will also entail halting compensation efforts for the time being. Proposal The proposal consists of the following measures:
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  • Context This proposal updates Fingerprints organizational design, simplifying its structure through the introduction of the Working Group Framework. Working Groups will become the basic unit for organizing and dividing work within the DAO, to be proposed directly by Fingerprints members. The new model aims to achieve the following effects: grant more freedom and flexibility for working members to self-organize; improve the competitiveness of Fingerprints when seeking to attract and retain talent; reduce the frequency of DAO-wide voting for daily expenses and other work-related affairs;
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  • Context This document aims to give structure to and formalize the DAO's internal organizational design, that is, how we intend to organize our people and resources around the main activities needed to support and fulfill the DAO's mission. This is intended to be a flexible document, ever evolving and adapting to the dynamic environment and to members' feedback and discussions on the matter. Key concepts in this document Organization: group of people with a common objective Organizational strategy: how the people intend to achieve their objective Organizational design: combination of formal and informal dimensions of an organization (a.k.a organizational architecture). - Formal aspects include the organizational structure, performance measures and incentives.
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  • Context This document presents a compensation model proposal for RAW DAO, designed to preserve decentralization and honor the goals outlined in its organizational design document. The proposal is divided between two sections: short-term and long-term: Short-term compensation aims to address the issue of funding the basic operations of the DAO in a more immediate time-frame, and provide opportunity for newcomers to be integrated and quickly rewarded for their work. Long-term compensation aims to compensate members for continued and valuable presence and contribution to our community, rewarding those who take responsibility for important work and make themselves continuously present and available to the community. This is critical for retaining talent. Proposal Short-Term Compensation
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  • Long-term Strategy Market Analysis Web3.0 has proven to be a fertile environment for the development of novel contemporary art markets, as observable through the rise of NFTs, opensea and large capital flows. Traditional art institutions aren't present in these new markets, which has rapidly been swamped by a large inflow of low-quality art driven by the headlines of large transactions and the illusion of easy money. The role these institutions play in branding, curation and quality-signaling, has thus made itself very pressing. The vaccuum of institutions and brands filling these "lighthouse" roles properly (which are always necessary in open, high throughput art markets) presents an opportunity, and the NFT photography market is a particular example of this. Strategy
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  • Context One of the main goals of RAW DAO is to curate the world's best collection of photography. In order to achieve this goal, it is necessary to have a reliable curatorial process that consistently produces good acquisition decisions. We already have a traditional, committee-based curatorial process in place. In the spirit of Web 3.0 and decentralization, we'd like to explore a broader and more democratic curatorial model, which could eventually dethrone the traditional model, while engaging more members and building a stronger community. There are many challenges and obstacles to overcome in such a model, such as conflicts of interests, frontrunning, assuring fairness, maintaining decision quality and cohesion, as well as many operational hurdles. Achieving this vision would mean succesfully pioneering a new model for global, collaborative and decentralized curation — a major achievement both from a cultural, democratic and organizational point-of-view. A stronger and more engaged community with a better collection should come along as results of this achievement.
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  • Intro RAW is a DAO conceived to act in NFT photography upon noticing the absence and the need of a curatorial organization in this newly developing space. This document will specify the desired end-state of the organization and draft a plan to attempt to bring about this vision. Vision The vision statement is composed of core values, purpose and mission (or BHAG = big, hairy, audacious goal). RAW’s vision is intimately aligned with Fingerprints and all future incubated organizations. The BHAG is what differentiates them.
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  • Context We have just completed the tenure of our first curation committee, during which we were able to observe and extract many useful lessons to improve on future iterations. The intent of this proposal is to capitalize on these lessons and improve the internal workings of our future curation committees through a series of simple rules. Proposal Formation and Succession The curation committee shall be iterative, with its tenure, composition and budget to be specified in dedicated committee-formation proposals; Nominees must fill a dedicated form making the case for their admission to the committee, and state all potential conflicts of interest;
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  • This document presents a compensation model proposal for FingerprintsDAO, designed to preserve decentralization and honor the goals outlined in its organizational design document. Mutual Compensation Model The proposed steps in the flow of compensation for member contribution are as follows: Each area of the DAO shall have its general activities and responsibilities predetermined (refer to https://hackmd.io/@lucaspon/r1iCzrdlF); Key Performance Indicators (KPIs) are chosen and agreed upon as a way to measure the performance of each area; A compensation period is chosen as the time-window in which the compensation effort will occur (e.g. Monthly); At the start of each period, the community approves a compensation budget to each area of the DAO, with a split between fixed and performance-based compensation for each area (e.g. 60% fixed, 40% performance-based); Work happens;
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