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The Haberdashery

@thehaberdashery

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Voting for the 'Treasury Management Proposal' is now live once again! Voting will be on for the next 72 hours ๐ŸŽฉ TLDR: This proposal outlines a plan for the allocation and diversification of the DegenDAO treasury. By diversifying its holdings and strategically allocating funds, the aim is to enhance the stability, growth, and long-term value of DegenDAO. Goal: To create a robust financial foundation that supports the Degen and Farcaster ecosystem, enhances value for the community, and positions DegenDAO as the most capitalized network on Farcaster. Proposed Allocation: ๐ŸŽฉ Admin & Operations Fund: 5% of the treasury ๐ŸŽฉ Marketing & Comms Fund: 5% of the treasury ๐ŸŽฉ Grants Fund: 10% of the treasury ๐ŸŽฉ Investment Fund: 50% of the treasury ๐ŸŽฉ Reserves: 23% of the treasury ๐ŸŽฉ Purp's Allocation: 7% of the treasury https://frame.vote/vOKtGE82
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New Proposal Update: Degen & Morpho Proposal TLDR: Morpho Blue, a lending protocol, aims to increase DeFi utility for DEGEN by incentivizing degenUSDC deposits and depositing DEGEN in mDEGEN vaults. This proposal seeks to unlock more value and DeFi use cases for the DEGEN ecosystem. Goal: Enhance the DeFi utility and use cases for DEGEN holders by: - Incentivizing degenUSDC deposits to provide liquidity and earn rewards. - Depositing DEGEN in mDEGEN vaults to earn yield and create a deep borrowing market. Ask: - degenUSDC vault deposit: 4M $DEGEN allocation over 3 months with a vault cap of $500k. - mDEGEN vault deposit: 10M $DEGEN deposited in mDEGEN for 1 year, with the option to withdraw anytime. Impact on Ecosystem Growth: - Expands liquidity and DeFI integration of DEGEN across ecosystems. - Increases utility, yield and attractiveness of DEGEN within the Base ecosystem. - Exposes users to Morpho, a fast-growing permissionless lending market. - Boosts community engagement and DEGEN earnings.
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The proposal to fund 'Based House' by @callusfbi has officially passed! We're excited to support the @callusfbi team in building one of the first IRL spaces for @base & @farcaster builders & creatorsโœ… The proposal will help kick-start the initial development of Based House. Here are the details: โœ… The goal of Based House is to create the first IRL space in India focused on builders & creators building on @base & @farcaster. โœ… The team will focus on using the funds to cater to onchain events, meetups, hackathons, builds, and other initiatives possible in the physical space. โœ… The DAO will be distributing $17,000 worth of $DEGEN, approximately 1.947M $DEGEN to support this initiative ๐Ÿค๐Ÿผ โœ… This will help significantly onboard more builders into the Base, Farcaster & Degen ecosystem and build greater awareness amongst the community. Weโ€™re excited to see how this progresses!
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