Re: The Movement DAO | Fully Decentralized Organization | Borderless Collaboration
⭐ Merited by vinipoars (1)
Hello,
I just wanted to drop a quick update as things always seem so scattered.
At the moment, working to get MVT added to ZapperFi. MDT will have to wait as there isn't enough liquidity to be tracked. Please visit the Zapper Forum and create an account to vote.
The NFT airdrop project is on hold a bit. I've received the commissioned art piece and have the framework about ready to deploy, but gas prices and deployment costs are a bit much right now. If you'd like to see you made the cut for these NFT's, the list is Here.
The Greenpoint contract seems to be stable. We've tested each process in the contract with live funds and I'm happy with the outcome. The DAO's multi-sig wallet, accessible only to MDT holders is the account that is able to withdraw from the contract. Using Frame.sh I was able to test that function and it worked great. A truly decentralized dao fundraising mechanism for the Greenpoint Sphere.
If you haven't purchased ACRE yet, visit Acre.Holdings or dive into the docs. ETH buys ACRE, ACRE converts to TOTEM, TOTEM earns MVT, the Greenpoint contract and Uniswap markets buy MVT for ETH. Convert back and forth from TOTEM to ACRE depending on earning potential. At the moment, the contract will buy at 0.0002 ETH per MVT. The next increase will be 0.00060 ETH Jun-13-2022. Fiddling with updated UI to provide more info for the entire process but overview for dao controlled funds goes something like this.
Eventually creating its own feedback loop of value.
If you'd like help or contribute in another way please reach out! If we can raise the ETH, we can change the world.
DISCORD
gumshed
p.s. Thanks for that
I just wanted to drop a quick update as things always seem so scattered.
At the moment, working to get MVT added to ZapperFi. MDT will have to wait as there isn't enough liquidity to be tracked. Please visit the Zapper Forum and create an account to vote.
The NFT airdrop project is on hold a bit. I've received the commissioned art piece and have the framework about ready to deploy, but gas prices and deployment costs are a bit much right now. If you'd like to see you made the cut for these NFT's, the list is Here.
The Greenpoint contract seems to be stable. We've tested each process in the contract with live funds and I'm happy with the outcome. The DAO's multi-sig wallet, accessible only to MDT holders is the account that is able to withdraw from the contract. Using Frame.sh I was able to test that function and it worked great. A truly decentralized dao fundraising mechanism for the Greenpoint Sphere.
If you haven't purchased ACRE yet, visit Acre.Holdings or dive into the docs. ETH buys ACRE, ACRE converts to TOTEM, TOTEM earns MVT, the Greenpoint contract and Uniswap markets buy MVT for ETH. Convert back and forth from TOTEM to ACRE depending on earning potential. At the moment, the contract will buy at 0.0002 ETH per MVT. The next increase will be 0.00060 ETH Jun-13-2022. Fiddling with updated UI to provide more info for the entire process but overview for dao controlled funds goes something like this.
- ACRE is purchased adding funds to GLR pot controlled by the DAO
- Multi-sig wallet withdraws generated ETH
- A Collateralized Debt Position (CDP) is opened generated DAI
- DAI is transferred to Greenpoint Land Reserves
- Taxes are paid by Greenpoint
- Greenpoint Land Reserves purchases land
- Transfer Land Title into Land Trust controlled by the DAO
- Greenpoint develops revenue streams on land
- Greenpoint pays back CDP and unlocks ETH
- ETH is deposited into ETH2 Staking Nodes on-site
- ETH2 Staking Nodes will piggyback on hardware built for ATLAS (Obelus Private Ethereum Chain)
- Staking rewards paid to ACRE holders (-minus land tax fund)
- ACRE holders also earn from Oracle contract
Eventually creating its own feedback loop of value.
If you'd like help or contribute in another way please reach out! If we can raise the ETH, we can change the world.
DISCORD
gumshed
p.s. Thanks for that