Life as a FloorDAO Sweeper is one that requires a constantly developing refined taste; Sweepers are cute, they’re punk rock, they’re Crypto Punks, they enjoy fine art (GAN and traditional generative), and they’re always max bidding. Every month or so, that taste is called forth for the FloorDAO Collections Addition Votes, where gFLOOR holders (Sweepers) participate in a weighted vote to determine which collection is added to the FloorDAO Treasury.
How to Vote
- Buy $FLOOR Tokens on Uniswap (Contract: 0xf59257E961883636290411c11ec5Ae622d19455e)
- Stake your $FLOOR Tokens on the FloorDAO website before the Snapshot is taken on February 1, 2023 at 2PM EST. (Floor.xyz/Stake)
- Vote on the FloorDAO website or official Snapshot (Floor.xyz/Vote)
What is FloorDAO?
FloorDAO is an NFT-Fi (NFTs + DeFi) protocol utilizing various protocols to stack yield generated from its treasury of bluechip NFT collections. The DAO regularly votes on which collections to accumulate — 2022 saw the addition of 8 NFT collections to the treasury.
Learn more about how we work with different DeFi/NFT-Fi protocols:
FloorDAO x Euler
FloorDAO x nftperp
FloorDAO x Hidden Hand
FloorDAO’s 2022 in Review
What is a “Floor War” / “Collections Addition Vote”?
Originally held every month, “Floor Wars” are FloorDAO’s way of determining which collections are added to the Treasury. The process is fairly simple:
- 5–10 collections are chosen as eligible by the community
- A date is selected for the official Snapshot vote to go live
- gFLOOR holders (Sweepers) vote for which collection they believe would be best fit for the FloorDAO Treasury
- At the end of the 5 day voting period, the collection with the most votes is the “winner” and is now eligible for a “sweep” by the FloorDAO Treasury Team
- We won’t share details on how the “sweep” will work, no matter which collection wins. This is because we want to limit frontrunning as much as possible.
Bribery as a Profession: Enter Hidden Hand
FloorDAO votes are valuable — each gFLOOR token is valued at about $12 (as of Jan. 31 2023). Hidden Hand is a permissionless bribes marketplace specifically build to support bribes from protocols. With Hidden Hand, Sweepers can use their gFLOOR tokens to vote on NFT projects and receive a percentage amount of the bribe that the project has given for votes. Anyone can add a reward to those that vote for a specific collection (bribing), when the vote ends the reward is split between all voters pro-rata. Learn more about Hidden Hand here.
That’s . . . Just about everything you need to know about FloorDAO ahead of the Floor War on February 1, 2023! Happy voting, and may the best collection win!
