The Floor Wars Returned
Collections Addition #8 was held on February 1–5 and 222k gFloor votes were cast, with Redacted Remilio Babies winning with 66.58% of the votes.
In partnership with Hidden Hand, a Bribe Market launched alongside Collections Addition #8. Voters saw $27,673 USD paid out in bribes, between $.09–14 cents per gFloor bribed.
Yield Generated: February 2023
FloorDAO earned 13.71 ETH ($22,635 USD) in yield from the treasury’s NFTX vault positions during the month of February.
In addition, FloorDAO sold 9 MAYC in February as a result of this community-led snapshot vote, generating 133.01 ETH ($211,861 USD) for the treasury.
nftperp Token Swap
As part of FloorDAO’s long-term partnership with nftperp, a token swap was completed on February 21: FloorDAO received 5,882,352 vNFTP tokens and sent 17,139.23 FLOOR to nftperp.
Learn more about FloorDAO’s long-term partnership with nftperp: https://twitter.com/FloorDAO/status/1599117209707872257?s=20
Remilio “Sweeper Pool”
FloorDAO, in partnership with Fjord, NFTX, and Balancer launched a new, experimental way to sweep NFT collections: an inverse Liquidity Bootstrapping Pool (LBP) aka “Sweeper Pool.”
The “Sweeper Pool” was used by FloorDAO to sweep Redacted Remilio Babies and FloorDAO targeted a 15 ETH sweep over 2 weeks (February 15-March 1).
Learn more about how “Sweeper Pools’ work and the incentive to use them: https://twitter.com/FloorDAO/status/1625933319387979776?s=20
Treasury Moves
Charm Finance: FloorDAO deployed its first Uniswap V3 concentrated liquidity vault for Milady leveraging Charm Finance Alpha Pro.
Caviar: FloorDAO seeded Milady liquidity to help launch Caviar’s “Mid-Tier” Milady pool. Now you can trade & earn yield on non-floor Miladys.
Papr.wtf: FloorDAO deposited 6 Wizards into newly-launched Papr.wtf to explore the yield-earning possibilities. https://twitter.com/FloorDAO/status/1629193704941531138?s=20
NFTX Vault (Milady): FloorDAO proposed lower fees for the Milady vault which was approved by NFTX voters and implemented in early February. https://twitter.com/FloorDAO/status/1623479830514728960
Liquidity Added (bgan): FloorDAO swept 25 bgans, paired with 4.8 ETH, and LP’d in the bgan NFTX vault.
Gauge Votes #4–7: FloorDAO added 8,257 $FLOOR to the treasury and collected 1.273 ETH in fees, per the results of the prior 4 gauge votes.
V2 Work Continues
Changelog: February 2 https://twitter.com/FloorDAO/status/1621293415236354048?s=20
Changelog: February 16 https://twitter.com/FloorDAO/status/1626250393729605635?s=20
Changelog: February 25 https://twitter.com/FloorDAO/status/1629542744816246785?s=20
Gauge Vote #8
As a preview to V2, FloorDAO launched Gauge Votes in 2022 which allows for the DAO to vote on how to direct yield — whether to buyback $FLOOR, sweep existing collections, or continue to compound yield back to its respective collection.
Gauge Vote #8 was held on February 23–27 and the 2-week yield period will end on March 13. The vote is held on a weighted voting system and the results are posted below:
What Is Next for FloorDAO?
FloorDAO will continue to explore new yield-generating strategies for its treasury and the core team is actively working on V2 of the protocol, scheduled to launch in 2023.
