Those are very good points Chop!
My initial reactions reading these questions:
I am answering assuming the DAO would support d1 being the strategic thing to focus on for now.
Additional floor pools: All NFT assets we bring into NFTX need their own fund with no allowlist. They should in my opinion be the point of most focus an liquidity for now. In the case of axies, they indeed need one.
Naming conventions: Personally, I would go for something called ‘‘the X base fund’’ for D1 funds with no allowlists. So for example, $punkbasic would be called ‘‘PUNK base fund’’. Other ‘‘specific funds’’, that track specific sub-classes like zombies would keep the current naming convention. D2 funds could be called ‘‘broad exposure funds’’ or ‘‘diversified funds’’. For what is currently known as $PUNK, it could be called ‘‘broad PUNK’’, or something like that.
Launching new D2s : I have no opinion so far on that, I think we can keep launching D2s on top of D1s, but they would get a less important % of liquidity than currently.
In general, I would remake the liquidity spreadsheet, but in a way where so-called ‘‘base funds’’ (currently called basic) get most of the liquidity, then special funds like punk-zombie, and D2s, get the rest of the liquidity. For punks, i would re-arrange the liquidity in a way ‘‘punk-basic’’ or the ‘‘punk base fund’’ gets a lot of the liquidity, then the rest is distributed to specific funds and D2.
Farming incentives : I think exactly like you here. We should get things figured out with our own DAO liquidity, re-arrange and launch all of this, and then only when that is ready launching farming IMO. And also farming needs to be launching in a really thoughtful manner, once we have all our pools set up we will see which ones are popular and work well.
Again all I’m saying here is assuming the idea that D1 should have temporary strategic focus from the DAO has consensus. I’m aware that’s still not a given.
On the topic of snapshot votes, I imagine a good way to do a formal proposal would be something like this:
The snapshot and proposal states the general ‘‘new vision’’, and at the same time proposes a re-arrangement of liquidity.
- removal of some liquidity from NFTX-ETH
- new ‘‘liquidity from the DAO’’ spreadsheet, including how much liquidity from the DAO should be spread between PUNK funds and all the new funds. This would include increases and decreases in PUNK and punk basic liquidity, for example.
That would be a very major proposal, so it might be a good idea to have it come from the core team. I don’t mind doing it myself otherwise or with finesse, but it would be such a pivotal proposal that I wonder if it would be better if it came from you or Alex for example. I’m genuinely not sure here, it could be broken down between multiple proposals, too.
Edit : Here’s an example of how an updated for d1 strategy focus ‘‘liquidity provided by the DAO breakdown’’ plan could look like.