Implementation (optional): [Added if BIP passes]
We invest 10% of our ETH (24.5) into $MVI, the Metaverse Index, from the Index Coop.
This is a proposal suggesting that we put 10% of our capital (24.5 ETH) to work by investing it in $MVI, a market cap weighted index capturing the tokens of top metaverse projects.
The Metaverse Index would give us broad exposure to the metaverse, and let us catch the upside of great work happening in NFTs, Gaming, and other metaverse categories.
We purchase $MVI tokens from Index Coop via one of a few different methods depending on market liquidity, gas, etc at the time, including, but not limited to:
- OTC sale from Index Coop
- Balancer pool, allowing us to DCA into the index
- Minting directly on Set Protocol
We should generate returns for bear holders, otherwise why do we have such a treasury? We can passively invest in $MVI and capture upside from projects like Axie Infinity, Rarible, and Decentraland.
Copyright and related rights waived via CC0.
- 10% treasury into MVI
- 5% treasury into MVI