Proposals

I am proposing that we move our SharkPunks Collection to BTC/Ordinals - have a recreation there. This move would give us the perfect momentum to further our mission of making sharks not only more accessible but also more exciting for people around the world. I believe that this shift would bring tremendous value both financially and strategically for our SharkPunks.

To match the branding with the dao’s name and to make it the official NFT loyalty collection of the dao, I propose to rename Sharkpunks to SharkGeez or something related to’OhGeez’. What do you think?

Motivation L2 wars seem to have already begun and the public release of zkSync will inflame it. So, levx.io is going to expend to L2s as well not only Ethereum. Specification The protocol is designed for multi-chain support and in the beginning, it'll be deployed on 2 chains: Ethereum and zkSync. We'll call zkSync the hub chain. By the way, contracts deployed on two chains are not identical and they have different usages. The hub chain is where GaugeController resides, which means actual voting happens here and it records all the weights of voted users on each NFTs. NFTGaugeFactory will be deployed on multi chains so NFT holders can stake it on their own chain, without moving the assets. Ethereum NFTs will be staked only on Ethereum and zkSync ones only on zkSync, etc. But voting works a little bit differently. Since GaugeController only exists on the hub chain, users vote for a specific NFTGauge on their own chain, then the voting result is automatically sent to the hub chain to finally get recorded on GaugeController. We use LayerZero technology for inter-chain communication. Minter is only on the hub chain as well and new OGZ will only be minted on this chain. For votes happened outside of the hub chain, the rewards(OGZ) will be sent to the voter's wallet on their own chain. VotingEscrow will be deployed on each chain as well so in any chain, you can lock up your OGZ and receive voting power. Even though contracts are separated on different chains, voting power of 1 veOGZ is equivalent in any chain. From whichever chain you are on, if you vote 1 veOGZ then it'll be recorded as the same 1 veOGZ on the hub chain. Expectated Result Voters can save gas to almost 1/100 because voting happens on L2 Users of new NFTs on zkSync can onboarded easily We can ride the waves of zkSync in terms of marketing Conclusion I believe zkSync will be the best choice if we deploy to another L2 and that's why I call it the hub chain so that heavy computation happens there. But if you have other ideas, let me know. We could deploy on Arbitrum, Optimism, BNB chain, Avalanche, Fantom, etc.

Motivation Continuing from the last 'LEVX tokenomics' proposal, I propose to mint some tokens for its IDO on zkSync. By conducting the IDO, we could: Improve our awareness in the soon-to-be-hyped zkSync ecosystem Raise ETH to be used for LPing & DAO oprations(governed by multisig) Boostrap the project by onboarding holders who would use their voting power to earn yield Specification Platform zkSync will release developer alpha in the end of the year and I believe zkSync ecosystem will start exploding since then. Due to the fact that we'll deploy on Ethereum & zkSync in the beginning(which will be covered in the next proposal), I think there's no other choice than conducting the IDO on zkSync. There are three candidates: - Sushiswap MISO: https://app.sushi.com/miso - Mute.io : https://twitter.com/mute_io - SpaceFi: https://twitter.com/spacefi_io We'll choose the best platform that's expected to give us the biggest impact at that moment. Schedule It is flexible due to the development release of zkSync, readiness of the IDO platform, but roughly it'll be early-mid January 2023. Locking up & discount Buyers must lock up their tokens from 10 weeks to 2 years to get veLEVX. Depending on their lock up period, they'll get 0%-50% discount. The discount graph will be a linear one. Amount & Price If the eventual total supply of LEVX is decided to be 300k as suggested in the last proposal, then we'll mint 93k additionally + reuse 7k in the treasury = 100k for the IDO. It'll be an batch auction, with the minimum price between $1-$3, depending on the market sentiment at the time the IDO conducted. I considered a dutch auction as well but it'll work well in a bull market, not in this bearish one. Maximum expected amount of funds will be around $300k, which isn't a great one but is enough for initial operation like LPing the pool, hiring 1-2 more talents, etc. Moreover, 10% of the newly minted LEVX will come into the treasury additionally after the launch. Token Migration Whether the token symbol changes or not in the 'Branding DAO & Token' proposal, new token contract will be deployed that has additional utility functions like permit and snapshots, which are gas consuming but not a problem anymore since our base chain will be L2. It'll be minted on Ethereum but required amounts will be bridged to multi chains starting from zkSync. Previous LEVX holders can swap their tokens 1:1 and veLEVX into the same amount as well. Conclusion Specification could change flexibly at the temparature of the market. If a bull market comes before the IDO, we could sell at a higher price or change the method into an ducth auction. We could mint additional 33k only or even 293k maybe if that's the best way to achieve goals stated in 'Motivation'. Give me some ideas about the IDO and the way to be conducted. Let's build it together.

Motivation The DAO started in October 2021 and the first airdropped token was OH-GEEZ. It was a super successful airdrop and attracted attention from DeFi space(especially sushiswap users). Even without any value captured, people bought tokens and 1 OH-GEEZ value reached $12k once (333 total supply). After that, as a lot of things happened, including me leaving sushiswap, airdropping LEVX and another bear market, I couldn't bring enough value to tokens alone, especially due to lack of development resources. So what happened is there's little motive to still hold LEVX. Now, with the upcoming launch of levx.io , I propose to rebrand the DAO and the token as it was in the beginning, when we were shining the brightest. The purposes of this rebranding is first to refresh the atmosphere and make it more appealing for expected newcomers(from NFT spaces due to levx.io ). Specification Change the DAO's name into OhGeez DAO from LevX DAO Change the website's domain into ohgeez.org , which I just finished registering. Change the token's symbol into OGZ, OHGEEZ or OH-GEEZv2 from LEVX. Revamp the discord server mainly for levx.io from an umbrella of multiple projects. Compensate discord Oh..Geez role members with some veLEVX voting power for each. Conclusion This is the first proposal that I write to bring our DAO to the next level: a social token community to a revenue generating protocol DAO. I believe we'll successfully make the whole crypto/NFT community aware us with this proposal combined with the upcoming 'tokenomics' and 'cross chain levx.io strategy' proposals. Let me know your thoughts below.

Motivation With the upcoming launch of levx.io , we'd need to bring a new tokenomics that'll incentivize those who contribute to the protocol by staking their NFTs or voting for those. Giving rewards is the best onboarding strategy in DeFi/NFT space and we'll do it to create a hype around our platform in NFT space, which is getting bigger and bigger. Specficiation Inflation Since levx.io protocol is a soft fork of Curve finance, we'll follow a similar inflation model. LEVX follows the linear inflation schedule below. The inflation is reduced by 2^(1/4) each year. Each time the inflation reduces, a new mining epoch starts. Current total supply of LEVX is 33,333 tokens, which is 11.111% of the eventual total supply of 300,000 tokens. The initial inflation rate which supports the above inflation schedule is 42,428 LEVX. All of the inflation is distributed to NFT stakers, according to measurements taken by the gauges. During the first year, the approximate inflow into circulating supply is 116.24 LEVX per day. Practically in 33 years 99.999% will be supplied but it'll take 305 years to eventually inflate the whole amount. NFT Gauges Inflation is directed to users who stake NFTs or vote for them within the protocol. This usage is measured via NFTGauge contracts. Each NFT collection has an individual NFT gauge. The GaugeController contract maintains a list of gauges and their types, with the weights of each gauge and type. To measure liquidity over time, the user stakes their NFTs into the NFT gauge. Token rates which the gauge is getting depends on current inflation rate, gauge weight, and gauge type weights. Each NFT receives a share of newly minted LEVX proportional to the amount of veLEVX voted. Among them, 10% of the tokens go to the owner of the NFT and the rest to the voters. Gauge Weight Voting Users can allocate their veLEVX towards one or more NFT gauges by splitting the percentages. Gauges receive a fraction of newly minted LEVX tokens proportional to how much veLEVX the gauge is allocated. Each user with a veLEVX balance can change their preference at any time. When a user applies a new vote, it gets applied at the start of the next epoch week. The weight vote for any one gauge cannot be changed more often than once in 10 days. Treasury Allocation For every newly minted LEVX, additional 10% can be minted for the treasury. Since for initial supply 33,333, 10% won't be allocated for the treasury, the total amount that can be minted for it is 22,424 LEVX. This fund will be used for operating the DAO: hiring new people, conducting marketing campaigns, supporting contributors, etc. Reimbursing LEVX for the dictator Due to the accident that happened to me, he lost all his ETH, ERC-20 assets. For other assets, there's no way to restore them but OH-GEEZ and LEVX could be minted if the DAO agrees to it. The amount of stolen LEVX was 849 and 9.97 OH-GEEZ. Since 1 OH-GEEZ can be converted to 10 LEVX, I propose to mint 849+99.7=948.7 LEVX in total to my address(0x612ef87bfcd858687160294b0effaca0cba342e2). I won't sell those tokens but will add it to the LP to get more voting power(veLEVX). Conclusion Now is the real beginning of the DAO as a protocol, not a social community. I believe we could implant the success DNA of Curve finance into us by introducing this new tokenomics. Details can be changed due to your opinion, so let me know your thoughts.

Any new members or members not currently Oh Geez should be able to claim a Stupid Morty NFT by locking up 69 LevX for 2 years. If you have 69 LevX locked up (approx 690 THANOS), claim any remaining Stupid Morty NFT or spend 3.33 LevX to choose your number. Stupid Mortys should not be given out, airdropped, etc. They need to be claimed by holding THANOS in your wallet and linking your discord account. There could also be a claim if locking in an equitable dollar amount in LPs. Someone else will have to do the math on that.

Not much else to say outside of the title. Snap your fingers, shake your ass and make this shit happen you asshole dick tator tot. Oh geez

Many Old and weak Oh-Geez... didn't claim their Stupid Mortys NFT. With the new implementation of the role, only owner of this NFT will be flagged as Oh-Geez. All the non-claimed/minted Stupid Mortys NFT could be distributed to the non-Oh Geez members of the community. To do so I propose to: 1/ Take a snapshot of the Thanos/LevX holders 2/ Take a snapshot of the Sharkpunks NFT holders 3/ Take a snapshot of the Zero holders 4/ Exclude all the old and weak Oh-Geez who didn't claim (They had few months to do it, they didn't --> They loose their rolls) + Exclude the Legit Oh-Geez 5/ Using a ponderation (TBD) compute a factor based on the 3 snapshots and rank all the members by decreasing holder factor. 6/ Distribute to Top X, X being the number of Stupid Mortys NFT available 7/ Short time to claim, let's say 1 week. If not claim then X+1 holder can claim. Another option could have been by getting the most active users in the Discard/Twitter but imo the method describe above will most likely active members of the community as they have been all kindly rewarded by LevX since the beginning of the year with many distribution of LevX or Sharkpunks NFT. So if they do not have paper hands they should be include in the snapshots.

At least 50% of the extra $ZERO tokens that the dictator has accumulated since his "April fools zm social token experiment" should be airdropped to members of the DAO that hold 1+ $ZERO token AND have LP $LEVX > 1. So basically people with the #😰zero-friend and #🐉mr-nimbus-wants-a-three-way roles. The rest either give away to OG, noisemakers or make people here in the discord do some special Olympics type shit to "try" to become eligible for the airdrop as well.