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How the unlimited sesh fund works
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🍃 The Unlimited Sesh Fund

blunts.wtf

blunts.wtf: BluntDAO's unlimited sesh fund

Objectives

  • Make sure blunts get smoked
  • Create a self sustaining treasury for unlimited joints, blunts, other stick based items based on NFT ownership
  • Give incentives for people to onboard others via Proof of Sesh
  • Build brand, gain revenue with other partnerships
  • Bleed into culture everyday culture
  • Create something iconic like hoggles (high noggles) and proliferate that brand

How It Works

Everyday a new OUNCE is auctioned off on BASE using ETH. All that money goes to thre treasury to fund IRL (in real life) seshes and to expand the BluntDAO open source brand. In order to submit a proposal on-chain you must have 0.1% of supply (so 1 NFT until there is 1000+ NFTs ~ 2.5 years). If you do not have this rally a proposal (instructions here)

1/4.20 of the OUNCES go towards the OG Validator shortlist based on retroactive contributions. People from the original BluntDAO who have done significant work.

{% content-ref url="bidding-on-the-collection.md" %} bidding-on-the-collection.md {% endcontent-ref %}

For the full settings go to https://bluntdao.org/fund-settings

  • If through nouns.build then 2.5% goes to Zora's Builder DAO. Reccomend use blunts.wtf app
  • Duration: How long an auction runs for: 1 day
  • Reserve Price: Minimum bid amount required to start an auction. 0.021 ETH around ($60+ depending on price of Eth)
  • Proposal Threshold: Min percent of total votes (NFTs) balance needed to put a proposal to a vote.: 0.1%
  • Quorum Threshold: Min percent of total For votes (NFTs) required for a proposal to pass. 10% required. Example, if a proposal does not get 10% of NFT holders by the end of proposal, proposal will fail.

Additionally votes can be delegated to other accounts to streamline active voting.

Treasury Management

{% hint style="info" %} Best practice to keep treasury alive {% endhint %}

AmountReason
45%Fund localize IRL seshes
30%In treasury for runway
15%Tech innovation
5%Operation and coordination
5%Art, culture, products

{% content-ref url="secondary-sales.md" %} secondary-sales.md {% endcontent-ref %}

{% content-ref url="voting-on-proposal.md" %} voting-on-proposal.md {% endcontent-ref %}

{% content-ref url="putting-in-a-proposal.md" %} putting-in-a-proposal.md {% endcontent-ref %}

FAQs

What about secondary marketplaces

This is more for governance however, these can be sold on secondary marketplaces. More info here

What if I can't get funds to request a sesh?

Just rally members and they will put proposal on your behalf

If I am an OG validator for Proof of Sesh does this mean I can vote on the OUNCE fund?

No. Although you do have prioritiy access to the founders allocation on the OUNCE fund and preference for getting proposals passed.