Difference between revisions of "FloorDAO"

== History ==

FloorDAO was announced on December 27th, 2021 over Twitter and on the project's blog.<ref>https://twitter.com/FloorDAO/status/1475524286584659969</ref><ref>https://blog.floor.xyz/floordao-hello-defi-meet-nfts-f16b986ed3b7</ref> To bootstrap the fair launch of FloorDAO, NFTX loaned the project 500 Eth.<ref>https://snapshot.org/#/nftx.eth/proposal/0x0400bc81f2152772510636f8df9762e14abdeaf9751a50a5c035b93d94aa7421</ref> The DAO announced they would fair launch in a Copperlaunch [[liquidity bootstrapping pool]].<ref>https://blog.floor.xyz/floor-tokenomics-66b80adbad27</ref> Accompanying the LBP launch was also a unique mechanism of '''Punk bonding''', where users could bond Crypto Punk NFTs in exchange for Floor tokens. This "staked" Punk would be sent to NFTX to generate yield, creating deeper liquidity and inventory. In addition to this the Punk trading fees accumulated in FloorDAO.<ref>https://blog.floor.xyz/floor-tokenomics-66b80adbad27</ref>