One small step for GOB DAO, one giant step for Goon-kind! The first, exciting, vote of the GOB DAO has concluded, and two great options were up for debate, for Proposal #1.

The proposal sought to establish if the entry condition for GOB DAO rewards would be Goon NFTs held or $GOB tokens held. In either option, the GOB DAO yield itself would be factored off of the number of tokens held. Neither option would affect voting power, with 1 $GOB equalling 1 vote.

Now that it’s been decided that $GOB token balances will be used as DAO Tier Access Conditions, let’s review how the reward basket will work, starting with some minor changes to the $CHUNKS tax model.

Let’s take a step back and re-examine the $CHUNKS tax model - a 10% tax on token buying and selling activities. In this model, the portion going to Operations/Marketing is 3% on buys and 3% on sales, with GOB DAO collecting 2%/2% (buy/sell), and finally, Goon NFTs receiving 1%/1% reflection fees in $CHUNKS tokens.

After discussing with advisors and industry experts, it was suggested that we reduce our tax model to 8% (buy/sell). We also received recommendations to increase the Auto LP replenishment and burn categories, on sales, to mitigate the depletion of the Liquidity Pool (LP), during times of selling pressure, while also focusing on rewarding more, during times of token buying demand.

The new tax model is 8%/8% and will work as follows:

As shown in the DAO Treasury graphic, participants of the GOB ecosystem get access to multiple reward sources. However, on top of this, Goon NFT holders earn an exclusive 1/1 portion of the $CHUNKS tax.

With the current model, holders will be able to earn rewards in 3 different ways:

1. Goon NFT holder: 1/1 tax in $CHUNKS

2. Tiered $GOB holder: half of DAO Treasury in the yield basket, paid out in $GOB and $ARB

3. $CHUNKS holder: 1/1 reflection in $CHUNKS

This model takes care of the entire ecosystem, gives back to our loyal OG holders and creates less barriers for new participants to participate in the DAO.

The entire basket is split between $GOB holders and $yGOB holders, where 50% of the basket is allocated to tiered $GOB holders and the other 50% is routed to $yGOB holders (a burn derivative of $GOB to unlock higher yield without any tier access conditions).

A minimum of 10,000 $GOB is required to unlock the 1st tier. Balances with less than 10k $GOB do not qualify for the rewards basket. To aid in the understanding of tiers, we refer to the 50% of the basket allocated to $GOB holders as “the half”.

• Tier 1: 10,000 - 49,999 $GOB - 10% of the half

• Tier 2: 50,000 - 99,999 $GOB - 20% of the half

• Tier 3: 100,000 - 199,000 $GOB - 30% of the half

• Tier 4: 200,000+ $GOB - 40% of the half

The process here is simple - burn $GOB to get $yGOB. That’s it.

Imagine there are 250,000 $yGOB tokens circulating as a result of people burning their $GOB tokens. In the case that 10 people were each responsible for burning 25,000 tokens, they would be eligible to receive 10% of the $yGOB rewards pool, which is 50% of the entire yield basket!

Scenario: GOB DAO Treasury collects $30,000 from taxes.

• $15,000 - to the foundation for marketing and operations

• $7,500 - used to buyback $GOB from the market and dropped into the basket

• $7,500 - used for investment opportunities which are proposed to DAO by the foundation. DAO votes.

Breakdown of the $7,500 investment portion:

• $7,500 is used to invest and generates a 2x return; DAO votes to have the profits taken

  • Principal amount of $7,500 is returned to the DAO for further investment opportunities

• Profit amount of $7,500 is routed in 2 directions:

  • $3,750 is used to buy back $ARB and is dropped into the yield basket

  • $3,750 goes to the foundation for marketing/operations

The total rewards basket now has $7,500 in GOB and $3,750 in ARB. For simplicity’s sake, let’s imagine that means $11,250 in USDT.

This $11,250 is split between the tiered $GOB holders and $yGOB holders:

• Tiered $GOB holders own $5,625 of the balance

• $yGOB holders own $5,625 of the balance

The first $5,625 is split among tiered GOB holders - 10%, 20%, 30%, 40% of the balance and divided by the number of members in each tier.

The second $5,625 is split among all $yGOB holders equally. For instance, if 10 participants decided to burn their $GOB for $yGOB, then only 10 people would split the entire amount among themselves.

Practical examples aside, we’d again like to celebrate the first successful adoption of a DAO proposal. It is important to highlight the fact that this is merely the DAO’s first steps, into self-governance. Both options were proposed by the team and would have beneficial impacts on the ecosystem. The next phase of DAO governance will be enhanced education on Snapshot and voting mechanics, by the team, education on proposal requirements, and finally, the discussion and voting in of proposals submitted by the DAO community. Exciting times lay ahead for GOB DAO and the Goons of Balatroon project, as a whole!

One small step for GOB DAO, one giant step for Goon-kind! The first, exciting, vote of the GOB DAO has concluded, and two great options were up for debate, for Proposal #1.

The proposal sought to establish if the entry condition for GOB DAO rewards would be Goon NFTs held or $GOB tokens held. In either option, the GOB DAO yield itself would be factored off of the number of tokens held. Neither option would affect voting power, with 1 $GOB equalling 1 vote.

Now that it’s been decided that $GOB token balances will be used as DAO Tier Access Conditions, let’s review how the reward basket will work, starting with some minor changes to the $CHUNKS tax model.

Let’s take a step back and re-examine the $CHUNKS tax model - a 10% tax on token buying and selling activities. In this model, the portion going to Operations/Marketing is 3% on buys and 3% on sales, with GOB DAO collecting 2%/2% (buy/sell), and finally, Goon NFTs receiving 1%/1% reflection fees in $CHUNKS tokens.

After discussing with advisors and industry experts, it was suggested that we reduce our tax model to 8% (buy/sell). We also received recommendations to increase the Auto LP replenishment and burn categories, on sales, to mitigate the depletion of the Liquidity Pool (LP), during times of selling pressure, while also focusing on rewarding more, during times of token buying demand.

The new tax model is 8%/8% and will work as follows:

As shown in the DAO Treasury graphic, participants of the GOB ecosystem get access to multiple reward sources. However, on top of this, Goon NFT holders earn an exclusive 1/1 portion of the $CHUNKS tax.

With the current model, holders will be able to earn rewards in 3 different ways:

1. Goon NFT holder: 1/1 tax in $CHUNKS

2. Tiered $GOB holder: half of DAO Treasury in the yield basket, paid out in $GOB and $ARB

3. $CHUNKS holder: 1/1 reflection in $CHUNKS

This model takes care of the entire ecosystem, gives back to our loyal OG holders and creates less barriers for new participants to participate in the DAO.

The entire basket is split between $GOB holders and $yGOB holders, where 50% of the basket is allocated to tiered $GOB holders and the other 50% is routed to $yGOB holders (a burn derivative of $GOB to unlock higher yield without any tier access conditions).

A minimum of 10,000 $GOB is required to unlock the 1st tier. Balances with less than 10k $GOB do not qualify for the rewards basket. To aid in the understanding of tiers, we refer to the 50% of the basket allocated to $GOB holders as “the half”.

• Tier 1: 10,000 - 49,999 $GOB - 10% of the half

• Tier 2: 50,000 - 99,999 $GOB - 20% of the half

• Tier 3: 100,000 - 199,000 $GOB - 30% of the half

• Tier 4: 200,000+ $GOB - 40% of the half

The process here is simple - burn $GOB to get $yGOB. That’s it.

Imagine there are 250,000 $yGOB tokens circulating as a result of people burning their $GOB tokens. In the case that 10 people were each responsible for burning 25,000 tokens, they would be eligible to receive 10% of the $yGOB rewards pool, which is 50% of the entire yield basket!

Scenario: GOB DAO Treasury collects $30,000 from taxes.

• $15,000 - to the foundation for marketing and operations

• $7,500 - used to buyback $GOB from the market and dropped into the basket

• $7,500 - used for investment opportunities which are proposed to DAO by the foundation. DAO votes.

Breakdown of the $7,500 investment portion:

• $7,500 is used to invest and generates a 2x return; DAO votes to have the profits taken

  • Principal amount of $7,500 is returned to the DAO for further investment opportunities

• Profit amount of $7,500 is routed in 2 directions:

  • $3,750 is used to buy back $ARB and is dropped into the yield basket

  • $3,750 goes to the foundation for marketing/operations

The total rewards basket now has $7,500 in GOB and $3,750 in ARB. For simplicity’s sake, let’s imagine that means $11,250 in USDT.

This $11,250 is split between the tiered $GOB holders and $yGOB holders:

• Tiered $GOB holders own $5,625 of the balance

• $yGOB holders own $5,625 of the balance

The first $5,625 is split among tiered GOB holders - 10%, 20%, 30%, 40% of the balance and divided by the number of members in each tier.

The second $5,625 is split among all $yGOB holders equally. For instance, if 10 participants decided to burn their $GOB for $yGOB, then only 10 people would split the entire amount among themselves.

Practical examples aside, we’d again like to celebrate the first successful adoption of a DAO proposal. It is important to highlight the fact that this is merely the DAO’s first steps, into self-governance. Both options were proposed by the team and would have beneficial impacts on the ecosystem. The next phase of DAO governance will be enhanced education on Snapshot and voting mechanics, by the team, education on proposal requirements, and finally, the discussion and voting in of proposals submitted by the DAO community. Exciting times lay ahead for GOB DAO and the Goons of Balatroon project, as a whole!