Pillar DAO Governor Rewards Investment Proposal

🚀 Proposals
#1

Abstract

The concept behind this proposal is to build-in continued and direct benefits for members/governors of the DAO while still ensuring growth of the recurring investment amount as well as a positive impact on the token price.

This will require a portion of funds from the Foundation funds to invest in the (project tbc- certain govs have doubts about KLIMA) KLIMA staking ReFi opportunity (current APY at time of writing: 427% set to go down to 300% soon due to market conditions) and distribute the majority of the profits (50%) among the governors. The distribution would be proportional, percentage-wise, to each Governor’s PLR holdings at the time of profit distribution.

The remaining profit will be split between:
a) adding 30% to the initial investment amount to increase profits as more and more members join the DAO
b) a portion (15%) will be used to buy PLR tokens that the delegates will lock up, encouraging positive price action by reducing circulating supply while building the treasury.
c) 5% sent to purchasing popular tokens for future DAO giveaways (another proposal to come) and treasury diversification.

The principal amount will continue to be cycled through investments to maintain this profit

This would be the first large and advantageous step by the PillarDAO governors and should set the stage for further proposals to come and provide a marketable benefit for PillarDAO.

Steps to be taken:

  • Obtain funds from the Foundation (ideally $1 million USD)
  • Stake these funds into KlimaDAO using the Etherspot / Li.Fi app (marketing opportunity for Etherspot & PillarDAO + revenue income for Etherspot from KlimaDAO)
  • Withdraw profit every 2 months
  • Distribute rewards using AirdropMe (marketing opportunity for AirdropMe &PillarDAO)

This brings a change to the DAO in that it will drive adoption of the PillarDAO dapps plus add incentive for more users to become DAO governors.

Motivation

This is driven by the fact that in order to grow the DAO, we will need to offer benefits for potential investors and contributors. Additionally, it could potentially have a positive effect on the PLR token and offer marketing opportunities for PillarDAO developments.

Specification

  1. Necessary steps:
  • Obtain all PillarDAO Governor wallet addresses
  • List all Governor PLR holdings and determine percentage ratios
  • Fund the delegates’ multi sig wallet with funds from the Foundation
  1. Create a guide / video explaining how the investment and reward structures work.
  2. Add promotional section on the new DAO page (currently under development)
  3. Follow the launch template created by the Pillar marketing team to announce this reward program.

Investment Plan

  • Eg1:

  • $1,000,000 invested for 2 month cycles in

  • KlimaDAO sKlima Staking @ 427% APY (Polygon)

  • Would potentially result in a final balance of $1,319,173.05

  • 30% of profit is added to the next investment round ($95,751.92 + original $1,000,000 = $1,095,751.92 for next round)

  • 50% profit divided by +/-50 governors $159,586.53 / 50 govs proportionally according to their staked PLR holdings

  • 20% split between purchasing PLR from the circulating supply (locked by delegates in the multi-sig wallet) and purchasing other tokens for future giveaways and speculation - $63,834.61

  • Repeat

  • Eg2:

  • $500,000 invested for 2 month cycles in

  • KlimaDAO sKlima Staking @ 427% APY (Polygon)

  • Will result in a final balance of $659,586.52

  • 30 % of profit is added to the next investment round ($47,875.95 + original $500,000 = $547,875.95 for next round)

  • 50% Profit divided by +/-50 governors $79,793.27 / 50 govs proportionally according to staked PLR holdings

  • 20% split between purchasing PLR from the circulating supply (locked by delegates in the multi-sig wallet) and purchasing other tokens for giveaways and speculation - $31,917.30

  • Repeat

Additional

  1. This does not necessarily have to be done with Klima staking, it could be directed to any other DeFi opportunity agreed upon.
  2. If the Foundation cannot release funds the proposal could pivot to use a portion of the PillarDAO treasury but this would be 2nd choice.
  3. The invested amount will remain in active earning until the Governors feel the proposal has run it’s course, at which time the initial principal amount can be returned to it’s source. Only profits will be utilised for rewards and to the aims described above.

Vote on snapshot here

#2

Have you done a real due diligence ? Don’t you think that it smells scammy ? 414% How is that even possible ?

#3

@KyleStarZ thanks to you for proposal !

i love the b) c) but i’m against invest 1M usd in Klima token. We can stack the donation from klima team in klima token and see what’s happen .

I’m for looking for different ways

Additional

  1. This does not necessarily have to be done with Klima staking, it could be directed to any other DeFi opportunity agreed upon.

Thanks

#4

Maybe pillar holders over 10k pillar stake there pillar to get DAO rewards more pillar staked more rewards they get .

#5

I like the idea,
2 Questions:

  1. What rewards do they get and where do they come from?
  2. If it’s PLR, will it be attractive?
#6

Rewards come from DAO investment - for example buying btc and staking or investing in btc or eth or alts depending on DAO votes - of course rewards would be different each month depending on the Market. So would adjust apy end each month (have a section in the wallete for this and for govs to give there options on each month what they want to invest in and why then vote is held and what is decided will be the month investment then reviewed at end of each month. - rewards would be paid in btc - to stalkers - and 10% of that for buy back and burn PLR tokens adding value.

#7