MIP-1

PROPOSAL OUTLINE Foster community growth through rebalancing the Nitro Pool, kickstarting the MozaicDAO through the Genesis Mozaic Improvement Proposal (MIP) and ultimately reward early DAO members.

SPECIFICATIONS Redistribute a portion of the MOZ in the MOZ - ETH nitro pool on Camelot and redistribute it to xMOZ holders. 0.05% of the Max Supply or 500,000 IN xMOZ to be distributed proportionally to xMOZ voters after the first approved MIP, released over one month.

Rewards capped to 2,000,000 xMOZ. (votes still counted beyond this cap).

Rewards distributed as xMOZ to boost DAO members and foster increased participation.

JUSTIFICATION No new emissions and rewards for early MozaicDAO Participants. In it's infancy it is critical to provide a platform to build upon and to combat early voter apathy and potential lack of DAO engagement.

COST ~$2750 (approx. 500,000 x 0.0055)

TIMEFRAME Discussion/Temperature check - 36 hours (closed) Draft proposal - 48 hours (closed) Snapshot Voting - 72 hours (live)

STEPS TO IMPLEMENT Upon MIP approval, the core contributors will:

Withdraw 500,000 MOZ from the Nitro Pool on Camelot
Convert it to xMOZ
Distribute it to all xMOZ voters (after the first approved MIP) proportionally over one month

DISTRIBUTION DETAILS Snapshot of voters will be taken at the conclusion of the first DAO APPROVED MIP and xMOZ will be distributed to those voters proportionally over one month.

CONSIDERATIONS Voting: 1 xMOZ = 1 vote.

For the first MIP, this will be the voting mechanism used. QUADRATIC VOTING method has also been considered and may be implemented in the near future, based on DAO sentiment and voting outcomes etc.

Quorum threshold (2,000,000 xMOZ) to be reconsidered in the near future.

The MozaicDAO must remain agile in its infancy.

start

September 19, 2023

7:26 PM

end

September 22, 2023

7:26 PM

Voting

off-chain

Voting type

single-choice

Voters

Votes

9,898,835

Final Votes

closed

For

9.9M xMOZ

100%

Against

0 xMOZ

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%