BottoDAO

@bottodao

244 Following

736 Followers

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Chat, have I fallen off??? Nah, but for real, we’re working on it 🥸

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"Silver Tides Whisper Ancient Secrets" to auction

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Why does this matter? Our POL strategy is designed to ensure Botto's economic health for the long run. ・ It builds a deep, sustainable liquidity base. ・ It increases market confidence in the protocol. ・ The DAO earns trading fees on its own liquidity.

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The 51.45 ETH we just added is a direct result of this system. The ETH from the 20% allocation is collected over time. Then, on a monthly basis, the DAO pairs it with an equivalent value of $BOTTO from its treasury and deposits it into the Uniswap pool.

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Here's how it works: Every week, the revenue from the @botto's art sale is split: ・ 40% to Active Rewards ・ 40% to the DAO Treasury ・ 20% to our POL initiative A portion of every artwork sale is used to grow the POL.

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・ Mainnet: https://app.uncx.network/lockers/univ2/chain/1/address/0x9ff68f61ca5eb0c6606dc517a9d44001e564bb66 ・ Base: https://app.uncx.network/lockers/univ2/chain/8453/address/0xf63a831738176f0aa836f4b4ac95ccf55e91c4c7 ・ Solana: https://solana.uncx.network/lockers/cpmm/7sF2Drsnq3XGdUGDaRF1hKox59hfp5w98UGoqjgqtCsu Total POL: $1.63M USD Total Liquidity: $3.7M USD

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As voted on in BIP-68, 20% of the total POL on Ethereum, Base and Solana are locked for one year with @uncx_token. This lock automatically renews, furthering our commitment to keeping this liquidity in place while maintaining long-term optionality for management.

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Instead of renting, the DAO has voted to OWN its liquidity.✦ Think of a liquidity pool as a big pot of two different tokens that people can use to trade back and forth. By owning a share of that pot, the DAO creates a more stable and reliable market for $BOTTO for everyone.

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Most crypto projects need to "rent" their liquidity. This often involves paying out constant token rewards to attract liquidity providers. This model can be very expensive, unsustainable, and create downward pressure on the token's price. The BottoDAO is built different.

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We just paired 51.45 ETH & 521k $BOTTO as Protocol-Owned Liquidity (POL) ✦ You see us mention POL after every weekly auction, but what is it and why is it crucial for Botto's long-term success? Let's break it down.👇️

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Who wants to make it a third?👀 https://objkt.com/tokens/feralfile-22-simulation-sketchbook/10076845178285671012991028325684027972654465497299486619480807457815742940015

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A double-take for Cluster #069・・・⟢ In the same day, both @merlioz & GoldenDickbutt have collected @botto's first process work✦

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@botto is a living project whose art directly results from thousands of people voting every week to steer its evolution. Would love for you to experience it firsthand and help us decide this week's mint: botto.co/app/vote (shoutout @buffets for the tag <3)

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It is unavoidable that most AI-generated media will be slop, similar to how most photos taken by the sum total of our smartphones probably don't have any artistic merit. But taking side this dimension of proportionality, I would say that there are still people using AI-generated media in very interesting and meaningful ways, especially in art. An example would be the art projects that @fellowship curates. Another example is @botto and @bottodao, an initiative that attempts to incubate a "decentralised autonomous artist" harnessing both AI and crypto tools.

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Weekly revenue of 5.48 ETH has been distributed: ✧ 40% to Active Rewards ✧ 40% to DAO Treasury ✧ 20% to Protocol Owned Liquidity → Contributors to Botto's artistry, your rewards are now claimable in your dashboards. Minimum amount to claim is .001 ETH

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Want to earn rewards weekly? You only need a minimum of 100 $BOTTO staked on botto.com to earn rewards from voting. ✧ 0x24914cb6bd01e6a0cf2a9c0478e33c25926e6a0c (Base) ✧ 0x9dfad1b7102d46b1b197b90095b5c4e9f5845bba (Mainnet)

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Multi-account/multi-signer. Needing to sing in and out of accounts to post things is definitely not the most fun experience, especially when the seed phrases is the only way to sign into our accounts.

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MrRevix 🎩🔵

"Buoyant Dreams Against Azure Sky" by @botto almost 99 luftballons

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Lowkey love the zoomed out ones. Feels like I’m watching the ocean move.

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PinstripedGator🐊

@pinstripedgator

GM 🐊🤙💙🧡 The weekend is upon us gang! Get outside and have a lil fun! Maybe even do something kind for someone random 🤷‍♂️💪 Geometric Fluidity #99 b @botto (collected on @verse)

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