The DAO is a piece by fjb… for TNFTM and is inspired by Flamingo Finance having announced the upcoming launch of Flamincome’s DAO module and its governance token. The new Ethereum-based token, FLAG, will be distributed to Flamincome users who either provide liquidity to Uniswap pools with collateralized nTokens or participate in governance.
Similarly to the planned Flamingo DAO which will be governed by FLM owners, the Flamincome DAO will allow FLAG holders to make decisions on various topics that are critical to the Flamincome platform. These include issues such as which new assets to support, what yield strategies should be implemented, and any changes to platform fees or tokenomics.
Changes to the platform are submitted in the form of proposals, which are then opened for voting on by token owners. If a proposal passes, the changes are executed, allowing FLAG holders to govern the growth of the Flamincome project.
This piece is a ‘tipped hat’ artwork towards Flamingo’s DAO, sales proceeds from ‘the DAO’ artwork, will be utilised as a condiut artwork to enter into the Flamingo DAO as a member.
Digital: NFT 1155 – consisting of 100,000 copies (0.05 ETH each), acting as Flamingo DAO entry assets.