The SquiggleDAO Times - 007

Monthly digest of Chromie Squiggle related news & media

May 23, 2023

10 Unminted Squiggles up for Auction
Announcing “SquigSig”
Snapshot Delegation Now Available
SQUIG BNPL Service
New SquiggleDAO.com Gallery Updates

Snowfro’s Squiggles: The Auction

Today (May 23, 2023) Right Click Save is collaborating with VerticalCrypto Art to host a special charitable auction of ten unminted Squiggles in support of The ALS Association via The Giving Block.

Announcing SquigSig

We noticed more and more people using Squiggles in their email signatures, in the spirit of promoting Squiggle ownership, we decided to build a way for you to verify/register your email to your Squiggle.

This new tool will be coming to SquiggleDAO.com soon.

Governance Proposals

Passed ✅

SDIP 42: Recruiting - Community Manager

Ensuring that SquiggleDAO has a consistent presence on Social Media is an integral part of our mission and ensuring a positive and happy community in the DAO.

SDIP-43: Increase Lending Budget

We started our lending activity in April 2022. In these 12 months, we’ve deployed 450 ETH, issued more than 150 loans (including 1-year loans on Squiggles), and generated a profit of more than 43 ETH.

SDIP-44: Art Basel Miami 2023

Due to restructuring this year, the DAO has not been able to participate and have a presence in any NFT event. We decided to choose Art Basel due to travel flexibility as a team and community attendance. We’d like to host an event to bring the community together for our appreciation of the Chromie Squiggle.

Delegation Now Available on Snapshot

Delegation has been enabled to make voting easier. You can now delegate your SQUIG tokens that you hold in your hardware wallet to a different wallet (preferably a new hot wallet). Now you won't have to use your hardware wallet every time you want to vote.

You can watch a short video walkthrough on YouTube from Arkaydeus

New SquiggleDAO.com Gallery Features

There are two new features available on our Squiggle Gallery.

Gallery Sort ⬆️ ⬇️

You can now sort gallery queries by ID, price, color hue and start color.

SquiggleDAO Wallet Filter

You can now filter all Squiggles to see which ones are collected by the DAO treasury.

SQUIG BNPL

You can now Buy Squiggles and Pay Later!

Reach out in Discord if you’re interested.

Squiggle Market & DeFi Update

A seemingly quiet week with the floor up just 1% to 9.36 ETH and volume around reasonable levels of 164 ETH, but we are starting to see some positive signs!

Listings have decreased across the board. Getting really close to the all time lows of 99 pieces available for sale (March ‘23). Last time we saw a similar decrease was Dec 8th 2022 and prices reacted positively shortly afterwards.

Of course, the reduction in supply is causing the floor to get really thin and this is particularly relevant for non-normals. Across all platforms there are only: 7 Slinkies, 4 Fuzzies, 9 Ribbeds, 4 Bolds, 1 Pipe and no Hypers available for sale. Read the full update on Twitter.

We have deployed another 300 ETH as per SDIP-43 and those count for the IRR calculation since the day the Snapshot passed (although some of the funds are still not available for lending as we are upgrading the bots). Here's a summary of performance: