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This week commemorates 100 Days since our genesis! bDAO is firin' strong: Grants committee dropped 3M BANK across seven different guild projects, the Ultra Sound Bat NFT raised 5.88 ETH for Coin Center, and BanklessDAO topped $100K sales on Rarible last month! After just over three months of growth, the BanklessDAO has already made an indelible impression on the cryptosphere. Here comes the alpha:
Authors: Bankless DAO Writers Guild (tomahawk, siddhearta, Frank America)
This is the official newsletter of the Bankless DAO. If you were a Premium Member of the Bankless Newsletter as of May 1st 2021 you have been subscribed to this newsletter at launch.
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Img Link: https://bankless.cc/UMA
🛌 **FEI Proposes to Get in BED with Bankless:** The FEI protocol put forward a proposal this week to invest $2M into the BED Index, as well as creating a $4M BED-FEI pool on SushiSwap. 🌊 The main purpose for purchasing BED is to increase on-chain FEI liquidity and utility, helping to drive FEI adoption. There is also potential for a joint BanklessDAO, Index Coop and Fei deployment on Polygon, which could generate SUSHI rewards and potentially other opportunities.
👚 "Ultra Sound Summer Set" Shatters Sales Record: Last weeks MetaFactory sales were over $54k sales and set a new record for all of MetaFactory's merch sales. The bDAO will earn about 675 ROBOT in rewards based on a percentage of the sales.
🏦 Donation of 5.89 ETH to Coin Center: The "Ultra Sound Bat" has broken all of our NFT Showcase records with total sales topping 23.5 ETH. This was a collaboration between Ultra Sound money, Bankless DAO and the artist Rodrigo Salcedo. 25% of the sales were donated to Coin Center, helping to fight for crypto friendly regulation in the US.
🔥 **Mask.io + BanklessDAO:** Alpha leak, this will be announced next Monday, and runs next Tuesday, August 17-26. In short, this collaboration with Mask.io is called the "Social DeFi" Alliance and will involve some action steps by participants to earn prizes. This premiere high-visibility partnership will be focused on getting DeFi directly onto the major social networks and could be the most critical step towards large-scale user adoption of DeFi and Web 3.0 applications.
🏆 Bankless DAO ranked #5 in sales on Rarible: This past month, the weekly NFT auctions generated over $100,000 USD in revenue, much of which goes to the treasury! A huge thanks to Kouros, Crypto Bushi, and Satoshi's Mom for their incredible work promoting bankless culture.