There has been overwhelming demand from the Purple Membership to move our contracts from Mainnet to an L2. High Mainnet costs are an impediment to voting and ultimately engagement. BuilderDAO has released their latest contacts, Bali, which can be used to migrate DAO's using builder protocol on Mainnet to a Superchain L2 (OP, Base, Zora). Several polls conducted in /purple showed a strong, soft consensus for Base. This is an onchain vote for Base.
Moving to an L2 happens in the following steps:
1. Pause the Auction and update Governance Settings (This prop)
We must Pause the Auction to migrate to an L2.
We are changing the Vote period from 4 days to 2 day to minimize the length of time our Auctions are Paused.
2. Migrate the DAO to Base
3. Unpause the Auctions on the new Base contracts and change the Governance Settings back to a 4 day Voting Period.
4. Bridge the Mainnet Treasury To Base
1. Pausing the Auction
The Auction will be Paused for 6-8 days.
Loss of Revenue for that time period.
No new members joining in that time period.
No new Proposals in that time period.
2. Upgrading to Bali
Running on the latest Builder Protocol Contracts
Introduction of Protocol Fees.
2.5% of Auction Sales go to BuilderDAO for maintenance and future development of the Protocol.
2.5% Referral Fee to the app where the winning bid is placed.
3. Purple will be on Base
Low transaction costs!
Opportunities for more interactions with Frames
We have many Base builders in the DAO and there are many Base app in the Farcaster ecosystem, which creates better alignment and composability for Purple
The transactions in this Proposal:
1. Pause the Auction.
2. Change the Voting period to 2 days.
If this Proposal passes, upon execution there will be another Proposal to Migrate to Base.