As we kickstart our LTL Code Art Studio, we consider raising funds, foster initiatives through open proposals, make decisions using token and reputation-weighted voting rights, and onboard new members collectively and transparently. We consider creating an open network of designers, visual storytellers, NFT collectors, artists, and web3 devs around it, and engineer / design a token system that will serve them all by giving them a voice and a share of the value they contribute. But above all, we will be joining other DAO's that are aligned with our vision and mission: UBERHAUS, FWB PRO, BANKLESS, and OLYMPUS DAO

A new model of entrepreneurship.

Everyone who contributes scarce time and attention to our DAO should receive pro-rata rewards for producing and curating high-quality content, code and design. As we lean into building deeper relationships with participants and stakeholders, we’re looking to do this using programmable equity. As founders and VCs transition from fiat to crypto, daos/tokens/nfts replace companies/shares/ip.

DAOs are a foreign concept to most. But, in essence, DAOs are communities. They are the next big thing after social media. Web1 allowed everyone to share ideas. Web2 allowed communities to form and discuss those ideas. Web3 will enable those communities to leverage financial capital and go from discussions to action.

Want to support our DAO? Buy one of our overpriced NFT's tryshowtime.com/livethelifetv This one is NOT for sale!

Our ambition is to kickstart the LTL Code Art Studio with

  • our own way to organize (DAO powered by DAOhaus/SnapShot/Discord/CL)
  • our own digital swag (generative art aka code art NFTs we mint and collect)
  • our own bank (Defi= xDAI + HAUS + ALCX + OHM + LQTY + RGT + rETH)

As a crypto-native code art studio we will:

- focus on our niche (artists, art collectors and treasury mngmt )
- consult projects in terms of visual storytelling and UX/UI
- build software / smart contracts to solve common problems
- train people in our vertical about NFT's, DAO's and DeFi
- invest and collab with other NFT / DeFi & DAO projects
- become a DAO with a legal wrapper (OtoCo.io πŸ™ OpenLaw)

DAO TREASURY MNGMT

Besides the DAO's governance token, there should be a portion of the treasury in liquid blue chip assets (ETH), stablecoins (e.g. DAI, LUSD, OHM), and other assets. It's always a good idea to DCA (dollar cost average) into other assets over several months or years. Ideally, a DAO’s annual budget should be less than its expected revenue and treasury investment income. DAO's can also allocate a portion of the treasury for token buybacks when the token is highly undervalued and there aren't other effective ways to deploy capital. DAO's should set up a 5-7 member treasury management committee. The treasury committee can be voted on and removed by token holders. They can leverage the existing on-chain asset management stack:

COORDINATION

It is a coordination game, so step one is setting up the rules for the initial arrangement of the DAO. Everyone needs to contribute something, some contribute upfront effort to organize the game, some contribute capital, some contribute technical knowledge and all kinds of other stuff. Maybe use this initial charter?

GRANTS

We would love people to do things this project needs. Like producing content, designing cool stuff and deploying code. How do we do that? Pretty simple, we get people to request grants from the DAO and we pay them if they are good and we don't if they are bad. With a governance token, holders have sole discretion over which grants are paid and which aren't. Critically, there are no privileged positions!

"NFT’s are a reflection of what I've been most passionate about the past two decades (visual storytelling & UX), the last few years DeFi was a refreshing breeze of exploration into an unknown world but what gets me out of bed every single day is mastering the art of running a DAO. LFG πŸš€ 2022 is the year of the DAO" β€” Yves

NO LOSS DAO FUNDING

Imagine we have 100 people who add $1000 in the DAO .... that's a $100K fund! Alchemix allows us to lend $50K so we can get to work and let the community decide what we do with these funds. With Alchemix, you can deposit DAI and borrow up to 50% of the deposited amount of DAI at a 1:1 ratio, by minting alUSD. The deposited DAI is then deployed to Yearn vaults to earn yield and continuously pay back the debt automatically. This takes on average 18 months.

Proposal I: use the borrowed funds to kickstart this DAO.

SETUP:
Raise from Discord Community in form of DAO Token
Create 18+ months runway (w/o any revenues)
The community retains ownership & voting rights
Deposit all DAI into $ALCX vault & take 50% loan
Taking out SC cover via NXM (Nexus Mutual)

OPERATIONS:
Run DAO using stablecoins (& crypto credit card?)
Use $ALCX to autopay off the DAI loan
All revenues back in $ALCX to pay debt/add collateral
$ALCX as a self-growing checkings account
Lowering the profitability threshold for the DAO massively

THEN WHAT ⁉️
Once stable w/ 36+ months runway (w/o any revenues)
Put excess DAI into separate wallet & now:

  • pay distributions to the community
  • collect & produce NFTs
  • donate to crypto projects
  • execute our best ideas
  • stake LQTY, OHM and RGT

Proposal II: Lend sOHM into Fuse pool (earning 100k+%), borrow more Dai and purchase more sOHM. Β What does this mean? Levered OHM exposure and 100k+% on Dai to keep bootstrapping our projects and ideas. If we decide to diversify some of our treasury funds into LUSD, and hold some portion of the treasury in ETH, we could vote to borrow more LUSD against ETH at 0% interest with Liquity.

Proposal III: (Inspired by David Hoffman, Co-Founder of Bankless)

  1. Stake your ETH in Rocket Pool (mint rETH)
  2. Deposit rETH into MakerDAO
  3. Borrow DAI against rETH
  4. Deposit DAI into Alchemix
  5. Borrow alUSD from Alchemix
  6. Sell DAI to USDC, send to DAO
  7. Vote and execute the best proposals

The genesis proposal will be to build a frontend based on our current Figma file, and with one "No Loss DAO Funding" strategy (LQTY/LUSD) and later expand with a landing page where we offer three flavors: low risk, medium risk and high risk strategy for NLDAOFβ„’ smart contracts. Above all, we would like to give priority to seeing an implementation of the ALCX concept in the DAOhaus Apps so ALL the DAO's can use this basic strategy to fund their projects by using Minion.

CCO > ICO

A CCO is a process of a community forming a DAO around a particular project / product in order to support its ongoing development. CCO stands for β€œCommunity Contribution Opportunity.” A CCO is different from an ICO, because it’s all about community and the contributions don’t have to take the form of money or ETH. The end result of a CCO is a project / product managed by a community rather than a small team and their investors.

Proposal #1 LTL Tokenomics
If an individual owns and holds 1% of the entire LTL supply, they will ​always own 1% of the entire LTL supply. The equal, non-dilutive distribution of inflation amongst all holders of LTL culminates into a fair and decentralized store of value to be used across many DeFi applications.

DISTRIBUTION

The principal innovation of crypto networks is their ability to grow network effects by enabling users to share in the value they create. Each community member is chosen based upon the unique and complementary skills they can contribute to the DAO. To be selected to receive tokens, every community member will be contributing some combination of time/expertise/capital for their tokens. In order to properly gauge rewardable contributions, we’ve laid out a few areas of contributions that have a high likelihood of being rewarded, since they’ll meaningfully push on the goals. SourceCred is a technology that makes the labor of individuals more visible and rewardable as they work together in a project or community. The goal of SourceCred is to use this technology to make rewarding labor as nuanced as human contribution often is. SourceCred uses an algorithm to determine how much value a contribution or contributor added to a project overall. (here's a video to watch!) Tokens earned through SourceCred, can be swapped for NFT's. The ultimate flex.

Community & Organization

  • Discussions in Discord/forum/Twitter/etc
  • Participation in community calls

Product Development

  • Creating product specs.
  • Creating product designs.
  • Integrations with external products

Marketing

  • Creating valuable content
  • Recruiting and onboarding valuable members
  • Creating community resources and/or adding to the Gitbook
  • Product evangelism on social media channels

Business Development/Growth

  • Getting integrations with other products.
  • Getting listed on decentralized exchanges.

Strategy

  • Research and design of tokenomics and value accrual mechanisms
  • Sharing insights around near term product strategy goals

ROADMAP

livethelifetv.kampsite

Curate a community that looks like us, then align them financially. Not the other way around 

Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes… the ones who see things differently β€” they’re not fond of rules… You can quote them, disagree with them, glorify or vilify them, but the only thing you can’t do is ignore them because they change things… they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do. β€” Steve Jobs, 1997

CULTURE CODE

  • Be creative and resourceful.
  • Embrace and drive change.
  • Celebrate and enjoy the journey.
  • Deliver premium value to our community.
  • Create fun and a little weirdness.
  • Be adventurous, creative, and open-minded.
  • Pursue growth and learning.
  • Build open and honest relationships with communication.
  • Be passionate and determined.
  • Be humble.
Put happiness as the north star of success. Or as we would say: #LiveTheLife

Why Discord? It's not quite group chat, it's not quite forums, it's not quite conference calling. It's all of those things and none of them. It turns out, in that messy middle, is a place that mirrors what it's like to be human, and interacts with other humans, more closely than just about anything else on the internet. A token-permissioned DAO is a type of restricted access online community that requires the holding of a certain amount of governance tokens in order to be part of it, or else they will be booted from the community by a bot on Discord.

How to Apply

Join the LTL Code Art Studio
Propose your membership:

  1. Go to our LiveTheLifeTV Discord & tell us your story πŸ€™
  2. Follow instructions on to get some xdai in your MetaMask
  3. We currently have a 100 seats available. Waitinglist soon πŸ˜‰