A GNARly Introduction

Artwork by Ilustradora.eth

Hello Hive community, we're Gnars DAO and we're stoked to be here! This post will serve as an introduction about us, our vision and accomplishments so far.

WTF is GNARS

Gnars are a new way to fund extreme athletes. We prefer a world where kids aren’t shilled energy drinks by their heroes. So as a community of action sports enthusiasts, we’ve formed a DAO to rethink how extreme sports people get sponsored.

https://gnars.com

Based on Nouns open source code and CC0 artwork, Gnars are stored fully on-chain on Ethereum with no external dependencies (not even IPFS), and each one represents a DAO vote. We’re changing the way extreme sport is funded as stewards of Nouns Athletes with backing from Nouns DAO.

Check out our GNARly trailer

Gnarvy Auctions

Via perpetual Gnar NFT auctions, we slowly onboard community members. The Gnars Auction Contract will act as a self-sufficient Gnar generation and distribution mechanism, auctioning one Gnar every 10 minutes, then less often, forever. As per the supply curve diagram shown above, auction duration doubles every 1000 auctions, known as “The Gnarving” and in effect halving the supply emission each time.

auction-chart.aa1e89a3.jpeg

Auction proceeds (ETH) are automatically sent to the Gnars DAO treasury and to our founder 0xigami.eth, depending on what balance you set with the bid slider. You can even choose not to reward the founder if you wish. Funds received to the treasury are governed by Gnar owners.

The DAO

Gnars DAO utilizes a Gnosis Safe multisig, which combined with Zodiac Reality Module and Snapshot, allows for gasless governance voting. Gnars DAO is the main governing body of the Gnars ecosystem and the Gnars DAO treasury receives whatever percentage of ETH proceeds bidders choose at time of bidding.

Each Gnar is an irrevocable member of Gnars DAO and entitled to one vote in all governance matters. Gnar votes are non-transferable (if you sell your Gnar the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Gnar.