Proposals
To date, Wilder World have put forward three proposals; the zDAO proposal and the Contract Isolation proposal. Here you can review the details and outcome of both proposals.
Last updated
To date, Wilder World have put forward three proposals; the zDAO proposal and the Contract Isolation proposal. Here you can review the details and outcome of both proposals.
Last updated
As initially outlined in the ‘Wheels Industry Rewards’ section of Dev Log X, we submitted a formal DAO proposal to allocate 80% of the current ETH holdings within the Wheels DAO to MMED and swap to WILD, in order to sustainably support Wilder World’s growing economy and in-game rewards. As originally planned, this WILD will be utilized for Wilder Wheels gameplay rewards emissions and Wheels Industry Staking.The Wheels DAO will allocate 80% of current ETH holdings to MMED and swap for $WILD
The roll out of Wheels Industry Rewards will happen over three intended proposals:
Step 1: Proposal to allocate 80% of the Wheels DAO's ETH to MMED and swap it to WILD (this proposal).
Step 2: Proposal to allocate a percentage of MMED assets to Racing Rewards and Industry Staking.
Step 3: Proposal to allocate a percentage of Racing Rewards between Wheels owners and non-owners.
Key Initiative: MMED Activation in Metropolis We are excited to announce the first step of the MMED activation as part of Metropolis. While MMED rewards are temporarily paused as we refine the rewards structure, they will resume with our next major game release. Players will soon be able to earn WILD again through racing, with claimable token rewards becoming available shortly after we launch our new L2, titled ‘Z’.
Kickstarting the Economy: Supports the WILD economy by implementing racing rewards and NFT staking within the Wheels industry.
Enable MMED Rewards: Provides necessary WILD for in-game racing rewards.
Support Industry Staking: Fuels Wheels Industry Staking, offering Wheels holders a passive rewards system in Wilder World. Details will come in a future Dev Log or proposal.
The vote was held via Snapshot for Wilder Wheels DAO members:
Proposal was Available: Thursday, November 7, 2024
Vote Poll Opened: Thursday, November 14, 2024
Vote Poll Closed: Thursday, November 21, 2024
Each Wheels NFT represented one vote
3% quorum (191 total votes required to pass)
Majority Win (the most votes wins)
Wheels DAO Proposal passed with a significant majority of votes in favour! This is an exciting step forward for the Wheels industry and the WILD economy. Yes: 684 Weels (95.26%) No: 34 Weels (4.74%) Quorum: 718/191
ETH to WILD Swap:
Total ETH amount: 1,650.112 ETH (80% of the 2,062.64 ETH in the Wheels DAO, as confirmed by the DAO proposal)
Price calculation: Based on the 24-hour volume-weighted average price (VWAP) at 2:51 PM PST 11/21/24, equating to 0.00007667 ETH per 1 WILD
WILD required: 1,650.112 / 0.00007667 = 21,522,265 WILD
Transactions:
Pros:
Empowers the WILD economy, enabling faucets and sinks.
Provides necessary WILD for upcoming MMED and Industry Staking systems.
Enhances user engagement with exclusive Wheels holder rewards.
Gives Wheels DAO members a more project aligned asset.
Cons:
Requires coordination between the Wilder World foundation and Wheels DAOs.
The timeline for rewards and game launch is not yet 100% confirmed.
Q: What is the purpose of this proposal? A: This proposal aims to swap 80% of the ETH holdings within the Wheels DAO for WILD, as part of Wilder World’s effort to create a sustainable in-game economy for racing rewards and Wheels Industry Staking. The WILD obtained will be used to activate MMED gameplay rewards and staking for Wheels holders.
Q: Why is this vote necessary? A: The ETH to WILD swap is essential for enabling MMED rewards and Wheels Industry Staking, providing additional value and engagement specifically for Wheels DAO members. This ensures the proper functioning of in-game reward emissions and offers Wheels holders an exclusive way to earn passive rewards. Having well-balanced "faucets and sinks" is essential for any game economy, and distributing rewards in WILD helps create a sustainable economic loop within Wilder World.
Q: Where will the WILD come from? A: The WILD will come from the WILD treasury and be swapped directly with the Wheels DAO. This will not affect the price of WILD on the open market.
Q: What will the ETH be used for? A: The ETH will be used to continue funding development of Wilder World and the Wheels industry.
Q: How will the price be determined? A: The ETH to WILD swap price will be determined by taking the 24-hour volume-weighted average price (VWAP) on the date of the swap, targeted to be within a 48-hour period of the conclusion of the voting process.
Q: Why does this proposal not include a detailed breakdown of MMED and Wheels Staking? A: Proposals should be specific to one topic to ensure clarity and focus. This proposal is solely about swapping ETH for WILD. Additional proposals will address the specifics of reward distribution for MMED and Wheels staking, based on feedback from community members and our community team. Q: Will there be a racing pool specifically for Wheels holders in addition to the general MMED pool? A: A Wheels holders racing pool could be the next proposal once the Wheels DAO is funded with WILD. There’s still a lot to think through on this idea, and further details will be developed in the next proposal.
Q: Will using WILD from the treasury impact token distribution? A: No, the WILD tokens used for this proposal were already allocated in our tokenomics for community building. This ensures that our plans for token distribution remain unaffected.
Q: How has the Wheels game been funded to date? A: The game studio has funded the Wheels game, development of new vehicles, and the expansion of the Wheels industry, including our partnership with Epic Games. These investments have cost several millions to date, and reimbursement hasn’t been requested. There needs to be some give and take here, and the DAO should focus on the success of Wilder World and the DAO’s focus should be on supporting Wilder World’s overall success.
Q: Why should the Wheels DAO pay for game expenses when other DAOs and WILD holders already contribute? A: The original purpose of each DAO was to fund expenses related to building out their specific DAO and corresponding game modes. For example, we’ve already paid over $1 million in royalties to Epic Games from revenue generated by the Wheels sale, and we’ve invested several millions more in developing the Wheels game, plus an additional $1 million+ planned for car upgrades. It seems fair for the Wheels DAO to contribute its share. Q: Why is this proposal considered fair for the Wheels DAO? A: This proposal ensures that the Wheels DAO is contributing fairly by converting its holdings to WILD at current market prices, aligning it with Wilder World’s economy. The approach was designed to support the DAO’s goals, including rewards, MMED, and delivering on Wheels staking.
Q: Could the DAO have been billed directly instead of using this proposal? A: Yes, we could have billed the DAO directly. However, we chose this proposal approach to provide additional benefits, such as supporting rewards, MMED, and ultimately enabling Wheels staking.
Q: How active has the Wheels DAO been over the past two years? A: The Wheels DAO has been active for over two years, allowing any Wheels holder to submit proposals to utilise DAO funds. In that time, only two proposals have been created, and neither received any votes.
Q: Is the project’s financial runway secure if this proposal isn’t approved? A: Yes, our financial runway is in a good position, regardless of the outcome of this proposal.
Q: Who is eligible to vote? A: Those who hold NFTs from the Wilder Wheels Contract Address (0xc2e9678a71e50e5aed036e00e9c5caeb1ac5987d) will be eligible for voting. Voting Power (aka number of total votes per holder) will be determined based on the total number of assets held from this contract address.
Q: Can a Gnosis Safe Multi-sig wallet vote? A: Yes, see instructions here.
Q: What is the process for submitting feedback? A: Community members are encouraged to provide feedback, as we move forward with this proposal within the DAOs. For further assistance or questions, please open a ticket in the Wilder World Discord Customer Support channel, and our Community Team will support you from there.
Q: How will this affect the WILD tokenomics? A: The WILD used will come from the community-building allocation in the WILD tokenomics.
Q: When will our new L2 ‘Z’ go live? A: We’re currently live on testnet and planning to have the chain live before the end of 2024. This is an estimated date.
Q: Will the $WILD be cycled back into the Wheels DAO, or will it be used for MMED purposes and not returned? A: WILD will be used as MMED rewards and staking rewards. Wheels holders can also use their ability to submit proposals if there is desire to utilize the WILD for additional activities.
Q: What incentives do non-gamers have to allocate part of the Wheels DAO funds to gamers? A: It will, in turn, create more economic activity in the Wheels industry, helping grow Wilder World.
Q: What’s the next step for rewards if the proposal doesn’t pass? A: We will get feedback from the community and submit another proposal. Q: When will the voting take place for the updated Wheels proposal? A: We are aiming for it to start during the week of November 11th, until the week of November 25th.
Q: What are the risks of swapping such a significant percentage of ETH to WILD, and how will those risks be mitigated? A: It is the same as any transfer on the Ethereum network.
Q: If the swap is approved, how will the DAO monitor and report on the use of WILD for MMED rewards and staking? A: We will release an additional proposal on how the WILD will work for MMED and staking rewards.
Q: What recourse do Wheels holders have if they disagree with how the WILD is used post-swap? A: We encourage Wilders to take this opportunity to create proposals and vote.
Q: Will those who earned WILD without owning a Wheel still receive payment up until the proposal is accepted? A: Yes, all MMED rewards to date will be rewarded. Q: Are the Wilder World DAOs fully decentralised in their operations? A: The DAOs are not yet fully decentralised, as the Wilder World Foundation still handles development. Part of our approach is to formalise DAO operations, address decentralisation challenges, and ensure fair contributions from each DAO toward its own development. This process is aimed at "battle-proofing" the DAOs for true decentralisation, where all members are aligned with the long-term success of Wilder World.
We also recognise that when we initially designed DAOs for each industry, DAOs were relatively new, and our understanding of their potential has since evolved. We’re considering a more holistic governance structure, potentially with annual votes within each industry DAO to elect representatives. These representatives could form a larger player and community council, bringing together voices from across Wilder World. WILD holders and team members would also have roles in governance, enabling decisions to be made from a unified perspective. We have the tech in place; now, we're focused on building the human side of this governance framework to support Wilder World’s growth.
May 25th, 2023
How did the Contract Isolation come about? This section provides details on the proposal to isolate contracts. On May 25th, 2023, we announced a proposal to isolate 6 of the 7 NFT collections on the main Wilder World NFT contract into separate collections.
These include: 💠 Wilder Cribs 💠 Wilder Crafts 💠 Air Wild Season 0 💠 Air Wild Season 1 💠 Wilder Guild 💠 WOW Posters 💠 Wilder Wheels will retain the same contract address as well as legacy.
To enable proper DAO voting for all NFT industries.
To simplify browsing specific collections, easily compare like assets when collecting.
To enforce royalties through updated contracts, benefiting industry DAOs.
Easy identification of Genesis assets and collections for Trinity snapshots and future rewards.
NFTs will be renamed to follow the naming convention of other WW collections (IE: Wheel #369).
💠 The mechanism will be to Burn and Swap by updating the current NFT JPEG to indicate the need for an upgrade. We will then use admin rights and the upgrade function in the contracts to burn existing NFTs and reissue them on new collection contracts.
💠 The Wheels industry DAO would be responsible for covering the cost of the contract updates. These funds would be removed once the contract updates are finalized.
The Trading Freeze Period
The trading freeze was the time window in which we highly recommended holders to hang on to their assets and refrain from trades of any kind including on all marketplaces and transfers to other wallets, even including your own. We initiated the trading freeze period 24 hours before and held until 24 hours after the Contract Isolation Period ended. A snapshot was taken at the start of the trading freeze to verify token IDs and holder wallets.
The Trading Freeze Period lasted from Tuesday, Sept 19th at 9:00 AM PDT - Sat, Sept 23rd at 9:00 AM PDT.
The Contract Isolation Period
The Contract Isolation took place over the course of 48 hours, from Wednesday, Sept. 20th, at 9:00 AM PDT - Friday, Sept. 22nd, 9:00 AM PDT and occured in Three Stages.
Details of the stages were as follows:
Stage One: Isolation for Guild (including WOW Poster 0) + AWS1 Kicks-
Stage One Execution Dates: Wednesday, Sept 20th, at 9:00 AM PDT - Thursday, Sept 21st, 9:00 AM PDT
Execution Duration: 24 hrs
Step 1: QC and prepare transfer for all new tokens to the new WW Vault wallet.
Step 2: Pulling old Guild/WOW and AWS1 tokens from all holder wallets.
Step 3: Tokens to be re-issued to holders from the new collection contract. We won’t pull and re-issue the AWS1 collection until the Guild collection has been fully re-issued and verified on-chain that the same token holders are holding the new token.
Stage Two: Isolation for AWS0 Kicks, Crafts and Cribs
Stage Two Execution Dates: Thursday, Sept 21st, at 9:00 AM PDT - Friday, Sept 22nd, 9:00 AM PDT
Execution Duration: 24 hrs
Step 1: QC and prepare transfer for all AWS0 Kicks.
Step 2: Pull old AWS0 tokens from all holder wallets.
Step 3: Tokens to be re-issued to holders from the new collection contract. We won’t pull and re-issue the next collection until the previous has been fully re-issued and verified on-chain that the same holders are holding the new token.
Step 4: Repeat steps for Crafts and Cribs.
Stage Three: Finalization
Stage Three Execution Dates: Friday, Sept 22nd
Step 1: We will update all new collection contracts on OpenSea to reflect accurate banners, profile photos and descriptions.
Step 2: We will contact OpenSea to update the new Wilder World deployer wallet so it is reflected as the collection creator on OpenSea.
Step 3: A public announcement will be made in the announcements channel on Discord to verify the completion of the contract isolation once these three stages have been carried out in full. Our target date for completon is no later than EOD on Friday, Sept 22nd.
Holder Wallets: NFTs were reissued to the same wallet they were pulled from.
Withdraw Tokens from Third-Party Services ASAP: If you had tokens held in third-party services such as NFT staking, you were advised to withdraw them into your personal wallet before the burn and swap took place.
NFT Listings: Please note that previous listings on all NFT marketplaces were no longer active once were reissued.
Floor Price: Assets must be listed to set a new floor price (this only applies to new collections: AWS0 Kicks, AWS1 Kicks, Cribs, Crafts and the Wilder Guild).
Trading Volume: Trading volume on all new collections started at 0, trading volume on the old contract will remain.
Old Contract: The old contract has now been renamed and acts solely as the Wilder Wheels collection contract, all stats including trading volume will remain on this contract.
✅ Clarifications & Changes
Asset Names:
Asset names will remain the same for AWS0 Kicks, AWS1 Kicks, Cribs and the Wilder Guild.
Crafts were renamed: New Craft names will follow the format ‘Craft #001’ and will be assigned based on mint order.
Wheels were renamed: New Wheel names will follow the format Wheel #001’ and will be assigned based on mint order.
Token IDs:
Token IDs will remain the same on AWS0, AWS1, Crafts and Cribs.
Token IDs for the all Wilder Guild and WOW Poster 0 tokens were updated.
New Contract Addresses:
The new contract addresses have been updated in Official Links, Wiki and are also reflected in the Rarity and Sales bots.
Burns:
Wilder Concept and WOW Poster 1 were burned and not reissued as they were not minted out and are held by internal wallets.
Wallet Addresses:
The hot wallet was used to create the contracts and deploy the tokens: 0xb72EE8e3A9599E610F470A790a61A58a69fe39Df
Collection contract ownership was transferred to a secure wallet and tokens distributed to holders.
The secure wallet will act as the new Wilder World Vault wallet: 0x3Ef5156753450f5F1B100412cc54139B61982426
The Guild contract and tokens were reissued using a different system, which came from this wallet: 0xC46ADfd9E579F564da931925986c18beB693DC40
We processed a $50,000 transaction in ETH (29.76 ETH spot price as of midnight 10/23) to cover fees for the work carried out for the contract isolation.
This was previously approved by Wheels DAO vote on snapshot, that can be viewed here: https://snapshot.org/#/realblackbook.eth/proposal/0xf63f9364fa9acd05614d44050bb541f72ed6071c6a2a9b5dd609e5661271cb36
The Tx Link can also be viewed here: https://etherscan.io/tx/0x11f6cdf7b35c3d57e1c6fc236ad9311e5ca93af42741d4273716c90c8b18cb1d
The vote was run through snapshot.org and was open to all NFT holders on the main Wilder World NFT contract.
❓ What is the Proposal to Isolate Collections from the Main Wilder World NFT Contract about? 💠 Wilder World originally consolidated the first seven NFT collections on the main Wilder World Contact Address. The proposal aims to isolate each individual collection on its own contract so that we can enact further functions of Industry DAOs and Collections. ❓ The proposed isolation will take 6 of the 7 NFT collections from the main WW NFT contract and places them into separate individual contracts. Wilder Wheels will retain the original contract address and keep the legacy contract information and stats.
The collections affected will include:
💠 Wilder Cribs 💠 Wilder Crafts 💠 Air Wild Season 0 💠 Air Wild Season 1 💠 Wilder Guild 💠 WOW Posters
❓What were the options for voting? 💠 Options for voting on this proposal were a simple Y or N vote where Y= Yes and N = No.
❓ Why was this vote necessary? 💠 This will be required to enact true DAO voting and unlock metropolis. We are also unable to execute some of the intended DAO and Collection functionalities like creating specialized gated channels for just one collection or Industry.
❓ Isolating NFT collections in Wilder World will enhance functionality and support future developments to: 💠 Enable proper DAO voting for all NFT industries and allow specialized gated experiences to exist. 💠 Simplify browsing specific collection on OS, easily compare like assets when collecting. 💠 Enforce royalties through updated contracts, benefiting industry DAOs. 💠 Easy to identify Genesis assets and collections for Trinity snapshots and future rewards. 💠 Having new NFTs follow the proper NFT naming conventions.|
❓ Who was eligible to vote? 💠 Those who hold NFTS from the main WW NFT Contract Address (0xc2e9678a71e50e5aed036e00e9c5caeb1ac5987d) will be eligible for voting. 💠 Voting Power (aka number of total votes per holder) will be determined based on the total number of assets held from this contract address.
❓ Could a Gnosis Safe Multi-sig wallet vote? Yes, see instructions here on how to vote using Gnosis: https://docs.snapshot.org/user-guides/using-safe-multi-sig
❓ Where was the vote held? 💠 We will be running this vote through snapshot from June 1 - June 10th 12 PM PDT. The option that has the most votes by the end of the voting period will win. This is a widespread community vote, as this will greatly impact the entire WW project.
❓What were the voting time frame? 👉 Announcement of proposal: May 25th, 2023 👉 Vote Poll Opened - June 1 - 12 PM PDT 👉 Vote Poll Closeed - June 10 -12 PM PDT
❓ How many NFTs will this impact? 💠 We estimate that this update will impact roughly ~950 NFTs, some of which are owned by the community or DAO and some have not been purchased. WOW Posters 0 will be moved to the Guild Contract and WOW poster 1 will be burned as it was never purchased. Wilder Concept will be burned (as no one purchased them). ❓How will this proposal, if enacted, impact my NFT? 💠 During the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild or WOW Posters, your NFT will be impacted with a metadata update that will signal on your asset JPEG the changes being made including the trading freeze. ❓ How will this update impact my transaction history on the blockchain? 💠 After the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild or WOW Posters, the trading history for these assets will be cleared. Trading history will essentially begin at 0 for your asset and the new collection. ❓ What will happen to previously flagged NFTs on OS? 💠 We are currently scraping the blockchain to understand how many NFTs are currently flagged. We will communicate flagged assets to OpenSea, however, this will ultimately be up to OS to re-flag reissued NFTs.
❓ What will happen to NFTs being staked or used on 3rd Party Services (ie: lending, staking, etc)? 💠 We are currently scraping the blockchain to understand how many NFTs are currently being lent or staked on 3rd party platforms. We highly advise Wilders to unstake and reclaim NFTs into the owner wallet where you’d like to receive your new token. We encourage you to avoid the use of 3rd party services during the execution process. ❓ What is the cost of the isolation process and who will pay for this? 💠 We estimate this project could cost around ~$50K (~$20K for on-chain fees and ~$30K in development). The Wheels Industry DAO will be covering the costs of these updates.
❓What is the process for submitting queries for customer support regarding a specific NFT? 💠 Please open up ticket in the Wilder World “WilderWorld” tag to open your ticket and our Community Team can support you from there.
zDAO underwent a 90 day experimentation phase to test a specific governance structure developed by our team. The first proposal ran through the Moto DAO and was used as the primary source of testing. For full details on Proposal 0 please refer to the zDAO Proposal 0 zine. Proposal 0 Summary Proposal 0 was a community outreach initiative that utilized Wilder Motos from the Moto DAO as tools to open doors to previously untouched environments where the story of Wilder World can be told and the broader NFT space can become educated about our project.
This Proposal was designed to increase awareness of Wilder World in the NFT space, reduce the number of NFTs held in the Moto DAO, boost the project’s cultural relevance, birth new relationships between Team Wilder and other outstanding Web3 projects, and bring forth new people and increased NFT demand into The Wilder Nation.
The primary goals of Proposal 0 were as follows:
18 wallets that previously did not hold a Wilder World NFT asset will a Moto Genesis NFT given away as a part of the Proposal 0 initiative at the end of three months (.7% increase of holder base).
To reduce the number of Motos within the Moto DAO (1,564) by 60
That 3 recipients of Motos go on to form a Trinity by December 31st, 2022
That 3 recipients of Motos purchase land in the Wiami land sale.
Proposal 0 has generated 32 new Wilder NFT holders, 77.8% more than our established goal
Two new Trinities were formed as a result of Proposal 0: one by a Moto giveaway winner and one by a Spaces audience member
Of the 60 Motos given away, 25 were sold by recipients
Proposal 0 Twitter Spaces events reached 9,216 listeners
Full details on results can be seen in the Proposal 0 Recap. The success of the Proposal 0 was assessed both internally, and in collaboration with The Wilder Nation, during a Discord AMA that took place on November 4th at 10:00am PDT.
Benefits of Isolating Collections
PROS: No action required from holders Won't need to perform any transactions Zero fees incurred by the community Clean swap without any lingering NFTs or collections
CONS: Systems may not recognize new NFTs without adjustments (3rd party staking) Requires coordination with the community and 3rd party systems Potential unforeseen effects
Flagged tokens: Any flagged tokens were no longer be flagged once reissued. To re-flag any NFTs please contact OpenSea customer support here: Submit a request – OpenSea Help Center
Voting Poll Opened: June 1, 12 PM PDT. Voting Poll Closed: June 10, 12 PM PDT
On Tuesday May 30th 2023, Sunshine and Frank hosted a Contract Isolation Proposal Open Forum AMA with the Discord Community. Catch up with the recording here.
The proposal passed with 419 votes (96 voters) in favour for and 3 votes (1 voter) against isolation of the main contracts. Contract Isolation Proposal Voting Spreadsheet Contract Isolation Proposal Voting Site Stay tuned with Discord and Telegram announcements for an update on the implementation and time frame for isolating contracts.
