Title: bDIP-9: Level update to include tlBANK Draft Authors: Icedcool, Ernest of Gaia, Sprinklesforwinners, Tomahawk Working Group: Tokenomics Squad Forum Post: Link

BDIP SUMMARY

This bDIP recognizes tlBANK as a component of L1 membership, and a core primitive of BanklessDAO.

BDIP BACKGROUND

As the utility of the BANK has evolved organically, the token itself has evolved beyond its original use to provide services within the ETH ecosystem. To keep up with these changes, it is imperative that the token itself evolve. tlBANK was first introduced on the forum here 5. Since then, we have seen support for the use of tlBANK grow. This can be seen in multiple forum posts that have obtained quorum. This can be seen here 5 and here 2. The use of tlBANK was ratified in this 2 snapshot vote.

BDIP SPECIFICATION

Recognize tlBANK as L1

|Current Text|New Text| | --- | --- | | L1 - Members | L1 - Members| |Full DAO members are those who have accumulated the requisite 35,000 BANK and are authenticated in the Discord server. The benefits of L1s include access to additional Discord channels and no longer needing to renew the guest pass.|Full DAO members are those who have accumulated the requisite 35,000 BANK and are authenticated in the Discord server. The benefits of L1s include access to additional Discord channels and no longer needing to renew the guest pass. DAO Members that mint the preset tlBANK will also be given L1 Membership with the included benefits. Only the tlBANK minting address receives the L1 access.|

EXPECTED IMPACT

• This will create secondary use cases for the BANK token by:
  • Allowing tlBANK to trade on any NFT marketplace.
  • Creating new areas of involvement and alignment of projects.
• UI will define lockup, but open ended on the back to allow projects different involvement.
• ONLY the minting address will receive the L1 Access to the DAO.

NEXT STEPS

• Upon ratification, go to snapshot
• Upon snapshot approval, modify CollabLand configuration to support tlBANK as an L1 level.

POLL

• Approve
• Abstain
• Reject