Overview:

This proposal details a focused initiative to onboard Hedgies holders to Stargaze through a specialized PFP NFT collection launch. In light of dYdX’s transition to the Cosmos SDK, we aim to similarly migrate the connected Hedgies NFT community, enhancing integration and participation within the Stargaze ecosystem. This strategic redirection prioritizes effective community engagement, addresses feedback on the airdrop’s scope and resource allocation, and strengthens the bridge between Cosmos and Ethereum NFT projects.

Funding will be sourced from the Stargaze Ethereum Onboarding Fund multi-signature (stars1negwpql07lfqsa7mrtvl95y87w44fca38csxky), ensuring alignment with our overarching mission and efficient use of designated resources.

Objectives:

• Primary: Seamlessly integrate the Hedgies community into Stargaze, fostering active engagement

• Secondary: Bolster Stargaze’s cultural significance and reach by focusing on a vibrant, engaged community segment

• Tertiary: Showcase a scalable model for future initiatives and promote cross-platform community growth

NFT Collection Overview:

• Quantity: 5,000 NFTs, exclusively reserved for Hedgies holders, dYdX stakers, and pending availability Stargaze active users

• Distribution: Free, with a priority minting process for Hedgies community members

• Airdrop: Specifically tailored $STARS token allocation for the initial 500 minters (Hedgies holders)

Strategic Approach:

The airdrop’s recalibrated $STARS allocation per NFT aims to resonate with Hedgies community expectations and ensure impactful engagement without fiscal extravagance. A multi-phase WL minting strategy will prioritize Hedgies holders, dYdX stakers, and active participants across both platforms. Surplus $STARS tokens will revert to the Stargaze Ethereum Onboarding Fund multi-sig for future endeavors.

Budget Request:

The airdrop targets the first 500 minters, from the Hedgies holders. It proposes 3,000 $STARS per eligible address. This structured allocation, an estimated 1,500,000 $STARS, balances project impact with fiscal prudence. Budget specifics will adjust based on actual Hedgies holder engagement, ensuring alignment with project goals and resource availability. Any unused funds will be returned to the Stargaze Ethereum Onboarding Fund multi-sig.

The multi-sig will be a 3/5 and consist of:

1. Alucard, Alucard.eth (Discord), dYdX Foundation team || stars1hs6m45t6eya0pp9a8z0z0ktkdf8ds62u4vzwkn

2. Jacob, jacob.stars (Discord), Community Member and Project Manager || stars1shg9gqv9uut8488zkv3rm03n4gdzfhyyldahqr

3. luisqa, luisqa (Discord), Hedgies + Stargaze Community Member and Validator || stars1ze09kc5ackut7wc4pf38lysu45kfz3msnxevj2

4. Serkan, Serkan.stars (Discord), Stargaze team || stars15smlnkdjd85lrlf6lvjgj9tvnx59urapqr48sl

5. suirad, suirad.stars (Discord), Stargaze team || stars1gk97vmzn5l24y97wz5ndgpry0lc03tx4uvgqy9

Multi-sig Address:

stars1c9tj0r7w0ramcdjkn8jenytze2vdamfgk5gruqyxver7h30dlv8s7v5z8v

Governance and Oversight:

Unclaimed allocations will return to the Stargaze Ethereum Onboarding Fund multi-sig, underscoring our commitment to responsible resource management. A multi-sig oversight mechanism ensures compliance with the initiative’s revised objectives and safeguards the project’s integrity and success.

Expected Outcomes:

• Strengthened engagement from the Hedgies community within the Stargaze ecosystem
• A replicable blueprint for targeted community onboarding, fostering future project success
• Strategic resource utilization, with a transparent mechanism for reallocating unclaimed funds, demonstrating prudent governance

Conclusion:

Our goal is to solidify Stargaze’s position in the NFT domain, showcasing a targeted, scalable approach to community integration and project collaboration. This initiative is pivotal in our ongoing mission to bridge NFT communities across blockchain ecosystems.