Transfer Builder token on Base to the Treasury&&As a part of the Bali upgrade, Purple was migrated to Base via the Migration helper. As a result, members now hold identical tokens on L2 to match their previous holding on L1. Auctions were resumed on Base and the treasury was migrated.
As a part of the migration, tokens that were held in contracts on L1 are sent to aliased addresses on L2.
- [The mainnet treasury still holds #113](https://etherscan.io/token/0xdf9b7d26c8fc806b1ae6273684556761ff02d422?a=0xCF5A09D5BA584F2a301e2164E688CC9058Bcd133)
- [The aliased address for the treasury holds the Base #113](https://basescan.org/token/0xe8af882f2f5c79580230710ac0e2344070099432?a=0xe06b09d5ba584f2a301e2164e688cc9058bce244)
Ideally, we can transfer to the Treasury directly: [0xd1a84b374f...c6179c8376a](https://basescan.org/address/0xd1a84b374fd0b9466c1e99ddce15dc6179c8376a)
[Check out the full proposal on Charmverse.](https://app.charmverse.io/purple/builder-delegate-update-06451848546342775)
Custom Tx attached:

Most of our onchain activity has moved to Base, and it seems like that is also the case for most Farcasters. If we need to have assets on L1 we can bridge back at a future date.
This is the right thing to do as people who joined Purple after the migration to Base have no Governance rights on this Treasury. If we don't unify the Treasuries it's effectively a fork.
Migrating Purple to Base - The Final Chapter&&### TLDR
This is a proposal to bridge the remainder of the treasury from our mainnet treasury to our new treasury on Base.
### Details
This is the fourth and final proposal to migrate Purple to Base. The transaction to be executed on this proposal will bridge the remainder of our mainnet treasury to our new treasury on Base. This is a follow up from [Prop 59](https://nouns.build/dao/ethereum/0xa45662638e9f3bbb7a6fecb4b17853b7ba0f3a60/vote/59).
The proposals required to completely migrate:
- Pause the auctions (Complete)
- Migrate to Base (Complete)
- Bridge the mainnet treasury (This proposal will complete this step)
The details of our migration are in Prop 57, [Migrating Purple to Base](https://nouns.build/dao/ethereum/0xa45662638e9f3bbb7a6fecb4b17853b7ba0f3a60/vote/57).
### Our new treasury on Base
This is a smart contract Treasury on Base and will only accept assets on Base.
[0xd1a84b374fd0b9466c1e99ddce15dc6179c8376a](https://basescan.org/address/0xd1a84b374fd0b9466c1e99ddce15dc6179c8376a)
Migrating Purple to Base Part 3 Bridging the Treasury&&### TLDR
This is a proposal to bridge 10% of the Treasury (2.4E) from our Mainnet Treasury to our new Base Treasury.
### Details
This is the third Proposal of three to migrate Purple to Base. The transaction to be executed on this proposal will bridge 10% (2.4E) of our Mainnet Treasury to our Base Treasury.
The Three Proposal required to completely migrate:
- Pause the auctions (Complete)
- Migrate to Base (Complete)
- Bridge the Mainnet Treasury (**This Proposal**)
The details of our Migration are in the proposal [Migrating Purple to Base.](https://nouns.build/dao/ethereum/0xa45662638e9f3bbb7a6fecb4b17853b7ba0f3a60/vote/57)
### Our new Treasury on Base
This is a smart contract Treasury on Base and will only accept assets on Base.
0xd1a84b374fd0b9466c1e99ddce15dc6179c8376a
Purple’s goal is to proliferate and expand the Farcaster protocol and ecosystem.ipfs://bafybeigofz5ao63vehylvbgx5ikcjfualns4xpx5gmibdojeaydq7khviy/Farcaster%20Purple-8A63D2.pnghttp://purple.constructionhttps://api.zora.co/renderer/stack-imagesipfs://bafybeicgbht7tn5mjnsrx6zo5uyz6xnbycjlstvwooh54shonb7s46x72a/
I like Base, but am personally in favor of OP Mainnet as the chain for Purple given our mission of being independent stewards of the ecosystem - if we're committed to being on the OP Superchain, why not use as vanilla a version as we can?
Migrating Purple to Base Part 2&&### tldr
This is the second Proposal of three to migrate Purple to Base. The transaction to be executed on this proposal will officially deploy Purple's DAO contracts on Base.
One final Proposal will be required to bridge the Mainnet Treasury (staring with 10%) to the new Treasury on Base.
The Three Proposal required to completely migrate:
1. Pause the auctions (Complete)
2. Migrate to Base (this Proposal)
3. Bridge the Mainnet Treasury (Next and can happy as many times as we want)
The details of our Migration are in the proposal [Migrating Purple to Base.](https://nouns.build/dao/ethereum/0xa45662638e9f3bbb7a6fecb4b17853b7ba0f3a60/vote/57).
Purple is Based.
When we launched Purple on October 25, 2022 Base did not exist and L2 were not very well used. Fast forward 17 months and it feels archaic to be voting on an L1. Crypto moves fast and Base played a large part in changing that sentiment. Farcaster builders have embraced Base with dapps, frames, meme coins, etc. Many of our members are building on Base. Base has great liquidity and people buy NFTs on it regularly which makes it a good fit for expanding our Treasury, for DAO engagement and for supporting Farcaster builders.
Migrating Purple to Base&&### TLDR
There has been overwhelming demand from the Purple Membership to move our contracts from Mainnet to an L2. High Mainnet costs are an impediment to voting and ultimately engagement. BuilderDAO has released their latest contacts, Bali, which can be used to migrate DAO's using builder protocol on Mainnet to a Superchain L2 (OP, Base, Zora). Several polls conducted in /purple showed a strong, soft consensus for Base. This is an onchain vote for Base.
### The Process of moving to an L2
Moving to an L2 happens in the following steps:
1\. Pause the Auction and update Governance Settings (This prop)
- We must Pause the Auction to migrate to an L2.
- We are changing the Vote period from 4 days to 2 day to minimize the length of time our Auctions are Paused.
2\. Migrate the DAO to Base
3\. Unpause the Auctions on the new Base contracts and change the Governance Settings back to a 4 day Voting Period.
4\. Bridge the Mainnet Treasury To Base
- We can bridge any amount we want and as many times as we want. A smart default would be to bridge 10% of the Treasury to Base and then the rest at a later date.
[The Migration Flow](https://hackmd.io/Ya5YSazNQBepCn7brf21xg?view#Step-3)
### Implications of this Move
1\. Pausing the Auction
- The Auction will be Paused for 6-8 days.
- Loss of Revenue for that time period.
- No new members joining in that time period.
- No new Proposals in that time period.
2\. Upgrading to Bali
- Running on the latest Builder Protocol Contracts
- Introduction of Protocol Fees.
- 2\.5% of Auction Sales go to BuilderDAO for maintenance and future development of the Protocol.
- 2\.5% Referral Fee to the app where the winning bid is placed.
3\. Purple will be on Base
- Low transaction costs!
- Opportunities for more interactions with Frames
- We have many Base builders in the DAO and there are many Base app in the Farcaster ecosystem, which creates better alignment and composability for Purple
[About Bali](https://nouns.build/dao/ethereum/0xdf9b7d26c8fc806b1ae6273684556761ff02d422/vote/87)
[Bali Spec](https://hackmd.io/peXISQ2CSQOwRGmvpUpK9A)
### Implications of the transactions in this Proposal.
The transactions in this Proposal:
1\. Pause the Auction.
2\. Change the Voting period to 2 days.
### What is next
If this Proposal passes, upon execution there will be another Proposal to Migrate to Base.
### Additional Reading
[The Migration Flow](https://hackmd.io/Ya5YSazNQBepCn7brf21xg?view#Step-3)
[About Bali](https://nouns.build/dao/ethereum/0xdf9b7d26c8fc806b1ae6273684556761ff02d422/vote/87)
[Bali Spec](https://hackmd.io/peXISQ2CSQOwRGmvpUpK9A)
I am abstaining from this vote due to a conflict of interest, as Bright Moments was a cosponsor of the event.
I attended the event as a guest and was impressed with the quality of the exhibition as well as the turnout. Kugusha.eth is a true community builder.
The meetup looked incredible and I heard good things from people who were there. A rare case of FOMO for me. URL to IRL continues to be an important way to strengthen the protocol.
Purple co-sponsor Farcaster Meetup in Paris&&## TLDR;
This proposal funds the sponsorship of the Farcaster Community Meetup in Paris on February 20, 2024, hosted at [CØR studio](https://cor-studio.fr/) rented from [Superchief Gallery](https://www.superchiefgallery.com/). The requested budget is 0.3 ETH. As the date of the meetup is too close, this proposal is suggested to be executed retroactively.
Event link: [https://events.xyz/3bdc96c1](https://events.xyz/3bdc96c1)
## Description
The end of February in Paris is set to be a busy time for the web3 space, with two major events [Bright Moments Paris](https://www.brightmoments.io/paris) (February 21-24) and [NFT Paris](https://www.nftparis.xyz/) (February 23-24). A lot of people are travelling to Paris these dates and with the increasing presence of art on Farcaster, it was decided to host a community meetup the day before these main events.
Initially expecting around 40 attendees, we now have 105 confirmed attendees a day before the event, with a venue capacity of 120 people. The meetup's general theme is centered around art and community vibes. To showcase Farcaster art, [artists and collectors have been encouraged to submit their artworks for display](https://warpcast.com/kugusha.eth/0xaebc5430) on a digital screen in the gallery during the meetup. The playlist consists of community-submitted artworks, including a few Purple Season 2 tokens. The POAP for this meetup was created by French artist @pierrepauze.
Due to higher than anticipated demand, we are requesting additional funds to cover extra costs.
Entities currently involved:
- Bright Moments, which allocated initial funding through their community grants program (covering the location costs) + providing the artwork display tech during the event.
- Base, which is providing Based pizzas.
The meetup is hosted by [@kugusha.eth](https://warpcast.com/kugusha.eth) with support from [@pauline-unik](https://warpcast.com/pauline-unik), [@pedrowww](https://warpcast.com/pedrowww), and members of the Bright Moments team.
## Budget
We propose a budget of 0.3 ETH to cover expenses for this event, including drinks (wine, beer, soft drinks) for attendees.
At today's exchange rate, 0.3 ETH is equivalent to 817 EUR. The expected number of attendees is 120.
## Multisig
A new multisig wallet between [@kugusha.eth](https://warpcast.com/kugusha.eth), [@henry](https://warpcast.com/henry), and [@pauline-unik](https://warpcast.com/pauline-unik) has been created for this proposal at the mainnet address: eth:0xf4bE55a8063BEbb5473ab958067dfD9e385CD07d.
The multisig members, who are the meetup organizers have agreed to approve/deny reimbursements on behalf of the DAO.
Farcon 2 is an important event to strengthen the Farcaster protocol. Thank you Graham for handling Governance with grace and to the entire volunteer Farcon team for your tireless work in putting it together. Helping make sure the hackathon is great and that the event comes with high quality artifacts are impactful ways for the Purple Treasury to be involved.
What better place to proliferate and expand the Farcaster protocol and ecosystem than at the main event itself. It only makes sense for Purple to have a strong precence at Farcon. I won't be there, but I hope to support from afar and I look forward to seeing all the amazing updates!
> Support from Purple will help us ensure the influence of the community is well represented when weighing the tradeoffs that have to be made during planning.
Hugely in support of this! Purple is all about community, and this is a great opportunity to help promote that.
I believe investing in the IRL experience is key to continuing Farcaster’s growth. This team is already doing a lot of important work and the funds should help them make the experience even better.