The idea
Instead of one person funding the crown position, many people contribute ETH to a shared contract. Every exact contribution mints transferable ERC-1155 units. Those units represent a proportional claim on rewards and the campaign’s eventual settlement—not a promise that the ETH will remain intact.
From pot to crown
The community funds a fixed target before the deadline.
A supplier transfers the chosen Friendship Bracelet into the vault.
The vault lists it on FWA and adds enough ETH backing to take the crown atomically.
FWA rewards are checkpointed and distributed according to unit ownership.
Defending the position
If another listing overtakes the DAO, anyone can open a defense round. Existing holders receive pro-rata contribution rights first. They may ask for additional units, and any remainder can then open to the public. New defense capital mints new units, so holders who do not participate can be diluted.
Governance and exit
Governance is intentionally narrow. Snapshot unit holders can vote only on withdrawing the complete FWA position. There is no administrator with general treasury powers. After withdrawal, holders redeem units for their share of the remaining assets.
The important risk
The crown can be purchased away.
FriendshipDAO’s ETH backing is a standing offer. If FWA’s purchaser accepts that offer, backing may be paid out and the vault may receive only the Friendship Bracelet in return. Participation can lose most of its ETH value.
The contracts are experimental and unaudited. Smart-contract, market, governance, integration, and liquidity risks remain. Participate only if you understand the possibility of a near-total loss.
Built in public
The vault has no database, proxy, owner, or arbitrary execution function. Balances, votes, defenses, rewards, and settlement are derived from the chain.