0xen 🎩 pfp
0xen 🎩
@0xen
Oof, got no skin in the game but seems like 2021 money is drying up. What next?
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
Nvm what’s next. Arb trade happens freely. Has done already through a few forks. Can also be done via $nouns token. This person hasn’t done any research. Here’s a dashboard where it’s done for them https://dune.com/beetle/nouns-dao-book-vs-auction-value
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0xen 🎩 pfp
0xen 🎩
@0xen
Can you eli5 for a person who sees this chart:
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
Auction price and treasury/token (book value) over time. My point is there has been a method for arbing the treasury since September 9, 2023. And a dashboard for modelling the arb for almost as long. But only the best analysts know… Requires DEEP research:
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0xen 🎩 pfp
0xen 🎩
@0xen
I’m not a deep researcher, admittedly smooth brain, but on a cursory glance it looks like I can buy 100 Nouns a day at current prices for what one cost back in 2021. Is that correct?
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
There’s still only 1 auction per day, but yeah, my quant said your math checks out. Can share a link to his deep research tool with you if interested?
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0xen 🎩 pfp
0xen 🎩
@0xen
You drunk dawg?
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
Recent auctions of 3 eth are indeed 1/100th of some ~300 eth auctions in 2021. If you’re referring to the smooth brain part, I’m right there with you. That’s why i had my quant take care of the math and send me a screenshot.
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0xen 🎩 pfp
0xen 🎩
@0xen
Lol ok, we’re back at square one then. What next?
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
i guess we just have to aim higher
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0xen 🎩 pfp
0xen 🎩
@0xen
I’ll take that bet. Nouns seem cooked
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
which bet?
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0xen 🎩 pfp
0xen 🎩
@0xen
Nvmnd
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Gami ‪⌐◨-◨‬ pfp
Gami ‪⌐◨-◨‬
@gami
🫡
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