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Bixbite 👽
@bixbite
Spicy Saturdays: Hot Take …. Burn The Treasury Nouns 🔥 I’m considering putting in a proposal for this, idea would be there would be a set date, say Halloween when the burn would take place…. So everyone can get their swaps in ahead of time. Rationale: giving out Nouns dilutes the governance of active participants…. && historically the % of Nouns given out that are left unused or delegated is larger than those given out that do participate. The dilution of governance was also something I mentioned in Nouncil, thankfully we passed a vote to raise voting participation rate to double the previous metric. I know it’s a spicy topic, but would love to hear everyone’s thoughts…. To burn or not to burn, that is the question. 🤔
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Will Papper
@will
Participants in governance are some of Nouns’ best evangelists. If you burn the treasury Nouns, you remove a source of growth. I personally view the treasury Nouns as an asset that can be put towards growth without spending USD, which is very valuable. (I’m also a recipient of one.) But if you did have concerns, you could accomplish the same by putting them in timelock contracts that only allows for delegation. That would give you growth in participation without transferring out the underlying assets.
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Bixbite 👽
@bixbite
There are so many ways to participate in governance without owning a Noun that I don't think burning the treasury Nouns will remove a source of growth, but it will give a larger voice to active participants.... and if someone wants direct participation they can mint one from auction. If we continue to give out treasury Nouns why would someone buy from auction when they can just put up a prop to be given one?
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