Nouns

One Noun, every day, forever.

nouns.wtf

Path to making $nouns useful and scalable:
1. Get it audited
2. Exclude $nouns’ Noun balance from totalAdjustedSupply (NounsDAOFork lib upgrade +  NounsDAOLogicV4 upgrade to consume new lib)
3. Deposit some treasury Nouns (top N ID’s)
4. LP some of the $nouns, and distribute others as builder rewards

Benefits:
* $nouns won’t break governance quorum
* More LP means less slippage, making it more feasible to use $nouns as a medium of exchange within the Noun ecosystem
* Fractional treasury Noun distribution for builders rather then giving full Noun’s, which are mostly not being used (and themselves, hurting quorum)

Prop 536 failed largely due to regulatory uncertainty and liability, but DUNA might solve this?

Thoughts?

cc @noun40 @el4d @davidbr

My take on this is that an ERC20 token is mandatory to expand our ecosystem and cultivate sustainable growth.

However the key we need to shape in order to unlock the potential, is the value we bake into the token - it can't be solely subject to trading. It's too binary and doesn't create connection.

Value can be:
- Tickets to events funded by Nouns are only available for $nouns 
- Products that are funded by Nouns are only available for $nouns

Obviously we are going to end up in the discussion about "not everyone is onboarded to web3 jadajadajada". 

If that's truly a fear - although I'd rather base it on actual insights, all we need to do is make *better* things that are more *desirable*.

In general, I think we will do ourselves a massive favor by moving away from "onboarding" towards building things that ATTRACT people to Nouns and therefor are eager to leap into acquiring their first $nouns.

attracting > onboarding

nobody wants to be "onboarded" anyways.

⌐///-/// 

🫐

[ nounstown.wtf ]
[ butter.wtf ]
[ /goodbutter ]
[ benjaminlatsko.com ]

Attraction > onboarding is spot on. Build something so good that people want to join, not just be onboarded.