Nouns

One Noun, every day, forever.

nouns.wtf

gm, @davidbr and I are working on the $nouns token, backed by Nouns. 
1M $nouns <-> 1 Noun NFT.

you're invited to read this short spec doc and reply with your feedback.
thanks!

part of verbs team, working on nouns things

gm, @davidbr and I are working on the $nouns token, backed by Nouns. 
1M $nouns <-> 1 Noun NFT.

you're invited to read this short spec doc and reply with your feedback.
thanks!

https://docs.google.com/document/d/1Uz4l8bAPaA2_gsUVZsZo_1dAmggAiYIn5sYba1IK10Q/edit?usp=sharing

working on nouns protocol ⌐◨-◨ https://mirror.xyz/verbsteam.eth

Think I am against allowing people to mint $nouns with nouns. Esp for v1. Not needed for the primary use-case (reward builders) and will increase unproductive speculation . It also makes % exit much more complicated since treasury nouns will be fungible but others will not

clarifying:
1. do you mean you think minting $nouns should be possible only by the DAO? I'm also slightly leaning that way.
2. I didn't understand the part about the % exit complication. can you explain more?

I understand. not sure regarding likeliness of % exit, maybe prop 528 will shed some light? I agree % exit adds a new dimension of non-fungibility to Nouns, which would make less sense with the current "floor nouns" pool. I imagine owners won't deposit a Noun with higher % exit value.

1. Yes (shooting myself in foot here as possible large LP fwiw) 

2. Imo if we move to % exit is possible (likely?) treasury nouns will initialize @book value at time of change. Newly auctioned nouns would all have different exit values though which adds arbitrage and opacity to claim process