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Spencer Perkins
@spencerperkins.eth
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
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dotnouns.⌐◨-◨
@dotnouns
I’ve personally never gave up on $nouns and I still think there is a lot of hidden potential in it. That’s why we planned to open the whole $nogs infrastructure to it. If you can convince enough people to start a proper LP then we have everything to succeed! @noun40 maybe you can start to post something about it
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Spencer Perkins
@spencerperkins.eth
Nice! Agree need more LP, but there is not enough $nouns in circulation. Only way to get more is to deposit more Nouns into $nouns. The issue is that $nouns supply can’t currently scale without causing governance quorum issues from the Nouns held there.
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