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Elad
@el4d
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
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Will Papper
@will
Do you want to provide any soft or hard guarantees that $NOUNS will always be redeemable for a Noun? Most DAOs (besides Nouns DAO) end up wanting to play with many assets, and I could imagine holders wanting to invite other communities in Changes the dynamic if there is non-Noun collateral redeemable in the DAO
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Elad
@el4d
I think we keep it as simple as possible. Support only deposit/redeem of Nouns for $1M $nouns. If you want to do more complex things, you can do them on top of $nouns. No?
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Will Papper
@will
Makes sense. That sets a good intention. Viewing $NOUNS as purely Nouns, and any other NFT communities as having their own version, should help reduce the tendency of holders to want to expand to other assets. I think that as long as this messaging works its way into the governance framework it’ll be straightforward
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