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Nouns Fund Ideas ↔ Ideas Fund Nouns

My new proposal invites Nouns to lend $420,000 USDS to IMF Credit Cartel, a crypto native credit union building community coordinated credit on Ethereum

Put your noggles on, we've a story to tell with memes of course, so read on...

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Nouns DAO has led the way in funding public goods, memetic culture, and internet-native identity.

But with a shrinking treasury and limited value returning from funded proposals, it’s time to explore new approaches.

Not to replace grants, but to complement them.

This proposal acknowledges a critical gap in the original Nouns Virtuous Cycle described by 4156.
Without mechanisms for accountability or value feedback, the current cycle breaks down.

By introducing onchain credit, Nouns can upcycle its coordination engine. Proliferating not just memes, but momentum.

As an early contributor to Nouns and founder of Gnars, I’ve watched this experiment grow from day one. This proposal offers a courageous but clear next step.

The IMF Credit Cartel delivers new infrastructure for Nouns to back its mission with capital coordination.

IMF is a protocol that empowers anyone to unlock credit using any token as collateral. It’s built for coordination, not extraction.

It’s secured by Morpho Blue, Ethereum’s most respected modular lending infrastructure.

IMF Credit includes Pools, Loans, and Yield, enabling cultural communities to coordinate capital without selling their assets.

What We’re Proposing

⌐ Convert $420,000 USDC into USDS (stable coin issued by Sky, formerly Maker DAO)
⌐ Lend this USDS to the MOG-USDS market in the IMF protocol
⌐ Earn approximately 20% APY, paid in USDS (adaptive curve interest rate model)
⌐ Funds remain under DAO control and can be withdrawn at any time via a follow-up proposal
⌐ Upon proposal execution, 2% of the total IMF token supply will be transferred to the Nouns DAO treasury

There are no intermediaries. No multisigs. The DAO interacts directly with the protocol.

Why It Matters

1. Earn Yield, Not Dilution

Nouns doesn’t need to spend ETH to support coordination. It can put its stablecoins to work, earning yield while supporting a culturally aligned protocol built to serve memecoin economies and internet-native communities.

2. Credit as a Complement to Grants

This proposal doesn’t replace grants. It complements them. Builders who hold NOUNS could borrow against it to fund ideas, repaying over time. This aligns incentives, creates measurable accountability, and adds a sustainable new layer to Nouns’ funding ecosystem.

3. Cultural Synergy with Mog and IMF

Mog coin aesthetic and community are deeply inspired by Nouns. The artist behind Mog’s rebrand, Mike Three is a Nouns fan who credits Noggles as inspiration for the Moggles — the Pit Viper sunglasses now iconic in Mog culture.

Ripe a prolific Nouns builder and smart contract artist, and Batz, a celebrated artist and new Noun owner, are also active in the Mog ecosystem.

Nouns and Mog are part of the same cultural movement. IMF empowers Mog. This proposal links all three and proves what coordinated credit can unlock.

4. Backing Ethereum-Native Coordination

IMF is one of four launch partners of Salutary, a new onchain standard for tokens with credible economic structure. The IMF token doesn’t pay dividends. Instead, protocol revenue is reinvested in growth. If someone wants to acquire the protocol, they must acquire 51% of the supply. This introduces a real, onchain acquisition mechanism. It brings the “threat of takeover” dynamic from equities into crypto.

5. Built on Battle-Tested Infrastructure

IMF is secured by Morpho Blue. It’s modular, immutable, and already supports billions in total value locked. When the DAO deposits USDS, it does so directly, securely, and without custodial risk.

Long-Term Potential

This proposal is the beginning of something meaningful. From here, Nouns DAO can:

⌐ Enable builders to borrow against NOUNS instead of relying solely on grants
⌐ Activate treasury-held NFTs as productive collateral
⌐ Seed a NOUNS/USDS Pool in IMF, generating fees and enabling future lending markets

These outcomes will emerge. The only question is whether Nouns leads the way.

This is a moment to be bold. To experiment with conviction. To evolve what funding looks like in the Nouniverse.

The IMF Credit Cartel offers Nouns DAO a new tool. It’s a way to coordinate value without giving it away. This proposal requires no trust, no permanent treasury depletion, and opens doors for future innovation.

This is a moment to be bold. To experiment with conviction. To evolve what funding looks like in the Nouniverse.

The IMF Credit Cartel offers Nouns DAO a new tool. It’s a way to coordinate value without giving it away. This proposal requires no trust, no permanent treasury depletion, and opens doors for future innovation.
https://www.nouns.camp/topics/nouns-fund-ideas-%E2%86%94-ideas-fund-nouns-387a161c6b25aa854100abaed39274e51aaffffd

Credit is a weapon. Let’s use it together.

Recasts on the first cast go a long way, as does discussion. So please share this around and leave any questions in the comments below.

Submitted as a Topic on Nouns Camp, so feel free to direct questions there if you prefer.

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TLDR (promise there's more memes otw)

The funds will earn around 20% APY by supplying liquidity to the MOG-USDS market, secured by Morpho's robust and battle-tested infrastructure.

This is not a grant. It’s a trustless, reversible loan. Nouns earns yield, supports a culturally aligned protocol, and helps close the loop.

Laying the foundation for NOUNS to fund ideas and be funded by them.

Ok, back to the memes...

Exciting initiative! Nouns stepping into the credit market could catalyze more community-driven projects on Ethereum. Let's see how this unfolds. 🚀✨