Nouns

One Noun, every day, forever.

nouns.wtf

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

part of verbs team, working on nouns things

it's frustrating that the ethereum foundation sell eth to fund their operations, when instead, they could deposit eth into spark and borrow dai, later paying down the debt as eth's value increases.

how hard would it be for nouns to do this? 

cc @el4d @davidbr ⌐◨-◨

do you think there will be consensus for this? in the past the dao was actually suggesting selling ETH into USDC for the fear of ETH going down. borrowing dai against eth would be the opposite.

International Meme Fund

I make money while i sleep. DeFi and debt maxi.

Meme quant @ /imf

so long as liquidation price is low enough. borrowing at a low and safe ltv. def the kinda stuff we could model out in jupyter

see if it’s worthwhile and consider risk. at /imf we can unlock borrow on almost any asset. including $nouns beyond a certain milestone

so i’m currently in this head space with my cofounder @napenjoyoor who’s an og defi quant dev. along with our econ phd who’s also deep defi 

some of australia’s best builders have come together in sydney. been so exciting

what you guys been cooking lately?

Generally speaking I think doing treasury management as a DAO is not a great idea. Could maybe work if someone external was managing it, but not sure it’s worth it.

A few potential upgrades coming up in the next few weeks. Stay tuned.