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martin ↑
@martin
wondering whether a $NOUNS meme token would do us good 🤔
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martin ↑
@martin
paging @jacob i feel like you'd have thoughts here probably involve retroactive airdrop to community members + holders
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jacob
@jacob
ive been sitting on this trustless model that would work. It would allow you to deposit Nouns into a single $NOUN currency. 1 Noun = X $NOUN. It works because you can rely on the onchain trailing auction price to allow for seamless redemptions. Compared to Nounlets or fractionalizing per noun it's all one thing.
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jacob
@jacob
hi @willprice how would you arb this?
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Will Price
@willprice
buy cheap Nouns wait for moving average to drop below 80% of BV use ETH to redeem enough Nouns to trigger fork or buy cheap Nouns buy expensive Nouns for 7 days to increase moving average redeem suggest removing the moving average stuff, allowing mint for BV plus fee, allowing redeem for BV minus fee
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@pip
$nogs
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