Nouns

One Noun, every day, forever.

nouns.wtf

wondering whether a $NOUNS meme token would do us good 🤔

paging @jacob i feel like you'd have thoughts here

probably involve retroactive airdrop to community members + holders

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.

Benefits:
+ Nouns now has a currency it can spend and stream in props
+ $NOUNs max supply is bounded to Noun supply
+ $NOUN is always backed by Noun or requisite ETH value
+ Could be used as the currency for Mints, auctions of subDAOs and probably a lot of other things. 
+ Requires no protocol change for the DAO

This model would work for any NFT collection that had a good onchain price you could rely on for the redemption stage. 

You need this because otherwise you could grief the contract by depositing a Noun, getting 1M Noun and then burning 1, locking it forever. Allowing payment of ETH up to a certain % (probs 5%) helps