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Cole Perkins
@coleperkins
Do treasury swaps help drive auction purchases? Let's look at the onchain data. In the past 40 days, there have been 5 treasury swap offers: 3 passed and 2 are still candidates. All 5 Nouns involved in these offers were purchased at auction. For 3 of these offers, the Noun was purchased at auction and a swap candidate was created within 48 hours. We are also seeing this behavior in the $NOUNS instant swap contract, where Nouns are purchased at auction and instantly swapped. Ultimately, the decision on whether treasury swaps are beneficial lies with the DAO, but the data is interesting.
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Ben
@jarmen
Oh the one-a-day meme sorta helps here.
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