Nouns

One Noun, every day, forever.

nouns.wtf

i'm just not as confident as you that $nouns liquidity (around floor price) would be less than nouns. my guess would be that 6 mo after the launch of $nouns the slippage to buy 5 nouns would be less via $nouns pool than opensea/blur (secondary)

Helpful framing. 

100eth says this is wrong, and that it won’t be close. 

Also throwing in that bids will be more liquid on nft mkt vs LP for free. 

If we have a bet I may even vote FOR 🫠

One possible outcome - if $nouns falls below the Noun value represented, the well capitalized will still buy and redeem for Nouns, but small buyers will face problems coordinating to redeem and will either sit on the tokens or sell at a loss.

In this situation backing with Nouns could act more as a price ceiling.

In this case there's either minimal liquidity, or a consistent downwards pressure on token price.