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lucky
@lsankar.eth
who else out here trying novel stuff with bonding curves, other social/attention gathering mechanisms? ie not just copy/pasting friend.tech, but innovating wanna form a little working/ideation group
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ndx 🐉
@ndx.eth
I use a bonding curve on @ensauction in a new way. To naturally prevent spam/noise/junk listings, it uses an upfront "dynamic fee" that is tied to the number of active listings. It also includes some disincentives if you list something at an unrealistic price that doesn't get any bids. Preview the next version here: testnet.ens.auction (mainnet soonTM)
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lucky
@lsankar.eth
I see, so when you list, you have to sell on bonding curve based on other listings initially? So this would only work for very ‘commodity’ names right?
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ndx 🐉
@ndx.eth
Yeah, should work best with names everyone wants, but a big problem with NFT auctions in general has always been getting eyes on the good ones. Hard to hit fair market value on *any* name if you don’t have a big following and your auction is just one of 100,000 listings on a normal marketplace.
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lucky
@lsankar.eth
I think the good ones always get seen tbh. Imo The challenge is in pricing, and I don’t think a bonding curve is the right approach for the seller Ie really what you want is a notion of what ‘categories’ your name falls into that are desirable (ie Pokémon) @articuno.eth curious wyt
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fry
@articuno.eth
Forcing sales will not get you the price you're looking for in an extremely illiquid (dead) market Solving discovery for ens names is a million dollar problem that unfortunately must be preceeded by wider adoption imo
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ndx 🐉
@ndx.eth
I’ve been burned by auctions for exceptional category names in the past on OpenSea. Twitter reach fails and they go for below floor.
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