Noun 40 on Warpcast

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Noun 40 pfp

i’m still convinced that $nouns (nouns backed fungible token; for example 1 nouns = 1,000,000 $nouns) should happen if you have thoughts on the matter share them here in replies or dm me! unless there’s meaningful pushback i’m gonna start pushing for it harder soon

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Noun 40 pfp

basic idea: - dao controlled smart contract takes in nouns and issues $nouns and vice versa - dao takes a small portion of the treasury nouns (eg 50) and mints $nouns and pairs it with eth to put into a uniswap pool to seed liquidity - nouns deposited in the $nouns pool don’t vote and that’s okay

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Crucifore🎩 pfp

I’ll never, ever be in a position to hold a nouns but buying a fraction is very appealing.

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Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

How would you suggest an LP be designed? Any legal concerns from Foundation?

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The Wizard 🧙‍♂️ pfp

The Wizard 🧙‍♂️

Hmmmm, have you seen what Vectorized & his team at Asterix are doing with similar mechanics?

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three9s pfp

+1, a huge benefit from this is that $NOUNS can interop with other Nouns projects (e.g. LilNouns) which really helps consolidate the brand

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Liang /degencast SOON🎩 pfp

Liang /degencast SOON🎩

sounds like a naive implementation with erc404 could do the trick. 1. lock nouns to mint erc404 nft 2. thats it. no step2 needed

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Matthew Fox pfp

Would love to see this Would massively increase opportunity for proliferation and nounish alignment

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TheBower.eth pfp

Definitely worth a shot. We've been making great strides in real world proliferation, but it would be nice to make some noise in our web3 "bubble"

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Wilson Cusack pfp

Imo we limit ourselves if we make it too formulaic to a Noun. Should be like quantitative easing: we need power to mint! 😀 One version is 1000 $nouns are auctioned everyday

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Benjamin ⌐◨-◨ pfp

Benjamin ⌐◨-◨

I don’t have a strong opinion for or against it. I see 2 scenarios: (1) timing launch to expand on existing momentum some time in the future, or (2) launch asap to “reward” OG community members

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w-g pfp

@jarmen idea to allow to settle/redeem from regular auction cadence is best, imo. this way the rewardee plays the same game as other members and there’s no contention around treasury nouns. Counterargument ofc is that fractional tokens will almost certainly trade at a discount to nouns which is culturally not ideal

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Satori pfp

I really feel like this should be integrated with NNS and $NOGS somehow

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Adrià Masnou ↑ pfp

Adrià Masnou ↑

@adriamasnou.eth

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rocketman pfp

yoo - we have been working on a novel Nounish token issuance mechanism for over a year now uses continuous VRGDA to issue ~1000 $vrbs every day, forever in Vrbs DAO. want to help bring the same mechanism to Nouns to blow open accessibility and treasury revenue incentives, let's chat

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GAMI (6,9) pfp

why not /nouns backed by $nouns instead? mcap of the latter would surpass former pretty quickly if done right (at least for some time)

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mel | innvertir 🍄 pfp

mel | innvertir 🍄

Sounds fun for sure, but it would "technically" always have a capped supply, and would there be any benefit on depositing the Noun to mint? Some kind of yield would be fun... Ok I think I can see it, definitely worth exploring

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Liang /degencast SOON🎩 pfp

Liang /degencast SOON🎩

@channelmod.eth save

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@channelmod.eth

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