nouns-duna

An important Nouns Foundation update:

Exploring a New Legal Framework for Nouns DAO | The Wyoming DUNA https://foundation.nouns.wtf/2024/09/06/duna/

Please read and share your feedback using the urls in the post. Thank you. ⌐◨-◨

Nouns

The key points are in the pic. For those who don’t know, Builder DAO has been a Wyoming UNA (the precursor to the DUNA) since launch. 

And there were A LOT of issues in the beginning with folks outside the US who weren’t aware of the structure when joining. We did offer a brief opportunity to buy out tokens of those who weren’t comfortable with the new structure. (Info about BuilderDAO’s legal structure can be found in our About section)

I like the idea of getting rid of the fork. The arb & idea of “book value” has never sat well with me. Proportional exit is better. 

A lot of you are not going to like the KYC for grants. So one question I have @seneca is how will you handle rounds? For our grants we do require KYC before distribution for anything over $600 usd. 

Overall, I think this is a good move but it will not be without its challenges.

Dropping this here too 

https://warpcast.com/nounishprof/0x63689eac