Nouns

One Noun, every day, forever.

nouns.wtf

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

there’s two paths floated for $nouns:

1. allow ppl to convert nouns to $nouns at a fixed ratio (eg 1 noun = 1,000,000 $nouns)

2. issue a separate token supply that the dao manages / sells.

i lean #1 b/c i don’t like the idea of managing two token supplies… but @wilsoncusack thinks #1 is limiting.

thoughts?

Here’s an idea:

Allow converting of 1 Noun to $nouns, and issue the rest on a continuous VRGDA

The VRGDA lets us target an issuance over time eg: 1000 $nouns sold every day, and blows open a world of opportunity for people to build on top of Nouns and earn $nouns vs having some centralized way to issue tokens

bringing the makers together 

/nouns /vrbs

yea true - I’m mainly bullish on the idea of buying/earning $nouns and growing the treasury hence the VRGDA supply issuance idea ($$ spent to buy goes to treasury)

that way it’s more linked to value accrued to treasury which traps speculation in the public goods loop

compared to having a separate market for it

if allowing ppl to buy $nouns is the concern, #1 definitely encompasses that. the dao could mint $nouns via treasury nouns and LP paired with eth to provide liquidity. overtime liquidity will emerge anyhow. being able to buy will not be an issue