Nouns

One Noun, every day, forever.

nouns.wtf

Let's revive $nouns!

We want to leverage $nouns to bring our @esports audience onchain while maintaining long term economic alignment with Nouns ⌐◨-◨

Bringing esports onchain. We’re a /nouns community — nouns.gg — /nouns-esports

Let's revive $nouns!

We want to leverage $nouns to bring our @esports audience onchain while maintaining long term economic alignment with Nouns ⌐◨-◨
https://www.nouns.camp/candidates/scaling-nouns-with-%24nouns-68a2ad5b63ab374fc5f6f7d1fb5f41b267035868

Love the initiative and team.

My concern as someone who hasn’t explored this: is there a way for the price of $nouns to fall a bunch and for us to lose a bunch of eth?

Building things that help communities build on the Internet /comint @tenfold
Past: AI and crypto rubinovitz.com

If the price of $nouns deviates from the price of 2.5 ETH per 1m $nouns the liquidity position will experience impermanent loss. 

You can think of a liquidity position like a scale where perfect balance in this scenario is 2.5 ETH per 1m $nouns. When someone buys $nouns they are adding to the ETH side and taking from the $nouns side of the scale, and vice versa. We can remove our position from the scale at any point but only at the current ratio of the scale.

So yes there is a risk where people dump $nouns and we lose ETH but since its pegged to the price of Nouns an arbitrage opportunity would arise if it deviated too far from auction prices.

I think part of the goal also is that $nouns becomes the secondary market for Nouns instead of OpenSea or Blur, driving more trading activity into the token.