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Spencer Perkins
@spencerperkins.eth
IMO, Nouns needs to shift to a long term sustainability mindset, be more mindful of spending and prop impact, and start to operate more like a startup. The runway is quickly shrinking. We need to be proactive, and do things to set the DAO up for long term success, like: * "Revolving Endowment Fund": https://warpcast.com/spencerperkins.eth/0xcb72c32a * Sponsoring props with a revenue split back to the DAO * Decreasing prop runway, anything over 1-3 months should be scrutinized, we should try fail fast and cheaply * ... https://warpcast.com/mikegood/0x8ae035f9
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seneca
@seneca
not clear to me how any of the other revenue streams make much sense / are meaningful in the near-med term. my op is that we should simply lower our spend to match our inflows. if we can rally behind a clear cut metric that constrains us to do that, we can at least start set clear max on the spend.
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Spencer Perkins
@spencerperkins.eth
What part isn’t clear? Diversified revenue streams => increased and more resilient treasury A concrete example, the auction goes to or near 0. The treasury WILL dry out unless we decide to completely stop spending, but might be too late at that point. The “Revolving Endowment Fund” can put the DAOs funds currently sitting in the treasury to work earning low risk yield in Defi. The yield can be used to perpetually fund builders or public goods. Even if the auction goes to 0, this will be a reliable source of revenue. The alternative is spending these funds on much higher risk proposals, which from prop history almost none turn into a substantial revenue stream for the DAO (?). Certainly some of the DAOs allocation should be for purely public goods, but think there need to be a shift to thinking about how we can sustainably continue to do that. Short term lowering spending to match inflows is good, but it means Nouns will be able to fund less and less impactful projects long term.
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