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Noun 40
@noun40
a high conviction nouns thought that i developed during the bitcoin etf led nouns break was that we need a fungible token for nouns (i'm aware of nogs but we need something redeemable for actual nouns + has real liquidity; nftx was a thing for a bit but never had liquidity)
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martin ↑
@martin
could we start our own DAO-sponsored NFTX-like pool, seeded with some Nouns and ETH from the DAO for initial liquidity?
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SQX
@sqx
The answer is yes and the dao reaps rewards. Lils does this and has this.
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javery.eth 🎩 (🦧🕳️)
@javery
NFTX has just release V3 which offers concentrated liquidity, so the amount deployed on the current NFTX pool will make for tighter spreads (and fees are paid in ETH)
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Noun 40
@noun40
is concentrated liquidity the main change in v3?
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SQX
@sqx
Seems that as well as rewards for lp in eth. As opposed to native token.
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javery.eth 🎩 (🦧🕳️)
@javery
I added in a proposal on the discord to move across the V2 to V3. Pros: - Will free up 100 NOUNS and ~8ETH for the DAO - Maintain current (better) price ranges - Earn fees in ETH Cons - Need to pay gas to setup and migrate (~0.5 max)
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