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w-g
@w-g
if interested in giga-funding rounds &/or improving odds of a liquid $nouns token launch, consider reading this candidate ty https://www.nouns.camp/candidates/stake-1k-in-rounds-32d1a53f6709a03f4b6cf4cb0501204ba188d4f5
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cone70
@noun70
The more neutral way toward this is The Burn. Teams like prop house can then choose their level of long term funding by proposal and the DAO can approve these case by case. IMO a mistake to divert eng resources to client incentives and erc20s over The Burn.
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w-g
@w-g
Agree if we were in a world with healthy exit incentives but am against 🔥 until we adopt % exit, when it think it becomes likely appropriate/needed. BV-burn is an economic death spiral since it allows for free-riders in the price>bv mode as we’ve discussed before. All (esp arbers) needs to pay the same theta bill
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w-g
@w-g
(Also it’s just incorrect to tie the option price to intrinsic value..meaning a falling noun price is not the right thing to define burn rate, but the volatility of the noun price. It’s an options thing; can basically think of black-scholes modified for a perpetual context..volatility is the parameter that matters)
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