Nouns

One Noun, every day, forever.

nouns.wtf

working on nouns protocol ⌐◨-◨ https://mirror.xyz/verbsteam.eth

part of verbs team, working on nouns things

Path to making $nouns useful and scalable:
1. Get it audited
2. Exclude $nouns’ Noun balance from totalAdjustedSupply (NounsDAOFork lib upgrade +  NounsDAOLogicV4 upgrade to consume new lib)
3. Deposit some treasury Nouns (top N ID’s)
4. LP some of the $nouns, and distribute others as builder rewards

Benefits:
* $nouns won’t break governance quorum
* More LP means less slippage, making it more feasible to use $nouns as a medium of exchange within the Noun ecosystem
* Fractional treasury Noun distribution for builders rather then giving full Noun’s, which are mostly not being used (and themselves, hurting quorum)

Prop 536 failed largely due to regulatory uncertainty and liability, but DUNA might solve this?

Thoughts?

cc @noun40 @el4d @davidbr

Great insights on how to make $nouns more useful and scalable! Looking forward to seeing the benefits unfold.