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Bixbite 👽
@bixbite
Spicy Saturdays: Hot Take …. Burn The Treasury Nouns 🔥 I’m considering putting in a proposal for this, idea would be there would be a set date, say Halloween when the burn would take place…. So everyone can get their swaps in ahead of time. Rationale: giving out Nouns dilutes the governance of active participants…. && historically the % of Nouns given out that are left unused or delegated is larger than those given out that do participate. The dilution of governance was also something I mentioned in Nouncil, thankfully we passed a vote to raise voting participation rate to double the previous metric. I know it’s a spicy topic, but would love to hear everyone’s thoughts…. To burn or not to burn, that is the question. 🤔
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wiz
@wiz
not against. or burn a majority of them so that what’s left are special
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Bixbite 👽
@bixbite
I kinda like @wylin idea where theres a 24hr Dutch Auction.... all the special ones can be bought up, all of the ugly bois get smoked 🔥
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wiz
@wiz
too much of a governance risk. if auctions > demand u open up an arb for very cheap
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Bixbite 👽
@bixbite
We could set it like Lil Nouns VRDGA so theres a min reserve price, say 10% below 30 day auction price, so it starts at say 4eth and drips down to 2.2eth (as an example) .... would need to think through all of the edge cases, but could be interesting.... if it's too much of a risk, then just burn em all [insert elmo fire GIF]
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nuconomy.⌐◨-◨
@nuconomy.eth
They could be all be listed for auction with reserve set at a percentage of average price of the last month. Increases treasury rather than wasting them. Maybe people could apply for a discount. Although it would increase supply and potentially cap base auction value while ongoing without desirable combos.
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