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W1NTΞR pfp
W1NTΞR
@w1nt3r
gm! @zherring and I have revised our Nouns prop https://www.nouns.camp/candidates/level-up-auction-ux-with-nouns-terminal-1e79b045dc29eae9fdc69673c9dcd7c53e5e159d We're overflowing with ideas of daily experiences that could really mesh well with Nouns auctions!
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Michael Gingras (lilfrog) pfp
Michael Gingras (lilfrog)
@frog
Hey Winter, I love the work here. What are your thoughts on beefing up the client incentives and asking nouns terminal to be a player in the client incentives game? Right now we have many clients all competing to be the “de facto” new auction client and I think it would be more fair to lean into client incentives rewarding clients for their work so the rewards are distributed to all clients as they bring in users. Funding this prop up front feels unfair to the other clients who are competing. What might it take for this to seem like a worthwhile path for your team? Would we need higher client incentives? More transparency around how that works? Thanks for the proposal, I really like your tool and the work you’ve put into the space.
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Zach
@zherring
Appreciate the feedback and context! I wasn't aware of the other clients. Just wanted to share my POV, @w1nt3r should feel free to contradict It's hard to say what amount of fees seems reasonable given how geo/COL weighs against that. I think you can look at opportunity cost as normalizer though, opportunity in crypto is relatively the same globally, all projects are competing for the same number of crypto builders, some better, some worse etc. So just to say, imo, $100k (2.5E X 365 X 5%) isn't enough to really incentivize innovation building given the opportunities in the ecosystem. I can see it properly pays for infra and 1-2 part time maintainers, so honestly, probably, the right fee for a settled product but innovation requires a lot of hours, trial, error, hits, misses etc. and it's, imo, impossible to do well if it's only the occasional focus as folks find time and interest. Potential outcomes either need to be more predictable or have a higher variance in outcomes to incentivize bigger swings imo
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Zach
@zherring
*full message is I wasn't aware of the conversation around the other clients, lol, but I ran out of characters. Love Nouns Swap.
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W1NTΞR pfp
W1NTΞR
@w1nt3r
Zach nailed it. Also if you entertain the idea of a 50% fee, it's likely the clients will start competing for bidders by offering cashback, effectively pushing the fee down to zero (like how MEV searchers pay most of their rewards to block builders)
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Michael Gingras (lilfrog) pfp
Michael Gingras (lilfrog)
@frog
Within* not without
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Michael Gingras (lilfrog) pfp
Michael Gingras (lilfrog)
@frog
Yup great feedback, thanks Zach. I think it would be great to get the conversation rolling without nouns to what it would take to beef up the client incentive program to make it more predictable or comfortable for developers. Re: other clients - nounswap.wtf is acting as an auction site, probe.wtf, pronouns.gg as well. There are a few clients now from teams who I think would all be interested if the client incentive program was beefed up a bit.
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