Nouns
A channel for Nouns and Nounish things.
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I've got a new Nouns DAO proposal in the works for the launch of an official NounStrategy ⌐◨-◨
Deployed by nouns.eth, by way of onchain governance proposal, and powered by NFTStrategy. My proposal will only ask for a modest grant to cover some time and expenses to get this off the ground.
The Perpetual Noun Machine is an automated protocol designed to get exposure to Nouns DAO forever.
How it works:
1. An ERC20 token gets deployed to a Uniswap V4 pool with a hook that enforces a 10% buy/sell fee. Starting market cap is $50k with 99% of tokens added to LP and 1% to Nouns DAO treasury
2. Whether bought/sold, fees pool up in ETH, with 8% to the Noun accumulation pool, 1% to Nouns DAO treasury, and 1% to buy and burn $PNKSTR (the PunkStrategy protocol token that powers it all)
3. Once the accumulation pool reaches the threshold for a floor Noun purchase, anyone can execute a buy and re-list at 1.2x, and when it sells, all of the ETH buys and burns the official $NOUNSTR token
This continues forever, and I've reached out to the team to ensure Nouns voting delegation can be passed through, to avoid bricking DAO governance in case of significant traction.
I see this as a great opportunity to expand the Nouniverse, generate secondary volume, attract new auction bids, distribute dormant treasury Nouns, and inspire a new era of experimentation among nounsfolk.
Also, to deter snipers, buy fees start at 95% and decrease by 1% each minute, eventually resting at the 10% mentioned earlier.
Follow @NounStrategy with notis on!
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