Nouns DAO (legacy) - treasury-management (Q5067)
From Nouns Dev
A Nouns discord channel.
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Nouns DAO (legacy) - treasury-management |
A Nouns discord channel. |
Statements
<@603240181050638346> seems to have a very good handle on the practical side of implementing various proposals.--If we were to go in the direction of staking some eth would it be best to perhaps stake 1% of treasury (or even just 0.01 eth) as trial? Or would stand protocol be to just vote on the end final result rather than in stages?
Based on the conversation, it seems that the idea of staking a small percentage of the treasury as a trial was discussed, but no definitive answer was given. The conversation included suggestions for different percentages and potential risks, but no clear consensus or final decision was reached.
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<@910382387983179797> would you trade your noun for a noun in the first 50? First 20? First 10?
Noun 19/Cookie Nounster#3464: <@910382387983179797> would you trade your noun for a noun in the first 50? First 20? First 10?--Answer: Probably not.
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Also I’m confused how can new members join the dao forever, don’t daos have to be capped at some #?
GuyZalaxy#1925's question about whether DAOs have to be capped at some number was addressed by Noun 12#8966, who explained that there is no cap on DAO members and that there are hundreds of DAOs with more members/public keys than 200. They also mentioned that Nouns DAO benefits from a constant refreshing supply of new members and that the cadence of auctions can be changed in governance.
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Are the economics of sETH not expected based on making ETH2 not tradable until after the merge? Looking at crypto, wouldn't one expect that the first thing that would happen would be the creation of a derivative, and that the nature of liquidity would make that derivative winner take all? It seems like hopium to expect that something else would have played out here (reminds me of soulbound nfts tbh). Does this problem not go away on its own once beacon chain withdrawals are possible?
Yes, as soon as the conversion is liquid the peg will restore. The problem is expected to go away on its own once beacon chain withdrawals are possible.
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are we planning on transferring/buying the nouns.eth domain into the DAO?
Yes, there are plans to transfer the nouns.eth domain into the DAO. 4156#9052 mentioned that the domain is currently in the foundation's multisig and that they will ask the board about transferring it to the DAO directly.
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By investing in other NFT projects, aren't we just giving those owners exit liquidity and possibly transferring our goodwill to their project for a not so great return?
By investing in other NFT projects, aren't we just giving those owners exit liquidity and possibly transferring our goodwill to their project for a not so great return?--MikeMcDonald#3707: We're absolutely giving them exit liquidity. The hope is that this works as effective advertising to have people who believe in that project believe in our project.
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can’t one just do it through a CEX? Sell DAI for fiat, send fiat to bank account. -Are you concerned about the slippage when converting to fiat?
Yes, one can sell DAI for fiat on a centralized exchange (CEX) and send the fiat to a bank account. The concern about slippage when converting to fiat may not be significant, as stablecoin/USD trade fees might be low enough on exchanges. It's worth double-checking on exchanges like Coinbase for less sophisticated users.
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does one get sETH in secondary market or from depositing with lido?
Yes, one can get sETH in the secondary market or from depositing with Lido. Islandprime59#9223 mentioned that the market is pretty efficient it doesn't really matter but yea probably deposit.
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for any given auction do not exceed 20% of average settle price of the last three (3) auctions Should this be 120%? When would we expect a Noun to go for that far below the most recent 3 auctions?
Yes, the intention is 120%. It’s an edge case some were vocal about pricing people out of a stellar Noun since the treasury can effectively net 0 on its winning of the auction. So a somewhat arbitrary percentage was chosen to address it.
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Gm everyone! Catching up on discussions while having my morning coffee. Love the thoughtful comments!--I think there’s a strategic decision to be made by NounsDAO with regard to treasury management:--A. ETH-only -B. staked ETH - a low-risk, conservative and passive strategy-C. DeFi yield generation - actively managed yield generation --I would argue in favour of A or B given the early stage NounsDAO is at. This could be a decision that we take for the next 365 days and revisit it annually. --Let me explain the reasoning. As much as I love yield generation, and hate to see the treasury ETH “just sitting there” I think we should be mindful about where we direct our attention and efforts. --What we should consciously avoid at this stage is “incrementalism” in our thinking and this is exactly where strategy C will lead us. Should we get 5% more here or there? Is that farm 20% safer or riskier? Every new person joining will have their own theory about yield generation. None of them will materially move the needle. --By deciding that for the next 365 days we decide *NOT* to have any yield generation discussions (outside of staking ETH) we focus ourselves on core 10x innovations NounsDAO is uniquely positioned to introduce. Yield management is not one of them. --Just a quick pulse check on what other think of it. Which strategy should we focus on for the next 365 days?
Based on the conversation, the question about which treasury management strategy NounsDAO should focus on for the next 365 days was not directly answered. However, there were opinions shared in favor of staking ETH (option B) and some discussions about other potential investments like BTC, NFTs, and ERC-20 tokens. It is suggested that a small and elite committee could be formed to make recommendations on financial strategies for the organization.
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