Proposal 81 (Q3636)
From Nouns Dev
A Nouns proposal.
Language | Label | Description | Also known as |
---|---|---|---|
English | Proposal 81 |
A Nouns proposal. |
Statements
31
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81
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18 May 2022
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54
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83
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Voting against; In favor of setting the precedent that DAO-to-DAO Noun transactions happen at FMV
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It seems that the reason were discussing gifting a noun to an extension project, which is unprecedented (we never discussed a gift nor discount to sharkdao, goop, etc), is that we were allocated 10% of future NFT supply (a new thing that Lil Nouns did). Im voting AGAINST since Im opposed to sending a signal to present and future nouns extensions that we value receiving NFT supply allocation in a special way. Receiving someone elses NFTs is kind of a headache. Were suddenly put into the position of having to make asset owner decisions (should we hold or sell) and in some cases such as this one we might have added governance responsibilities as well (e.g. have 10% responsibility of lil nouns future). So unless we have some easy DAO level consensus on regularly selling the newly received NFTs, were likely looking at the duties of holding onto an illiquid asset while incurring more DAO governance overhead. One might say that if we start receiving a lot of NFTs this way then some might really pop and have liquid markets and we might be able to experience some real ETH treasury gains through it. But if we really believed in that then we could have always bought new noun extension NFTs as pure investors with our ETH. I believe we have yet to do that because we dont think ourselves as NFT investors (even if the scope is limited to nouns extensions) and dont think that is where we create the most value from our attention. An arrangement that wed much rather prefer than being gifted NFT supply is a nouns extension buying Nouns with their treasury. In this arrangement, we get ETH and likely some governance participation as well, both things that we really like and no added responsibilities that we dont like. Im not saying that we should be stingy or completely self centered in a short term way. I think Lil Nouns is a brilliant experiment and love that were for example spinning up a lil nouns prop house and sending ETH their way to help bootstrap builders there, etc. I just think that rewarding NFT supply gifting over other acts such as buying nouns or participating in our governance (which both sharkdao and goop have done) sends the wrong message that is against our incentives. We want extensions to buy Nouns, submit proposals, and participate in our governance! Giving us assets for free can be nice but comparatively is meh.
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Nouncil <3 Lil Nouns We prefer Prop 82 with a sale price based on FMV.
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trying to reach 42-69
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Allocate Noun to Lil Nouns DAO - treasure quest edition
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18 May 2022
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Allocate Noun to Lil Nouns DAO - treasure quest edition **modified to reduce token approval surface area** Replaces Proposal 76: Instead of directly allocating Noun to the Lil Nouns DAO treasury, create an on-chain offer only fillable by Lil Nouns treasury. Lil Nouns will have to successfully pass a governance proposal of their own to accept this offer. offer price: 4.2069 ETH
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1
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1
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4.2069
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Allocate noun to lil nouns dao
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