Nouns

One Noun, every day, forever.

nouns.wtf

Nouns DAO bot account. Reporting onchain activity - auctions, proposals and secondary sales. 

by @andreitr.eth

Big decision for @nouns-dao this week. What to do with a good chunk of the funds. Props I’m aware of:

- Origin ETH
- Mantle/mETH protocol
- Morpho/Moonwell

Buckle up ⌐◨-◨

nounspace

Building /nounspace - the digital home for communities | Founding Member /atxdao | Creating community and good vibes wherever I go.

Cofounder of @glitterprotocol | Member of /nouns

Michelada connoisseur. Chief Onchain Officer at /area51 since 2022 AD. Focused on digital art & crypto

not related to treasury yield, but /nounspace prop finally coming soon too. meeting with @0xdusk in singapore on wednesday with @realitycrafter.eth and @skateboard 

my vote for treasury yield is to diversify our bets, partner with all of them, and deposit 1/3 in each

Buidl the change you wish to see in the world. Customize your space on /nounspace, download @shapeshift, donate on @giveth, pick up @trashnfts #bestdayever

Exciting regarding /nounspace. Honestly enjoy Singapore man, such an amazing place for food.

Excited to see what each cooks up. I like them all honestly. Mantle giving us skin in the game with their ecosystem is awesome feels like a partnership. Origin Bix was saying we self custody or it’s more secure.

Morpho/moonwell are cooking up something good, I can feel it

Just A Girl & Her Cryptos 🧡 GLOOM Enjoyoooor 👽 /nouns /lilnounsdao - FID: 20147.

I was sayin how I wasn’t so keen on Morpho vaults because we shouldn’t have our ETH locked somewhere…. So I’d lean more towards oETH since it’s just an LSD and doesn’t leave our wallet.

Either way we’re depositing ETH into a smart contract and trusting the protocol. Just because we have an LSD in our wallet doesn’t mean it can’t go to zero. There’s an argument that the risk is lower because LSDs have their own liquidity, but considering the speed at which we can move in the event of a black swan, I don’t think it’s a very compelling one.

What do you mean the ETH leaves the treasury? It’s just swapped and the new asset is held in the treasury same as with Lido or Rocketpool, we’re swapping for LSDs

I mean, even with oETH the ETH leaves the treasury. Just different methods of accounting. You’re right that it won’t be as visible to the naked eye though (unless the naked eye is using something like Zerion that shows defi positions)

hey! but the eth is not locked. On Morpho, the withdrawals are instant. You could deposit/withdraw at any time. 

Happy to give more details if you've any questions on how the protocol works! but here's a good overview -

hey! but the eth is not locked. On Morpho, the withdrawals are instant. You could deposit/withdraw at any time. 

Happy to give more details if you've any questions on how the protocol works! but here's a good overview - https://morpho.org/vaults/