@napenjoyoor

FWIW you’d do it as open market operations Eg. 6m ETH in spark, used to issue grants up to 25% (so 1.5m) All sales increase collateral If total debt goes above 25% - you start deleveraging It also subtly aligns incentives towards public goods for the ethereum ecosystem. We aren’t taking direct upside in what we fund, but as long they are bets towards making the broader ecosystem better, the native token (ie ETH) should long term accrue value, giving nouns further leverage in the future and ability to have continued positive impact

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