Nouns

One Noun, every day, forever.

nouns.wtf

vrbs

@noun40 brought up an idea that is exciting to me, in the vein of reducing the need for active governance: streaming. 

Every Noun is entitled to stream a portion of the treasury to some address(es). We can use similar logic to the client rewards as to the allowlist and how much.

Curious how the /vrbs grants program works?

Made this video to explain

Thinking about a Nouns Endowment to help ensure the DAO continues in perpetuity. 

Idea is that we set aside some % of the treasury in a stable yield bearing asset (ex. CUSDCv3, sDAI, …). The interest would be used to fund builders, ideally in a stream like manor drawing from what /vrbs has built.  

Thoughts?

Thinking about a Nouns Endowment to help ensure the DAO continues in perpetuity. 

Idea is that we set aside some % of the treasury in a stable yield bearing asset (ex. CUSDCv3, sDAI, …). The interest would be used to fund builders, ideally in a stream like manor drawing from what /vrbs has built.  

Thoughts?

https://warpcast.com/wilsoncusack/0x8eead66a
https://warpcast.com/rocketman/0x46b698c5

Not a stable asset, but stETH yield vaults with a timelock are quite simple thanks to their rebasing. Deposit tokens in, keep locked for X years, allow only yield to be withdrawn

You can do the same with any stablecoin-based rebasing token too, but the yield tends to be more volatile and some providers become outdated

Co-founder of @syndicate. Creator of $AGLD, Core Team at ConstitutionDAO. ETH since the 2014 presale

Bounty posted for this via @bountycaster: https://warpcast.com/will/0x4c9d572c

Lots of discussion, can’t think of examples immediately but I can look around!

Nice good call out. Any examples of the stETH yield vaults in the wild you have seen do this well?