The Nouns Arb Game @davidbr and I spent a lot of time discussing it with Nounfolk. We realized the burn won't solve it fast enough and paused to think. This is an attempt to summarize our current grasp of the arb. Hope this is helpful! https://mirror.xyz/verbsteam.eth/W4gaOrp6NC6jopc6vGsGuhz3o4ej0G_0TFhBlcLed94
NounsWe're grateful for the time people dedicated to discussing the arb with us. Not dropping names here because I haven't asked them for permission. Please let us know if you find any issues with the post.
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thank you for modeling this out so that we can have concrete discussions around parameters changes 🙏🙏
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This was really well-written @el4d and @davidbr, thanks for breaking it down for us so well. This whole thing is one big experiment and part of experimenting is being willing to correct course when the data tells a different story than we maybe expected. 🫡
NounsGreat analysis! Were there any variables you considered adding to the model but ended up excluding? For example, inability to fork unless you’ve been a Noun owner for a specific period, or if the Noun has been in circulation for a period?
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two paths; erase the treasury or adopt fair exit Even setting threshold to 51% will likely not achieve your goal of 50%+ long term buyers imo
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I actually really like the 0% threshold solution. Getting new members into Nouns DAO through the auction should be above eBV with a meme premium. By keeping the threshold at 0%, arbs can easily escape at a barely break even until a real bidder comes along. @el4d excellent write up :)
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Some solutions to the arc are also probably popular. A large refill to the prop.house multi-sig immediately reduces eBV
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Isn’t this what @jarmen was discussing the other day? I know he’s been working on People, Places & Things (their prop from Gardener Round 1) which was also going to include membership data. Will be great to be able to see these live stats in a dashboard etc 🤓
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Thanks for this. A little confused though— so do you recommend we move fork to 30%? That’s what I thought we should do after fork 0 but we went the other way instead.
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