The Nouns Arb Game
Lost in the Arb talk? Verbs have written a nice blog post about the arbitrageurs and how changing different Nouns DAO parameters could change the situation.
Right now 90%+ of auctions are won by arbitrageurs. As long as the ability to fork is a feature of the DAO, we would not expect arbitrage activity to ever reach zero.
So what can Nouners do?
Iterate on high fork threshold values until eBV meets natural demand; run frequent reassessments until successful or a new approach is discovered.
Lower fork threshold to zero (w/ upgrade) and let arbers compete on smaller margins, taking longer to spend BV down and accepting the reality of almost zero new long-term players joining via auctions.
Change nothing. The current spend rate might be sufficient; a daily/monthly spending Dune dashboard is a critical missing tool to continue the conversation.
Disable the fork, but we won’t elaborate on this option.
We believe that a good near-term milestone is seeing 50%+ of auctions won by long-term Nouners. The best way we have thought of so far is the high fork threshold coupled with fast-enough spending and ongoing analysis.
Please let us know if this breakdown was helpful, if any additional questions arise, and how might we make it better.
You can read the post and play with the parameters
Luca teasing with the Pengus – Twitter.
Awesome animationm from Sloppy Pencil for the TNS’ Halloween contest – Twitter.
Nounish Punk is doing numbers! The NFT collection by Arash currently sits at 0.1 ETH floor with over 400 ETH in total volume on OpenSea.
Nouns Esports has announced some Dota 2 roster changes, bringing in a new star player Fly from EG – Twitter.
In other news, Nouns Esports got its own Farcaster channel.
Garder Round 2 is open for submissions (2 days left).
The Noun Square
On this week’s ZEROPOD, TNS talked to the man behind Farcaster, Dan Romero – Twitter.
TNS posted a renewal proposal and posted a nice summary of their work over the past months – Updates.wtf.
From now on, you’ll be able to find project updates on a brand new website by Wilson and Martin – propdates.wtf – which allows proposers to post all updates onchain!
Enjoy the Nouns AI while you still can, the team plans to sunset the site at the end of the year.
Finally, an update from the Uplink team – updates.wtf. They have recently launched support for Base (L2) and held a couple of Halloween contests with Krause House and TNS.
You can see an overview of all funded proposals here – link.
Gift Noun 181 to Sasquatch – Queued.
Bright Any Colors with ⌐◨-◨ Noggles Jack Events – Defeated.
CC0 Nouns Themed Playground + Build : Spread Nouns Design And Ideology Worldwide Through Fun And Play – Defeated.
Nouns x BasePaint – Active.
One Noun 3D Animation, Every Day ⌐◨-◨ (Revised) – Active.
The Rise of Blus – Episode 2 Droposal – Active.
The Noun Square Season 3: Lean & Lindy ⌐◨-◨ – Active.
Sasquatch Hunting – Active.
Bail out Lil Nouns DAO – Active.
Nouns House #1 – Tokyo, Jpn – Active.
Average auction price: 20.6 ETH
Secondary market floor: 24 ETH