In this post, I propose an update to the Nouns DAO software. Any ETH held by the treasury in excess of total\_nouns\_count \* trailing\_N\_day\_median\_auction\_price can be burned. The goal of this change is to create a code-level incentive for the DAO to (1) spend the treasury, (2) grow the Nouns supply, and (3) increase the auction price. This change will also mitigate the “risk free value” arbitrage (detailed below).
In my dreams, I am ever closer to writing some all encompassing post about how I think of Nouns. In reality, I’ve barely written anything. So, awaiting that blessed day, I’m going to try posting shorter thoughts.
I’ve enjoyed using Mirror as a bit of public record of my thinking on some things. Actor Protocols” were an important idea for me in 2022, and so I wanted to publish something on the topic before year end. If only for my own sake in seeing a timeline of my own thinking later.
Writing this post quickly to provide something more permanent in response to a Twitter discussion. Caveat that I don’t mean to position this against Jacob, just that his pieces provides the best context to discuss. Perhaps what I am saying fits into his ideas.
Forge is an Ethereum development framework. You can use it to create Solidity projects, manage dependencies, run tests, and more. It is inspired by Dapp and has the important similarity that tests are written in Solidity. This is unlike other Ethereum development frameworks to date. It is written in Rust and is very fast.