Nouns Acquisition Committee

Create new workstream: Nouns Acquisition Committee

The DAO has socially signaled a desire to acquire Nouns, either in the treasury or on-demand, for a variety of potential use cases including:

• experiment with fractional ownership/governance protocols
• provide collateral to one or more NFT lending facilities
• add option to transfer Nouns as part of proposal transactions

We propose the creation of the Nouns Acquisition Committee workstream: a group comprised of Nouners who facilitate the purchase and distribution of Nouns on behalf of the DAO. This approach allows the DAO to acquire Nouns in stages as needed and avoid many of the negative externalities expressed by Nouners.

Other approaches and issues

1. Buy from secondary
   • net loss of ETH to the treasury
   • easily gamed by secondary market participants
2. Mint directly to the treasury
   • navigate technical and execution risks of swapping out the NounsAuctionHouse implementation
   • potential brand damage around increasing the Noun supply by more than 1 per day

Workstream mandates

attempt to acquire up to 3 Nouns from the daily public auction for any given auction do not exceed 20% of average settle price of the last three (3) auctions hold the (3) Nouns in the workstream multisig and delegate votes to the Nouncil as uses materialize, allocate Nouns from the multisig for these purposes at the discretion of the committee once all Nouns are allocated request funding for acquiring more Nouns

Workstream members

Gnosis Safe: 0x9298B97dE93784635900163e582A5D9e570f35a5 vapeape: 0x88f9E324801320A3fC22C8d045A98Ad32a490d8E noun22: 0x75Ee6eb3d8DAcf41eE2e5307090B197D3E1Cca6E rumi: 0x1977C4B06a76c160EfF920c67FbC0635124364c8

Transaction

transfer 175 ETH to 0x9298B97dE93784635900163e582A5D9e570f35a5

Discourse Discussion

https://discourse.nouns.wtf/t/create-new-workstream-nouns-acquisition-committee/796