Introducing Upgradeable Llama NFTs: On-Chain Credentials for the Llama Community
Yesterday, in partnership with Metagame, we launched a collection of upgradeable NFTs for members of the Llama community. Llama contributors will be able to mint their NFTs on the Llama platform. Today, we’d like to share some more about how the NFTs will work and what they could unlock for our community.At first glance, Llama NFTs may look like simple, static PFPs, but they represent much more than that. They serve two primary purposes:Representing membership in LlamaRepresenting contributio...
Introducing Upgradeable Llama NFTs: On-Chain Credentials for the Llama Community
Yesterday, in partnership with Metagame, we launched a collection of upgradeable NFTs for members of the Llama community. Llama contributors will be able to mint their NFTs on the Llama platform. Today, we’d like to share some more about how the NFTs will work and what they could unlock for our community.At first glance, Llama NFTs may look like simple, static PFPs, but they represent much more than that. They serve two primary purposes:Representing membership in LlamaRepresenting contributio...
The Great Convergence: $GHO and the Story of the Five Old Kings
Written by @LucaProsperi and originally published on Dirt Roads.The River, the Pond, and the Lake of LegendsMoney stopped flowing through the gates and the ecosystem is changing. Those that perfected the catching net for the tumultuous rivers of 2020 might not be the ones that will master the placid lake, or better smelly pond, that is late 2022 DeFi. DeFi liquidity, that almost reached $200b at the beginning of 2022, now lingers around $60b—source DefiLlama, and doesn’t show signs of improve...
The Great Convergence: $GHO and the Story of the Five Old Kings
Written by @LucaProsperi and originally published on Dirt Roads.The River, the Pond, and the Lake of LegendsMoney stopped flowing through the gates and the ecosystem is changing. Those that perfected the catching net for the tumultuous rivers of 2020 might not be the ones that will master the placid lake, or better smelly pond, that is late 2022 DeFi. DeFi liquidity, that almost reached $200b at the beginning of 2022, now lingers around $60b—source DefiLlama, and doesn’t show signs of improve...
Nouns: Treasury Allocation and its Effectiveness
Written by Sov with help from Zareef Anam TLDR: Nouns has allocated 14,835 ETH since inception across 292 proposals via on-chain governance, Prop House, and small grants. 61% of these proposals have been completed, 37% of them are in progress, and 2% were incomplete*. While the ROI of specific allocations is difficult to measure, Nouns’ bid price, number of unique bidders, and treasury growth has held up over the past year. Number of proposals and ETH allocated by category:Completion rates of...
Nouns: Treasury Allocation and its Effectiveness
Written by Sov with help from Zareef Anam TLDR: Nouns has allocated 14,835 ETH since inception across 292 proposals via on-chain governance, Prop House, and small grants. 61% of these proposals have been completed, 37% of them are in progress, and 2% were incomplete*. While the ROI of specific allocations is difficult to measure, Nouns’ bid price, number of unique bidders, and treasury growth has held up over the past year. Number of proposals and ETH allocated by category:Completion rates of...
Designing a Nounish DAO: Analysis of Auction Frequency
Written by gumfather (@_gumfather). Analytics help from notawizard.eth (@0xdoing)IntroductionNouns is an NFT project on the Ethereum blockchain. Launched in August 2021, it has grown into one of the most exciting experiments in community formation and governance in DeFi today. While there are many unique aspects of the Nouns project, perhaps the most iconic is its distribution mechanism: exactly one Noun is auctioned per day in perpetuity, with the proceeds flowing directly to the community t...
Designing a Nounish DAO: Analysis of Auction Frequency
Written by gumfather (@_gumfather). Analytics help from notawizard.eth (@0xdoing)IntroductionNouns is an NFT project on the Ethereum blockchain. Launched in August 2021, it has grown into one of the most exciting experiments in community formation and governance in DeFi today. While there are many unique aspects of the Nouns project, perhaps the most iconic is its distribution mechanism: exactly one Noun is auctioned per day in perpetuity, with the proceeds flowing directly to the community t...
Extending Nouns Through Invisible Traits
Written by Austin Green (@AustinGreen)Nouns is an Ethereum-based NFT project with an innovative structure. Rather than having a fixed supply of ERC-721 tokens that are distributed upfront, 1 Noun is generated every day and auctioned off to the highest bidder. The proceeds from the auction go to a treasury that is governed by the holders. This interplay between the Nouns auction, treasury, and governance is one of the most exciting DAO experiments. It's a great example of how properly des...
Extending Nouns Through Invisible Traits
Written by Austin Green (@AustinGreen)Nouns is an Ethereum-based NFT project with an innovative structure. Rather than having a fixed supply of ERC-721 tokens that are distributed upfront, 1 Noun is generated every day and auctioned off to the highest bidder. The proceeds from the auction go to a treasury that is governed by the holders. This interplay between the Nouns auction, treasury, and governance is one of the most exciting DAO experiments. It's a great example of how properly des...
