Nouns is shorting volatility
Blog iconcfeng.eth
Oct 10
⚠️ If Nouns implements the Burn Mechanism, it is betting against time. This is dangerous to the DAO because it adds a new layer of risk, making the system more fragile to volatility.As a quick recap of the events:Noun implemented its fork mechanism with intention to protect the honest minorityNoun had their 1st fork with over 50%+ of the treasury disappearingFork threshold lowered to 10% from 20%, lowering the threshold to attackBurn Mechanism proposal with intention to close the arbitrage vu...

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charliecf

building tools @nounsagora, thinking about governance

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