verbs

For most of 2023 Nouns DAO auctions have been won by ‘arbitrageurs’ whose primary goal is to extract profits from the DAO’s treasury by redeeming their Nouns to the DAO at a higher price than they paid at auction. This arbitrage is the result of the project’s history, having been launched in the previous bull cycle when treasury grew much faster than the DAO could spend it, followed by the bear market we’re in right now, with auctions settling at much lower prices. This activity is problemati...