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-clubhouse-chapter-1 Signaling FOR: Projects compound where people actually gather & not in the timeline. Treasury ask is modest for what it funds -> a permanent home with high cadence of IRL events behind it
Voting against the 2.8 ETH reserve, but I'm aligned on what you're trying to fix. Rationale: at current clearing prices, a NAV-pegged reserve doesn't filter bidders, it stops the auction. No new ETH in, no new holders, governance ages faster. Fork already gives anyone a NAV exit, and Prop 384 deliberately made that exit easier -> adding an auction reserve at NAV is doubling down on a problem the DAO already chose to solve via fork. Top of my head, better solutions: - Governance-side fixes: extend the existing Client Incentives rewards rail - Targeted buybacks at/below NAV: directionally right, but the existing TokenBuyer is USDC↔ETH only, so we'd need to scope a new mechanism. - Dynamic reserve tied to trailing clearing prices (not NAV): worth exploring, but only if calibrated to almost never bind.
I am in favor of this proposal because: - The move to permissionless coffee pop-ups combined with stunts is structurally nounish, not just aesthetically. Coffee as a format has high dwell time and universal appeal, and the stunt layer on top creates situations people actually engage with, not staged conference content - 80k USDC + 1 Noun for a 2 year 6-8 event runway across Europe is a disciplined ask given the trajectory I anticipate - Re the budget granularity critique: 80k spread across two years, 6-8 events, and the initial setup work is not a big ask. This is a creative activation that's just getting its physical infrastructure in place & demanding line-item precision on IRL costs at this stage would be bureaucratic overkill.
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