0x387a161c…fffdsent to0xf790a5f5…1365·#22,307,713·view on Etherscan
@0x8cD6...5a44
Appreciate the concern, Adesu. The key point is that the DAO isn't buying or holding a memecoin. It's lending USDS into an isolated, over-collateralised market on Morpho. If MOG drops in value, borrower positions are liquidated as needed to protect the lender. They are also heavily incentivised to either add more collateral, or repay their loans to avoid liquidations. No other assets are affected.
Yes, MOG is volatile. The structure is designed to contain that volatility, not expose Nouns to it. In return, the DAO earns meaningful yield (around 20 percent) while keeping full control of its funds.
This is just the first step. The model can support other assets too. In fact, after our May 6 hard launch we can support ANY token that meets the protocol enforced requirements.
But this proposal is about proving the concept. That ideas can start funding Nouns.
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> I understand the needs of trying to do something and get some funds somewhere.
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> but the memecoin volatility seems to much for it, arent there other options to get some interests?
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