0x05466fc9…8a5fsent to0x68a2ad5b…5868·#21,432,762·view on Etherscan
setApprovalForAll(address,bool)deposit(uint256[])transfer(address,uint256)# Scaling Nouns with $nouns
**TLDR**
- We want to make $nouns the central currency of [nouns.gg](https://nouns.gg), lack of liquidity is the biggest blocker to doing so
- We are requesting 30 Nouns + 75 ETH to provide liquidity to the Base pool
- With stronger liquidity, $nouns can evolve into a powerful economic engine, driving growth and collaboration across all Nouns subcommunities
# The Goal
Going into 2025, a core focus for nouns.gg is creating experiences that let users transact onchain. This includes minting, trading collectables, earning rewards, and redeeming items from our shop, each being built on top of a central "in-game" currency.
We've explored a few different models that achieve this including Warpcast Warps, Zora Sparks, USDC, and $nouns.
**We believe the most aligned path forward is with $nouns**
# The Problem
However, out of these four models $nouns is objectively the most difficult to implement. Aside from lack of tooling / onboarding infrastructure, one roadblock stands out the most.
**Lack of liquidity.**
As of December 18th, the [NOUNS/ETH](https://app.uniswap.org/explore/pools/base/0x338f3E577312F90A74754dddd0D7568C2c3DC211) pool on Base consists of a whopping $3.6k TVL, a number so low that no amount of ETH could even acquire you a full Noun. This is a horrible experience for both users and developers looking to build on top of the token.
The token was [deployed over six months ago](https://warpcast.com/krel/0x54ad6774) and it's becoming increasingly clear that it will likely never find success unless the DAO decides to back it with the treasury. After all, if we're not going to support it, why would we expect anyone else to?
# The Solution
We are requesting **30 Nouns + 75 ETH** to provide full range liquidity to the 0.3% Uniswap pool on Base. This ratio values each Noun at a price of 2.5 ETH, a fair value based on recent auction and secondary sales. With over 500 Nouns sitting dormant in the treasury, moving roughly 5% of that feels conservative.
*We are currently retaining advisory from Fidelity Digital Assets for management of the liquidity position.*
The liquidity position will be managed by **nounsesports.eth** which is controlled by [Sasquatch](https://warpcast.com/sasquatch), [Peter](https://warpcast.com/peterpandam), [Sam](https://warpcast.com/sams), [Pat](https://warpcast.com/patyiutazza), [Oni](https://warpcast.com/oni), [Brennen](https://warpcast.com/brennen.eth), and [Maty](https://warpcast.com/maty). While we will maintain ownership of the liquidity position, **any fees earned will not be withdrawn unless explicit approval from the DAO** in a future proposal.
*An extra 1 ETH was added to cover any gas fees associated with the execution of this proposal. Excess will be returned to the treasury upon completion.*
### Addressing Dynamic Quorum Concerns
An unfortunate side effect caused by the way $nouns was designed is that Nouns stored in the contract are not factored into the **adjustedTotalSupply ** calculation for dynamic quorum. To address this, we are dropping the **maxQuorumVotesBPS ** from 15% to 14.25% and the **minQuorumVotesBPS ** from 10% to 9.5%. This will bring the quorum to roughly the same number it would have been if the locked Nouns were factored into the equation.
# Scaling $nouns beyond Nouns GG
We believe in a vision of Nouns centered around $nouns where the token becomes an access point for anyone to participate. An economy around $nouns is a potential way to scale Nouns to millions of community members. There's a huge opportunity here to make $nouns the center of every subcommunity within Nouns, we just have to embrace it.scaling-nouns-with-$nouns