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Memo 0x434d39f1…88e802 on Ethereum

We've seen across nounish sub-DAO's (Lils, Gnars and Vrbs) that reserve pricing without a vrgda results in burned NFT's and declining auction proceeds. Instead of protecting the treasury, the reserve walls it off from new contributors. A $0 reserve is preferable in that it earns the DAO daily proceeds valued by an open market.