0x3380a055…694csent to0xf790a5f5…1365·#18,773,101·view on Etherscan
Hey again,
For anyone wanting more context, I spoke about this prop on The Noun Square x Agora X/Twitter spaces.
Check it out here (6:15 - 22:05):
[https://twitter.com/i/spaces/1vAxRvjVYgaxl?s=20](https://twitter.com/i/spaces/1vAxRvjVYgaxl?s=20)
Thank you to everyone who has voted so far, we really appreciate your support and feedback.
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I would like to address a few of the comments from the against votes below.
### To krel.eth:
[NounSwap.wtf](http://NounSwap.wtf) has over 470 unique visitors, and 1600 page views. We have gotten a ton of positive feedback on X/Twitter and Farcaster, and there seems to be a large appetite from the community for a swapping mechanism. As such, I would argue there is product market fit for a swapping mechanism, and we are trying to achieve that by having this proposal address all the feedback thus far. Even tho the initial 2 props failed, I would say that the MVP is not a failure, rather a stepping stone to bringing NounSwap to fruition.
### To nounounounoun.eth:
We understand your general opposition to a swapping mechanism. But, people effectively swap Nouns everyday by selling and buying, or via OTC swap, trying to get their forever Noun. In fact, I suspect many of the active members in the Noun’s community have swapped in some way shape or form. NounSwap will facilitate this process, making it easier, more accessible, and remove the friction, while also earning revenue for the DAO.
With respect to the redemption token pushback, Noun Scout, and governance proposals are frequently giving away Nouns. Why not give the recipient the ability to pick the Noun that best resonates with them rather than picking for them? The DAO will have full control over these tokens and how they are distributed.
With respect to subjective value. We were thinking that the group of Nouns excluded from permissionless swaps would be lower N, and also specific ID’s. These parameters will all be DAO settable. For Nouns in the exclusion group, a governance proposal with personal message and custom fee can be attempted for a swap (v1 mechanism). As such, for the excluded group, we don’t need to try to create a ranking system, if they are desired they will be evaluated on a case by case via a governance proposal. I would still argue that the nouns which can be permissionlessly swapped for are non-fungable. The swappers decision to exchange their Noun, coupled with the added fee reflects a subjective valuation, they value the treasury Noun they want to obtain more than the Noun they own.
In terms of the funding ask, we think our overall proposal is quite fair for the design, and engineering efforts required. I am seeing a general tread of the Nouns community based on recent successful proposals of valuing core development work less than that of art or community based projects. If this is truly the case, developers looking to forward the Noun’s protocol are going to be hesitant to contribute.
### To thebower.eth
We totally understand the proposal spam, and voter fatigue. We are proposing to implement v1 fully as the prop based solution as it will be leveraged as part of the v2 implementation for Nouns which are excluded for permissionless swaps. For anyone really itching to swap before v2 is released, they can use this mechanism with a personal messages, and a fee included in the props. v2 should significantly alleviate the issue with the introduction of permissionless swaps.
In terms of retro funding, unfortunately we are not in a position to work for 3 months for free, and hope that the community will retro fund this entire project. Generally, we try to avoid retro funding, and believe that builders should be paid at least based on milestones for the work they do that brings value to the community.
In terms of funding ask, we think our proposal is quite fair, refer to my last comment to nounounounoun.eth. In terms of usage so far see my comment to krel.eth.
### To screenshotessays.eth:
The initial props were from the MVP, and we acknowledge it was not perfect, and to be quite honest we were not fully expecting the first props to pass. V1 implementation outlined in this proposal is based on all the feedback we got from those initial swap props + Twitter/X + Farcaster. The foundation we built so far will be used for v1, and v2 parts of this project.
In terms of subjectivity and value of Nouns, see my comments to nounounounoun.eth.
### noun12.eth
The end goal here is to move to a permissionless implementation (v2), that won’t need a governance proposal, and votes. Please read NounSwap v2 section of this proposal. Furthermore, all swap fees will be going to the DAO treasury, and NounSwap allows Noun owners to get the Noun that resonates with them most, increasing the overall satisfaction within the Noun community. So, I don’t follow how exactly this is subtracting value from the DAO.