# A Comprehensive Treasury Analysis Dashboard for Nouns DAO


**Optimizing Nouns auction dynamics:** This proposal introduces a comprehensive [Dune Analytics dashboard](https://dune.com/beetle/nouns-dao-book-vs-auction-value) designed to revolutionize how Nouns DAO members view and interpret the DAO's treasury dynamics. Our dashboard goes beyond mere financial reporting; it serves as a critical economic tool, unveiling the intricacies of Nouns DAO’s auction mechanisms and treasury movements.

Expanding on the work done by the Verbs team **([Nouns DAO Arb Game](https://mirror.xyz/verbsteam.eth/W4gaOrp6NC6jopc6vGsGuhz3o4ej0G_0TFhBlcLed94))**, this dashboard aims to curtail arbitrage-driven treasury leakages and to cultivate an environment that attracts and retains long-term participants. This is achieved by delving into pivotal economic indicators: Treasury Value, Circulating Supply, Book Value, Auction Price, and RFV %, supplemented by predictive analytics for potential DAO fork scenarios.

## Methodology

The current nouns.wtf platform limits its view to a single wallet address ([0xb1a...ef71](https://etherscan.io/tokenholdings?a=0xb1a32FC9F9D8b2cf86C068Cae13108809547ef71)), which gives an incomplete view of the treasurys actual financial standing. Our dashboard synthesizes data from three crucial wallets to present a full financial panorama:

- **Nouns Treasury** (0x0BC3807Ec262cB779b38D65b38158acC3bfedE10): The main asset holder.
- **Nouns Executor Proxy** (0xb1a32FC9F9D8b2cf86C068Cae13108809547ef71): Oversees operations and transactions.
- **TokenBuyer** (0x4f2aCdc74f6941390d9b1804faBc3E780388cfe5): Manages token acquisitions and financial strategies.


This multifaceted analysis yields a truer reflection of the DAO's financial health. Our dashboard employs historical data analysis and forecasting models, focusing on:

- Expected Treasury Value at Fork: Projected treasury value in a DAO fork scenario.
- Expected Book Value at Fork: Estimated per-Noun asset value in a new DAO instance.
- Expected Nouns Supply at Fork: Predicted Nouns distribution at fork.


Additionally, this dashboard offers flexibility for users to input varying parameters within the expected book value analysis, enabling a deeper understanding of the interplay between different financial variables.

Some key insights gleaned so far:

1. A higher fork threshold can be strategically used to push eBV below natural demand, making it less attractive for arbitrageurs. However, it also increases the time to fork, leading to uncertainty.
2. Increasing the DAO's spend rate can effectively lower eBV, but this needs to be balanced against the risk of depleting the treasury too quickly.
3. Distributing more Nouns dilutes eBV, but the rate of distribution must be considered to ensure it has a significant impact without destabilizing the system/diluting current holders

## Conclusion

Our enhanced treasury analysis dashboard is a vital tool for Nouns DAO members, providing deep insights into the DAO's financial status and aiding strategic decision-making. It bridges gaps in existing treasury reporting, setting a robust foundation for critical discussions and decisions on fork thresholds and other key parameters.


Moreover, the dashboard uncovers a significant trend: the DAO's structure currently favors short-term arbitrageurs, potentially undermining long-term community growth. This finding is vital for adjusting DAO parameters, aiming to create a more balanced ecosystem that diminishes arbitrage attractiveness while bolstering the appeal for long-term involvement. These strategic adjustments are crucial for the DAO's enduring growth and efficacy, ensuring resources are optimally allocated to foster a vibrant, committed community.