THE BURN

Summary from the TLDR Crypto newsletter

NounsDAO is due for an update. This proposal lays out plans to burn any excess ETH held by the treasury. The move would tie the treasury, the Nouns supply, and the auction price together, and encourage the DAO voters to spend the treasury, increase the Noun supply, and raise the auction price. The proposal also suggests a waiting period post-update to allow the DAO to coordinate, potentially setting the first burn date for New Year’s Eve, 2023.