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Nouns DAO turns to ETH staking for yield

Nouns DAO votes to stake 1,500 ETH in the Lido liquid staking solution!
Nouns DAO turns to ETH staking for yield
William M. Peaster William M. Peaster
Dec 9, 2021 • 4 min read
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Dear Bankless Nation,

More than a few NFT-based DAOs have lately amassed sizable ETH reserves because of this year's NFT surge.

The Nouns DAO is a classic illustration of this. So far, the collective has successfully raised 16.5k ETH through daily auctions of Nouns, which are experimental CC0 NFT avatars that are pointing to new possibilities around shared intellectual property.

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Ethereum Ethereum Lido Lido Nouns Nouns
William M. Peaster

Written by William M. Peaster

892 Articles • View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he writes the Metaversal newsletter on the onchain frontier, covering everything from AI projects to crypto games, as the team’s lead NFT analyst. With a background in creative writing, he writes fiction and publishes art on Ethereum in his free time.

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