Correctly pricing an NFT mint is difficult. Like any economic system, there exists a delicate balance between supply, demand, and price. Equilibrium Auctions are an attempt at dynamically changing price with demand. You can think of these auctions like a generalization of Gradual Dutch Auctions or a hybrid between a bonding curve and a dutch auction.

DAOs tend to asymmetrically reward early contributors. These early contributor take on more risk, and ultimately impact whether a DAO succeeds. However, the downside of this is that later members are less-incentivized to contribute.

Have you ever seen those little free libraries? They look something like this…