The issue of PUNK price has been brought up by a number of users.
Right now the PUNK price is about 24 ETH, which is the average of the five underlying funds. The PUNK-ZOMBIE fund (which is about 80 ETH) brings the average up a lot.
Some people are confused because they assume PUNK is meant to track the CryptoPunk floor price, however that is what PUNK-BASIC is for.
I think the best way for us to handle this is to move the decimal on PUNK so that the price is lower. For example we could increase supply by a factor of 1000 or 10,000.
Right now PUNK = 24 ETH = $32,000, so we could instead do PUNK = 0.024 = $32. We could even go one further to $3.20 if we wanted, considering we expect PUNK to appreciate a lot.
I think this will make it more obvious to people that the PUNK token is not meant to track the punk price floor. It also has the benefit of increasing attractiveness to holders, because, let’s be honest, it feels better holding 500 PUNK than 0.5 PUNK, or worse 0.05 PUNK. We can’t get away with doing this for D1 funds because they also serve a purpose of providing pricefeeds for NFTs, however with the D2 funds the price feed is not particularly useful so it’s not a problem.