ProposalsProposal 154
ProposalsProposal 154
Thisis a revised version of the Agora continuation prop based on community feedback. We've clarified our deliverables, increased transparency, reduced the ask by 20%, and implemented a payment stream
We’d like to seek funding to keep developing Agora in order to improve the governance efficacy of Nouns through delegation. Our goal is to significantly increase the participation rate of nouns through a combination of software improvements, and delegation drive programs over the next quarter.
We got funded on August 31 via Prop House mandates to build an MVP. In less than one month, we’ve built a delegate platform for voters to broadcast what they want to see, and for builders to find voters who might support their proposal. To illustrate the outcome with some numbers, so far we’ve seen:
In sum, Agora has created a hub that turned delegation from an invisible, behind the scenes activity, to something the community can see, participate in, discuss, and improve upon.
Now that we’ve landed an MVP of a delegate platform, it’s time to start leveraging it to meaningfully drive delegation & governance participation. We expect to complete these goals and achieve their resulting outcome in roughly one quarter. Note that all points here consist of our best plan of attack today, but as we continue to build Agora, we expect the roadmap to naturally evolve as we double down on what’s working, and deprioritize what’s not.
Goal 1: Dramatically reduce friction to delegation:
Goal 2: Make governance and delegation more transparent and easy to understand
Goal 3: Activate nouns holders to either vote or delegate
Target objectives in 3 months:
As a governance platform, we will take measures to maintain transparency and avoid centralization of power by taking the following measures:
Yitong – Project lead & designer: co-founder of Vector DAO, and previously design + product at Coinbase. Prop builder for #87, contributor to Nouns Vision, delegate.
0xcaff – Engineer: Built the v1 of Agora, previously engineer at Coinbase.
Tom Taubkin – Protocol Engineer: Contributor to several defi projects, previously engineer at Coinbase
Mrtn – Ops / Community: Delegate from nounlets, funded via Prop House as governance historian, deployed Agora on lil nouns, previously pm on nouns.builder, and pm at Google.
Funding request:
We’d like to request $221,000 to fund the team for a quarter (170ETH @ $1300/ETH, a 20% decrease from previous ask) and 20 ETH to incentivize voter participation.
Fund transfer mechanics
50% of the team portion & the participation incentive will be immediately deposited to the team’s wallet
50% of the team portion will be streamed over a period of three months from a 3/5 multisig held by trusted members of the community. Signers for this safe will be: Elad, Krel, Yitong, Seneca, and one more to be confirmed.
As of this writing, $221,000 is 170 ETH. In order to account for ETH volatility, we will request a 30 ETH buffer. Upon fund release, $221,000 worth of ETH will be sold, with half deposited to the Agora multisig, and half deposited to the stream multisig. The remaining ETH will be sent back to the treasury.
These are purely concepts to illustrate some of the areas we’re going to invest in. We’ll need to iterate on these designs a lot before implementing them, so please take them as general directions vs exact specs.
Thisis a revised version of the Agora continuation prop based on community feedback. We've clarified our deliverables, increased transparency, reduced the ask by 20%, and implemented a payment stream
We’d like to seek funding to keep developing Agora in order to improve the governance efficacy of Nouns through delegation. Our goal is to significantly increase the participation rate of nouns through a combination of software improvements, and delegation drive programs over the next quarter.
We got funded on August 31 via Prop House mandates to build an MVP. In less than one month, we’ve built a delegate platform for voters to broadcast what they want to see, and for builders to find voters who might support their proposal. To illustrate the outcome with some numbers, so far we’ve seen:
In sum, Agora has created a hub that turned delegation from an invisible, behind the scenes activity, to something the community can see, participate in, discuss, and improve upon.
Now that we’ve landed an MVP of a delegate platform, it’s time to start leveraging it to meaningfully drive delegation & governance participation. We expect to complete these goals and achieve their resulting outcome in roughly one quarter. Note that all points here consist of our best plan of attack today, but as we continue to build Agora, we expect the roadmap to naturally evolve as we double down on what’s working, and deprioritize what’s not.
Goal 1: Dramatically reduce friction to delegation:
Goal 2: Make governance and delegation more transparent and easy to understand
Goal 3: Activate nouns holders to either vote or delegate
Target objectives in 3 months:
As a governance platform, we will take measures to maintain transparency and avoid centralization of power by taking the following measures:
Yitong – Project lead & designer: co-founder of Vector DAO, and previously design + product at Coinbase. Prop builder for #87, contributor to Nouns Vision, delegate.
0xcaff – Engineer: Built the v1 of Agora, previously engineer at Coinbase.
Tom Taubkin – Protocol Engineer: Contributor to several defi projects, previously engineer at Coinbase
Mrtn – Ops / Community: Delegate from nounlets, funded via Prop House as governance historian, deployed Agora on lil nouns, previously pm on nouns.builder, and pm at Google.
Funding request:
We’d like to request $221,000 to fund the team for a quarter (170ETH @ $1300/ETH, a 20% decrease from previous ask) and 20 ETH to incentivize voter participation.
Fund transfer mechanics
50% of the team portion & the participation incentive will be immediately deposited to the team’s wallet
50% of the team portion will be streamed over a period of three months from a 3/5 multisig held by trusted members of the community. Signers for this safe will be: Elad, Krel, Yitong, Seneca, and one more to be confirmed.
As of this writing, $221,000 is 170 ETH. In order to account for ETH volatility, we will request a 30 ETH buffer. Upon fund release, $221,000 worth of ETH will be sold, with half deposited to the Agora multisig, and half deposited to the stream multisig. The remaining ETH will be sent back to the treasury.
These are purely concepts to illustrate some of the areas we’re going to invest in. We’ll need to iterate on these designs a lot before implementing them, so please take them as general directions vs exact specs.