ProposalsProposal 291
ProposalsProposal 291
Nouns Stream is a public good for payments across Noun-ish DAOs and beyond. It is an open-source, free, permission-less protocol that enables Phased (milestone-based) or Periodic (recurring) payments. This public good can support various payment modes, including peer-to-peer, DAO-to-DAO, community rounds, and grants without complex setup, shadow tokens, or intermediary protocol fees.
Nouns Stream does more than further the Nouns’ visual brand/meme; it helps push the ecosystem forward with easy-to-use public goods. This protocol has already been audited by 0xMacro and deployed across Ethereum (Mainnet, Goerli), Arbitrum (Mainnet, Goerli), Optimism (Mainnet, Goerli), Polygon (Mainnet, Mumbai) and Base (Goerli).
The protocol developers, who are also Nouns’ holders, are asking for a retroactive grant of 16 eth to cover the cost of the audit (US$25,000 ie ~14 eth) and deployment (US$5,000 ie ~2 eth).
Nouns and Noun-ish DAOs have no recourse or control over outgoing funds due to a successful proposal. If a team fails to deliver or meet certain milestones, the community cannot vote to recall the remaining funds.
Moreover, contributors to longer-running, phased projects need more certainty. Today they are forced to make a single, big ask for funding or create multiple proposals over the life of their project to secure continued funding. Unfortunately, such uncertainty doesn’t help set up ambitious developers, artists, and creators for success.
Lastly, as the community evolves, it may pay specific contributors— e.g., IRL Events Coordinator — a fixed amount per quarter, paid bi-weekly.
Within the community, we have seen a healthy debate between funding experiments to further the meme while keeping treasury spending in check. Tooling like Nouns Stream helps balance where milestone-based payments can commit to experiments and revert (via Proposal) if a project is not delivering the promised objectives.
The Nouns Stream protocol is open-source, free, and permissionless. It allows anyone to set up an escrow account that is funded with funds later disbursed via one of two modes:
To further clarify and formally define:
The Controller/Sender (e.g. Nouns Governor’s Contract in the case of Nouns DAO) is the only party that can cancel the escrow and recalls funds. The Receiver can’t withdraw funds before said strike dates. Such controls allow the community to create follow-up proposals and recall funds if a project is not believed to deliver on its promise long-term.
The protocol has a tipping mechanism where payments will be pushed to the receiving address if the payout is set up with a tip incentive. This avoids the need for Receiver to claim/withdraw funds. If no tip percentage is defined during contract deployment, the Receiver has to withdraw funds as they become available manually. Today, the tips are hard-coded to go to a fixed address. The developers will release an update within a few weeks where anyone who helps run these transactions can trigger transactions and earn tips.
With predictable payout timelines, Nouns Square can hold regular Demo Day sessions for projects to share progress against milestones 👀
Some previous proposals that could’ve directly benefited from the proposed payment infrastructure include:
Nouns Stream distinguishes from existing protocols such as Juicebox and Sablier through focused features, better user experience and Nounish visual branding:
Everything has been built as open source and under the GPL license. The deliverables include a developer (React) SDK, allowing other developers to under this infrastructure within their applications. In addition, 0xMacro has audited the project.
The total ask for this project is 16 eth.
This funding will help the developers (retroactively) cover:
In the future, the developers want to extend Nouns Build and add these payout options natively (via pull request) to the project. However, this Proposal doesn’t ask for funding for any such future development:
Matthew (evav.eth, Noun#604, LilNoun#5834+5, Builder#67, Gnar#3750): 5+ years as blockchain engineer who has worked on various protocols including Burrata.xyz.
Osama (osama.eth, osamakhan.eth, Noun#463, LilNoun#5703, Builder#54, Gnar#553): 2+ years blockchain product/engineering and has helped build OlympusDAO.finance and Burrata.xyz.
Osama and Matthew have also been involved in the founding of Purple DAO — flagship Nouns Build DAO based around the Farcaster network.
Nouns Stream is a public good for payments across Noun-ish DAOs and beyond. It is an open-source, free, permission-less protocol that enables Phased (milestone-based) or Periodic (recurring) payments. This public good can support various payment modes, including peer-to-peer, DAO-to-DAO, community rounds, and grants without complex setup, shadow tokens, or intermediary protocol fees.
Nouns Stream does more than further the Nouns’ visual brand/meme; it helps push the ecosystem forward with easy-to-use public goods. This protocol has already been audited by 0xMacro and deployed across Ethereum (Mainnet, Goerli), Arbitrum (Mainnet, Goerli), Optimism (Mainnet, Goerli), Polygon (Mainnet, Mumbai) and Base (Goerli).
The protocol developers, who are also Nouns’ holders, are asking for a retroactive grant of 16 eth to cover the cost of the audit (US$25,000 ie ~14 eth) and deployment (US$5,000 ie ~2 eth).
Nouns and Noun-ish DAOs have no recourse or control over outgoing funds due to a successful proposal. If a team fails to deliver or meet certain milestones, the community cannot vote to recall the remaining funds.
Moreover, contributors to longer-running, phased projects need more certainty. Today they are forced to make a single, big ask for funding or create multiple proposals over the life of their project to secure continued funding. Unfortunately, such uncertainty doesn’t help set up ambitious developers, artists, and creators for success.
Lastly, as the community evolves, it may pay specific contributors— e.g., IRL Events Coordinator — a fixed amount per quarter, paid bi-weekly.
Within the community, we have seen a healthy debate between funding experiments to further the meme while keeping treasury spending in check. Tooling like Nouns Stream helps balance where milestone-based payments can commit to experiments and revert (via Proposal) if a project is not delivering the promised objectives.
The Nouns Stream protocol is open-source, free, and permissionless. It allows anyone to set up an escrow account that is funded with funds later disbursed via one of two modes:
To further clarify and formally define:
The Controller/Sender (e.g. Nouns Governor’s Contract in the case of Nouns DAO) is the only party that can cancel the escrow and recalls funds. The Receiver can’t withdraw funds before said strike dates. Such controls allow the community to create follow-up proposals and recall funds if a project is not believed to deliver on its promise long-term.
The protocol has a tipping mechanism where payments will be pushed to the receiving address if the payout is set up with a tip incentive. This avoids the need for Receiver to claim/withdraw funds. If no tip percentage is defined during contract deployment, the Receiver has to withdraw funds as they become available manually. Today, the tips are hard-coded to go to a fixed address. The developers will release an update within a few weeks where anyone who helps run these transactions can trigger transactions and earn tips.
With predictable payout timelines, Nouns Square can hold regular Demo Day sessions for projects to share progress against milestones 👀
Some previous proposals that could’ve directly benefited from the proposed payment infrastructure include:
Nouns Stream distinguishes from existing protocols such as Juicebox and Sablier through focused features, better user experience and Nounish visual branding:
Everything has been built as open source and under the GPL license. The deliverables include a developer (React) SDK, allowing other developers to under this infrastructure within their applications. In addition, 0xMacro has audited the project.
The total ask for this project is 16 eth.
This funding will help the developers (retroactively) cover:
In the future, the developers want to extend Nouns Build and add these payout options natively (via pull request) to the project. However, this Proposal doesn’t ask for funding for any such future development:
Matthew (evav.eth, Noun#604, LilNoun#5834+5, Builder#67, Gnar#3750): 5+ years as blockchain engineer who has worked on various protocols including Burrata.xyz.
Osama (osama.eth, osamakhan.eth, Noun#463, LilNoun#5703, Builder#54, Gnar#553): 2+ years blockchain product/engineering and has helped build OlympusDAO.finance and Burrata.xyz.
Osama and Matthew have also been involved in the founding of Purple DAO — flagship Nouns Build DAO based around the Farcaster network.