ProposalsProposal 311
ProposalsProposal 311
Your support allows us to keep innovating for Nouns DAO. We invite you to read our full proposal for comprehensive details.
We spent most of our time and energy (by far) on the upcoming DAO V3 upgrade:
Other projects:
Led the private voting research mandated round, which we believe so far to be successful in making Nouns interesting to other Ethereum and zk folks; we hope to preserve this momentum in the near future.
Shipped Nouns Streamer.
Landed on an Airdrop design through a Snapshot vote.
Gave a talk at ETH Denver.
For even more context, see our previous proposal.
TL;DR: We should over-communicate our decisions and our status.
Working for the DAO means addressing diverse stakeholders and their varied views, and dealing with new members unfamiliar with past discussions or decisions. While it's impossible to appease everyone, we aim to strike a balance between involving voters and maintaining autonomy to execute tasks efficiently.
In our current term we revived our Snapshot account and involved the DAO in choosing its favorite "airdrop" design, and in confirming our sense that most Nouns wanted the fork to get shipped ASAP. We will continue to use this communication channel whenever we identify a decision important enough to ask for such attention.
Despite our intention to keep the DAO informed, we've heard that some feel out of the loop, and some are concerned about how and why decisions were made.
Moving forward, we'll prioritize frequent communication about our projects, rationale, and key decisions. We'll use varied formats like blog posts and Twitter discussions to update and receive feedback or ideas to optimize our service to the DAO.
Decentralization, or resilience, seems very important to the DAO. Many voters want to ensure Nouns does not have a single point of failure anywhere, so Nouns may live long and prosper forever(ish). And we've heard some concerns saying we could be doing more on this front.
So we've been wondering: how might we get more talented builders creating software for/with Nouns? How can we have more parallel processing in areas like smart contracts and other infrastructure needs, much like the success we've had with the governance clients and private voting mandated rounds? And how can we design process and tech to become more resilient and unstoppable?
We don't have a fully worked-out answer to these questions, but we're curious to try different ideas in this vein. Some questions on our minds:
We believe figuring all this out can be instrumental in positioning Nouns as a leader in the Ethereum space, and one of the most attractive places to join as a Nouner, builder, delegate or fan.
We expect technical work to continue taking up the vast majority of our time and energy; this term we plan to spend more time than before on proliferation of Nouns tech and collaboration with more tech teams.
We're sharing below our current plan, and emphasizing again that it's absolutely subject to change as we learn more doing the work, or if community members share ideas that are worth changing priorities for.
We hope these items won't take up much time, but making it clear that as long as these items need our attention, they are top priority.
These projects get us really excited. We would start on these as soon as V3 is live and the above musts are in good shape.
Nouns Governor
Nouns DAO was launched as a fork of Compound Governor Bravo, and to this day remains similar in key aspects. Since then a lot has changed, the DAO landscape has evolved, and here specifically at Nouns we're hitting some walls continuing to rely on the original design. It's time to go back to first principles.
The foundation of this new governor design is using NFT-based voting. In today's design voters have a numeric votes balance, an inheritance from Compound's ERC20-based DAO. A Nouns design would be NFT-based, where NFTs are the voters rather than wallets. Some of the benefits of NFT-based voting:
Other changes we're considering are too raw to articulate here; they will be part of our preliminary research, and will be communicated to the community as soon as possible.
Collaborations with other teams
We'd like to work with leading teams in their fields, to help move the needle for Nouns and the DAO ecosystem. Key examples are:
We will explore additional collaboration opportunities as well, including other teams building governance smart contracts.
Big projects:
Smaller projects:
AuctionHouse V2: mainly introduces a new onchain price history feed. The project is already coded, next we'll need to run more tests and get it audited.
Airdrops: we would follow the DAO's choice to build a Nouns Buyer contract.
DAO-controlled multisigs: a Gnosis Safe extension such that multisigs created for Nouns proposals will include the DAO as an admin that can execute arbitrary transactions from those Safes.
Streamer frontend: a web client showing all streams created by the DAO, allowing recipients to view and withdraw from their streams, and allowing Nouns voters to propose to cancel any open stream.
We would like to do more in this area than we've done so far, while still dedicating the vast majority of our time to the technical projects mentioned above.
Some examples on our mind:
We believe a multi-governor future can be exciting, however this vision isn't clear enough yet to elaborate in this proposal. We'd like to continue discussing this vision with other token holders and community members who feel excited about it.
For any questions, we're available on the NCD discord server and on twitter.