ProposalsProposal 697
ProposalsProposal 697
4 months ago, we proposed a protocol for streaming funds to Nouns builders. The prop passed, and we built flows.wtf
In just over three months, we delivered more than we promised. Check a video of new features here
Flows has been well received. We've onboarded 50+ talented builders globally, each earning part of the $10k monthly stream.
A few examples of projects we’ve funded:
Flows is funding some absolutely epic stuff. These sort of non-consensus small grants are exactly the types of decentralized opportunities we want to champion in Nouns. Check out the /flows channel to dive in.
Building in Nouns has been tough for smaller projects. Before flows, small grants were effectively non-existent, and certainly not scaleable.
As a Nouner, everyone cares about funding different things, but For/Against voting requires majority agreement.
The best capital allocation system minimizes voter effort and maximizes funding for impactful outcomes. We're trying to solve effective capital allocation onchain.
We believe that effective grant-making is key to the future success of Nouns. Our incentive system for Flows must ensure that scamming is more costly than the rewards.
cost to scam > potential rewards
If it's more costly to fake impact than to work on a genuine idea, we can solve the problem of free-riders.
We partially solved this using a Token Curated Registry (TCR); you can read more about its incentives here. But even with incentives in place to curate a solid list of grantees, "ain't nobody got time for that", and it's unfortunately still open to collusion as well.
The game has changed. AI is now incredibly cheap, and we have onchain data plus Farcaster’s social graph. So, we can build AI systems to spot, question, and ultimately challenge underperforming grantees.
Directionally correct incentives are already in place with the TCRs, and we have all the data we need, we just need intelligent agents willing to do the work.
Our long-term goal is to fight scammers and champion rockstar builders. We aim to scale Nounish grant-making to support one million builders per month. The tools we put together are:
While we believe the above mechanisms will help us scale the current program to $100k+ per month in builder salaries, we're not sure it will be sufficient at numbers above that. We plan to explore other mechanisms so that effective grant making can emerge from the incentive structure of Flows.
We're concerned that there's no clear incentive to find and reward those who spot underperforming or scamming grantees. We need an onchain mechanism to inform us whether or not someone is legitimate, continually, over time, in the context of their grant work.
We’re most excited about exploring small prediction markets for each project or grantee. We are open to more ideas on this front.
We have been streaming $10k a month to builders in the grants program (weighted by Nouns votes) for the past 4 weeks. We want to 4x this over the next 4 months.
We believe we have the tools and data to effectively catch scammers and free-riders.
Even with our limited infra today, 94% of grants recipients have posted legitimate updates on the work they're doing (4/67 have not, but 2 are newly approved, and 2 are having trouble with Warpcast).
Plus, we have a huge number of incredible builders waiting to apply, including an Olympic bronze medalist. Great builders are ready to scale their impact.
We'll keep iterating based on feedback, adding new features for growth, and simplifying the platform. We plan to deliver beyond what's outlined here and hope this gives a clear signal of our direction for those interested.
Rocketman and Wojciech. We've been building in and around the Nouns space for nearly 3 years. In that time, we have built an alternative protocol for launching Nounish DAOs, House of Nouns, and Vrbs DAO to name a few.
We are requesting $20k USDC a month for 4 months to continue work, split between Wojciech and rocketman ($10k a month per person).
We'd like to scale the grants program to 12ETH a month, streamed to builders every month, for 4 months (up from 10k USDC a month).
Total ask: $80k USDC + 48 ETH
Have any questions? Want to discuss with us? You can reach me on Warpcast here or Twitter here.
4 months ago, we proposed a protocol for streaming funds to Nouns builders. The prop passed, and we built flows.wtf
In just over three months, we delivered more than we promised. Check a video of new features here
Flows has been well received. We've onboarded 50+ talented builders globally, each earning part of the $10k monthly stream.
A few examples of projects we’ve funded:
Flows is funding some absolutely epic stuff. These sort of non-consensus small grants are exactly the types of decentralized opportunities we want to champion in Nouns. Check out the /flows channel to dive in.
Building in Nouns has been tough for smaller projects. Before flows, small grants were effectively non-existent, and certainly not scaleable.
As a Nouner, everyone cares about funding different things, but For/Against voting requires majority agreement.
The best capital allocation system minimizes voter effort and maximizes funding for impactful outcomes. We're trying to solve effective capital allocation onchain.
We believe that effective grant-making is key to the future success of Nouns. Our incentive system for Flows must ensure that scamming is more costly than the rewards.
cost to scam > potential rewards
If it's more costly to fake impact than to work on a genuine idea, we can solve the problem of free-riders.
We partially solved this using a Token Curated Registry (TCR); you can read more about its incentives here. But even with incentives in place to curate a solid list of grantees, "ain't nobody got time for that", and it's unfortunately still open to collusion as well.
The game has changed. AI is now incredibly cheap, and we have onchain data plus Farcaster’s social graph. So, we can build AI systems to spot, question, and ultimately challenge underperforming grantees.
Directionally correct incentives are already in place with the TCRs, and we have all the data we need, we just need intelligent agents willing to do the work.
Our long-term goal is to fight scammers and champion rockstar builders. We aim to scale Nounish grant-making to support one million builders per month. The tools we put together are:
While we believe the above mechanisms will help us scale the current program to $100k+ per month in builder salaries, we're not sure it will be sufficient at numbers above that. We plan to explore other mechanisms so that effective grant making can emerge from the incentive structure of Flows.
We're concerned that there's no clear incentive to find and reward those who spot underperforming or scamming grantees. We need an onchain mechanism to inform us whether or not someone is legitimate, continually, over time, in the context of their grant work.
We’re most excited about exploring small prediction markets for each project or grantee. We are open to more ideas on this front.
We have been streaming $10k a month to builders in the grants program (weighted by Nouns votes) for the past 4 weeks. We want to 4x this over the next 4 months.
We believe we have the tools and data to effectively catch scammers and free-riders.
Even with our limited infra today, 94% of grants recipients have posted legitimate updates on the work they're doing (4/67 have not, but 2 are newly approved, and 2 are having trouble with Warpcast).
Plus, we have a huge number of incredible builders waiting to apply, including an Olympic bronze medalist. Great builders are ready to scale their impact.
We'll keep iterating based on feedback, adding new features for growth, and simplifying the platform. We plan to deliver beyond what's outlined here and hope this gives a clear signal of our direction for those interested.
Rocketman and Wojciech. We've been building in and around the Nouns space for nearly 3 years. In that time, we have built an alternative protocol for launching Nounish DAOs, House of Nouns, and Vrbs DAO to name a few.
We are requesting $20k USDC a month for 4 months to continue work, split between Wojciech and rocketman ($10k a month per person).
We'd like to scale the grants program to 12ETH a month, streamed to builders every month, for 4 months (up from 10k USDC a month).
Total ask: $80k USDC + 48 ETH
Have any questions? Want to discuss with us? You can reach me on Warpcast here or Twitter here.