ProposalsProposal 785
ProposalsProposal 785
tldr of the changes since our last prop
8 months ago, we envisioned a better way to fund Nouns builders. Since then, flows.wtf has grown to continuously fund over 200 quality nounish projects. Check out our impact at the bottom of the prop.
Funding smaller, non-consensus projects in Nouns DAO is hard. Traditional voting requires majority approval, which limits innovation and doesn't scale. Small-grant incentives don’t prevent free-riders or scammers, and manual oversight isn't viable at scale.
We want to solve effective capital allocation for grassroots impact.
Flows is an open-source protocol combining money streaming, Token Curated Registries (TCRs), AI, and Farcaster to make grant-making continuous, scalable, and financially sustainable. It reduces voter effort, rewards impactful projects, and makes it economically unviable to scam or free-ride.
Our north star is to sustainably fund 1 million quality builders every month.
Since our proposal 4 months ago, we built:
Easily understand project goals and activity over time.
A quorum for each flow to allocate funds more effectively.
Grade every builder's impact in real time.
Automatic reports of a project's work.
Vector search over all grants
Summarized impact for every project over time
Implemented sanctions check like Nouns AuctionHouseV3
Basic curation dashboard
Welcome new projects, send reminders, and support builders on Farcaster.
We have adjusted our focus after feedback on our last proposal.
Our main focus for the forseeable future will be improving curator tooling, builder accountability, and impact tracking infrastructure on the website to ensure capital is allocated as effectively as possible. This includes:
After we have improved the core tooling for better insights into effective capital allocation, we plan to address the larger underlying problem of Flows being zero-sum. This includes exploring:
We commit to work incredibly hard until we have figured out how to sustainably fund grassroots impact onchain.
rocketman and riderway. We've been actively building in and around the Nouns space for nearly three years. In that time, we have built an alternative protocol for launching Nounish DAOs, House of Nouns, and Vrbs DAO to name a few.
Have any questions? Want to discuss with us? You can reach me on Warpcast here.
Our conviction grows every day that funding Flows is perhaps the most effective use of the Nouns treasury. Nouns is a lot more interesting if we can pay 1000 people ~$100 to go out and have local impact, vs. paying small teams large sums of money (which already happens offchain). We put together a list to highlight a small set of exciting impact funded by Flows for only $40k/mo over the last 4 months.
Flows made all of this happen and more. All for a relatively small amount of money compared to what Nouns has spent so far.
$20k USDC a month to continue building Flows, split between riderway and rocketman ($10k a month per person) for 5 months.
$10k USDC to cover legal advice, Marshall Islands DAO incorporation (via MIDAO), and tax expert consultation to ensure we structure Flows compliantly. Any unused funds from this allocation will be returned to the DAO.
Finally, we are requesting $32.5k a month for the next 5 months to fund flows builders. (we will reserve $5k a month for the last 4 months to fund matching pools).
Total ask: $270k USDC
Let's bring the makers together and complete the virtuous cycle,
-- rocketman
We've been working with jango.eth from Juicebox for a few months now slowly workshopping what a revnet enabled flows would look like. We are still unsure on the exact specifics, but are sharing some potential models below:
Check out a more in depth view on this Figma.
Another potential model with more specifics of parameters. While we are not exactly sure what the final form will look like, we hope this provides some more insights into our approach for those interested. We commit to publicly workshopping these parameters with anyone who cares to participate. We also commit to splitting a min. of 10% of revnet tokens with Nouns DAO proper.
The ethos of crypto (and Flows) is decentralization, immutability, openness, and borderlessness. Recognizing Nouns DAO's U.S. base and the complexities of global funding, we are implementing the following measures to ensure Flows operates responsibly and compliantly:
Establish DAO LLC: We are forming a DAO LLC in the RMI. This provides limited liability protection for our team and formally establishes Flows as a distinct international entity, clarifying its operational jurisdiction.
Implement Robust Sanctions Screening: We implemented automated sanctions checks to continuously screen all recipient wallets against OFAC and other relevant sanctions lists.
Pathway to Decentralized Governance: Flows currently operates as a decentralized grant giving program, with no one in charge of how funds are dispersed. We are committed to progressively decentralizing the control of Flows protocol contracts as well.
Clarify Tax Responsibility: Our system explicitly assigns the responsibility for all tax reporting and payments to the grant recipients according to their local laws. Recipients will be clearly notified of this requirement. The Flows protocol itself is not structured to manage individual tax withholding globally. We are open to working with the DUNA on this.
Commitment to Compliance: We are committed to navigating the regulatory landscape proactively and adapting as needed. We will work closely with Nouns DAO and seek guidance to ensure Flows operates responsibly while advancing towards greater decentralization.
tldr of the changes since our last prop
8 months ago, we envisioned a better way to fund Nouns builders. Since then, flows.wtf has grown to continuously fund over 200 quality nounish projects. Check out our impact at the bottom of the prop.
Funding smaller, non-consensus projects in Nouns DAO is hard. Traditional voting requires majority approval, which limits innovation and doesn't scale. Small-grant incentives don’t prevent free-riders or scammers, and manual oversight isn't viable at scale.
We want to solve effective capital allocation for grassroots impact.
Flows is an open-source protocol combining money streaming, Token Curated Registries (TCRs), AI, and Farcaster to make grant-making continuous, scalable, and financially sustainable. It reduces voter effort, rewards impactful projects, and makes it economically unviable to scam or free-ride.
Our north star is to sustainably fund 1 million quality builders every month.
Since our proposal 4 months ago, we built:
Easily understand project goals and activity over time.
A quorum for each flow to allocate funds more effectively.
Grade every builder's impact in real time.
Automatic reports of a project's work.
Vector search over all grants
Summarized impact for every project over time
Implemented sanctions check like Nouns AuctionHouseV3
Basic curation dashboard
Welcome new projects, send reminders, and support builders on Farcaster.
We have adjusted our focus after feedback on our last proposal.
Our main focus for the forseeable future will be improving curator tooling, builder accountability, and impact tracking infrastructure on the website to ensure capital is allocated as effectively as possible. This includes:
After we have improved the core tooling for better insights into effective capital allocation, we plan to address the larger underlying problem of Flows being zero-sum. This includes exploring:
We commit to work incredibly hard until we have figured out how to sustainably fund grassroots impact onchain.
rocketman and riderway. We've been actively building in and around the Nouns space for nearly three years. In that time, we have built an alternative protocol for launching Nounish DAOs, House of Nouns, and Vrbs DAO to name a few.
Have any questions? Want to discuss with us? You can reach me on Warpcast here.
Our conviction grows every day that funding Flows is perhaps the most effective use of the Nouns treasury. Nouns is a lot more interesting if we can pay 1000 people ~$100 to go out and have local impact, vs. paying small teams large sums of money (which already happens offchain). We put together a list to highlight a small set of exciting impact funded by Flows for only $40k/mo over the last 4 months.
Flows made all of this happen and more. All for a relatively small amount of money compared to what Nouns has spent so far.
$20k USDC a month to continue building Flows, split between riderway and rocketman ($10k a month per person) for 5 months.
$10k USDC to cover legal advice, Marshall Islands DAO incorporation (via MIDAO), and tax expert consultation to ensure we structure Flows compliantly. Any unused funds from this allocation will be returned to the DAO.
Finally, we are requesting $32.5k a month for the next 5 months to fund flows builders. (we will reserve $5k a month for the last 4 months to fund matching pools).
Total ask: $270k USDC
Let's bring the makers together and complete the virtuous cycle,
-- rocketman
We've been working with jango.eth from Juicebox for a few months now slowly workshopping what a revnet enabled flows would look like. We are still unsure on the exact specifics, but are sharing some potential models below:
Check out a more in depth view on this Figma.
Another potential model with more specifics of parameters. While we are not exactly sure what the final form will look like, we hope this provides some more insights into our approach for those interested. We commit to publicly workshopping these parameters with anyone who cares to participate. We also commit to splitting a min. of 10% of revnet tokens with Nouns DAO proper.
The ethos of crypto (and Flows) is decentralization, immutability, openness, and borderlessness. Recognizing Nouns DAO's U.S. base and the complexities of global funding, we are implementing the following measures to ensure Flows operates responsibly and compliantly:
Establish DAO LLC: We are forming a DAO LLC in the RMI. This provides limited liability protection for our team and formally establishes Flows as a distinct international entity, clarifying its operational jurisdiction.
Implement Robust Sanctions Screening: We implemented automated sanctions checks to continuously screen all recipient wallets against OFAC and other relevant sanctions lists.
Pathway to Decentralized Governance: Flows currently operates as a decentralized grant giving program, with no one in charge of how funds are dispersed. We are committed to progressively decentralizing the control of Flows protocol contracts as well.
Clarify Tax Responsibility: Our system explicitly assigns the responsibility for all tax reporting and payments to the grant recipients according to their local laws. Recipients will be clearly notified of this requirement. The Flows protocol itself is not structured to manage individual tax withholding globally. We are open to working with the DUNA on this.
Commitment to Compliance: We are committed to navigating the regulatory landscape proactively and adapting as needed. We will work closely with Nouns DAO and seek guidance to ensure Flows operates responsibly while advancing towards greater decentralization.