Lil Nouns DAO

TLDR: Replicate Nouns DAOs process in allocating fast capital to DAO contributors via small/retroactive grants. - Refunding same wallet with 50 ETH, and compensating brianj 3 ETH for the custom instance of AddressBoard

Intro

The on-chain proposal process is not ideal for encouraging small, one-off, or alpha versions of projects/tooling. Eager creators shouldn’t have to wait days for an on-chain proposal to be passed to receive a small amount of ETH. The DAO should not have to submit a formal proposal each time it wants to quickly reward valuable contributors.

Lil Funding Pool

We propose establishing a pool of funds and Lil Nouns NFTs to encourage creators, devs, artists, and contributors to build with Lil Nouns. This pool of capital and NFTs, will be sent to a Gnosis Safe controlled by a small group of Lil Nouners and Lil Nouns DAO.

Proposed budget: 53 ETH

• 50 ETH to the Lil Funding Multisig
• 3 ETH to brianj for custom implementation/support of addressboard.

The aim of the pool will be to:

Acknowledge past contributions to Lil Nouns through retroactive funding Grant funds for the development of small, one-off, or alpha version projects Reward ongoing contributors to Lil Nouns Signal that retroactive funding is a viable path to build on Lil Nouns Return Lil Nounder ownership back to to the community. As part of this proposal design, the Lil Nounders expressed a desire to return a substantive portion of their ownership back to the community. To action this desire, they’ve recommended that every 90th Lil Noun will be sent to the Lil Grants safe to be given to community members.

Funding Committee

The Lil Funding Committee will monitor the builder community, retroactively fund previous work as it comes up, and receive informal requests/applications for small project grants. The projects and amounts will be at the committee’s discretion.

The committee’s gnosis safe will require 2 of 5 Lil Nouners to sign, with Lil Nouns DAO acting as a largely symbolic owner and backup. We recommend keeping the signer group small with a team of experienced signers and then add more as we scale up operations and size of the pool.

The signers on the Safe are:

Lil Noun 482 lil world Lil Noun 129 lil john Lil Noun 317 bflynn Lil Nounder Dot Dot Lil Noun 449 lil al409 Lil Noun 1579 Baba ⌐◨-◨ Lil Noun 292 Lil BK mrtn#7388

The committee is open for any Lil Nouners to submit suggestions for grants and contributors that they see as deserving of a reward.

Submitting Requests

We have officially transitioned from using discourse posts to submit applications, to now using addressboard. Brianj and al409 submitted a Prop House proposal to gauge interest and request partial funding to build out addressboard to support our lil funding program and we will be using it for all applications going forward.

TLDR on Addressboard Functionality

• Apply for funding through a simple form with your on-chain identity
• Easily browse all recent funding requests
• Up / downvotes requests with your lil nouns vote weight
• Discuss proposals with your on-chain identity
• Transparently track which props get funded (and for how much), and which ones didn’t
• Easily see how much money is left in the lil funding treasury

Details

• After each application, a prop has 4 days to get votes after which it’s marked as ended (this value is adjustable based on community feedback)
• These votes are a signal to the lil funding committee about what the community finds valuable
• Funded proposals are then moved to the funded category by the lil funding team