Lil Nouns DAO

TLDR: Replicate Nouns DAOs process in allocating fast capital to DAO contributors via small/retroactive grants. - Refunding same wallet from Season 1 with 50 eth

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 Grants Pool

We propose establishing a pool of funds and Lil Nouns NFTs to encourage creators, devs, and artists 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: 50 ETH and 14 Lil Nouns NFTs*

The aim of the pool will be to:

1. Acknowledge past contributions to Lil Nouns through retroactive funding
2. Grant funds for the development of small, one-off, or alpha version projects
3. Reward ongoing contributors to Lil Nouns
4. Signal that retroactive funding is a viable path to build on Lil Nouns
5. 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. At the time of the proposal, this amounts to 28 Lil Nouns. Since we sent 14 Lil Nouns in season 1, this round will add an additional 14 Lil Nounders to the Lil Grants safe.

Funding Committee

The Lil Grants 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 initial signers on the Safe will be:

• Lil Noun 482 (lil world)
• Lil Noun 129 (lil john)
• Lil Noun 317 (bflynn)
• Lil Nounder Dot
• Lil Nouns DAO
• Lil Noun 449 (lil al409)

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