Lil Nouns DAO

TL;DR

We need 2 ETH transferred to the Auto-Bidder smart contract to snag a third Noun, meeting the 3-Noun rule for making proposals. The contract already has 1 ETH, so this brings us to 3 ETH for bidding.

Context

We have 2 Nouns in the treasury but need 3 to propose under the new rules. Let’s lock in another Noun to keep our governance game strong.

Proposal

Add 2 ETH from the treasury to the Auto-Bidder smart contract, which already holds 1 ETH. That’ll give us 3 ETH to bid strategically in Nouns auctions.

Rationale

• Stay in the Game: We need 3 Nouns to propose. Simple.
• Smart Spending: The Auto-Bidder will ensure we don’t overspend.
• No Time to Waste: Missing this window risks losing proposer status.

Budget

• Amount: 2 ETH (adding to the 1 ETH in the contract).
• Recipient: Auto-Bidder smart contract.
• Purpose: Win one more Noun.

Execution Plan

1. Transfer 2 ETH to the Auto-Bidder.
2. Use the total 3 ETH to bid in auctions.
3. Update the DAO when the Noun is secured.

Risks and Mitigation

• Auction Prices: The Auto-Bidder is programmed to avoid overpaying.
• Budget Limits: If 3 ETH isn’t enough, we’ll reassess and act accordingly.

Conclusion

We need this third Noun to keep our seat at the table. Let’s make it happen and ensure Lil Nouns DAO keeps thriving.