Nouns DAO

TL;DR:* Continue funding Onnnnnion and Martin to improve Propdates and build more infrastructure around payments and accountability*

Problem

A majority of proposals do not use streams and do not post updates because they have no incentive to do so. In order to increase accountability in the DAO and long-term proposal quality, we need to increase usage of streams and Propdates.

Solution

To solve this, we suggest an upgrade to the current Nouns streaming contracts, which were a fork of Sablier by the Verbs team built in 2022.

We propose Currents, an NFT-based streaming approach, with new features that fit the ecosystem’s needs:

• More streaming strategies: linear, exponential, cliffs, etc…
• Propdates-required: currents will need an update within the last 30 days to unlock, increasing accountability
• Transferable: claiming access belong to the NFT, so contributors can transfer to other wallets if needed
• Onchain Metadata: just a nice touch to have the NFT render the current’s data nicely :-)

You can read the technical document here.

In the next three months, we will:

• Finish the Currents contracts (we’ve already begun work on them), get them fully tested, and audited.
• Integrate Currents into Propdates, as well as other Nouns front-ends
• Continue bringing upgrades and quality of life improvements to Propdates (including new designs). This might include features such as community updates, Prop House updates, personal channels, etc.

Propdates Metrics

• 80 proposals updated (53 completed)
• 153 updates
• 30,000 words
• 1 update every day on average

Team

• Martin front-end): built Propdates, Mogu, Payroll
• Onnnnion (contracts): built Propdates v2 contracts, designed Currents contracts

We will also contract help, and would like to run a community contest for the art of the Current NFTs.

Ask

• 50 ETH streamed over 3 months, not including audit funding