ProposalsProposal 183
ProposalsProposal 183
Empowering creatives within nouns using infrastructure that simultaneously builds the reputation of nouns as the DAO for builders... that's extremely Ugly⌐◨-◨
The "State of the Prop House" call was very helpful for gaining insight into the future of Prop House and where the team is taking it. It would be a good practice for us to have more open calls like this at the DAO.
Prop House is an increasingly integral part of the Nouns ecosystem, and is finding its way as a general piece of infrastructure for communities outside of Nouns.
Prop House is synonymous with Nouns and is proving itself to be an effective forum for the DAO to spend capital on wide ranging efforts. We want to see continued development of it and for that reason we are voting a yes.
Our strong opinion is that Prop House and its protocol should be operated from its own Nounish DAO. This would move Prop House outside of a proposal based funding model into its own sustainable funding mechanism, it would also have the added benefit of creating a direct ownership link to Nouns. This would also mean that Prop House could utilize Prop House. The Prop House meme is already proliferating through many communities, it only makes sense to use a meme machine to accelerate this trend.
I require the Nounders veto be removed before voting any ETH to Nounders. This was one of Wag's major priorities in our DMs, he was laser focused on decentraliztion and concerned about this as a threat vector (along with many related issues, Wag was always gonna Wag). The Nounders' veto is more problematic and centralizing now than it ever was before.
If you feel the same, feel free to delegate your Nouns to me, as I will vote all proposals that involve the treasury paying Nounders down until the veto is removed (the exception being ETH to fund removing the veto), especially ones involving major amounts of ETH.
Let's decentralize the governance as it should have been long ago.
I do love prop house, but we're spending ca 2.5 ETH on admin to every 1 ETH to builders. This does not seem like a great ratio. Also, I believe >16 ETH per team members way too high, specially considering all the feedback the community gives on how other contributors should be compensated. Prop House is important, and I'd welcome the prop again after discussion.
Nouncil Vote:
49 Yes, 1 No, 0 Abstain
3 Nouncillors abstained from the decision
YES WINS
Vote Reasons & Discussion
samellis ⌐◨-◨ | "more prop house please"
Benbodhi | "Prop House is a powerful tool and I support the continuation of it."
andreitr | "hell yes"
JoelCares | "Prop House is significantly useful Nounish architecture. Easy yes here. Let these smart people continue to build!"
Graphic.⌐◨-◨ | "No brainer yes, prop house has been working great and will keep doing so long as it keeps getting funded and ran by the people currently in charge"
RyanMac ⌐◨-◨ | "Excited to start the Tiny Dinos 1st prophouse round in the coming weeks. Huge fan of the protocal"
BitcoinBob ⌐◨-◨ | "yes"
Mindtoasted | "Tight team, proven impact, I vote yes."
For more Nouns DAO proposal discussion head to the Nouncil Discord: https://discord.gg/nouncil
Prop House is great, but we kicked the value accrual can down the road during the 1000 ETH proposal discussion process.
Not interested in kicking it again.
This is a solid team of high level devs working hard to make a great tool that can be used by others communities. Easy yes from me.
not happy with current value accrual to nounsdao. Other DAOs are happy customers of prop house without bankrolling the operation.
yes, but prop house needs to become a dao. it solves for the fundraising issue, allows prop house to onboard more contributors to advance protocol development, allows prop house to capture value from its proliferation of the nouns meme through auctions. ideally we see this launch as a nounish dao of which nouns can be a part owner.
Girl, I see you, in them Apple Bottom jeans Chinchilla on your back, I wanna know your name Girl, I'm Twista, I could blow your brains Put you in a chameleon '04 Range Still sexy when you smoke that flame Jerk it like a chicken when you throw that thang She got me hotter than a oven, the way that she talk Switchin' to freaky, so I'm lovin' the way that she walk You lookin' good, girl, you oughta be in pictures Listen to me, I see your career goin' sky high Takin' you home to the crib in the Chi And every time I see your thighs, I cry when I drive by Watchin' you should be a thrill, got the fellas on some Johnny Gill Steady screamin', "My, my, my, my!" Walk on the carpet, with the diamonds that flick in the dark Kickin' it on the couch at 106 & Park I can see your beauty on the big screen I can see me freakin' you with whip cream I can see you on stage at the awards With a dress better than Jennifer's and doin' big things Kick it with me, I can mold your life You lookin' good, girl, show you right Dre told me you the prototype I can make you a celebrity overnight
Need some time to actually discuss this please. This is a $700k cost with much better ways to fund this.
What if prop house instead raises funding, it could be a great product in the space as more than nouns just uses it
Our dao should own a good chunk for incubating it, and then we could put this 700k into a seed round
Would love to find a way to make this more sustainable and not have to spend so much every year
Prop House is important to creating an ecosystem where DAOs can flourish within the Nounish ecosystem. I would just ask that the engineers/team members maintain communication about their commitments as 500ETH over 6 months is a substantial ask.
I've had the pleasure of working with prophouse since the very first nounpunk community round. I'm very excited with how the platform continues to grow and develop. Very easy yes from me
Prop House is one of the greatest protocol extensions added by nouns. We must keep that innovation funded and going. All Hail Prop House!
Prop House the power house. Amazing piece of infrastructure that I support continued work on. ⌐◨-◨
This is an actual no brainer. Love this tool. Key piece of DAO infrastructure that is critical for scaling and activating new ideas, builders and communities. The value added to Nouns (and other DAOs) will be greater than the cost and in that sense i think it is already sustainable.
Great example set with the abstained vote too.
(👆 click on video for a Nouns Prop House teaser)
tl;dr: We’ve reached the one year mark since the inception of the idea for Prop House! Over that time period, Prop House has become a core piece of infrastructure for the development of the Nouns ecosystem – onboarding a sizable percentage of the most impactful builders while spreading the Nouns meme far and wide. We are requesting 570 ETH to continue to fund development of Prop House over the next 6 months (Jan ‘23 - Jun ‘23).
State of the Prop House(s): On Dec 1st, 2022, Seneca hosted an open call to update the community on what we’ve been up to since the proposal #105. You can view the slides and recording of the talk here.
The most important outcome of Prop House for Nouns has been its ability to onboard a large percentage of the most impactful builders in the ecosystem. More than funding, the core feature of Prop House is about activating builders. Whether it be for folks who had never heard of Nouns before or those who were just hanging around, Prop House was the mechanism that took them from inactive to building within the ecosystem.
Given Nouns is about bottom-up brand building as opposed to top-down centralized direction, we hope that Prop House can continue to serve as a tool to execute on that Nouns vision. Below is a list of some of the builders who’ve been activated by Prop House:
Our last proposal (#105) passed on July 18, 2022. Since then, we’ve made substantial progress on all core Prop House KPIs:
All our charts are seeing sustained month-over-month growth despite market downturns:
The funnel from prop award to prop completion has maintained a high conversion rate. Close to 85% of all prop winners go on to complete their proposed work. Below is an analysis on all prop winners from all funding rounds within the Nouns house (18 funding rounds and 105 awarded proposals):
Over the past 5 months we’ve onboarded several communities, most notably Meebits via Ape Coin DAO funding. By doing so, Prop House has spread the Nouns meme far beyond our immediate community. In tandem with Prop House growth comes furthering the reach of the Nouns meme along with what Nouns stands for: building.
The Prop House team has been busy working on the core product (prop.house). A brief summary of what we’ve done follows:
We’ve also made strides in the development of the Prop House protocol.
The protocol leverages both Ethereum and Starknet in an effort to provide the best possible user experience. This dual-chain architecture enables Prop House users to propose and vote by signing a message, while decentralizing the entire funding flow.
We use Ethereum as the operations and execution layer, where houses are managed and payouts are made, while Starknet handles all user actions that occur within a funding round.
All of the code is publicly available today in the Prop House repository.
Below are some of the core pieces of infrastructure we’ve developed to support the protocol, where we are currently, and what to expect as we near mainnet launch:
Assuming no major hiccups, we aim to deploy the protocol to mainnet before the end of Q1 2023.
The Prop House financials doc is publicly available here
Over the course of one year and three proposals (#23, #62, #105), Nouns DAO has funded the Prop House team 555 ETH for deploying towards Nouns builders and 695 ETH for development and operating expenses.
Note: current burn rate for Nouns funding rounds is low (~20-30 ETH / mo). If at any point the DAO chooses to have another party deploy Nouns House Funding, we will return all remaining funds to the DAO.
We are aiming for a mainnet launch by the end of Q1 2023. What follows is the timeline we are executing against to get to launch:
Alongside the transition to the protocol as the data layer, we will continue to develop the UX of app:
There are several avenues to explore on how to make Prop House sustainable. For the time being, we are continuing to pursue funding by Nouns DAO as we believe it to be a positive sum engagement. Below we dive into potential avenues:
To date, Nouns DAO has funded development costs of Prop House over the past ~12 months (695 ETH). For the current model to continue to work, Nouners would have to agree that the value created for Nouns by Prop House is higher than that of the development costs. In this framing, Nouns DAO is a patron to Prop house where its ROI is the onboarding of high impact builders, the attention generated by Prop House as public infrastructure by Nouns DAO and it being infrastructure for Nouns to run on.
The true and tried approach is turning on fees at the client and/or protocol. This approach would require a substantial increase in volume (to the order of about 50-100x) to maintain current burn rates. So while feasible, it is not a solution for the short term.
Nounish DAO In prop #105, we posed Prop House DAO as a plausible avenue to making Prop House sustainable. While it is still a potential route, there are concerns as to whether or not the DAO makes sense at all. At the core of it is whether the Nouns DAO format is appropriate for non-purely meme driven protocols. There’s also the question of whether every protocol needs a DAO and a corresponding governance token. So while the DAO is not out of the question, we believe that with experiments like Nouns Builder, the answer will become clearer over time. Pure Meme NFTs There’s a case to be made where Prop House NFTs are minted to hold provenance value. This alone could capture long-term upside in the same way a visual artist and their collectors do.
570 ETH to fund development of Prop House protocol & client over the next 6 months (Jan ‘23 - Jun ‘23).
Funds would be received by the Prop House team multi-sig (3/5) where the signers are Seneca, Solimander, CDT, VapeApe and Devcarrot.
(👆 click on video for a Nouns Prop House teaser)
tl;dr: We’ve reached the one year mark since the inception of the idea for Prop House! Over that time period, Prop House has become a core piece of infrastructure for the development of the Nouns ecosystem – onboarding a sizable percentage of the most impactful builders while spreading the Nouns meme far and wide. We are requesting 570 ETH to continue to fund development of Prop House over the next 6 months (Jan ‘23 - Jun ‘23).
State of the Prop House(s): On Dec 1st, 2022, Seneca hosted an open call to update the community on what we’ve been up to since the proposal #105. You can view the slides and recording of the talk here.
The most important outcome of Prop House for Nouns has been its ability to onboard a large percentage of the most impactful builders in the ecosystem. More than funding, the core feature of Prop House is about activating builders. Whether it be for folks who had never heard of Nouns before or those who were just hanging around, Prop House was the mechanism that took them from inactive to building within the ecosystem.
Given Nouns is about bottom-up brand building as opposed to top-down centralized direction, we hope that Prop House can continue to serve as a tool to execute on that Nouns vision. Below is a list of some of the builders who’ve been activated by Prop House:
Our last proposal (#105) passed on July 18, 2022. Since then, we’ve made substantial progress on all core Prop House KPIs:
All our charts are seeing sustained month-over-month growth despite market downturns:
The funnel from prop award to prop completion has maintained a high conversion rate. Close to 85% of all prop winners go on to complete their proposed work. Below is an analysis on all prop winners from all funding rounds within the Nouns house (18 funding rounds and 105 awarded proposals):
Over the past 5 months we’ve onboarded several communities, most notably Meebits via Ape Coin DAO funding. By doing so, Prop House has spread the Nouns meme far beyond our immediate community. In tandem with Prop House growth comes furthering the reach of the Nouns meme along with what Nouns stands for: building.
The Prop House team has been busy working on the core product (prop.house). A brief summary of what we’ve done follows:
We’ve also made strides in the development of the Prop House protocol.
The protocol leverages both Ethereum and Starknet in an effort to provide the best possible user experience. This dual-chain architecture enables Prop House users to propose and vote by signing a message, while decentralizing the entire funding flow.
We use Ethereum as the operations and execution layer, where houses are managed and payouts are made, while Starknet handles all user actions that occur within a funding round.
All of the code is publicly available today in the Prop House repository.
Below are some of the core pieces of infrastructure we’ve developed to support the protocol, where we are currently, and what to expect as we near mainnet launch:
Assuming no major hiccups, we aim to deploy the protocol to mainnet before the end of Q1 2023.
The Prop House financials doc is publicly available here
Over the course of one year and three proposals (#23, #62, #105), Nouns DAO has funded the Prop House team 555 ETH for deploying towards Nouns builders and 695 ETH for development and operating expenses.
Note: current burn rate for Nouns funding rounds is low (~20-30 ETH / mo). If at any point the DAO chooses to have another party deploy Nouns House Funding, we will return all remaining funds to the DAO.
We are aiming for a mainnet launch by the end of Q1 2023. What follows is the timeline we are executing against to get to launch:
Alongside the transition to the protocol as the data layer, we will continue to develop the UX of app:
There are several avenues to explore on how to make Prop House sustainable. For the time being, we are continuing to pursue funding by Nouns DAO as we believe it to be a positive sum engagement. Below we dive into potential avenues:
To date, Nouns DAO has funded development costs of Prop House over the past ~12 months (695 ETH). For the current model to continue to work, Nouners would have to agree that the value created for Nouns by Prop House is higher than that of the development costs. In this framing, Nouns DAO is a patron to Prop house where its ROI is the onboarding of high impact builders, the attention generated by Prop House as public infrastructure by Nouns DAO and it being infrastructure for Nouns to run on.
The true and tried approach is turning on fees at the client and/or protocol. This approach would require a substantial increase in volume (to the order of about 50-100x) to maintain current burn rates. So while feasible, it is not a solution for the short term.
Nounish DAO In prop #105, we posed Prop House DAO as a plausible avenue to making Prop House sustainable. While it is still a potential route, there are concerns as to whether or not the DAO makes sense at all. At the core of it is whether the Nouns DAO format is appropriate for non-purely meme driven protocols. There’s also the question of whether every protocol needs a DAO and a corresponding governance token. So while the DAO is not out of the question, we believe that with experiments like Nouns Builder, the answer will become clearer over time. Pure Meme NFTs There’s a case to be made where Prop House NFTs are minted to hold provenance value. This alone could capture long-term upside in the same way a visual artist and their collectors do.
570 ETH to fund development of Prop House protocol & client over the next 6 months (Jan ‘23 - Jun ‘23).
Funds would be received by the Prop House team multi-sig (3/5) where the signers are Seneca, Solimander, CDT, VapeApe and Devcarrot.
