Prop House Protocol: Public Infrastructure by Nouns DAO
proposed by 0xa555…9615
Voting ended with quorum met and more For than Against. The proposal passed.
Quorum
The For votes a proposal needs before it can pass
104 / 36 For votes of the quorum
100.0%
Quorum met · 68 over
Request size
Vote result
Which side is ahead
Proposal end
Voting period ended
Ended
1553d 6h ago · Executed
Opened
block 15,093,500
Closed
block 15,113,210
Description:
What started as an experimental approach for Nouns DAO to deploy capital has become core infrastructure to onboard and fund builders within the Nouns ecosystem. Consequently, the idea has been spreading. From ENS, to Ape Coin to AAVE, communities across the broader crypto space have expressed interest in using Prop House.
I propose building the Prop House Protocol as public infrastructure with the aims of it being a tool for all to use while proliferating the Nouns meme at the deepest level.
Where we are today:
Summary:
- 300+ proposals submitted
- 2,000+ votes allocated
- 5 active houses
- 157 ETH committed to 52 builders across 10 funding rounds
- prop.house UX continues to improve
- External interest:
- Please review the Expenses report for an overview of all things Prop House financials
Proposals:
At the time of writing (06/18), 18 proposals have had enough time elapse since being funded to make a judgement on whether or not they executed. So far, only 1 out of 18 proposals has had a no-show. Overall, quality of proposals corresponding to amounts funded are still desirable. With the launch of Nouns Combinator (25 ETH single winner house), we hope to see more ambitious proposals be submitted.
Houses:
We are currently running 4 nounish houses with another two coming online soon:
- Nouns Launchpad
- Lil Nouns
- NounPunks
- Nouns Combinator
- Nouns DAO Japan (coming soon)
- SharkDAO
1 transaction · Send 1,000 ETH to 0x5BcD…C992
1Send 1,000 ETH to 0x5BcD…C992− 1,000 ETHOut
0x5bcd…c9921,000 ETH
Raw call: no function name was recorded.
Priced portionTreasuryAnnual staking yield
Spending is priced the same way the Coffer prices the treasury: today's prices, today's balances. Moving money between the DAO's own wallets, setting approval limits and swapping one asset for another do not count as spending. NFTs and calls whose effect is unknown are left unpriced.
The yearly staking yield takes what is staked right now at its current rate for one year. It leaves out auction income, price moves and any change to the balances or rates.
Action 1: A current ETH price is unavailable.
A current treasury and staking-yield benchmark is unavailable.
- Proposer
- 0xa555…9615
- Created
- block 15,080,360 · transaction 0x8357ad…ee78
- Vote snapshot
- Voting power is read at block 15,080,360
- Quorum
- 36 For votes
- Turnout
- 104 Nouns cast
- Executor
- The treasury
- Governor
- the Nouns governor on Etherscan
Schedule
- Voting opensblock 15,093,500
- Voting closesblock 15,113,210
- Executable from
Times are shown in your time zone.
How a proposal moves through the governor
The proposer can still edit for a short while after posting. Then it waits for voting to open. Voting runs for a set number of days. If the result flips near the end, an objection period opens where only Against votes are allowed.
To pass, a proposal needs two things at the close: at least as many For votes as the quorum, and more For than Against. The quorum is not fixed. It starts at a minimum and rises with every Against vote, up to a cap, so a contested proposal needs more support than a quiet one.
A passed proposal waits in a timelock, then anyone can execute it until its grace period runs out. The proposer can cancel any time before that. The vetoer can veto a malicious one.
Votes & reasoning27
For
104Nouns · 100.0% · 27 wallets
Abstain
0Nouns · 0.0% · 0 wallets
No abstain votes. An abstain is recorded but counts for neither side.
Against
0Nouns · 0.0% · 0 wallets
No Against votes.
