Fake World Assets
proposed by 0x387a…fffd sponsored by 0xf84a…b5a8
The proposal did not pass: quorum not met, For not ahead, voting ended. It needs both quorum and more For than Against.
Quorum
The For votes a proposal needs before it can pass
155 / 204 For votes of the quorum
76.0%
Closed 49 more For votes short of quorum
Request size
Vote result
Which side is ahead
Turnout
468 / 1,361Nouns
34.4% cast
Proposal end
Voting period ended
Ended
59d 7h ago · Defeated
Opened
block 25,832,909
Closed
block 25,861,709
⚡️ TLDR
Quick summary:
- Send 24 treasury Nouns into fwa.fun, the onchain gacha machine
- Each backed with ~1.28 ETH so a winner nets exactly the same whether they keep the Noun or take the ETH
- No discounts, no giveaways. Anyone who keeps a Noun turned down its exact cash value to do so
- Every listing earns an equal share of every draw fee in the protocol, paid to the treasury
- In expectation, a listing earns back its own backing in fees before it is ever drawn (math below)
- Nouns and ETH move through a reusable manager contract whose every exit is hardcoded to the treasury
Throughout this proposal, "the treasury" means the Nouns DAO treasury, the timelock at nouns.eth. Full details below...
🙋 Background
I'm gami, Nouner since the early days (Nouns 13 and 189) and founder of Gnars, which got started with 69 ETH from Prop 51 in April 2022 and has been proliferating Nouns ever since. You've seen my proposals before. They tend to bring voters out of the woodwork. Bring them.
In July 2026 I forked FWA onto Robinhood Chain as StockRip: 74,000+ draws, 1,700+ ETH of volume, 900+ players (live stats). So I know this machine from both sides of the glass, because I run one. I've also fed FWA a Noun of my own: Noun 1382, backed with my own ETH, priced too low, gone in three hours, lol. That mistake is where this proposal's pricing rule comes from.
🎰 Why
The treasury holds 613 Nouns and gains one every day. Since the reserve went to 2.8 ETH in April, 101 of the 102 auctions through mid-August ended with zero bids: 26 Nouns burned, 75 swept into the treasury, one single winner. The treasury's ~4,000 ETH is mostly staked and earning. Its 604 Nouns earn nothing.
FWA is doing ~310 draws and ~25 ETH in draw fees a day across 6,400+ active listings as of 2026-08-22, down from a ~2,900-draw peak as post-emissions volume settles (measured onchain, methodology at the bottom). Nouns is already whitelisted as collection #17. The machine is running either way. This proposal puts 24 of our idle Nouns inside it, earning, and in front of people.
4 transactions · sends 30 ETH and 24 Nouns
1Allow the FWA listing manager to move Nouns the treasury holdsNounApproval
0x9c8f…dc03the Nouns token0 ETH
setApprovalForAll(address,bool)
Calldata (64 bytes) 0x00000000000000000000000089ec417fa93f02926bf9c28316da4e7d0f28089b0000000000000000000000000000000000000000000000000000000000000001
2Withdraw 24 Nouns from the treasury into the FWA listing manager (ids 11, 26, 82, 89, 279, 408 and 18 more)− 24 NounOut
0x89ec…089bthe FWA listing manager0 ETH
pull(uint256[])
Calldata (832 bytes) 0x00000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000018000000000000000000000000000000000000000000000000000000000000000b000000000000000000000000000000000000000000000000000000000000001a00000000000000000000000000000000000000000000000000000000000000520000000000000000000000000000000000000000000000000000000000000059000000000000000000000000000000000000000000000000000000000000011700000000000000000000000000000000000000000000000000000000000001980000000000000000000000000000000000000000000000000000000000000224000000000000000000000000000000000000000000000000000000000000022f0000000000000000000000000000000000000000000000000000000000000321000000000000000000000000000000000000000000000000000000000000035d000000000000000000000000000000000000000000000000000000000000077a000000000000000000000000000000000000000000000000000000000000077d0000000000000000000000000000000000000000000000000000000000000789000000000000000000000000000000000000000000000000000000000000078d0000000000000000000000000000000000000000000000000000000000000796000000000000000000000000000000000000000000000000000000000000079e00000000000000000000000000000000000000000000000000000000000007a200000000000000000000000000000000000000000000000000000000000007a500000000000000000000000000000000000000000000000000000000000007a600000000000000000000000000000000000000000000000000000000000007b100000000000000000000000000000000000000000000000000000000000007bc00000000000000000000000000000000000000000000000000000000000007bf00000000000000000000000000000000000000000000000000000000000007c400000000000000000000000000000000000000000000000000000000000007c5
3Revoke the FWA listing manager's permission to move NounsNounApproval
0x9c8f…dc03the Nouns token0 ETH
setApprovalForAll(address,bool)
Calldata (64 bytes) 0x00000000000000000000000089ec417fa93f02926bf9c28316da4e7d0f28089b0000000000000000000000000000000000000000000000000000000000000000
4Send 30 ETH to the FWA listing manager− 30 ETHOut
0x89ec…089bthe FWA listing manager30 ETH
Raw call: no function name was recorded.
Immediate spendTreasuryAnnual staking yieldCapital allocated
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.
A current treasury and staking-yield benchmark is unavailable.
Capital is allocated to the DAO-controlled FWA manager. Later listings or settlements can spend ETH or transfer Nouns; this immediate spending figure does not estimate the lifetime program cost.
- Proposer
- 0x387a…fffd
- Sponsors
- 0xf84a…b5a8
- Created
- block 25,811,309 · transaction 0xb26b35…7f67
- Vote snapshot
- Voting power is read at block 25,832,909
- Quorum
- 204 For votes. Every Against vote raises this floor, up to a cap. Reaching it is not enough on its own: For also has to beat Against.
- Turnout
- 468 of 1,361 Nouns cast · 34.4%
- Executor
- The treasury
- Governor
- the Nouns governor on Etherscan
Schedule
- Editable untilblock 25,829,309
- Voting opensblock 25,832,909
- Voting closesblock 25,861,709
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 & reasoning48
For
155Nouns · 33.1% · 37 wallets
Abstain
2Nouns · 0.4% · 1 wallet
Against
311Nouns · 66.5% · 10 wallets
Signals count wallets, not Nouns, and are not votes.
