ProposalsProposal 506

Fund Retroactive Rounds via Rounds.wtf

Executed
For
81
Against
1
Abstain
1
Quorum: 46
Proposed by
0xb0dd...4404
, sponsored by
0x10de...74cc

Fund Retroactive Rounds via Rounds.wtf

tldr:
Allocate 50 ETH towards retroactive rounds via new Farcaster-native UX: rounds.wtf.

Context:
The Prop House team is exploring a new UX via Farcaster for Nouns to allocate funds through. There are several reasons why we feel compelled to experiment in this direction:

  • Rounds are inherently social. Therefore, a user experience that embeds itself into a social platform makes running rounds a frictionless experience.
  • Leveraging the Farcaster’s social graph, we can expand Nouns participants beyond our immediate voting pool in order to scale allocation efforts.
  • Building atop of Farcaster makes our development cycles shorter.

Experiments:
We’ve run two rounds so far:

  • Round 1:
    • Test: Will we receive quality submissions through “reply to submit”.
    • Results: 71 submission of which 37 were awarded via 48 unique addresses allocating 1200+ votes. The allocation can be seen here.
  • Round 2:
    • Test: Will "likes as votes" function equal to or better than voting.
    • Results: 69 submissions, 46 were awarded via 43 unique fids allocating 300+ likes.
  • Round 3: (ongoing)
    • Test: Will "tag to submit" work as well as reply to submit
    • Results: We had a very slow start (yesterday) so today we added reply to submit alongside tag to submit. Conclusions pending.

What's next?

We're taking everything we've learned since Prop House inception and speed running it on a new medium. Our goal is to ship a new feature to test assumptions on a weekly basis. Items we're actively thinking about:

  • Fine tuning the selected voter base.
  • Automating payouts to handle 100s of award recipients.
  • Activating new people into Nouns via voting (likes) and/or submissions (replies).
  • DIY round creation.
  • Adapting to channels as the community primitive.

Ask:
50 ETH, 100% will be used towards funding Nouns contributors. The funds are being sent to a 1/2 safe managed by soli & seneca.