Client incentives adds a layer of usage-based, retroactive funding to Nouns' clients. It's intended as a partial substitute to the upfront lump sum client funding model we've solely relied on so far. It is likely not sufficient to be the entire budget for all clients but it should relieve some of the funding needs for existing clients as well as enabling new client experiments to earn ETH without the burden of having to pass a funding prop.
In proposal 532 the DAO logic and auction house contracts were upgraded to add the required features for Client Incentives. For more background on what Client Incentives are, as well as the contract changes, please see proposal 505.
Two types of parameters are being configured in this proposal:
The former is the more important parameter to pay attention to, basically deciding how much of the auction proceeds should be budgeted towards clients.
The latter is a bit more technical and is meant to keep the auction revenue amounts used in the rewards calculation less volatile as well as reduce gas consumption.
We are asking to fund the rewards contract with 90 ETH which should be enough for 6 months given today’s auction prices (~5 ETH) & a total of 10% allocated for rewards. Keep in mind nouns.wtf does not earn client incentives so this is likely a conservative estimate.
Anyone can participate by registering their client. The DAO needs to approve clients before they can withdraw their rewards. More detailed explanation can be found here.
Client incentives adds a layer of usage-based, retroactive funding to Nouns' clients. It's intended as a partial substitute to the upfront lump sum client funding model we've solely relied on so far. It is likely not sufficient to be the entire budget for all clients but it should relieve some of the funding needs for existing clients as well as enabling new client experiments to earn ETH without the burden of having to pass a funding prop.
In proposal 532 the DAO logic and auction house contracts were upgraded to add the required features for Client Incentives. For more background on what Client Incentives are, as well as the contract changes, please see proposal 505.
Two types of parameters are being configured in this proposal:
The former is the more important parameter to pay attention to, basically deciding how much of the auction proceeds should be budgeted towards clients.
The latter is a bit more technical and is meant to keep the auction revenue amounts used in the rewards calculation less volatile as well as reduce gas consumption.
We are asking to fund the rewards contract with 90 ETH which should be enough for 6 months given today’s auction prices (~5 ETH) & a total of 10% allocated for rewards. Keep in mind nouns.wtf does not earn client incentives so this is likely a conservative estimate.
Anyone can participate by registering their client. The DAO needs to approve clients before they can withdraw their rewards. More detailed explanation can be found here.