Proposal 229 (Q1923)
From Nouns Dev
A Nouns proposal.
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Proposal 229 |
A Nouns proposal. |
Statements
5 February 2023
0 references
37
0 references
229
0 references
90
0 references
Federation
0 references
Federation
0 references
126
0 references
DAO to DAO governance is currently very ugly and we would like to see it become a lot more Ugly⌐◨-◨
0 references
the proposed infra offers proper decentralized execution across sub-communities. it is imperative to promote governance and mitigate intermediaries that can be subject to external influence. the ability to engage in trustless governance across subDAOs is the type of innovation id like to see Nouns showcase. i do think there is a chance that trustless participation can increase demand for Nouns, even if by a small margin. ripe and wiz are excellent builders, and i am happy to support this initiative.
0 references
we need better onchain infra for trustless cross DAO voting. we are beneficiaries of more nouns buying & more nouns voting participation.
0 references
nom nom crossDAO governance ⌐◨-◨
0 references
28
Federation is solid and will add absolute value and love Wiz and his work, but consistent with feedback I gave before the Proposal was onchain, cost is too high for this to work for the DAO. Given it went onchain as is despite feedback beforehand, would only vote Yes if cost was 50% lower.
0 references
not sure if vote bidding is a good thing to work on for...
0 references
Reasonings posted here: https://cbites.substack.com/p/active-governance-noun-582-1
0 references
5 February 2023
0 references
12
Nouncils current Vote Threshold requires an option to have 35 or more votes to win. In this poll the Vote Threshold was not met and Nouncil therefore votes Abstain. **YES - 31 votes** - we are the federation! - federation ⌐◨-◨ **NO - 10 votes** **ABSTAIN - 1 votes**
0 references
6
0 references
225
0 references
225
0 references
2
0 references
63
0 references
Federation is a project that aims to enhance community participation in governance by allowing direct voting on Nouns proposals. The project is seeking 225 ETH in funding to extend its capabilities to support all forms of governance in the ecosystem, integrate with Prop House and Nouns Builder, and provide opportunities for Nouns owners to generate value through new experiments like vote bidding.
0 references
Federation cant be used atm for lilNouns in its current state?
Federation can't be used for lilNouns in its current state because it hasn't been implemented on their end yet. The main reason for this is the need to integrate with prop house, which has a pod that currently manages voting in those rounds and is a significant value add to the community.
0 references
I gave <@332717877398470656> this feedback 2 weeks ago: --the ETH cost is very high. What are the USDC costs and how did you figure them?--For me, Federation seems like nice to have infrastructure, but I don't have much experience with crossdao governance or where it sits and how much this adds to Nouns now and the future.--I'd want to see a more clear budget, and as an ETH bull, it's a lot of ETH and I'd rather be paying out based on a USDC schedule over time and at a lower USD value than this Prop implies.
Lil Nouns has covered some of the cost to get access for subDAOs through their own treasury. They have not yet implemented Federation on their end, but they are looking forward to doing so. The cost remains a concern, and it is suggested that Lil Nouns could potentially defray the cost with their treasury.
0 references
is the question if we can supplement some of the cost of this prop?
Yes, the question was about supplementing some of the cost of the proposal. The conversation suggests that the proposal could be partially funded by the communities that will benefit most from the work, such as subDAOs. The proposal aims to create a tool for crossDAO governance, autobidding, and voting markets, which would benefit both Nouns and subDAOs.
0 references
Very helpful color, sounds brutal, glad this will help and make it more decentralized and workable. Cost remains what it is. Can Lil Nouns defray the cost with their treasury?
Lil Nouns DAO has already covered some of the cost to get access for subDAOs through their vote on https://lilnouns.wtf/vote/69. However, the discussion suggests that the cost might be too high for Lil Nouns to fund on its own, and there is a suggestion to split the proposal to make it more affordable for the communities that will benefit most from the work.
0 references
