- Replicate the Nouncil with Prop Builders
- Delegate DAO Nouns
- Pay the council over a 6 month period
By going through the on-chain proposal process and having their projects funded, “Prop Builders” have proven themselves as engaged with the Nouns DAO and have been paid for their services. However, after their product is built there is no additional incentive to stay active in the community. Many Prop Builders are no longer active in Discord (even in channels for their own projects) and so we have yet to see any following on funding for second versions of products or previously funded teams building new projects. When Prop Builders fade away from their day to day engagement with us, we lose their experience with building for the DAO, their accumulated understanding of Nounishness, and their technical expertise.
With the success of the Nouncil and the need to incentivize participation by valued community members, the DAO should initiate a Council formation program to give Prop Builders (both artists and devs) a voice in the DAO and incentivize their continued engagement with Nounish things.
Council members would be formed by grouping Prop Builders into sets of 20, giving them a channel in Discord, and allowing them to self-organize their multi-sig and mission. The DAO would then delegate one if its Nouns to the council’s multi-sig.
In 2 month cycles, each council would create a proposal to have
1/3 * 7 day avg Noun auction price * "impact multiplier” paid to its multi-sig.
The soft goal of the payment is for the council to collectively buy a Noun over a 6 month period so they have a permanent voice within the DAO, but the treasury spending is up to their community. The council might choose to distribute the funds to each member or keep the funds to purchase a Noun.
The DAO’s payment would be contingent upon being active community members and helping build value, while the impact multiplier would be a way to quantify exceptional work by the council.
After 6 months, the Noun would be undelegated from the multi-sig and the council could choose its own path forward.
Community within Community
By joining a council, Prop Builders gain a vote and voice within the DAO, a hand in the DAO’s success, and compensation for being part of that success.
As individuals within a mini-community they get access to like-minded individuals which helps reinforce engagement with the DAO itself.
Removing friction for follow-on funding
As long as the DAO proposal threshold stays at 1 Noun, councils can make their own proposal for follow-on funding for their projects. For example, a council that includes the creators of 3D Nouns create a proposal to fund the next phase of the project, a Cryptovoxel Noun Town, without needing a Nouner sponsor. This removes any stigma in needing additional funds to produce the next version of project (builders know the first iteration is never complete) while reducing the friction of seeking out an engaged Nouner, soliciting their feedback, and actively communicating with them to get the proposal on-chain.
The design of this program allows for flexibility and experimentation within each community and its relationship to the DAO. A council might fall apart after 2 months and never collect their vested ETH. A council might inspire other DAO members to delegate their Nouns past the 6 month mark, and allow the council to propose and self fund going forward.