gramajo/nouns-proposals huggingface dataset:
# Dynamic Quorum Updates

**Author: [Nounlius](https://twitter.com/nounlius)**
**TL;DR - reduce max quorum from 20% to 15%**

**Dynamic Quorum Parameter Updates**
As articulated in this [detailed post](https://mirror.xyz/0x10072dfc23771101dC042fD0014f263316a6E400/96zSoFfiT_RM2o2P9UbVKxPzVpB_trZqUjzllBE00BE), three parameters need to be set for dynamic quorum.

**CURRENT SETTINGS**
Minimum quorum %: currently set to 10%
Maximum quorum %: currently set to 20%
Coefficient: currently set to 1, such that each against vote raises the quorum requirement by one vote, until the maximum quorum is reached.

**PROPOSED SETTINGS**
Minimum quorum %: 10% (no change)
Maximum quorum %: set to 15%
Coefficient: 1 (no change)

**RATIONALE**

[Prop 261](https://nouns.wtf/vote/261) recently adjusted Dynamic Quorum to ensure only "Hell Yes" proposals are executed. The stated rationale was the following

> 1. Dynamic quorum was designed so that contentious proposals would require a higher degree of support.
> 2. Maximum quorum is currently too low to have changed the outcome of any recent proposals.
> 3. Increasing maximum quorum should increase the percentage of successful proposals that are "hell yes" initiatives.

What appears to be conveniently left out is the "Why" behind [Dynamic Quorum](https://mirror.xyz/0x10072dfc23771101dC042fD0014f263316a6E400/96zSoFfiT_RM2o2P9UbVKxPzVpB_trZqUjzllBE00BE): which was to protect the DAO from voter apathy as an attack vector in an effort to move the DAO one step closer to removing the veto.

The recent change is a misuse of this DAO parameter to serve a particular point of view. As Wilson Cusack [pointed out](https://twitter.com/WilsonCusack/status/1644338325908606976/photo/1), functionally speaking Dynamic Quorum serves to privilege against votes. 

Generally speaking, contentious proposals lead to higher voter turnout. There may be a case to be made that setting Dynamic Quorum to 0 would incentivize higher voter participation and/or delegation—which would increase DAO health. The inverse may also be true, the higher the dynamic quorum the less incentive there is to participate on the margins given the increases barrier to successful proposals—which reduces DAO health.

This proposal will revert to *Maximum Quorum's* original setting of 15%, meanwhile encouraging further discussion on whether or not to remove the Dynamic Quorum altogether.

**PROPOSAL TRANSACTIONS**
_setDynamicQuorumParams: sets dynamic quorum params to:

Minimum quorum BPs: 10% (1000 basis points) (no change).
Maximum quorum BPs: 15% (1500 basis points).
Coefficient: 1 (1,000,000 in unsigned integer with 6 decimal places) (no change).

Outcome: EXECUTED
# 100 Nounish Things: a nounish droposal ⌐◨-◨

[![Foo](https://www.dropbox.com/s/ndgxthhlikcg7t2/100_Nounish_Things_Thumbnail.jpg?dl=1)](https://twitter.com/nounish/status/1655934194168786946)

[click here to watch](https://twitter.com/nounish/status/1655934194168786946)

Let's celebrate some of the amazing achievements of Nouns in the past year and a half by deploying an open edition mint of this music video that highlights some of the greatest people, places, and things that Nouns has funded!   

From Agora to Sofubi dolls, from 3D printed fashion to Esports teams, the breadth of amazing things built on Nouns is incredible!


![](https://www.dropbox.com/s/wdt1wwk291i5vdl/upload_474c7f0abd1d1c96ef027e5f39852bb9.jpg?dl=1)

______________

*100 Nounish Things* is the latest video produced by **nounish ⌐◨-◨** as part of [proposal 143](https://nouns.wtf/vote/143) and will hopefully be the first of many available as NFTs.

The revenue from the mint will be split 50% to Nouns DAO and 50% to **nounish ⌐◨-◨** which will go to fund the **nounish ⌐◨-◨** [Prop House](https://prop.house/nounish) and share some revenue with Nate Mills (Sounds of Nouns), who wrote and performed the song.

Should the proposal pass, the edition will be minted with [Zora](https://zora.co/) and will be available at: [nounish.com/mint](nounish.com/mint/) after execution.

--------

**Release Details:**

**Title:**
100 Nounish Things

**Description:**
A music video featuring 100 things that Nouns DAO has funded and inspired.


**Symbol:**
NOUNISH00001

**Edition Type:**
Timed Open Edition

**Start date (approx):**
May 21st (12 days after proposal submitted)

**End date:** 
June 3rd (7 days after execution)

**Price:**
0.03 ETH

**Split address:**
0xeaE0Aede44D2Fb6da60953E4D49eB5FC61fC141d

**nounish multisig:**
0x49a5aEec7d9AC70990404278e93031E4C3C71875

**Nouns DAO Treasury Address:**
0x0BC3807Ec262cB779b38D65b38158acC3bfedE10

⌐◨-◨

Outcome: EXECUTED
# Refill voteRefund balance

The voteRefund function is important for the health and integrity of the DAO as it helps maintain a diverse voter base and combat voter apathy.

The contract was initially funded ~7 months ago with 12 eth. At time of writing ~0.8eth remains, which implies an ongoing cost to the DAO of 1.6 eth per month.

As the DAO continues to grow, with more voters and more proposals, it is likely that the rate at which the voteRefund balance is depleted will also increase.

I propose we top up the contract with another 15 eth.


---

**Recap of how this feature works:**
- Vote with Gas Refund allow Nouners and delegates to vote and receive a gas refund.
- Refunds are subject to certain constraints:
    - Gas base fee is capped at 200 gwei.
    - Gas priority fee is capped at 2 gwei.
    - Total gas is capped at 200K, supporting voting reason text up to roughly 9,190 characters.
    - If the contract’s balance is insufficient, voter will receive a partial refund.
- This feature requires the DAO to maintain the DAO contract’s ETH balance, which should be done via periodic ETH transfer proposals from the treasury to the DAO contract (this proposal performs the first funding).
- The DAO can choose to withdraw refund ETH back into the treasury at any time via a proposal.

Initially implemented and funded here:
https://nouns.wtf/vote/152

Outcome: EXECUTED
# Increase Proposal Supply

This proposal aims to increase the supply of proposals by **reducing the proposal threshold to 9bps**. Success of this proposal means only 1 Noun is required to submit a proposal to the DAO until Noun 1111. This is approximately ~367 days^.

By increasing the proposal supply, we should expect an overall rise in the number of high-quality proposals that receive funding. While this may also lead to a higher number of rejected or low-quality proposals, recent voter turnout and controls like Dynamic Quorum sufficiently mitigate these concerns. Ultimately, more funded proposals would result in a greater influx of contributors, projects, attention, and as a result further overall expansion of Nouns as an organization and meme.

It may also be the case that the net value of an individual Noun should see an increase, given the improved governance right of having the ability to propose to the DAO without the additional coordination cost or acquisition cost of another Noun.

—  [Nounlius](https://twitter.com/nounlius)

*^ At the time of this proposal it is currently Noun 707. The proposal threshold would be >1 at Noun 1111. There are 404 Nouns until then. At a minting rate of 1.1 a day (accounting the for the Nounder reward), this results in approximately 367 days.*

Outcome: CANCELLED
# Set Proposal Threshold to 30bps

## Description
This proposal increases the proposal threshold from 25 -> 30bps. Success of this proposal means 3 Nouns are required to submit a proposal to the DAO until Noun 1000. This is approximately ~263 days^.

By increasing the proposal threshold, we should expect an overall reduction in the number of proposals submitted. While this may lead to a lower number of submitted proposals, widespread use of delegation will allow the highest quality proposals to be submitted, and sufficiently mitigate these concerns. An additional benefit is a lower risk of voter fatigue.

^ At the time of this proposal it is currently Noun 707. The proposal threshold would be >3 at Noun 1000. There are 293 Nouns until then. At a minting rate of 1.1 a day (accounting the for the Nounder reward), this results in approximately 263 days.

Outcome: CANCELLED
# Fund a code4rena audit for DAO V3

## TLDR

Send 200K USDC to the [Tech Grants Safe](https://etherscan.io/address/0x79095391743e0f017A16c388De6a6a3f175a5cD5) to fund the second audit of the upcoming DAO V3 upgrade proposal.

## Context on V3

A quick summary of what's coming:
1. **Nouns Fork**: a new minority protection mechanism allowing Nouners to exit into a fork of Nouns DAO.
2. **Proposal editing**: allowing proposers to update their proposal's transactions and text description, during the new Updatable period, which starts as soon as the proposal goes onchain, and ends when voting delay starts.
3. **Propose by signature**: allowing Nouners and delegates to pool their voting power towards submitting a proposal, by submitting their signature, instead of the current approach where sponsors must delegate their votes to help a proposer achieve threshold.
4. **Objection-only Period**: a conditional voting period that gets activated upon a last-minute proposal swing from defeated to successful, affording against voters more reaction time.
5. **Votes Snapshot After Voting Delay**: moving votes snapshot up, to provide Nouners with reaction time per proposal, to get their votes ready (e.g. some might want to move their delegations around).

For a longer description of Nouns Fork, please refer to [this post](https://mirror.xyz/0x10072dfc23771101dC042fD0014f263316a6E400/iN0FKOn_oYVBzlJkwPwK2mhzaeL8K2-W80u82F7fHj8). A longer post about the other V3 features will be posted between now and the upgrade proposal.

## Context on how it's audited

Given the complexity of the DAO V3 upgrade, a second audit is necessary to uncover potential vulnerabilities potentially missed in the first round.

* On June 1st we started the first audit with [Spearbit](https://spearbit.com/), using funds Tech Grants already had. This audit is underway and should end around June 20th.
* We're allocating roughly two weeks between the first and second audit for fixes that may arise, and a chance for the Spearbit auditors to review those fixes.
* On the week of July 3rd we hope to start the code4rena audit, which should take 10 days, with an option to pay for a 'mitigations review', which we're likely to want if there are any non-negligible issues that come up in this audit.

## Budget

code4rena's quote consists of:
1. $148K for the audit, out of which $100K are the pool prize going to auditors.
2. $50K for the optional mitigations review.

Comes out to $198K; we're rounding up our request to $200K to have another slight buffer.

Any unused funds will be sent back to the DAO.

Outcome: EXECUTED
# Mogu - a nounish explorer

***TL;DR - Fund 3 months of full-time development of a Nounish explorer for 15 ETH.***

## [MOGU](http://mmmogu.com) SO FAR
Nouns participants require custom tools for their use cases; we’ve seen this with Agora, voter.wtf, and other front-ends. The user questions that Mogu tackles are: “*Who is 0x34ab..ef2? What do they do in the world of Nouns?*”, or broadly “*What’s happening in Nouns right now?*”. As time goes on, there will be more and more participants and complexity to Nouns, for the only option currently to answer these questions is some messy mix of Etherscan, Agora, Google, and various governance clients. **Mogu combines all these into one interface for power users.**

Mogu currently parses every Nouns vote, delegation, bid, transfer, settlement, and proposal in a human readable and accessible way. As soon as any of these events happen, Mogu creates custom [transaction pages](https://www.mmmogu.com/tx/0xa26822afab95bb53d185b0daab703b64fae597cf818ef63428cdeb8068d1b2ac) and [address pages](https://mmmogu.com/address/nounders.eth). I’ve also built other features like a delegation table and a vote-planning board.

![](https://hackmd.io/_uploads/r1lv66Esu3.png)


Usage is somewhat comparable to voter.wtf so far - 700 visitors and 2,000 page views in the last month. More importantly, it’s steadily growing. Below is an average of views over the last 7 days.

![](https://hackmd.io/_uploads/B1mMCViu2.png)


People are liking it but there’s still room to add features and improve -

![](https://hackmd.io/_uploads/ryYRTEo_2.png)


## NEXT 3 MONTHS
I’m asking for 15 ETH to go full-time on Mogu for 3 months. The goal by the end is for Mogu to be power users’ go-to tool, and for it to be the default linked block explorer across the Nouns ecosystem.

I’m going to build at least the following features:
* Aggregated information: delegation history, address’ voting stats, etc..
* A variety of views: proposal pages, nouns pages, feeds, and filters
* Parsing non-Nouns transactions so that Mogu has the whole chain’s context available, not just Nouns things.
* A comprehensive search (for transaction content, props, nouns, etc..)
* Other experimental features: potentially bookmarking transactions, transaction notes, user statuses

## ABOUT ME
I’m [mrtn](http://twitter.com/anquetil). I’ve been in Nouns for over a year, and have worked on teams such as Builder, Agora, and most recently started and ran Explorer Grants and Hack Week! Before that I worked at Google and NBA Top Shot.

Outcome: EXECUTED
# Dustin Yellin: PERSON, PLACE, or THING

In April 2022 the Nouns DAO voted on and executed Proposal 48 - Nouns Psychogeography Sculpture with Dustin Yellin, wherein the Brooklyn-based artist was commissioned to update the Leviathan image by creating PERSON, PLACE, or THING, a new sculptural portrait layering each Nouns avatar into one fantastic body. For the commission, Yellin hand painted the 402 Nouns minted in Year One, integrating them into a unique glass artwork to forge a record of the history of the Nouns DAO, while branding its newest emblem.

Much like a yearbook, a ship’s manifest, or the signatures under a document, this snapshot provides a freeze frame of the DAO’s founders and builders. This in-all-is-one super-avatar represents the shared vision and trust between all stakeholders, while providing a rallying banner - an art object - that crystalizes how individuals are more powerful when they come together, and how a community can achieve the seemingly impossible by focusing its collective resources and talents around a common task.

Upon acceptance of Proposal 48, the Nouns DAO compensated the artist with an initial deposit of 50ETH and made a donation of 100,000 USDC to the non-profit cultural center, Pioneer Works.

A second payment of 50ETH and 1 Noun NFT (Noun 252 from the Nouns treasury) was agreed to be paid upon completion of the PERSON, PLACE, or THING sculpture and its accompanying NFT.

Link to images of the finished sculpture: https://www.dustinyellin.com/d/6afb72
Link to the NFT: Psychoprogeny - https://opensea.io/assets/ethereum/0x3dde7d56735d5ab659544070679e9350d23d5b0b/2

Upon acceptance of this proposal, the NFT for PERSON, PLACE, or THING will be transferred from DustinYellinDeployer to a Nouns DAO wallet. 

Dustin Yellin Studio will then submit a new proposal to Nouns DAO requesting 12ETH to cover the expense of crating, transporting, and installing the 3,000 lb sculpture in the foyer of the main dining room of the Manhattan social club, Zero Bond, and back to the artist's studio at the conclusion of the loan period. The expected loan period will be 1-3 years, during which time Dustin Yellin Studio will work on additional loan placements for the work at museums and relevant cultural institutions worldwide.

The artist will provide an informative label to accompany the sculpture at Zero Bond, including details about the work and its ownership by Nouns DAO.

50 ETH Deposit and transfer of Noun 252 to Dustin Yellin Studio:
0x0B789Ef2A2cda2fb5B5c7cdB278C2Cb8BdC96e4C

Outcome: CANCELLED
# NAC to Pay Dustin Yellin & Return Remaining ETH to Treasury


## Description

In April 2022 the Nouns DAO voted on and executed Proposal 48 - Nouns Psychogeography Sculpture with Dustin Yellin, wherein the Brooklyn-based artist was commissioned to update the Leviathan image by creating PERSON, PLACE, or THING, a new sculptural portrait layering each Nouns avatar into one fantastic body. For the commission, Yellin hand painted the 402 Nouns minted in Year One, integrating them into a unique glass artwork to forge a record of the history of the Nouns DAO, while branding its newest emblem.

Upon acceptance of Proposal 48, the Nouns DAO compensated the artist with an initial deposit of 50ETH and made a donation of 100,000 USDC to the non-profit cultural center, Pioneer Works.

A second payment of 50ETH and 1 Noun NFT (Noun 252 from the Nouns treasury) was agreed to be paid upon completion of the PERSON, PLACE, or THING sculpture and its accompanying NFT.

Link to images of the finished sculpture: [https://www.dustinyellin.com/d/6afb72](https://www.dustinyellin.com/d/6afb72)
Link to the NFT: Psychoprogeny: [https://opensea.io/assets/ethereum/0x3dde7d56735d5ab659544070679e9350d23d5b0b/2](https://opensea.io/assets/ethereum/0x3dde7d56735d5ab659544070679e9350d23d5b0b/2)

## This proposal formally requests the Nouns Acquisition Committee to:
1) transfer Noun 252 to Dustin Yellin Studio:
0x0B789Ef2A2cda2fb5B5c7cdB278C2Cb8BdC96e4C 
(address shared by Max Power in [proposal 327](https://nouns.wtf/vote/327)). 

2) In the event of Proposal 327 failing to pass, send 50 ETH to Dustin Yellin Studio:
0x0B789Ef2A2cda2fb5B5c7cdB278C2Cb8BdC96e4C 
(address shared by Max Power in [proposal 327](https://nouns.wtf/vote/327)).

3) send any remaining ETH (140.85 or 90.85) in the Nouns Acquisition Committee back to the Nouns treasury.

The NAC multisig can be found here: [https://etherscan.io/address/0x9298b97de93784635900163e582a5d9e570f35a5](https://etherscan.io/address/0x9298b97de93784635900163e582a5d9e570f35a5)

Outcome: EXECUTED
# Bid on Alien Punk

It's an interesting idea and I don't think the original proposer should have cancelled. I also think it's contradictory for the DeFi oriented DAO participants to advocate radical experimentation in the realm of financial engineering, governance pools, and so forth and then lambast culture-oriented participants as being irresponsible for making equally bold moves in the realm of cultural expertise. There are CT friends that I respect both FOR and AGAINST this prop and I think we should put it to a vote and let the DAO decide. I thought the previous bid was too high, so I'm resubmitting at 4769. Good luck to all parties!

![](https://i.imgur.com/Osw8GaD.png)

Outcome: CANCELLED
# Bid on Ether Rock #0, S1E2

Following suit with other illiquid treasury diversification proposals we've also lowered our request by the same amount of 16%! These are both really quite intelligent treasury investments 🌌 🧠

Requesting 8,400 ETH instead of the former 10k ETH

![rock](https://i.ibb.co/BNYMqdB/image.png)

*Please ignore the funds being sent to my wallet. It's equals the same thing as me listing an NFT and then bidding that amount on my own punk... err rock 😆

Outcome: CANCELLED
# Buy Alien Punk (#5905) v3

## "Bulls and Bears make money, Arbs get slaughtered." ##

It's an excellent idea and I don't think 4156, or the original proposer should have cancelled. I also think it's contradictory for the DeFi oriented DAO participants to advocate radical experimentation in the realm of financial engineering, governance pools, and so forth and then lambast culture-oriented participants as being irresponsible for making equally bold moves in the realm of cultural expertise. There are CT friends that I respect both FOR and AGAINST this prop and I think we should put it to a vote and let the DAO decide. I also thought the previous proposals to make a bid was a "one foot in, one foot out" position, so I'm resubmitting the proposal as a 'buyPunk' transaction. Good luck to all parties!

![punk 5905](https://cdn.discordapp.com/attachments/991432927260987423/1129084241486020760/big-punk.png)
![cryptopunks](https://cdn.discordapp.com/attachments/954618047707095081/1130636429412798574/5905.png)

Outcome: CANCELLED
# Bid on Ether Rock #0, S1E3

We have a phenomenal opportunity to invest our hard-earned DAO capital into something even more revolutionary than a punk: Ether Rock.

Look at those misguided souls chasing after that Alien Punk. It's almost sad when we are hold the potential of being the proud stewards of the almost equally illiquid Ether Rock.  By voting yes to the Punk and Ether Rock we can ensure that Nouns' treasury is not only invested with superior illiquidity, but also irreversibly lock away our DAO's value forever. It's a foolproof investment strategy.

Let's show the world how truly experimental we are. Embrace the Punk, embrace the Ether Rock! It's not just an investment; it's a lifestyle, a statement, a monument to our collective wisdom.

![something](https://i.ibb.co/BNYMqdB/image.png)

*Please ignore the funds being sent to my wallet. It's equals the same thing as me listing an NFT and then bidding that amount on my own punk... err rock 😆

Outcome: DEFEATED
# Extend maty's Nouns Proposals Tracking Work

**TLDR**: Fund maty to continue tracking all funded [Nouns Proposals](http://www.proposal.wtf) and writing [weekly newsletter](https://nouns.substack.com/) for 4.5k USD/month.


## Tracking proposals - [proposal.wtf](http://www.proposal.wtf)
It's hard for individuals in the Nouns Community to follow progress of projects after they get approved and funded. The information is scattered. Accountability is important.
 
What I have done since being funded in [Proposal 174](https://nouns.wtf/vote/174)
- I have followed up with builders of all funded projects and shared all the awesome work they've done.
- I am trying to get the most out of these projects in other ways too - trying to salvage "failed" projects, getting assets and items that might otherwise go to waste.
- Thanks to those follow-ups, I have contributed to a lot of ETH being returned to the DAO, both in terms of leftover funds and forgotten volatility buffers (~150 ETH in total). 
- All of the data is stored in interconnected Notion dashboards, which allow searching and filtering based on many properties (category, value, true cost, ..).


## Newsletter - [nouns.substack.com](https://nouns.substack.com/)
Nouns DAO is very active, with hundreds of funded projects & still more seeking funding. That means there is a lot of information, scattered throughout different channels (multiple Discord servers, Discourse, Twitter, ..).

- I'm publishing a weekly [newsletter](https://nouns.substack.com/) highlighting the biggest things happening around Nouns, showcasing new and existing projects, proposals, art, and more. 
- Serves both as an information distribution mechanism and as a historic snapshot of the DAO ([Example](https://nouns.substack.com/p/raising-from-the-ashes)).
- Special posts for Prop House Rounds, Accountablity specials, etc.
- I've been publishing it since February 2022 without missing a single week = 100+ published posts with over 41,000 reads in total. Latest posts get around 500-600 reads with high open rate (40-50%), all organic. Subscriber count in steady uptrend from the start, currently around 660.

![](https://hackmd.io/_uploads/SJ9sCM-c3.png)
![](https://hackmd.io/_uploads/rJwaAzZ52.png)

**About me:**  Active in nouns everyday since Nov 2021, founding [Nouncil](https://nouncil.wtf/) and [Esports Pod](https://nouns.gg/) member, ... most of my work has been centered around tracking proposal progress and publishing weekly newsletter.

## Funding
Previously funded via NSFW & then [Proposal 174](https://nouns.wtf/vote/174) for an average of 5.5 ETH/month. Funding from Prop 174 ended in April.

I am asking for 4500 USDC a month until the end of 2023, a total of 36.000 USDC.
- 13.500 USDC retro for May, June and July
- 22.500 USDC streamed from August until the end of December

Outcome: EXECUTED