Delegation Markets

The Nouns DAO model is introducing a new era of experimentation in governance. Its principle is straightforward: organize around a core meme, represented by an NFT, where one is sold each day in an auction, funds generated are deposited into a treasury controlled by the holders of these NFTs. One NFT equates to one vote, and owning two grants the ability to propose any spending from the current $40M in the treasury. Proposals are voted on based on their perceived impact on furthering the meme. Nouns offers a distinct perspective on onchain governance, despite the fact that Compound Bravo has been in use for a while. By centering around a meme, the possibilities are vast in comparison to a t...View all