TL;DR
Establish a third-party service responsible for tracking, analyzing and overseeing funded proposals by communicating with builders, and provide proposal insights to the Nouns community through project archive website, monthly reports and Townhalls.
Bridging the Gap
Is this builder trustworthy? What is the progress of prop ‘X’? Why hasn't the prop ‘Y’ team shared the bi-weekly updates they promised? What difficulties are the developers of prop ‘Z’ facing that require more time? How much return did prop “V” generate for the treasury?
These are just some of the questions that often arise before and after the decision-making process in Nouns community. While we have funded numerous groundbreaking proposals since the DAO’s inception (such as Budweiser Super Bowl ad, the Rose Parade, Nouns E-sports) we’ve also encountered projects trying to take advantage of the DAO and it’s funds as well as builders that raised concerns within the community by not communicating effectively during the development phase.
Even though we have many Nounish data dashboards and tools, we’ve realised that the tracking and evaluation process of funded proposals is not as efficient as it should. Additionally, solely relying on builders to submit reports voluntarily is not effective, leading to suboptimal results. What we lack is a bridge that fills the transparency gap between funded projects and the community.
We need to establish a set of proposal tracking and evaluation standards based on data, maintain regular communication with funded projects to encourage accountability throughout the community and have a place where all those info are available to everyone 24/7.
How?
We’re proposing to establish ThePASS team (the team behind a prominent DAO aggregator and analytical platform) as an accountability third-party service to keep track of each funded project progress by:
[1] analyzing the progress of funded proposals by creating a comprehensive evaluation and accountability system [2] regularly communicating with builders to ensure proposal progress [3] archiving project updates and compile them into monthly reports [4] hosting monthly Nounish Townhalls where builders, community and special guests discuss the progress of funded props
This approach offers several benefits such as:
- Insights to the building process of funded projects
- Solid data we can refer to in future decision-making
- Recognition to the best builders
- Attract new contributors and investors
We’re not aiming to be another proposal updates platform but the “bridge” between builders and the community ⌐◨-◨
Execution
[1] Evaluation system/Proposal Analysis
Having a standard evaluation system ensures fairness and objectivity in the evaluation process as well as helps with accurate measurement, boosts transparency, and assists in making more informed decisions thanks to data.
We have established a ‘Measurements Standard’ with specific criteria based on project types. This standard will serve as the foundation for our proposal analysis, ensuring consistency and transparency in our assessments.
The tracking progress will initiate upon the successful funding of this proposal
Our team specialises in data aggregation and tracking so even if funded proposals number scales up, collecting and organizing those data will not be a problem.
We will keep track of on-chain data and social media updates (X, Discord, updates.wtf etc.) as well as engage in direct conversations with projects to provide you the most accurate metrics.
[2] Communicating with Builders
To ensure everything is running smoothly, we will actively engage in group conversations with funded projects, starting from proposal execution to proposal delivery.
This will assist in:
- Getting real-time updates directly from builders
- Making sure proposal phases and goals are met
- Identifying and reporting potential risks (delays, budget overruns, technical difficulties)
[3] Monthly Proposal Updates Website/Report
ThePASS team will build a dedicated Nounish project archive website consisting of 2 seperate sections :
- Projects: Dedicated section to project updates coming directly from builders and our team’s data tracking efforts
- Monthly reports: Monthly proposal update reports section, ensuring easy access to the community
About monthly reports, we will compile [1] Evaluation system/Proposal Analysis and [2] builder updates into an easy-to-read yet comprehensive monthly report, post it on the website and share it across different platforms such as X, Discord etc. to ensure maximum visibility.
By providing monthly reports to the community we aim to:
- Bridge the “updates” gap between builders and the community
- Enhance transparency and accountability within Nouns ecosystem
- Boost builders reputation and project adoption
- Have all current and past proposal updates info voters and the community needs in one place
Check our Treasury Report for ApeCoin DAO as a reference of our work: Apecoin DAO Treasury Report
[4] Monthly Townhalls
We will host monthly Townhall meetings and invite funded projects, core members, DAO experts, and media observers to engage in open discussions about funded projects, address community feedback and talk about the overall health of the DAO.
In each Townhall we will invite at least 2 media observers as guests, 1 DAO expert, and builders featured in the last monthly report. As far as attendees, our goal is to have at least 50 in each Townhall.
Goals, Deliverables & Timelines
Goals
By handling the proposal tracking and reporting tasks in an experienced team we solve the ‘builders-community updates gap’ Nouns DAO faces drastically and directly. Community will know where and when they are going to get their proposal updates as well as where to look for past funded proposals info and builders will have to provide those updates to maintain the community's support and trust.
Hosting monthly Townhalls will boost community engagement by enabling direct interaction with builders as well as highlight exceptional teams and individuals. On top of that by inviting special guests we make sure projects gain more exposure outside Nouns ecosystem which will help in attracting new builders and investors.
Deliverables (6 months)
- Nouns Proposal Reports archive website
- 6x Monthly Proposal Reports
- 6x Townhalls
Timelines
- Month 1: Commense website building, Monthly Report #1 , Townhall #1
- Month 2: Website Building, Monthly Report #2 , Townhall #2
- Month 3: Website Release, Monthly Report #3 , Townhall #3
- Month 4: Monthly Report #4 , Townhall #6
- Month 5: Monthly Report #5 , Townhall #6
- Month 6: Monthly Report #6 , Townhall #6
Funding
We are requesting 26 ETH in total for 6 months of operations. More specifically:
- Nouns Project Archive and Reports Website: 8 ETH (one time)
- Comprehensive DAO Services: Communication, Consultation, Audit Reports, and Community Engagement: 3 ETH / Month
Meet the Team
Mialalala: Proud Nouns656 holder, co-founder of thepass.to and BeepCrypto. As an early contributor in the NFT space, she is a verified influencer with over 100,000 followers. With a deep NFT background, she is also the chief partner of WHALE Members.
ThePASS Team: ThePASS is a DAO aggregation and analysis platform currently aggregating over 100,000 DAOs, making it the largest DAO database to date. With ThePASS, you can seamlessly monitor and evaluate the performance of DAOs, enabling you to gather valuable insights and make well-informed decisions.
Proof of Nounishness ⌐◨-◨
We are not new in Nouns, in fact we love Nouns and we have already contributed in Nouns ecosystem in different ways:
- Organized Twitter Space events with Nouns e-sports, Gnars, Lil Nouns, Foodnouns
- Created the Nouns DAO dashboard and ecosystem leaderboard
- Publish a weekly Nouns Newsletter in Chinese (17 editions so far)