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Memo 0x9a30fd14…fbfcc7 on Ethereum

# Fund Retroactive Rounds via Rounds.wtf **tldr:** Allocate 50 ETH towards retroactive rounds via new Farcaster-native UX: [rounds.wtf](https://rounds.wtf). **Context:** The Prop House team is exploring a new UX via Farcaster for Nouns to allocate funds through. There are several reasons why we feel compelled to experiment in this direction: - Rounds are inherently social. Therefore, a user experience that embeds itself into a social platform makes running rounds a frictionless experience. - Leveraging the Farcaster’s social graph, we can expand Nouns participants beyond our immediate voting pool in order to scale allocation efforts. - Building atop of Farcaster makes our development cycles shorter. **Experiments:** We’ve run two rounds so far: - [Round 1](https://rounds.wtf/rounds/nouns-weekly-retro-1): - Test: Will we receive quality submissions through “reply to submit”. - Results: 71 submission of which 37 were awarded via 48 unique addresses allocating 1200+ votes. The allocation can be seen [here](https://docs.google.com/spreadsheets/d/1tgfqDf-5bws8NZp171J_kNPPQUiNwKGtteSeyd93gUk/edit?usp=sharing). - [Round 2](https://rounds.wtf/rounds/nouns-weekly-retro-2): - Test: Will "likes as votes" function equal to or better than voting. - Results: 69 submissions, 46 were awarded via 43 unique fids allocating 300+ likes. - [Round 3](https://rounds.wtf/rounds/nouns-weekly-retro-3): (ongoing) - Test: Will "tag to submit" work as well as reply to submit - Results: We had a very slow start (yesterday) so today we added reply to submit alongside tag to submit. Conclusions pending. **What's next?** We're taking everything we've learned since Prop House inception and speed running it on a new medium. Our goal is to ship a new feature to test assumptions on a weekly basis. Items we're actively thinking about: - Fine tuning the selected voter base. - Automating payouts to handle 100s of award recipients. - Activating new people into Nouns via voting (likes) and/or submissions (replies). - DIY round creation. - Adapting to channels as the community primitive. **Ask:** 50 ETH, 100% will be used towards funding Nouns contributors. The funds are being sent to a [1/2 safe](https://app.safe.global/home?safe=eth:0xeB497C01d8dc95d1813281Ae29CbC6cCED70C615) managed by soli & seneca.