0xffaf6202…8d99sent to0xa5bf9a9b…33a4·#19,992,541·view on Etherscan
### Client Incentives
- DAO and auction house upgrades executed via prop 532
- Prop 545 approved the first 10 clients!
- Prop 550 will hopefully configure and fund the rewards contract
- We’re already seeing more clients energized by this change, including [W1NT3R’s nouns.sh](https://warpcast.com/w1nt3r/0x9807d6de)
### $nouns
- Implemented a minimal first version, including relevant DAO changes, request audit funding and got a No from the DAO
- [The code is available on GitHub](https://github.com/verbsteam/nouns-erc20) and the factory contract deployed to mainnet and sepolia (addresses in the readme file on GitHub)
### Nouns (NFT) Governor
- Developed a proof of concept with the scope we had in mind
- Recently discovered potential attacks that put the design’s feasibility at risk
- Working on blog posts that detail the issues we found and alternatives we’re considering
### Governance on L2
- The motivation we see behind this long-standing idea is to primarily gas cost reduction, both for proposing and voting
- Our plan is to think about this problem from first principles, to list multiple approaches and articulate their pros and cons in a blog post, then ask the community for feedback so we might choose a direction that has consensus
- Planning to spend more time on this soon after we resolve the Nouns Governor challenges mentioned above
### Meta
- Our approach to selecting projects and designs for those projects has always been aimed at serving the DAO
- The defeat of prop 536 (fungible token audit) was a flag for us that we should be talking to more people to maintain a more accurate map of “what the DAO wants/needs”
- We’re actively working on improving on this front
- Recently joined a Nouncil call where wag suggested we use a farcaster channel + [rounds.wtf](http://rounds.wtf) rewards to better incentivize protocol-level ideas and thoughtful feedback. We’re keen on trying this idea out very soon