Nouns DAO Announces Major Structural Changes
Nouns DAO Announces Major Structural Changes
馃 Nouns DAO Gets Wyoming-fied
Nouns DAO is implementing significant governance changes by transitioning to a Wyoming DUNA (Decentralized Unincorporated Nonprofit Association) structure.
Key updates:
- Fork mechanism being replaced as minority protection system
- New streaming model for winning bids
- Owners can exit by canceling streams and withdrawing unvested funds
The new design will undergo audit starting next week, marking a crucial step in the DAO's evolution.
Nouns DAO is transitioning to a Wyoming DUNA and replacing the Fork as its minority protection mechanism. The new design streams each Noun鈥檚 winning bid to the DAO, allowing owners to exit by canceling their stream and withdrawing unvested funds. Audit of the new design begins
馃毃 New contest: Nouns DAO - Auction Streams @nounsdao 馃毃 Sign up here: audits.sherlock.xyz/contests/688 Total Rewards: 30,000 USDC Previous Scope nSLOC: 947 Update Scope nSLOC: 947 Lead Senior Watson: @0xhyh Starts Monday, November 25th at 15:00 UTC Check it out!!
Nouns DAO is transitioning to a Wyoming DUNA and replacing the Fork as its minority protection mechanism. The new design streams each Noun鈥檚 winning bid to the DAO, allowing owners to exit by canceling their stream and withdrawing unvested funds. Audit of the new design begins
馃毃 New contest: Nouns DAO - Auction Streams @nounsdao 馃毃 Sign up here: audits.sherlock.xyz/contests/688 Total Rewards: 30,000 USDC Previous Scope nSLOC: 947 Update Scope nSLOC: 947 Lead Senior Watson: @0xhyh Starts Monday, November 25th at 15:00 UTC Check it out!!
Nouns DAO Funds School Rebuild in Uganda
In a notable example of web3's real-world impact, @davinoyesigye successfully leveraged the Nouns DAO ecosystem to fund the reconstruction of his elementary school in Uganda. This project demonstrates how decentralized autonomous organizations (DAOs) can facilitate direct community-driven philanthropy and infrastructure development in underserved regions. Key Points: - Local initiative led by community member - Direct funding through Nouns DAO - Educational infrastructure improvement - Successful cross-border implementation This case study shows the practical application of web3 governance for social good.
Nouns DAO Open Sources DUNA Bylaws
Nouns DAO has released their DUNA bylaws as open-source under Creative Commons licensing. This significant development was made possible through collaboration with Latham & Watkins law firm. Key points: - Bylaws now publicly available on GitHub - Released as a public good for the DAO ecosystem - Professional legal framework from Latham & Watkins - Aims to advance DAO governance standards This release represents a step toward greater transparency and standardization in DAO governance structures.
Design Your Own Ledger with Nouns Collab!
Nouns is giving you the opportunity to design your very own Ledger. Submit your designs to be considered for the collab. The best designs will receive 1 ETH and Ledger units.