Nouns DAO Announces Major Structural Changes

🤓 Nouns DAO Gets Wyoming-fied

By Nouns
Nov 21, 2024, 7:16 PM
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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.​

Sources

Nouns DAO is transitioning to a Wyoming DUNA and replacing the Fork as its minority protection mechanism. The new design streams each Noun’s winning bid to the DAO, allowing owners to exit by canceling their stream and withdrawing unvested funds. Audit of the new design begins

SHERLOCK
SHERLOCK
@sherlockdefi

🚨 New contest: Nouns DAO - Auction Streams @nounsdao 🚨 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!!

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Nouns DAO is transitioning to a Wyoming DUNA and replacing the Fork as its minority protection mechanism. The new design streams each Noun’s winning bid to the DAO, allowing owners to exit by canceling their stream and withdrawing unvested funds. Audit of the new design begins

SHERLOCK
SHERLOCK
@sherlockdefi

🚨 New contest: Nouns DAO - Auction Streams @nounsdao 🚨 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!!

106
Reply
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