Lil Nouns Weekly Newsletter #11
Lil Noun #5,000 🎉, Voter Engagement Report, and Punk6529 Gets a Lil
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Welcome to the Lil Nouns Weekly Newsletter #11! ⌐◨-◨
We have a lot to celebrate, as we saw Lil Noun #5,000 get minted yesterday! Woohoo! It truly is a huge milestone to celebrate.
What started off as a lil experiment, has turned into a big movement — with the goal of proliferating the Noun meme, while creating public goods. Lil Nouns has proven to be the most approachable on-ramp to anyone looking to explore the Nouniverse. If you are curious, join us on Discord and see what it means to be (a Lil) Nounish.
To celebrate #5,000, we are giving away 3 “Nouniversary #0” NFTs! All you have to do is put your ENS name in the comments of this post on Substack, and we’ll randomly select 3 winners and announce them on Twitter this week.
•••
Here’s what we cover in this week’s post:
→ Report: Analyzing Voter Engagement in DAOs
→ Punk6529 Enters the Lil Nouniverse
→ Twitter Thread Contest
→ Proposals
→ Prop House - Round 6
→ Community-Made
→ Events
Alright, let’s dive in.
→ Report: Analyzing Voter Engagement in DAOs
Understanding voter fatigue and DAO voting patterns
Written by atareh.eth for Lil Nouns DAO Datapod | Published on August 11, 2022.
A summary is below. But the entire report is well worth reading through in its entirety — you can find it here: daoresearch.wtf.
Introduction:
As Lil Nouns grows in size, a concern within the DAO is to increasingly expect voter turnout to fall off. This is natural and expected as Lil Nouns DAO grows in size. However, with this comes certain concerns. If only a small proportion of Lil Noun owners actively participate in discussions and voting, this will have adverse consequences, such as increasingly centralized voting relying on a few whales and; conversely, difficulty reaching quorum for proposals.
Part I - Voter turnout literature review
Larger population size and unblinded results in decreased voter turnout
Higher population stability increases voter turnout
Past voting patterns predict future voter turnout
Concurrent elections increase voter turnout
Important elections result in larger voter turnout
Part II - A deep dive into specific DAOs
Part III - Conclusions
Part IV - Suggestions: experiments to consider to increase voter turnout
Blinded results
Ritualized voting
Rewards voter consistency
One ballet card voting
Notification system
Enhanced onboarding
Enhanced delegation workflow
Social badges
It closes out with: Future Scope, Sources, and Appendix.
Go read through the report this week (there are tons of helpful graphics): daoresearch.wtf.
Thanks to Atareh for the awesome work on this report, and for the Data Pod for sponsoring this initiative. Excited to see more of these!
→ Punk6529 has entered the Lil Nouniverse
This week, Punk6529 purchased Noun 412—a bank—as a commentary on the money printing of the last couple of years. Shortly after, an acquisition was made for his lil bank brother:
→ Twitter thread contest
Reminder to submit your Lil Nouns twitter threads for the contest put on by Layer3. There will be 10 winners selected in 4 days (August 25th).
→ Proposals
Prop 35 by Coral Orca and 0xFloyd
This is a first, and we love to see it.
The feedback loop was not terribly efficient for Prop 34, so it went on-chain with support, but then it was defeated (390 to 114). So a second attempt has been put on-chain, but this time, for a smaller MVP ask (dropped from 42 ETH down to 10 ETH)!
Community feedback suggested the size and scope of prop 34 was too large as a percentage of the Lil Nouns Treasury, so we are now putting forward a minimal version, with the possibility of a full version in the future.
Read the entire proposal here — and voting opens in 2 days (August 23rd).
Here is a little taste of what could be built for Lils:
→ Prop House - Round 6
Round 6 is currently open! 5 winners of 2 ETH each will be chosen. Submissions end in 4 days (on August 25th).
Submit your proposal now: Lil Nouns Prop House - Round 6.
→ Community-made
Lil Nouns Coffee
Mint and sip!
Check out: https://lilnouns.coffee/ by lil dgt.
Be sure to follow the @LilNouners Instagram account if you’re not already!
More Lils in the wild…
→ Events
Join us for any of the week’s events if they’re of interest to you:
See you next Sunday,
Lil Saturn
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