Fund Retroactive Rounds via Rounds.wtf

tldr: Allocate 50 ETH towards retroactive rounds via new Farcaster-native UX: 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:

• Prop House rounds being inherently social, being embedded into a social medium 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:
  • 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.
• Round 2: (ongoing)
  • Test: Will "likes as votes" function equal to or better than voting.
  • Results: So far, its received 61 submissions and 300+ likes. 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.

Ask: 50 ETH, 100% will be used towards funding Nouns contributors. The funds are being sent to a 1/2 safe managed by soli & seneca.