StableLab_Historical

[SEP 29] [OBRA] Nounish Safes - rocketman

Voting ended about 1 year agoDefeated

Please refer to the full proposal text on the SafeDAO forum. Some parts may have been removed to fit within the character limit on Snapshot.

Title:

Authors:

@rocketman-21

Created:

2024-04-23

Abstract

Working with Auryn from Gnosis Guild, we have built an extension on the Revolution Protocol that enables any Safe to become a Nounish DAO. The first DAO launched through this system is Grounds DAO.

Any new or existing safe that wants to become or facilitate the creation of a Nounish DAO where the DAO treasury is a Safe now has an avenue to do so. We’d like to continue building this extension out through a website that lets any Safe convert to a DAO using the protocol.

We also plan to develop a Safe Module extension.

Aligned strategy

Strategy 2

Funding request

$30k USDC

If applicable, upfront funding

Upfront funding is preferred, our team is short on funds and have already put significant time and effort into the protocol to make this possible. Recent PR can be seen here.

Relation to budget

State the requested funding as a percentage of the total initiative budget:

10% of Strategy 2

Metrics and KPIs

Number of existing Safe’s launched as Nounish DAOs.
Total treasury size of the Safes.
Number of new Safes launched as Nounish DAOs.

Initiative description

Building on SafeDAO’s mission, we’re working to combine the secure and flexible capabilities of Safe with the collaborative governance model of DAOs, particularly inspired by the Nouns DAO concept.

We are opening up a realm of possibilities for community-driven governance and collaborative decision-making. The Revolution Protocol extension we’re working on is designed to enable any Safe, old or new, to transform into a Nounish DAO. Grounds DAO is our first step, serving as a proof of concept.

By enabling Safes to create their own DAOs, we’re not just enhancing functionality; we’re empowering communities to fairly govern. This initiative will make it straightforward for any group with a shared purpose to manage their assets collectively, make decisions, and take action together, all on top of the trusted framework of Safe.

We’re also focusing on building a user-friendly website. This platform will be the bridge for Safe users to easily transition their Safes into DAOs, lowering the barrier to entry for participation in web3 governance and collaborative efforts.

By integrating DAO functionalities into Safe, we’re expanding the utility and applicability of Safe and reinforcing the ecosystem’s capacity for innovation and community-driven development.

This initiative is a step forward in realizing SafeDAO’s vision of web3 and building on the solid foundation of Safe to offer more ways for users to collaborate, innovate, and govern themselves. We’re not just creating a tool; we’re opening up new pathways for community engagement and empowerment.

You can read more about the Revolution protocol on GitHub and Mirror.

Current status

An MVP of a protocol upgrade was completed last week that enabled the creation of Grounds DAO on top of Safe. We want to continue work on building out the protocol extension to better support Safe, and build a website and UI to easily enable any Safe to convert to a Nounish DAO.

Risks

The protocol was audited in February, but new changes with the Safe extension introduce security risks until we get another audit. We are taking a slow and measured approach to changes made to contracts.

Cost Breakdown

Audit with 0x52: $8,000 for a 3-day audit (minimum available). Development of the Safe Site, Protocol Extension, and Outreach: $22k Total: $30,000 USDC

Breakdown by Milestone:

Q3 2024: Protocol Extension Launch (In Progress) • June: Complete development and deployment of the protocol extension allowing any Safe to become a Nounish DAO. • Milestone: First Safe launch as a Nounish DAO using the extension - Grounds DAO. • Cost: $8,000 (Audit with 0x52 for 3 days)

Q3 2024: Website and UI Development • June - July: Design and develop a user-friendly website and UI. • Milestone: Launch of the website and UI. • Cost: $10,000 (Development split between Rocketman and Wojciech)

Q3 2024: Module Development • June - July: Build and launch a Safe module. • Milestone: Launch of the Safe module. • Cost: $5,000 (Development split between Rocketman and Wojciech)

Q3 2024: Community Building and Outreach • August: Initiate community outreach to educate Safe owners on the benefits of transitioning to a Nouns DAO structure. • Milestone: Publish a series of mirror articles and videos to educate the community. • Cost: $2,500 (Outreach and content creation split between Rocketman and Wojciech)

Q4 2024: Expansion and Scaling • August: Scale the initiative, support more Safes in transitioning to DAOs, and explore further integrations. • Milestone: Achieve 10 Safes converted into Nounish DAOs with a combined treasury size surpassing $1M. • Cost: $4,500 (Expansion efforts split between Rocketman and Wojciech) Total: $30,000 USDC

Initiative lead

Rocketman - https://twitter.com/rocketman_w

Team

2 people, rocketman and Wojciech.

Rocketman founded https://collective.xyz in 2021 and led product development. A developer in crypto since 2013, he has worked on numerous projects. Most recently leading the development of https://ThatsGnar.ly (a media platform for Gnars DAO) and https://vrbs.build - the first DAO built on Revolution. https://github.com/rocketman-21

Wojciech is a staff level product engineer, with more than 20 years of experience building on the web. He joined Collective in 2021 and led the development of many features end to end. Before Collective, Wojciech worked for his own studio and as a freelancer, working on various projects for many clients across Europe. https://kocjan.net/