Prop House: Scaling Ecosystem Funding — nouni.sh

I've been very intrigued by Nouns DAO and Lil Nouns DAO. I keep looking to get a Lil Noun. This "flip" of the way to fund other projects is interesting.

Prop House introduced a new mechanism to deploy capital: an auction where the lot is ETH and the bids are proposals. At the end of each auction, members of the community vote on which proposal gets funded.

Conceptualizing it as an auction is fundamental because it introduces a prominent feature: the recipient of the lot is unknown at the time of deployment. This feature allows the funding auctions to be modular, automated and self-sufficient.

I love how this ties in across the connected projects too.