![]() ![]() The Starknet Relayer, which is responsible for submitting signed proposals and votes to Starknet on behalf of users.The Prop House SDK, which simplifies interaction with the protocol (L1 & L2).The protocol itself, which has been deployed to Goerli. ![]() We use Ethereum as the operations and execution layer, where houses are managed and payouts are made, while Starknet handles all user actions that occur within a funding round.Īll of the code is publicly available today in the Prop House repository.īelow are some of the core pieces of infrastructure we’ve developed to support the protocol, where we are currently, and what to expect as we near mainnet launch: This dual-chain architecture enables Prop House users to propose and vote by signing a message, while decentralizing the entire funding flow. The protocol leverages both Ethereum and Starknet in an effort to provide the best possible user experience. We’ve also made strides in the development of the Prop House protocol. Released a GraphQL interface for Prop House data which lead to projects like NounsAtlas, Voters.wtf and Nounish.cv.Contracted one the best designers in the space (0xHab from Rainbow).A brief summary of what we’ve done follows: The Prop House team has been busy working on the core product ( prop.house). In tandem with Prop House growth comes furthering the reach of the Nouns meme along with what Nouns stands for: building. By doing so, Prop House has spread the Nouns meme far beyond our immediate community. Over the past 5 months we’ve onboarded several communities, most notably Meebits via Ape Coin DAO funding. Below is an analysis on all prop winners from all funding rounds within the Nouns house (18 funding rounds and 105 awarded proposals): Close to 85% of all prop winners go on to complete their proposed work. The funnel from prop award to prop completion has maintained a high conversion rate. Since then, we’ve made substantial progress on all core Prop House KPIs:Īll our charts are seeing sustained month-over-month growth despite market downturns: Our last proposal ( #105) passed on July 18, 2022. Below is a list of some of the builders who’ve been activated by Prop House: Given Nouns is about bottom-up brand building as opposed to top-down centralized direction, we hope that Prop House can continue to serve as a tool to execute on that Nouns vision. Whether it be for folks who had never heard of Nouns before or those who were just hanging around, Prop House was the mechanism that took them from inactive to building within the ecosystem. More than funding, the core feature of Prop House is about activating builders. The most important outcome of Prop House for Nouns has been its ability to onboard a large percentage of the most impactful builders in the ecosystem. You can view the slides and recording of the talk here.* Onboarding builders On Dec 1st, 2022, Seneca hosted an open call to update the community on what we’ve been up to since the proposal #105. We are requesting 570 ETH to continue to fund development of Prop House over the next 6 months (Jan ‘23 - Jun ‘23).* ![]() We’ve reached the one year mark since the inception of the idea for Prop House! Over that time period, Prop House has become a core piece of infrastructure for the development of the Nouns ecosystem – onboarding a sizable percentage of the most impactful builders while spreading the Nouns meme far and wide. ![]() (□ click on video for a Nouns Prop House teaser) ![]()
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