TLDR Tech / Crypto
Nouns DAO Governance Kills Daily Auctions
A whale coalition in Nouns DAO passed Prop 955 with only 10 voters by deliberately abstaining for months to starve community proposals of quorum, then setting the auction reserve price to 2.8 ETH to halt daily mints that had funded five years of CC0-driven work including Ethereum core dev grants, a 100 ETH donation to ZachXBT, schools in Uganda, and the discovery of a new frog species. The auction freeze entrenches that coalition by blocking new participants from acquiring Nouns through the mechanism that defined the project since 2021. A group of veteran Nouners is building a V2 with quadratic voting and anti-whale safeguards aimed at restoring auction-driven governance participation.
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