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Nouns Builder

Builder Protocol Rewards

Learn about Protocol Rewards

Builder Protocol Rewards is a rendition of the Zora Protocol Rewards model. Rewards are taken as a percent of final auction bids and distributed to bid referrals, DAO founders and Builder DAO

This document describes how Builder Protocol Rewards work for all DAOs that 1) launched on L2 using Builder Protocol after the Bali Upgrade, or 2) prior DAOs who have chosen to opt-in to Builder Protocol Rewards.

Proposal

The Builder DAO proposal to deploy Builder Protocol Rewards can be found here. The proposal officially passed on January 29, 2024 (UTC).

Configuration

daoSettings

Diagram for Builder Protocol Rewards

  1. Builder DAO Reward - 2.5% Builder DAO, the DAO responsible for developing and maintaining the protocol, receives this reward. Learn more about Builder DAO here.

  2. Referral Reward - 2.5% The referral reward goes to the client that facilitates the auction.

    Examples:

    • If the auction takes place on https://nouns.build, then the reward goes to Builder DAO which maintains and develops the client.
    • If the auction takes place on another website, then the reward goes to the wallet address that is designated by the developer of that website.
      * Websites that want to claim this reward must call the createBidWithReferral function on the upgraded contract and pass the reward recipient as the _referral parameter.

  3. Auction Reward - Optional and controlled by individual DAOs
    DAOs can choose to distribute up to 50% of the auction revenue to its founder(s). This can be applied at the time of DAO creation or post-creation. If post-creation, then the DAO can vote on a proposal to assign this reward.

Builder DAO Rewards Recipients

BuilderDAO’s portion of the rewards will go to a 3/6 multisig on each network managed by the DAO’s Operations Working Group. The addresses are:

  • Ethereum Mainnet: 0x38C170B11038eBEf16f3EC4F9b8a3A51B045533d
  • Base: 0x894F30da29216516b5aE85207dED77038C107f22
  • OP Mainnet: 0x7C69609645837a77915410B9B5605f54C79Da5D2
  • Zora Network: 0x7229F0c537e64f3EA9E9b993601578A7B09c402C