Nouns are an experimental attempt to improve the formation of on-chain avatar communities. Nouns DAO utilizes a fork of Compound Governance and is the main governing body of the Nouns ecosystem. Nouns DAO lets Nouns NFT holders participate in governance. Each Nouns NFT equals one vote. Holders can vote directly or delegate their votes. Proposals require ownership of at least two Nouns NFTs. New Nouns are minted daily, diluting individual voting power and encouraging active participation. The tokenomics of Nouns DAO are centered around a auction mechanism and a decentralized governance model. Every day, one Noun NFT is minted and auctioned off, with all proceeds going directly into the Nouns DAO treasury. The initial funding mechanism leverages the sale of these Noun NFTs to build a substantial treasury, which has grown significantly over time.
Layerswap provides a fast and cost-effective solution for transferring crypto assets across multiple networks and exchanges, reducing fees and transaction times while simplifying the bridging process. It operates without a formal governance structure or a native token. Layerswap has raised a total of $4 million across three funding rounds, with the latest being a $2.5 million seed investment on November 10, 2022.
Hedgey Finance is a unique onchain token distribution platform offering services to distribute tokens to teams, contributors, investors, and communities. Its custom dashboards simplify tracking, managing, and claiming tokens, catering to a range of needs like investor lockups and community token claims. Hedgey is notable in the DAO community, assisting major entities like Gitcoin, Gnosis, and Shapeshift in managing token tables efficiently.
Aerodrome Finance is an AMM on the BASE network, integrating Velodrome V2 features with its unique liquidity incentive engine, vote-lock governance, and user-friendly design. It offers low slippage, high liquidity, $AERO token emissions, and rewards for liquidity providers, promoting active governance and community benefits. The platform's tokenomics include $AERO for utility and $veAERO for governance, encouraging long-term engagement and decision-making power for token holders. Governance is driven by $veAERO token holders, focusing on community-led decisions. Recently, Aerodrome received over 100,000 OP tokens from RetroPGF, underscoring its self-bootstrapped success and growing industry support.
