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# System prepended metadata

title: Gnars.wtf updates

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- add prop house link to footer

## WTF?

[Gnars](https://gnars.com) is a headless brand that empowers action sportspeople with a shared treasury and tools for collective creation. We prefer a world where kids aren't shilled energy drinks by their heroes. So we've formed a DAO to rethink how shredders get paid.

Based on Nouns open source code and CC0 artwork, each Gnar is an NFT stored fully onchain on Ethereum with no external dependencies (not even IPFS), and each one represents a DAO vote. We received [69 ETH from Nouns DAO](https://nouns.wtf/vote/51) to get started.

Create some Gnars offchain using the [Playground](https://gnars.wtf/playground) or win an auction to join!

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Auction proceeds (ETH) are automatically sent to the Gnars DAO treasury and to our founder gami.eth, depending on what balance you set with the bid slider. You can even choose not to reward the founder if you wish. Funds received to the treasury are governed by Gnar owners.

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Once an auction starts, everyone has 10 minutes to bid (auction duration doubles every 1000 auctions from #627 onwards). Anyone can bid an amount at/above 0.01 ETH. If your bid is outbid by someone else, the full amount of your bid (minus gas spent to bid) is returned to you in the same transaction as the new higher bid.

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## Gnars DAO

Gnars DAO utilizes a DAO executor for fully onchain governance just like Nouns DAO. We also have a Safe multisig, which allows for gasless voting on NFT requests by shredders. Gnars DAO is the main governing body of the Gnars ecosystem and the treasury receives whatever percentage of ETH proceeds bidders choose at time of bidding.

Each Gnar is an irrevocable member of Gnars DAO and entitled to one vote in all governance matters. Gnar votes are non-transferable (if you sell your Gnar the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Gnar.

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## Gami’s Reward

Gami is the builder that initiated Gnars.

You have the choice to reward Gami with a percentage of a successful bid, a tip, by setting the slider to a suitable position. By default the slider is set to the 90/10, meaning that 10% of your bid, if successful, would be deposited to gami.eth during settlement.

From time to time we change the tip recipient in order to facilitate promotions with other CC0 projects included in our protocol. 