DAO
On the testnet, we are also able to create an anonymous DAO. Using
the drk
CLI tool, we have a dao
subcommand that can perform the
necessary operations.
You can find a script in
contrib/localnet/darkfid-single-node/run-dao-test.sh
which
automatically does all the commands in this tutorial. Just be sure
to read the comment at the top of the file first.
Let's create a DAO with the following parameters:
- Proposer limit:
20
- Quorum:
10
- Approval ratio:
0.67
- Governance token:
MLDY
You can see what these parameters mean with the help
command.
$ ./drk help dao create
Let's create our DAO.
$ ./drk dao create 20 10 0.67 MLDY > dao.dat
$ ./drk dao view < dao.dat
The view command will show us the parameters. If everything looks fine, we can now import it into our wallet:
./drk dao import MiladyMakerDAO < dao.dat
./drk dao list
./drk dao list MiladyMakerDAO
Minting
If parameters are shown, this means the DAO was successfully imported
into our wallet. The DAO's index in our wallet is 1
, so we'll use
that to reference it. Now we can create a transaction that will mint
the DAO on-chain, and broadcast it:
./drk dao mint MiladyMakerDAO > dao_mint_tx
./drk broadcast < dao_mint_tx
Now the transaction is broadcasted to the network. Wait for it to
finalize, and if your drk
is subscribed, after finalization you
should see a leaf_position
and a transaction ID when running
dao list MiladyMakerDAO
.
Sending money to the treasury
Let's send some tokens to the DAO's treasury so we're able to make
a proposal to send those somewhere. First find the DAO bulla and the
DAO public key with dao list
and then create a transfer transaction:
$ ./drk dao list MiladyMakerDAO
$ ./drk transfer 10 WCKD {DAO_PUBLIC_KEY} \
--dao {DAO_BULLA} > dao_transfer
$ ./drk broadcast < dao_transfer
Wait for it to finalize, and if subscribed, you should see the DAO receive the funds:
$ ./drk dao balance MiladyMakerDAO
Creating a proposal
Now that the DAO has something in its treasury, we can create a
proposal to send it somewhere. Let's send 5 of the 10 tokens to our
address (we can find that with drk wallet --address
):
$ ./drk dao propose MiladyMakerDAO {YOUR_ADDRESS} 5 WCKD > proposal_tx
$ ./drk broadcast < proposal_tx
Once finalized and scanned, the proposal should be viewable in the
wallet. We can see this with the proposal
subcommands:
$ ./drk dao proposals MiladyMakerDAO
$ ./drk dao proposal MiladyMakerDAO 1
Voting on a proposal
Now the DAO members are ready to cast their votes.
First lets check the dao vote
subcommand usage.
$ drk help dao vote
Vote on a given proposal
Usage: drk dao vote <DAO_ALIAS> <PROPOSAL_ID> <VOTE> <VOTE_WEIGHT>
Arguments:
<DAO_ALIAS> Name or numeric identifier for the DAO
<PROPOSAL_ID> Numeric identifier for the proposal
<VOTE> Vote (0 for NO, 1 for YES)
<VOTE_WEIGHT> Vote weight (amount of governance tokens)
Lets use our 20 MLDY to vote yes to proposal 1.
$ drk dao vote MiladyMakerDAO 1 1 20 > /tmp/dao-vote.tx
$ drk broadcast < /tmp/dao-vote.tx
Executing the proposal
Once enough votes have been cast that meet the required minimum (quorum) and assuming the yes:no votes ratio is bigger than the approval ratio, then we are ready to finalize the vote. Any DAO member can perform this action.
$ drk dao exec MiladyMakerDAO 1 > /tmp/dao-exec.tx
$ drk broadcast < /tmp/dao-exec.tx