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. 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

Lets 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 1

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 1 > 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 1.

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 1
$ ./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 1

Creating a proposal

Now that the DAO has something in their 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 1 {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 1
$ ./drk dao proposal 1 1

NOTE: vote & exec is todo, check src/contract/dao/ for code.