/WAGMI

WAGMI protocol - Open source programs for launching DAO

Primary LanguageRust

WAGMI protocol

Open source programs for launching DAO, inspired by Tribeca. Current projects has used WAGMI protocol for their DAO

At the nutshell, WAGMI protocol includes 3 programs:

And there are 2 roles in WAGMI protocol:

  • User: entity stake governence token and vote for a proposal
  • Council: entity create proposal, and update state of proposal once it is executed

Some use cases can be done by WAGMI protocol

1. Voting for Yes/No question

  • Council creates a proposal, Ex: Spend 1M USDC from treasury to pay salaries for Devs.
  • User stake governence token, and vote for the proposal with 3 options Yes/No/Abstain
  • After proposal ends, result will be revealed
  • If the proposal passes, team will execute the proposal off-chain. Council will monitor this and mark proposal executed after everything is done

2. Voting for multiple options question

  • Council creates a proposal, Ex: Vote for 3 projects: WEN, JUP, MET to go to launchpad.
  • User stake governence token, and vote for the proposal with 3 options WEN, JUP, MET
  • After proposal ends, result will be revealed
  • If the proposal passes, team launch the project with the most vote to launchpad. Council will monitor this and mark proposal executed after everything is done

3. Reward on-chain based on voting weight

  • Council can set rewards for each proposal to incentive voters.
  • Voter can claim rewards on-chain after the proposal ends based on their voting power for this proposal

4. Multiple option for staking

  • User can choose a duration for locking governence token. Voting power will linear decay
  • User has option to switch to max_lock. User will get full voting power with max_lock, but when they start unstaking, duration for withdraw will be reset to max_lock_duration
  • User has option to partially unstake, partial-unstaked amount will not be counted in voting power.

For developer

To run all the test, please run the following commands:

anchor test -- --features test-bpf

Build programs:

anchor build

Audit

WAGMI Protocol has been audited by Offside Labs. View the audit report here.

License

Anchor is licensed under Apache 2.0.

Unless you explicitly state otherwise, any contribution intentionally submitted for inclusion in WAGMI by you, as defined in the Apache-2.0 license, shall be licensed as above, without any additional terms or conditions.