Fund the DAO
Opened this issue · 5 comments
As a DAO member, I want to be able to fund the DAO directly so that the DAO can have funds to perform work.
First of all, all funds will go directly to treasury trust (we should deal with Treasury account in different issue).. But before the given fund goes to Treasury, it needs to get allocated some labels:
Member_fund(1)= [amount, which_person, to which proposal, to which mileston]
We can put this logic inside "members component" in the DAO contract container @falkonprods
this should be pretty easy. just a function to effectively donate to the dao
Donating to the DAO is a wrapping function, right? The DAO gets STX and you get the DAO sip 010 coin?
And this is a one way street, you can get DAO coin for STX but you can not get STX for the DAO coin, right?
Members proposals and their votes decide where the STX go towards, which projects are chosen to finance with that treasury to achieve a certain goal/revenue.
@314159265359879 I don't think we have wrapped our mind around issuing a native token for DAO contract... according to last convo, @falkonprods opinion was to seperately develop DAOos without any token for the first MVP, am I right?...otherwise we should plan for token economy.
@314159265359879 I don't think we have wrapped our mind around issuing a native token for DAO contract... according to last convo, @falkonprods opinion was to seperately develop DAOos without any token for the first MVP, am I right?...otherwise we should plan for token economy.
Ah rereading the last couple of post in #30 I see we did conclude not needing a SIP-010 token. In scenario 1 (Freehold scenario) we do not need any token because there is a "account holder" who controls the funds on behalf of voting members.
In scenario 2 (DAO for Open Source app creators) you want members to have voting power equal to what they brought to the table funding the DAO, right? If you wrap the asset (STX) and return an equivalent amount of an FT, that FT could help with (A) splitting up votes between members and proposals without exceeding the available funds, (B) keep an historic record (if FT's are not burned) and (C) relate FT proportion of total to equivalent fractional treasury value. As the treasury value decreases with funds going to projects and increases with profits from those projects: this could prove useful to tell the stx/dollar value of a vote/stake.
Or maybe voting is the action of funding with stx, then no FT is needed? In that case "Members do not fund the DAO but they fund available projects in the DAO"?
In scenario 3 (One project/milestone and full liquidation) in this case again members could vote with STX directly. Any member who funds with STX is a voting member by default and their stake is proportionate to the stx they staked. Full liquidation does not mean dissolving the DAO. I think this situation fits the application of DAOos I proposed here (community namespace launch) #48.