Summoner FAQ
Q: Is there a test / staging area for creating DAOs?
A: Yes, DAOhaus is on Göerli. It is also really cheap to test on xDAI.
Q: Is there a test / staging area for creating DAOs?
A: Yes, DAOhaus is on Göerli. It is also really cheap to test on xDAI.
Q: I want to summon a DAO, but I'd like to customise the DAO parameters.
How do I do this?
A: You can switch to Hard mode and you'll be able to configure the
parameters to meet your DAO needs.
Q: I want to summon a DAO, but I'd like to customise the DAO parameters.
How do I do this?
A: You can switch to Hard mode and you'll be able to configure the parameters to meet your DAO needs.
Q: What is "Dilution Bound" in Hard Mode settings when summoning a DAO?
A: Dilution bound is a mechanism to handle edge cases where many members
RageQuit, increasing the dilution of non-ragequit members. This hasn't been
used before, but 3 is usually good.
Q: What is "Dilution Bound" in Hard Mode settings when summoning a DAO?
A: Dilution bound is a mechanism to handle edge cases where many members RageQuit, increasing the dilution of non-ragequit members. This hasn't been used before, but 3 is usually good.
Q: What is "Processing Reward"?
A: The processing reward is a mechanism to incentivize members to actively
process proposals and keep the proposal funnel clear.
Q: What is "Processing Reward"?
A: The processing reward is a mechanism to incentivize members to actively process proposals and keep the proposal funnel clear.
Q: There is no explicit setting for proposal velocity in Hard Mode. Where
is it?
A: In Hard Mode, the voting period is equal to the proposal velocity. So, at
a default of 7200 seconds, it is 2 hours. If mutiple proposals are submitted
at the same time, one proposal will enter into voting every 2 hours (first
in, first out). Therefore, with a shorter voting period you raise the upper
limit for proposal velocity in your DAO.
Q: There is no explicit setting for proposal velocity in Hard Mode. Where
is it?
A: In Hard Mode, the voting period is equal to the proposal velocity. So, at a default of 7200 seconds, it is 2 hours. If mutiple proposals are submitted at the same time, one proposal will enter into voting every 2 hours (first in, first out). Therefore, with a shorter voting period you raise the upper limit for proposal velocity in your DAO.
Q: Can I change the proposal velocity / voting period after creating the
DAO?
A: Unfortunately, no. The alternative would be to upgrade your DAO, clone
the members / shares and transfer the balances over to the new DAO.
Q: Can I change the proposal velocity / voting period after creating the
DAO?
A: Unfortunately, no. The alternative would be to upgrade your DAO, clone the members / shares and transfer the balances over to the new DAO.
Q: Can I customise the font and colours of my DAO theme?
A: Yes, you can customise the font and colours of your DAO theme through the
"Custom Theme" app
Q: Can I customise the font and colours of my DAO theme?
A: Yes, you can customise the font and colours of your DAO theme through the "Custom Theme" app
Q: I'm setting up a Grants DAO. Is there a recommended number of share per
summoner to start with?
A: An arbitrary rule of thumb is to have more than 1, so keeping it to 10
would be a good start. It is also helpful to set a minimum / maximum for
members, as well as loot for whales. For instance, if 1 share is estimted to
be 0.1 ETH, each member can have minimum 10, maximum 100 shares. For whales
who want to add more than 10 ETH (i.e. >100 shares), they would be allocated
loot instead of shares. This makes the DAO fair and functional for members,
and whales.
Q: I'm setting up a Grants DAO. Is there a recommended number of share per
summoner to start with?
A: An arbitrary rule of thumb is to have more than 1, so keeping it to 10 would be a good start. It is also helpful to set a minimum / maximum for members, as well as loot for whales. For instance, if 1 share is estimted to be 0.1 ETH, each member can have minimum 10, maximum 100 shares. For whales who want to add more than 10 ETH (i.e. >100 shares), they would be allocated loot instead of shares. This makes the DAO fair and functional for members, and whales.
Q: If I would like to customise my DAO further (other than the the Hard
Mode settings), how can I do it?
A: The Hard Mode settings are the base settings of the DAO contract. Any
other customisations will have to be done through a Minion.
Q: If I would like to customise my DAO further (other than the the Hard
Mode settings), how can I do it?
A: The Hard Mode settings are the base settings of the DAO contract. Any other customisations will have to be done through a Minion.
Q: Who can change the metadata of the DAO?
A: Any DAO member with shares is able to customise the DAO's metadata.
Q: Who can change the metadata of the DAO?
A: Any DAO member with shares is able to customise the DAO's metadata.
Q: How much does it cost to summon a DAO?
A: On ETH mainnet, it depends on the gas prices. On a side chain like xDAI
or Polygon, it is almost free at around USD0.01
Q: How much does it cost to summon a DAO?
A: On ETH mainnet, it depends on the gas prices. On a side chain like xDAI or Polygon, it is almost free at around USD0.01
Q: What is the best way to reset shares and loot distribution in my DAO?
A: The easiest way is to summon a new DAO with the desired shares
distribution.
Q: What is the best way to reset shares and loot distribution in my DAO?
A: The easiest way is to summon a new DAO with the desired shares distribution.
Q: How can I airdrop tokens to my DAO members?
A: Using a minion, you can use Disperse.app or Multisender to send tokens to
the list of members' addresses from the bank.
Q: How can I airdrop tokens to my DAO members?
A: Using a minion, you can use Disperse.app or Multisender to send tokens to the list of members' addresses from the bank.
Q: How do I export my DAO transactions for taxation purposes?
A: All DAO transactions are on-chain and you can export the transactions via
contract address. Alternatively, you can use Dune Analytics to extract the
information.
Q: How do I export my DAO transactions for taxation purposes?
A: All DAO transactions are on-chain and you can export the transactions via contract address. Alternatively, you can use Dune Analytics to extract the information.
Q: My DAO is new and has no proposals. I want to ragequit but cannot do so
as I'm faced with an error. How do I fix this?
A: You are not able to ragequit because there are no proposals in the DAO
yet. An easy way to rage quit will be to submit a proposal (such as Signal
Proposal) and you'll be able to ragequit after.
Q: My DAO is new and has no proposals. I want to ragequit but cannot do so
as I'm faced with an error. How do I fix this?
A: You are not able to ragequit because there are no proposals in the DAO yet. An easy way to rage quit will be to submit a proposal (such as Signal Proposal) and you'll be able to ragequit after.
Registering DAOs in Wyoming
Q: I'm registering my DAO in Wyoming and I'm asked for a "Publicly
available identifier" for my DAO. What should I fill in here?
A: You can fill in the DAO contract address.
Q: I'm registering my DAO in Wyoming and I'm asked for a "Publicly
available identifier" for my DAO. What should I fill in here?
A: You can fill in the DAO contract address.
Q: I am forming a WY DAO LLC. Where can I find more information on this?
A: You can refer to LexDAO's thoughts
here (opens in a new tab) or
hop into our Discord to brainstorm and crowdsource ideas with the community.
Q: I am forming a WY DAO LLC. Where can I find more information on this?
A: You can refer to LexDAO's thoughts here (opens in a new tab) or hop into our Discord to brainstorm and crowdsource ideas with the community.
Our FAQs section are work-in-progress. Want to contribute?
Head to the DAOhaus Discord (opens in a new tab), indicate your role as "Contributor" and reach out!