Glossary

DAOhaus and DAO Terminology

todo:

• delegate
• safe
• voting and non voting

Dilution Bound

If enough members of a DAO ragequit during a proposal's grace period, the transaction may not execute. The proportion of members that must ragequit for this to occur is determined by the dilution bound. A dilution bound of 3, means that if 1/3 of the membership rage quits, the proposal will not pass.

Grace period

The length of time between a proposal passing and when a proposal is ready for processing. It is set by the DAO at summoning, and it ensures that members have ample time after a proposal has passed to ragequit, pulling funds out of the treasury if they choose.

GuildKick

Converts any Shares into Loot, removing voting power while maintaining economic stake.

Loot

Grants proportionate ownership of core treasury, without the voting rights.

Proposal

A transaction can be created, configured and put forward to the DAO for voting. The transaction will only execute if the proposal passes.

Proposal Offering

The number of tokens that must be deposited to sponsor a proposal.

Ragequit

Burn some amount of shares and/or loot in exchange for proportionate amount of tokens in the DAO. One doesn't have to burn all shares, and can ragequit any amount at anytime.

RageKick

Same as Ragequit, but enforced by other members and burns all shares and loot, returning their proportionate stake to their internal balance.

Voting Tokens (Shares)

Grants voting rights and proportionate ownership of core treasury. Each DAO has its own process for distributing shares to its members.

Non-Voting Tokens (Loot)

Grants proportionate ownership of core treasury without voting rights. Each DAO has its own process for distributing loot to its members.

Summon

Create a new DAO

Summoner

The original member or members who create the DAO.

Structural Benevolence

The structure of the organization prevents or cannot be used to prejudice certain members by nature of the organizational structure.