Safes
TODO: Add v3 info and images
Safe Overview
The Safes page will show all of the safes your DAO manages.
There are 2 types:
- Ragequittable: the main treasury for the DAO. When members rage quit they can take a portion of this safe's tokens.
- Non-ragequitable: sidecar safes that can hold assets that will members do not have ecite right over.
How Ownership Works
All members share direct ownership of the treasury based on their Shares and/or Loot in relation to one another. Shares grant voting power as well as a claim to the Treasury funds, whereas Non-voting tokens (Loot) only grants you rights to the funds in the Treasury.
To help you visualise, here is an example of a simple DAO with 600 DAI in the Treasury.
| Member | Shares | Loot | Voting Power | Exit Value |
|---|---|---|---|---|
| Alice | 10 | 0 | 25% | 100 DAI |
| Bob | 10 | 10 | 25% | 200 DAI |
| Chris | 20 | 0 | 50% | 200 DAI |
| Dani | 0 | 10 | 0% | 100 DAI |
| Total | 40 | 20 | 100% | 600 DAI |
In the above example, as Bob has 10 / 40 shares, he has 25% of voting power. If he wants to withdraw from the treasury, he can claim 33% of the funds (200 DAI) because the sum total of his Shares + Loot take up 33% of the total.
As Dani has no Shares, she has no voting power. If she wants to withdraw from the Treasury, her 10 loot grants her 16% of the Treasury funds (96 DAI)
When members RageQuit or are Guild Kick-ed, this is how their Exit Amounts are calculated
Common Treasury Use Cases
TBD
Common sidecar Safe Use Cases
TBD