Summon a DAO
todo: v3 content
How to Summon a DAO
It is important that before you summon your DAO you have carefully considered the different parameteres you want executed within your organization, this is because after you summon your DAO you will not be able to change the primary settings that are laid out below.
Explanations of available Settings
Primary Token: Which token to accept for proposal deposits and rewards, if any
Proposal Velocity: How many proposals possible in a day
Voting Period: How long proposals are open for voting
Grace Period: How long members have to ragequit before a proposal is processed
Proposal Deposit: Used to protect against member spam. Deposited by user when sponsoring a proposal. Returned to their internal balance (minus processing reward if applicable) after the proposal is processed.
Proposal Reward: Used to reward members who process proposals. Originally meant to reimburse those spending gas to process proposals, so not as necessary on networks like xDAI and Polygon.
Choose your network, a template, and Summon a DAO (opens in a new tab) with one click. Along with Ethereum Mainnet, you can also summon on some other networks:
Note: At least one summoner is required, so someone has some voting power to start. By default, your own address will be added as the summoner with 1 share and you can modify/add up to 50 others, as well as define share numbers for each.
These templates are based on what real communities have used, and thus are a great place to start. If you're sure you want to do something different, you can use Hard Mode or hit us up in our Discord (opens in a new tab) for help. The most important considerations are how fast you'd like to move, and which token you'd like to use primarily (for proposal deposits and rewards).
Slower is typically more secure as it gives members time to process and vote on proposals that may be incredibly high value. Faster is usually less secure, as a potentially malicious proposal could sneak through without members getting a chance to vote it down.
Best for Cooperatives with small to medium financial throughput.
Distribute wealth together. Medium to Large financial throughput
Large to XXL financial throughput.
Govern a protocol or product.
Little to no financial decisions.
For Advanced users only, who know what they are doing. If you really need to do something custom, find us in our Discord and we'll help you out.
Note: Your address must be at the top of the summoner list (if there are multiple summoners) in order to complete DAO registration.