DAO

It allows anyone to create a DAO, submit proposals, and execute actions on-chain.

Proposals are voted by depositing coins. 1 Coin is 1 Vote.
DAOs only supports 1 Coin type

The idea is to send capabilities to the DAO via sui::transfer::transfer.

Users can borrow the capabilities via successful proposals.
Developers must write custom modules that pass the AuthorizedWitness to borrow the capability when executing proposals.
DAO relies on open-source code to make sure the Modules that are executing proposals do what they agreed to do.

A Successful Proposal requires:

for_votes > agaisnt_votes
for_votes / total_votes > quorum rate
for_votes >= min_quorum_votes

Each Vote struct belongs to a specific Proposal via the vote.proposal_id field.

A voter can revoke his vote and recover his sui::coin::Coin if the Proposal is active.
A voter can recover his coins once the voting period ends.
A Vote created from ProposalA cannot be used in ProposalB.

Proposal States

Pending: Newly created proposal.

Active: Proposal is open for voting.

Defeated: The proposal did not pass.

Agree: The proposal passed.

Queued: The proposal was successful and now it is in a queue to be executed if it is executable. This gives time for people to adjust to the upcoming change.

Executable: It can be executed.

Finished: The proposal has been executed.

Structs

DAO

struct Dao<phantom OTW> has key, store {
    id: UID,
    voting_delay: u64, 
    voting_period: u64,
    voting_quorum_rate: u64,
    min_action_delay: u64, 
    min_quorum_votes: u64,
    treasury: ID,
    coin_type: TypeName,
    admin_id: ID
 }

voting_delay - Voters must wait `voting_delay` in milliseconds to start voting on new proposals.
voting_period- The voting duration of a proposal.
voting_quorum_rate
- The minimum quorum rate to pass a proposal.
- If 50% votes are needed, then the voting_quorum_rate should be 5_00_000_000.
- It should be between (0, 1e9].
min_action_delay - How long the proposal should wait before it can be executed (in milliseconds).
min_quorum_votes - Minimum amount of votes for a Proposal to be successful even if it is higher than the against votes and the quorum rate.
treasury - The `sui::object::ID` of the Treasury.
coin_type - The CoinType that can vote on this DAO's proposal.
admin_id - The DaoAdmin.

Proposal

  struct Proposal<phantom DaoWitness: drop> has key, store {
    id: UID,
    proposer: address,
    start_time: u64,
    end_time: u64,
    for_votes: u64,
    against_votes: u64,
    eta: u64,  
    action_delay: u64, 
    quorum_votes: u64, 
    voting_quorum_rate: u64, 
    hash: String,
    authorized_witness: Option<TypeName>, 
    capability_id: Option<ID>,
    coin_type: TypeName
  }

proposer - The user who created the proposal.
start_time - When the users can start voting.
end_time - Users can no longer vote after the end_time.
for_votes- How many votes support the Proposal.
agaisnt_votes- How many votes disagree with the Proposal.
eta
- It is calculated by adding end_time and action_delay. It assumes the Proposal will be executed as soon as possible.
- Estimated Time of Arrival.
action_delay
- Time Delay between a successful Proposal end_time and when it is allowed to be executed.
- It allows users who disagree with the proposal to make changes.
quorum_votes - The minimum amount of for_votes for a Proposal to pass.
voting_quorum_rate - The minimum support rate for a Proposal to pass.
hash - The hash of the description of this proposal.
authorized_witness
- The Witness that is allowed to call execute.
- Not executable proposals do not have an authorized_witness.
capability_id
- The sui::object::ID that this proposal needs to execute.
- Not all proposals are executable.
coin_type - The CoinType of the DAO

Capability Request - Hot Potato

  struct CapabilityRequest {  
    capability_id: ID,
    dao_id: ID
  }

capability_id - The sui::object::ID of the borrowed Capability.
dao_id: The DAO that owns said Capability.

Vote

  struct Vote<phantom DaoWitness: drop, phantom CoinType> has  key, store {
    id: UID,
    balance: Balance<CoinType>,
    proposal_id: ID,
    end_time: u64,
    agree: bool
  }

balance - The amount of Coin the user has used to vote for the Proposal.
proposal_id: The sui::object::ID of the Proposal.
end_time:
- The end_time of the Proposal.
- User can redeem back his balance after this timestamp.
agree - If it is a for or against vote.

Interface

new

It creates a DAO with Treasury.

public fun new<OTW: drop, CoinType: drop>(
    otw: OTW, 
    voting_delay: u64, 
    voting_period: u64, 
    voting_quorum_rate: u64, 
    min_action_delay: u64, 
    min_quorum_votes: u64,
    ctx: &mut TxContext
): (Dao<OTW>, DaoTreasury<OTW>)

@param otw: A One Time Witness to ensure that the Dao is unique.
@param voting_delay: The minimum waiting period between the creation of a proposal and the voting period.
@param voting_period: The duration of the voting period.
@param voting_quorum_rate: The minimum percentage of votes to pass a proposal. E.g. for_votes / total_votes. keep in mind (0, 1_000_000_000]
@param min_action_delay: The minimum delay required to execute a proposal after it passes.
@param min_quorum_votes: The minimum votes required for a Proposal to be successful.
@return Dao<OTW>
@return Treasury<OTW>

Aborts

otw is not a One Time Witness.
voting_quorum_rate is larger than 1_000_000_000
voting_quorum_rate is zero.

voting_delay

Returns the minimum voting delay of the Dao.

public fun voting_delay<DaoWitness>(self: &Dao<DaoWitness>): u64

@param self: a Dao
@return u64

voting_period

Returns the minimum voting period of the Dao.

public fun voting_period<DaoWitness>(self: &Dao<DaoWitness>): u64

@param self: a Dao
@return u64

dao_voting_quorum_rate

Returns the minimum voting quorum rate of the Dao.

public fun dao_voting_quorum_rate<DaoWitness>(self: &Dao<DaoWitness>): u64

@param self: a Dao
@return u64

min_action_delay

Returns the minimum action delay of the Dao.

public fun min_action_delay<DaoWitness>(self: &Dao<DaoWitness>): u64

@param self: a Dao
@return u64

min_quorum_votes

Returns the minimum votes required to pass a proposal.

public fun min_quorum_votes<DaoWitness>(self: &Dao<DaoWitness>): u64

@param self: a Dao
@return u64

treasury

Returns the sui::object::id of the Dao wrapped in an std::option.

public fun treasury<DaoWitness>(self: &Dao<DaoWitness>): ID

@param self: a Dao
@return ID

dao_coin_type

Returns the std::type_name of the Dao's coin type. This is the Coin that can be used to vote on proposals.

public fun dao_coin_type<DaoWitness>(self: &Dao<DaoWitness>): TypeName

@param self: a Dao
@return TypeName

admin

Returns the sui::object::ID of Dao's admin capability. It is used to update the Dao's settings and transfer coins from the treasury.

public fun admin<DaoWitness>(self: &Dao<DaoWitness>): ID

@param self: a Dao
@return ID

proposer

Returns the address of the user who created the proposal.

public fun proposer<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): address

@param proposal: The Proposal
@return address

start_time

Returns start timestamp of the proposal.

public fun start_time<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

end_time

Returns end timestamp of the proposal.

public fun end_time<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

for_votes

Returns the number of votes that support this proposal.

public fun for_votes<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

agaisnt_votes

Returns the number of votes against this proposal.

public fun against_votes<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The {Proposal}.
@return u64

eta

Returns an estimation of when a successful proposal will be executed.

public fun eta<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

action_delay

Returns the minimum time a successful proposal has to wait before it can be executed.

public fun action_delay<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

quorum_votes

Returns the minimum number of votes required for a successful proposal.

public fun quorum_votes<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

voting_quorum_rate

Returns the minimum rate for a proposal to pass. Formula: for_votes / total_votes. 100% is represented by 1_000_000_000.

public fun voting_quorum_rate<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): u64

@param proposal: The Proposal.
@return u64

hash

Returns the hash of the description of the proposal.

public fun hash<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): String

@param proposal: The Proposal.
@return vector<u8>

authorized_witness

Returns the std::type_name::TypeName of the Witness that can execute the proposal.

public fun authorized_witness<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): Option<TypeName>

@param proposal: The Proposal.
@return TypeName

capability_id

Returns the sui::object::ID of the Capability that the proposal requires to execute.

public fun capability_id<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): Option<ID>

@param proposal: The Proposal.
@return Option<ID>

coin_type

Returns the CoinType of the proposal. Votes must use this CoinType.

public fun coin_type<DaoWitness: drop>(proposal: &Proposal<DaoWitness>): TypeName

@param proposal: The Proposal.
@return TypeName

balance

Returns the number of votes.

public fun balance<DaoWitness: drop, CoinType>(vote: &Vote<DaoWitness,  CoinType>): u64

@param vote: The Vote<DaoWitness, CoinType>.
@return u64

proposal_id

Returns the Proposal sui::object::ID.

public fun proposal_id<DaoWitness: drop, CoinType>(vote: &Vote<DaoWitness,  CoinType>): ID

@param vote: The Vote<DaoWitness, CoinType>.
@return ID

vote_end_time

Returns the ending timestamp of the proposal. Users can withdraw their deposited coins afterward.

public fun vote_end_time<DaoWitness: drop, CoinType>(vote: &Vote<DaoWitness,  CoinType>): u64

@param vote: The Vote<DaoWitness, CoinType>.
@return u64

agree

Returns if it is a for or against vote.

public fun agree<DaoWitness: drop, CoinType>(vote: &Vote<DaoWitness,  CoinType>): bool

@param vote: The Vote<DaoWitness, CoinType>.
@return bool

state

Returns the proposal state.

public fun agree<DaoWitness: drop, CoinType>(vote: &Vote<DaoWitness,  CoinType>): bool

@param vote: The Vote<DaoWitness, CoinType>.
@return u8

propose

Creates a Proposal.

public fun propose<DaoWitness: drop>(
    dao: &mut Dao<DaoWitness>,
    c: &Clock,
    authorized_witness: Option<TypeName>,
    capability_id: Option<ID>,
    action_delay: u64,
    quorum_votes: u64,
    hash: String,
    ctx: &mut TxContext    
 ): Proposal<DaoWitness>

@param dao: The Dao.
@param c: The shared sui::clock::Clock object.
@param authorized_witness: The Witness required to execute this proposal.
@param capability_id: The sui::object::ID of the Capability that this proposal needs to be executed. If a proposal is not executable pass option::none()
@param action_delay: The minimum waiting period for a successful Proposal to be executed.
@param quorum_votes: The minimum waiting period for a successful Proposal to be executed.
@param hash: The hash of the proposal's description.
@return Proposal<DaoWitness>

Abort

action_delay < dao.min_action_delay.
quorum_votes < dao.min_quorum_votes.
hash is empty.

cast_vote

Allows a user to use coins to vote for a proposal, either against or for depending on agree.

  public fun cast_vote<DaoWitness: drop, CoinType>(
    proposal: &mut Proposal<DaoWitness>,
    c: &Clock,
    stake: Coin<CoinType>,
    agree: bool,
    ctx: &mut TxContext
  ): Vote<DaoWitness, CoinType>

@param proposal: The proposal the user is voting for.
@param c: The shared sui::clock::Clock object.
@param stake: The coin that the user will deposit to vote.
@param agree: Determines if the vote is for or against..
@return Vote<DaoWitness, CoinType>

Aborts

if the proposal is not ACTIVE
if the stake type does not match the proposal.coin_type
if a user tries to vote with a zero coin stake.

change_vote

Allows a user to change his vote for a proposal.

public fun change_vote<DaoWitness: drop, CoinType>(
    proposal: &mut Proposal<DaoWitness>,
    vote: &mut Vote<DaoWitness,  CoinType>,
    c: &Clock,
    ctx: &mut TxContext
 )

@param proposal: The proposal the user is voting for.
@param vote: The vote that will be changed.
@param c: The shared sui::clock::Clock object.

Aborts

if the proposal is not ACTIVE
if the vote does not belong to the proposal.

revoke_vote

Allows a user to revoke his vote for a proposal and get his coin back.

public fun revoke_vote<DaoWitness: drop, CoinType>(
    proposal: &mut Proposal<DaoWitness>,
    vote: Vote<DaoWitness, CoinType>,
    c: &Clock,
    ctx: &mut TxContext    
 ): Coin<CoinType>

@param proposal: The proposal the user is voting for.
@param vote: The vote that will be destroyed.
@param c: The shared sui::clock::Clock object.
@return Coin<CoinType>

Aborts

if the proposal is not ACTIVE
if the vote does not belong to the proposal.

unstake_vote

Allows a user to unstake his vote to get his coins back after the proposal has ended.

public fun unstake_vote<DaoWitness: drop, CoinType>(
    proposal: &Proposal<DaoWitness>,
    vote: Vote<DaoWitness, CoinType>,
    c: &Clock,
    ctx: &mut TxContext      
): Coin<CoinType>

@param proposal: The proposal the user is voting for.
@param vote: The vote that will be destroyed.
@param c: The shared sui::clock::Clock object.
@return Coin<CoinType>

Aborts

if the proposal has not ended.
if the vote type does not match the proposal.id

queue

Allows a successful proposal to be queued.

public fun queue<DaoWitness: drop>(
    proposal: &mut Proposal<DaoWitness>, 
    c: &Clock
 )

@param proposal: The proposal the user is voting for.
@param c: The shared sui::clock::Clock object.

Aborts

if the proposal state is not AGREED.

execute

Executes a proposal.

public fun execute<DaoWitness: drop, AuhorizedWitness: drop, Capability: key + store>(
    dao: &mut Dao<DaoWitness>,
    proposal: &mut Proposal<DaoWitness>, 
    _: AuhorizedWitness,
    receive_ticket: Receiving<Capability>,
    c: &Clock
): (Capability, CapabilityRequest)

@param dao: The Dao.
@param proposal: The proposal that will be executed.
@param _: The witness that is authorized to borrow the Capability.
@param receive_ticket: A receipt struct to borrow the Capability.
@param c: The shared sui::clock::Clock object.
@return Capability required to execute the proposal.
@return CapabilityRequest A hot potato to ensure that the borrower returns the Capability to the dao.

Aborts

if the proposal state is not EXECUTABLE
if there has not passed enough time since the end_time
if the Authorized Witness does not match the proposal.authorized_witness.
if the borrowed capability does not match the proposal.capability_id.

return_capability

Returns the borrowed cap to the dao.

public fun return_capability<DaoWitness: drop, Capability: key + store>(dao: &Dao<DaoWitness>, cap: Capability, receipt: CapabilityRequest)

@param dao: The Dao.
@param cap: The capability that will be returned to the dao.
@param receipt: The request hot potato.

Aborts

if the user tries to return the cap to the wrong dao
if there user tries to return the wrong cap

update_dao_config

Updates the configuration settings of the dao.

public fun update_dao_config<DaoWitness: drop>(
    dao: &mut Dao<DaoWitness>,
    _: &DaoAdmin<DaoWitness>,
    voting_delay: Option<u64>, 
    voting_period: Option<u64>, 
    voting_quorum_rate: Option<u64>, 
    min_action_delay: Option<u64>, 
    min_quorum_votes: Option<u64>
)

@param dao: The Dao.
@param _: Immutable reference to the DaoAdmin.
@param voting_delay: The minimum waiting period between the creation of a proposal and the voting period.
@param voting_period: The duration of the voting period.
@param voting_quorum_rate: The minimum percentage of votes. E.g. for_votes / total_votes. Range = (0, 1_000_000_000]
@param min_action_delay: The delay required to execute a proposal after it passes.
@param min_quorum_votes: The minimum votes required for a {Proposal} to be successful.

Aborts

if the user tries to return the cap to the wrong dao
if there user tries to return the wrong cap

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Last updated 11 months ago