The one DAO to rule them all. ExecutorDAO is designed to be completely modular and flexible, leveraging Clarity to the fullest extent. The core tenets of ExecutorDAO that make this possible are:
- Proposals are smart contracts.
- The core executes, the extensions give form.
- Ownership control happens via sending context.
This is an early release. More information, design specifics, and unit tests coming soon.
The way a conventional company operates is defined in its constitution. Changes are made by means of resolutions put forward by its members, the process of which is described by that same constitution. Translating this into a DAO was one of the aims when designing ExecutorDAO. Proposals are therefore expressed as smart contracts. Clarity is a beautifully expressive language. Instead of verbose "Legalese", we can describe the operation, duties, and members using concise logical statements. Proposals implement a specific trait and may be executed by the DAO when certain conditions are met. It makes ExecutorDAO extremely flexible and powerful.
ExecutorDAO initially consists of just one core contract. Its sole purpose is to execute proposals and to keep a list of authorised extensions. There are no other features: no token, no voting, no functions. The DAO is given form by means of so-called extension contracts. Extensions are contracts that can be enabled or disabled by proposals and add specific features to the DAO. They are allowed to assume the "sending context" of the DAO and can thus enact change. Since different groups and organisations have different needs, extensions are rather varied. Some example functionality that can be added to ExecutorDAO via an extension include:
- The issuance and management of a governance token.
- The ability to submit proposals.
- The ability to vote on proposals.
- The creation and management of a treasury.
- Salary payouts to specific members.
- And more...
Since extensions become part of the DAO, they have privileged access to everything else included in the DAO. The trick that allows for extension interoperability is a common authorisation check. Privileged access is granted when the sending context is equal to that of the DAO or if the contract caller is an enabled DAO extension. It allows for extensions that depend on other extensions to be designed. They can be disabled and replaced at any time making ExecutorDAO fully polymorphic.
ExecutorDAO follows a single-address ownership model. The core contract is the de facto owner of external ownable contracts. (An ownable contract is to be understood as a contract that stores one privileged principal that may change internal state.) External contracts thus do not need to implement a complicated access model, as any proposal or extension may act upon it. Any ownable contract, even the ones that were deployed before ExecutorDAO came into use, can be owned and managed by the DAO. Proposals are executed in the sending context of the DAO and extensions can request it via a callback procedure.
The ExecutorDAO code base comes with a few reference extension contracts. These are designated by a code that starts with "EDE" followed by an incrementing number of three digits.
Implements a SIP010 governance token with locking capabilities. The DAO has full control over the minting, burning, transferring, and locking.
Allows governance token holders to vote on proposals. (Note: vote, not propose.) One token equals one vote. Tokens used for voting are locked for the duration of the vote. They can then be reclaimed and used again.
Allows governance token holders that own at least 1% of the supply to submit a proposal to be voted on via EDE001. Proposals that are made this way are subject to a delay of at least 144 blocks (~1 day) to 1004 blocks (~7 days) and run for 1440 blocks (~10 days). All these parameters can be changed by a proposal.
Manages a list of emergency team members that have the ability to submit emergency proposals to EDE001. Such proposals are not subject to a start delay and run for only 144 blocks (~1 day). This extension is subject to a sunset period after which it deactivates. The members, parameters, and sunset period can be changed by a proposal.
Manages a list of executive team members that have the ability to signal for the immediate execution of a proposal. This extension is subject to a sunset period after which it deactivates. The members, parameters, and sunset period can be changed by a proposal.
An extension that functions as a development fund. It can hold a governance token balance and manages monthly developer payouts. The developers that receive a payout as well as the amounts can be changed by a proposal.
ExecutorDAO also comes with some reference and example proposals. These are designated by a code that starts with "EDP" followed by an incrementing number of three digits. The numbers do not to coincide with extension numbering.
A bootstrapping proposal that is meant to be executed when the ExecutorDAO is first deployed. It initialises boot extensions, sets various parameters on them, and mints initial governance tokens.
Enables the EDE005 Dev Fund extension, mints an amount of tokens for it equal to 30% of the current supply, and awards an allowance to two principals.
Immediately disables EDE004 Emergency Execute if it passes.
A simple example on how ExecutorDAO can manage third-party smart contracts.
Unit tests coming soon, for now you can try it out manually in a clarinet console session. Execute the bootstrap proposal and have at it:
(contract-call? .executor-dao construct .edp000-bootstrap)To propose edp001-dev-fund, run the following commands one by one:
;; Submit the proposal via extension EDE002, starting
;; the voting process at block-height + 144.
(contract-call? .ede002-proposal-submission propose .edp001-dev-fund (+ block-height u144) .ede000-governance-token)
;; Advance the chain 144 blocks.
::advance_chain_tip 144
;; Vote YES with 100 tokens.
(contract-call? .ede001-proposal-voting vote u100 true .edp001-dev-fund .ede000-governance-token)
;; (Optional) take a look at the current proposal data.
(contract-call? .ede001-proposal-voting get-proposal-data .edp001-dev-fund)
;; Advance the chain tip until after the proposal concludes.
::advance_chain_tip 1440
;; Conclude the proposal vote, thus executing it.
(contract-call? .ede001-proposal-voting conclude .edp001-dev-fund)
;; Check that the ede005-dev-fund contract now
;; indeed holds governance tokens.
::get_assets_maps
;; Reclaim tokens used for voting.
(contract-call? .ede001-proposal-voting reclaim-votes .edp001-dev-fund .ede000-governance-token)ExecutorDAO reserves different uint ranges for the main components.
1000-1999: ExecutorDAO errors.2000-2999: Proposal errors.3000-3999: Extension errors.
MIT license, all good as long as the copyright and permission notice are included. Although I ask developers that adopt ExecutorDAO in one way or another to make the adapter open source. (The client code that interfaces with the DAO.)