DAO

DESCRIPTION

This contract represents a decentralized autonomous organization (DAO) that utilizes an NFT-based membership system. DAO members can create proposals, vote on them, and execute them based on the voting results. The contract enforces membership by requiring the possession of a specific NFT. The proposals have a deadline for voting, and once the deadline is reached, the voting results are considered for execution.

FUNCTIONS

1. createProposal(string memory _proposal) external nftHolderOnly returns(uint256)

• Description: This function allows a DAO member to create a new proposal for voting.

• Utility Tags: Proposal Creation, Voting

• Uses: DAO governance, Proposal management

2. vote(uint256 _id, Vote _vote) external nftHolderOnly activeProposalOnly(_id)

• Description: Allows a DAO member to vote (YAY or NAY) on a specific proposal.

• Utility Tags: Voting

• Uses: DAO governance, Proposal voting

3. executeProposal(uint256 _id) external nftHolderOnly inactiveProposalOnly(_id)

• Description: Executes a proposal if the voting deadline has passed and it has received enough YAY votes.

• Utility Tags: Proposal Execution

• Uses: DAO governance, Proposal execution

4. getVotes(uint256 _id) view external returns(uint256, uint256)

• Description: Retrieves the number of YAY and NAY votes for a specific proposal.

• Utility Tags: Voting, Proposal Management

• Uses: DAO governance, Vote tracking

5. withdrawEther() external onlyOwner

• Description: Allows the owner of the contract to withdraw the accumulated Ether balance from the contract.

• Utility Tags: Ether Withdrawal

• Uses: Fund management, Contract owner control

EXTRA PARAMETERS

NFT : address

Contract Level : Medium

Utility Tags

• DAO Governance

• Proposal Creation

• Voting

• Proposal Execution

• Proposal Management

USES

1. DAO Governance and Decision-Making: The contract facilitates decentralized governance by allowing DAO members to create proposals and vote on them. This enables collective decision-making within the organization, as members can actively participate in shaping the direction and actions of the DAO.

2. Proposal Creation and Management: Members can create proposals to suggest new initiatives, projects, or changes within the DAO. These proposals can include detailed descriptions, timelines, and other relevant information to provide clarity and context to the voting process.

3. Voting on Proposals: DAO members can cast their votes (YAY or NAY) on the proposed initiatives. This democratic voting system ensures that decisions are made based on the consensus of the members. Each member's vote is recorded and considered in determining the outcome of the proposal.

4. Execution of Approved Proposals: Once the voting deadline is reached and a proposal has received enough YAY votes, it can be executed. This means that the DAO can carry out the suggested action or initiative. On the other hand, if the proposal does not receive sufficient support, it will not be executed, preventing actions that lack sufficient consensus.

5. NFT-Based Membership Verification: The contract incorporates an NFT interface to verify the membership status of users. Only members who possess the required NFT can create proposals, vote on them, and participate in the governance activities of the DAO. This membership verification adds an additional layer of security and ensures that only authorized members can influence the decision-making process.

6. Fund Management and Ether Withdrawal: The contract allows the contract owner to withdraw accumulated Ether balances from the contract. This feature facilitates proper fund management and provides a mechanism for the owner to retrieve funds when needed.