Every DAO on the Upstream platform has specific settings that dictate how the DAO operates. These settings, accessible from the main dashboard of the DAO, are integral to its functioning and governance. Note that any changes to these settings need to be proposed and passed by a majority vote within the DAO.
Here's an overview of the available settings and what they mean:
- 1.Contract Address: The contract address is the unique identifier of the DAO's associated smart contract. This contract orchestrates on-chain operations like token deposits. Assets sent directly to this address are displayed in the DAO's vault. Tools like Etherscan can monitor the contract's transactions for transparency and traceability.
- 2.Minimum Signators: This specifies the minimum number of signators needed to approve and execute a proposal.
- 3.Require Signatures to Vote: If this is enabled, members must sign their votes with their wallet.
- 4.Voting Privacy: This determines whether proposal votes are transparent (listing who voted and their choice) or anonymous.
- 5.Proposal Threshold: This setting defines the minimum number of DAO tokens a member must hold before they can create new proposals. This rule can help ensure that only active contributors can influence the DAO's agenda.
- 6.Allow Anyone to Join?: If enabled, any token holder of the DAO's token can join the DAO on Upstream without needing pre-approval from existing members.
- 7.Allow New Membership Requests?: This setting governs whether the DAO is currently accepting new membership requests.
- 8.Exchange Rate: This rate sets the value equivalence between ETH and the DAO’s tokens. Adjusting the exchange rate will also change members' ownership percentages, as it alters the value of their tokens.
- 9.Enable Withdrawals?: This setting controls whether members can convert their DAO tokens back into ETH. Disabling this locks in members' token contributions.
- 10.Enable Contributions?: If enabled, any Ether sent to the DAO will automatically mint new DAO tokens for the contributor.
- 11.Token Transferability: This governs whether DAO tokens can be transferred between wallets. By disabling transferability, DAOs can restrict token ownership to specific wallets.
- 12.Quorum Percentage: This is the minimum proportion of members who must vote in favor of a proposal for it to pass. It's adjustable based on the DAO's member engagement level.
- 13.Minimum ETH Contribution: This is the least ETH a member can contribute at a time to receive your DAO's governance token.
- 14.Upstream Fees: This represents fees paid to Upstream on contributions. It is currently set to zero, but future changes will be communicated to existing users.
- 15.Sync DAO to Blockchain: This command manually synchronizes the DAO's settings and transactions with its smart contract on the Ethereum network. It's useful for rectifying any discrepancies.
Each of these settings plays a vital role in the operation, governance, and transparency of your DAO. As part of the DAO, it's crucial to understand these settings, as any changes will directly influence your DAO's operations and dynamics.