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Multi-Token-DAO-Smart-Contract

What is DAO ?

DAO stands for Decentralized Autonomous Organization an open-source Blockchain protocol governed by a set of rules, created by its members, which automatically execute certain actions without the need for intermediaries. DAO is a community-led entity with no central authority. It is fully autonomous and transparent.

In MultiToken DAO either you can vote with Token or NFT.

There are five Contract.

  • Nappy Token (ERC20Token)
  • NappyNFT (ERC721Token)
  • TimeLock
  • Governance
  • Treasury

Nappy Token

  • Token Name: Nappy Token
  • Token Symbol: NPY
  • Nappy Token will use to mint token and transfer to voter for use in voting.
  • First owner will mint the token. There is no fixed supply to mint the token.
  • This contract will also use for delegate the tokens. User will have to call delegate() function for voting power.
  • Voting power is depend on decimal of Token.

NappyNFT

  • Token Name: NappyNFT
  • NFT Symbol: NPY
  • NappyNFt will use to mint NFT and transfer to voter for use in voting.
  • First owner will mint the NFT. There is no fixed supply to mint the NFT.
  • This contract will also use for delegate the NFT. User will have to call delegate() function for voting power.
  • Voting power of one NFT is one.

TimeLock

  • This contract will set as owner of the Treasury contract.

  • It will decide how many block's to wait to execute proposal.

Governance

  • This contract will create the proposal and vote for the same.
  • In this contact user can create the proposal, vote, cancel.
  • There are several stages for proposal.

Stages

Sr No Stages
0 Pending
1 Active
2 Cancelled
3 Defeated
4 Succeeded
5 Queued
6 Expired
7 Executed
  • First of all we will deploy the contract. We will get contract address of all deploy contract.
  npx hardhat run scripts/deploy.js --network mumbai

  • Nappy Token : 0xb1E2d34eE670F4B91C8015547D4E1F1f89a61f92

  • NappyNFT : 0x0c85214E55324d86395A8148Fe4FB395f185Ae02

  • TimeLock : 0xf43d582A34BfD50395CB8A96150E54a89D507BE3

  • Governance : 0x4dDe5bc62a29DE1e7aE84902E8D0ddA7Fb0D03fE

  • Treasury : 0x7dfBd09387E7b903edb40db98515bAF8c3158722

  • After this we will call createProposal scripts.

  npx hardhat run scripts/createProposal.js --network mumbai

  • After this function we will get proposal Id.

  • Proposal Id : 63443021524830328481685862710718740376614608430634741687791276264061360147468

  • Now we will check state of the DAO.

  • Before check the state we have to wait for to mine 20 Blocks to mine.

  npx hardhat run scripts/checkState.js --network mumbai

  • It will give state 1 means our proposal is Active.

  • Now everyone will vote using castVote function.

  • Some will vote with NFT & some will vote with Tokens.

  npx hardhat run scripts/voteOnProposal.js --network mumbai
  • Now we will check state of the DAO.
  npx hardhat run scripts/state.js --network mumbai

  • It will give state 4 means our proposal is Succeeded.

  • The voting is Succeeded.

  • Now we will call the queue function our proposal is pass.

  npx hardhat run scripts/queueProposal.js --network mumbai

  • It will give state 5 means our proposal is Succeeded.

  • Now our proposal is in Queue.

  • Now we will Execute the proposal.

  npx hardhat run scripts/executeProposal.js --network mumbai

  • It will give state 7 means our proposal is Executed.

  • Our proposal is successfully executed.

Get item

Treasury

  • You have to send some ether or any ERC20Token or ERC721 to Treasury.
  • This contract will store the ether. Anyone can send the ether to this contract.
  • Only owner(timelock) can withdraw the funds.
  • It transfer ownership to TimeLock Contract using transferOwnership function.

Important Step

create .env file in root directory.
    API_URL = "https://polygonscan.com/myapikey"
    PRIVATE_KEY = "YOUR-METAMASK-MNEMONICS"
    POLYGON_SCAN_API_KEY = "YOUR-POLYGON_SCAN_API_KEY"

-Get Your API Key

-Get Your Matic Mumbai Faucet

NPM Packages

Tech Stack

Run Locally

Clone the project

  git clone https://github.com/karangorania/multi-token-DAO

Go to the project directory

  cd multi-token-DAO

Install dependencies

  npm install

Compile

  npx hardhat compile

Test

  npx hardhat test

Deploy

  node scripts/deploy.js

Deploy on Mumbai

  npx hardhat run scripts/deploy.js --network mumbai

Verify Contract

npx hardhat verify --network mumbai <YOUR_CONTRACT_ADDRESS>

Help

  npx hardhat help

Check on Mumbai Explorer

Deploy Contract

Transaction

Proposal ID