DAOSquare Incubator Beta Season is on the Base Sepolia testnet. If you are new here, there are some tools and guides to help you get started on Base.
Add Base Sepolia network to your wallet. Some wallets have the “Base Sepolia” option in network adding list, if not, check here.
DAOSquare community members can claim them now, if you are not yet, Just fill a simple form. Details of the tokens here.
MetaMask is a good choice, but don't miss out on more growing excellent players, such as Zerion and Coinbase Wallet.
If you meet any problems or any thoughts in your mind in the test, feel free to find us i!
In Venture DAOs, there are usually 3 types of participants: DAO manager, investor, and investee. In DAOSquare Incubator, these roles are divided into Summoner, Governor, Investor, Proposer, Approver, Poll Voter. The following lists some of the common test cases. Reviewing this article will enhance your understanding for the test.
Create a Vintage-mode Venture DAO and try to invite others to join as a Governor (either by adding Genesis Governors directly during the DAO creation process, or through the Governor-In proposal).
You can set the eligibility for the Governor as the limit for possibly becoming a Governor in the future (for example, holding at least 1000 VOTES), but Genesis Governors are not restricted by this setting.
When you complete the creation transaction, congratulations, you have started a on-chain venture that is similar to the traditional venture capital fund "manager + investor" model! Subsequently, you can start a new fund and calling investors through the Fund Establishment proposal!
Create a Flex-mode Venture DAO and try to invite others to join as a Governor (either by directly adding Genesis Governors during the DAO creation process or through a Governor-In proposal).
You can set the eligibility for the Governor as a limit for possibly becoming a Governors in the future (for example, holding at least 1000 VOTES), but Genesis Governors are not restricted by this setting.
Congratulations, once you complete the creation transaction, you have started a onchain venture capital operation similar to a traditional Syndicate!
Try to initiate a proposal to adjust the parameters of the DAO, such as the voting mechanism, Governor eligibility, etc., in the Vintage-mode Venture DAO.
You can check the changes of these parameters on the Mechanism tab of the About page, and of course, you can also test whether these parameters work perfectly after adjustment.
Step 1: Initiate Fund Establishment Proposal: Try to initiate a Fund Establishment proposal in a Vintage-mode Venture DAO to start a new round of funds. You can choose to set management fees, proposer reward, redemption cycle and redemption fees for this round of funds, so you can discover more useful and interesting features.
You can also set the eligibility for Investors (for example, they must hold a certain NFT). Only those who meet the eligibility can deposit during the fundraising period. If you do not set investor eligibility, then anyone can deposit during the fundraising period.
Step 2: Invite existing Governors to vote: The Fund Establishment proposal can only be passed if the voting results satisfy the passing threshold (Quorum & Support) of the voting mechanism set by the DAO. Then, the new fund will enter the fundraising period.
Step 3: Invite Investor to Invest: After the Fund Establishment proposal is passed, the fund enters the fundraising period. Those who meet the Investor Eligibility will be eligible to invest (Deposit).
When the fundraising period ends, if you have raised enough money (the amount raised is equal to or greater than your set minimum financing target), your fund can officially start. Hurry up and find potential projects, or just wait for them to come!
Try to initiate an Investment proposal in a fund of Vintage-mode Venture DAO, and invite other Governors to participate in the decision.
You can also try to initiate an Investment proposal with Escrow, so you can test the Vesting function with the investors of this fund.
Try to initiate a proposal in a Flex-mode Venture DAO to adjust the parameters of the DAO, such as voting mechanism, governor eligibility, etc.
You can view these parameters on the Mechanism tab of the About page, and of course, you can also test whether these parameter adjustments work perfectly.
Find a Vintage-mode Venture DAO you are interested in on the Explore page, and participate in its new fundraising.
It should be noted that some DAOs may have set up Investor eligibility, such as holding at least 1000 USD, which means that only when you hold 1000 USD (or more), you are eligible to deposit funds in this DAO's fundraising period and join this DAO as an Investor.
Once you successfully join a DAO, you can view the future investment work of this DAO.
After becoming an investor in a Vintage-mode Venture DAO, if you see an investment proposal with Escrow that has passed in this DAO, congratulations, you have successfully obtained the token distribution of the invested project by investing, go to the Vesting page to claim it immediately!
You just need to find this investment in the Vintage Tab of the Vesting page, click "create", and then you can see all the information of this Vesting, including release period, lock-up period, claim interval and so on. Click "Claim" to claim the token now!
Find a Flex-mode Venture DAO you're interested in on the Explore page. When this DAO initiates an investment proposal, review the project.
If you decide to invest in it, do not hesitate to deposit into the project immediately. Note that some DAOs may set investor eligibility, such as holding a 721 NFT. This means that only when you hold that NFT, you are eligible to deposit funds into this investment and become an investor in this project.
Check out those Flex-mode Venture DAOs on the Explore page, see if you can initiate an Investment proposal in a DAO. If so, congratulations, you meet the Proposer eligibility set by this DAO (you might hold a certain ERC20/721/1155, or you're on the Whitelist).
Now try to initiate an investment proposal in this DAO, and set a Proposer reward for yourself, which means if this investment proposal is successfully passed, you will receive some tokens! You can also try the Escrow feature (you need to find an Approver, or play this role yourself), so you can test the Vesting feature with Investors.
If you set a proposer reward, when an investment is completed, don't forget to check your wallet balance!
If you want to try the role of Approver in a Vintage-mode Venture DAO, you need a Proposer to cooperate (in Vintage DAO, the Proposer can be any Governor, so if you are the Governor of this DAO, it will be simpler).
Firstly, this Governor needs to initiate an Investment proposal, turn on the Escrow function, fill your wallet address into the Approver column, and enter the contract address of the payback token you provided (such as COIN) and the agreed purchase price into the proposal.
After the proposal is submitted by the Governor of the DAO, you as an Approver can approve tokens on the voting page. When this proposal is successfully passed, a portion of COIN in your wallet (quantity = the amount of the Investment proposal divided by the price) will be escrowed to the escrow contract.
At the same time, if you are the Receiver of this investment (set in the Investment proposal), your wallet address will receive USD (quantity = the fundraising amount entered in the proposal).
The Flex-mode Venture DAO is the same to Vintage, you need a Proposer to cooperate (in Flex DAO, the Proposer is not necessarily the Governor, but any person who meets the Proposer Eligibility set by this DAO).
First, a Proposer needs to initiate an Investment proposal, turn on the Escrow function, fill in your wallet address in the Approver column, and enter the contract address of the Payback token you provided (such as COIN) and the agreed purchase price into the proposal. After this proposal is submitted by the Proposer of the DAO, you as the Approver can Approve tokens on the voting page.
When this proposal is successfully passed, a portion of COIN in your wallet (quantity = final fundraising net investment amount divided by the price) will be escrowed to the escrow contract.
At the same time, if you are the Receiver of this investment (set in the Investment proposal), your wallet address will receive USD (quantity = final net investment amount raised).
Check out those Flex-mode Venture DAOs on the Explore page, find a DAO that has set up a Poll Voter (Tips: check on the About page of this DAO to see if it has set up the eligibility for Poll Voter). If you meet it, you can participate in the Poll initiated by this DAO for an investment.
If you think this investment is worth starting, please vote YES, otherwise vote NO. Please note, you are now a respected expert or potential investor by the DAO, please carefully review any information about this investment in order to make a professional judgment!
We are working on the frontend of some features, so you can't try them out for now. Once they are available, we will let you know immediately!
The Collective-mode Venture DAO is still dealing with the frontend work. So it's not available now.
All off-chain data (pictures, descriptions...) have not switched to Arweave, so you can't use it for now.
The NFT function in the investment proposal is being optimized, please skip this part.
