VitaDAO Deployment Process Proposal

DAO-Wide General Discussion
1

Hi, attached an idea on how the VitaDAO contract deployment could be done.

Contract Deployment

1. Wallet preparation

  • Create new wallet (EOA)
  • Channel funds to new EOA

2. VitaDAO Multisig Creation

  • Create VitaDAO Multisig (Gnosis Safe)
  • Take DAO designated addresses from VDP-0 VitaDAO Multisig Proposal (VDP-0 VitaDAO Multisig Proposal)
  • Assign DAO designated addresses as VitaDAO Multisig Holders (Gnosis Safe)
  • Adjust Transaction signing threshold to 5 / 8 signers

3. Deployment of Token contract

4. Creation and allocation of tokens

  • Mint 30% of the total Token supply
  • Move minted Tokens to VitaDAO Gnosis Multisig

5. Transfer Token Contract and Multisig

  • Assign VitaDAO Multisig as Minter Address
  • Move VitaDAO Token Contract Ownership to VitaDAO Gnosis Multisig
  • Delete EOA from VitaDAO Multisig holder list

Token Auction

1. Create and start auction

  • VitaDAO Multisig creates VitaDAO Auction via Gnosis Auction
  • VitaDAO Multisig starts Auction

2. Finish VitaDAO Auction via Gnosis Auction

  • Auction is finalized by VitaDAO after token auction deadline
  • Participants are able to claim their token allocation from the Gnosis Auction site
  • Collected funds from auction remain in VitaDAO Gnosis Multi-sig

After VitaDAO Token Auction

1. EOA creates VitaDAO Smart contract and moves contracts

  • Deploy VitaDAO DAO Smart Contract via EOA
  • Move DAO Smart Contract Ownership from EOA to VitaDAO Gnosis Multi-sig
  • Move ERC-20 Token Contract from EOA to VitaDAO DAO Contract
2

Looks all very good!

Correct me if I’m wrong, but isn’t the DAO multisig just finalising the auction so that tokens can be claimed - but bidders will still have to actively claim these tokens themselves? If so, it’s probably a good idea to clarify that so that it’s clear that bidders need to do that.

3

Hi, that is correct and a very good point! I am adjusting the wording to clarify that participants will need to claim their tokens from the gnosis auction side.