A daosplit is a smart contract that allows locking of a single token type (Target Token) to be permissionlessly, proportionally rewarded from a pool of rewards (Rewards Pool), when a minimum number of TargetToken a
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re supplied before an expiry time.
A factory contract is provided on the following networks allowing parameterized creation of DaoSplit contract instances:
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Initializing a split requires parameters:
TargetToken: address of the ERC20 that can be locked.MinContributions: minimum number ofTargetTokenthat need to be locked in the contract to achieve completion.Expiry: timestamp of deadline whenMinContributionsofTargetTokenmust be supplied into the contract. Split state goes fromActivetoCompletedorRefundat this time (see Split State).
A daosplit can be in one of three states:
- Active: rewards can be contributed, and target tokens can be locked.
- Complete: completion condition has been met. Rewards are redeemable.
- Refund:
MinContributionwasn't met beforeExpirytime was reached. Contributions are unlocked and can be reclaimed.
When a split is Active:
Addresses can contribute TargetToken to be entitled to a share of the final reward pool proportional to their share of the contributed TargetToken.
Addresses can contribute any ERC20 to the rewards pool.
When a split is Refund, contributors of both TargetToken and Rewards can retrieve their supplied tokens.