MyGovernor DAO

MyGovernor is a simple Decentralized Autonomous Organization (DAO) built using the OpenZeppelin Governor contracts. It allows token holders to create and vote on proposals, which can then be executed if they reach a certain quorum and pass the voting process.

Features

• Token-based voting: Token holders can vote on proposals based on their token balance.
• Customizable settings: Voting delay, voting period, and proposal threshold can be adjusted.
• Quorum requirement: A minimum quorum (4% of total token supply) is required for a proposal to pass.
• Timelock control: Approved proposals are sent to a timelock contract for execution after a delay.

Contract Details

The MyGovernor contract inherits from the following OpenZeppelin contracts:

• Governor: The base Governor contract that provides the core functionality for creating and managing proposals.
• GovernorSettings: Allows customization of various settings like voting delay, voting period, and proposal threshold.
• GovernorCountingSimple: Provides simple vote counting mechanism where each account has one vote.
• GovernorVotes: Enables token-based voting where voting power is determined by token balance.
• GovernorVotesQuorumFraction: Enforces a minimum quorum of 4% of the total token supply for a proposal to pass.
• GovernorTimelockControl: Integrates with a timelock contract to enforce a delay before executing approved proposals.

The contract constructor takes two parameters:

• _token: The address of the token contract that will be used for voting.
• _timelock: The address of the timelock contract that will handle the execution of approved proposals.

Usage

1. Deploy the MyGovernor contract, passing the address of the token contract and the timelock contract.
2. Token holders can create new proposals by calling the propose function, specifying the target addresses, values, function calldata, and description.
3. Proposals enter a voting period after a specified voting delay (currently set to 1 block).
4. During the voting period (currently set to 1 week), token holders can vote on the proposal using the castVote function.
5. If the proposal reaches the required quorum (4% of total token supply) and has more votes in favor than against, it is considered successful.
6. Successful proposals are sent to the timelock contract for execution after a specified delay.

Note: The MyGovernor contract assumes the existence of a compatible token contract that implements the IVotes interface for token-based voting. Make sure to deploy and configure the token contract before deploying the MyGovernor contract.

License

This contract is released under the MIT License.# foundry-dao-f23