Abstract This SNIP puts forward the integration of Decentralized Autonomous Organizations (DAOs) on StarkNet, aiming to empower users to participate in community-driven governance and decision-making. By leveraging smart contracts and StarkNet’s scalability, DAOs can be seamlessly implemented to foster decentralized collaboration and resource allocation.
Motivation StarkNet, with its current capabilities, primarily focuses on transaction processing and smart contract execution. Introducing DAOs enhances the platform’s functionality by allowing users to collectively manage and govern StarkNet’s future development, fund allocation, and protocol upgrades. This aligns with the principles of decentralization and community involvement.
- Smart Contract Standard for DAOs: Develop a standardized smart contract interface for deploying DAOs on StarkNet, facilitating interoperability and ease of use.
- Voting Mechanism: Implement a secure and transparent voting mechanism within DAO smart contracts, enabling token holders to participate in decision-making processes.
- Treasury Management: Integrate a treasury management system within DAOs, allowing the community to propose and vote on funding initiatives for StarkNet development or ecosystem projects.
- Staking and Governance Tokens: Introduce staking mechanisms and governance tokens that empower users based on their contributions, encouraging active participation in DAO activities.
- Gas Fee Considerations: Evaluate and optimize gas fees to ensure cost-effective participation in DAO-related activities, minimizing barriers to entry for users.
Rationale DAOs have gained prominence in blockchain ecosystems, providing a democratic and decentralized approach to governance. StarkNet, by integrating DAOs, can harness the collective intelligence of its community for decision-making, leading to a more resilient and adaptive platform.
Backwards Compatibility This proposal ensures compatibility with existing StarkNet implementations by introducing new smart contract standards without altering the fundamental transaction structure. Existing functionalities remain unaffected, preserving the integrity of the platform.
- DAO Deployment: Ensure seamless deployment of DAO smart contracts on StarkNet.
- Voting Process: Validate the accuracy and security of the DAO voting mechanism.
- Treasury Proposals: Confirm the proper functioning of treasury management, including the submission, voting, and execution of funding proposals.
Reference Implementation A reference implementation will be made available on the StarkNet GitHub repository under the branch feature/dao-integration, providing a practical example for developers and the community to follow.
Security Considerations While DAOs have been successfully implemented in various blockchain projects, thorough auditing and testing will be conducted to identify and mitigate potential vulnerabilities, ensuring the robustness of the DAO integration on StarkNet.
Copyright Waiver This SNIP is released into the public domain, fostering open collaboration and innovation within the StarkNet community.