TempCheck is a functional component specifically designed for Venture DAOs in Flex mode. In a Flex mode Venture DAO, if the TempCheck component is not used, anyone who meets the Scout Eligibility criteria can initiate an investment proposal and immediately enter the fundraising stage. When the DAO has a lot of investment resources, or the DAO wants to ensure high-quality and efficient investments, the DAO can enable the TempCheck For Investment feature, and approve the initiation of investment proposals through TempCheck Voting. If a proposal does not pass TempCheck Voting, it is automatically voided. You can use the TempCheck Eligibility component to set the TempCheck Voter, and you can also set the voting mechanism through TempCheck Voting.
TempCheck Voter & TempCheck Voter Eligibility
TempCheck Voters are the decision makers (voters) in the Flex DAO specifically for TempCheck. You can use the TempCheck Voter Eligibility to determine who is eligible to vote in a TempCheck. For example, you could deploy an NFT and gift it to some investment professionals, inviting them to become a TempCheck Voter. Or give the power to your investment community to decide whether to open an investment based on the level of interest in the investment project.
The parameters for TempCheck Voter Eligibility are set the same as for Governor Eligibility. Please see Eligibility to understand specific parameters is introduced and how to use it.
You must set TempCheck Voter and TempCheck Voting if you enable TempCheck for investments.
TempCheck Voting
TempCheck is also voting, but unlike Governance Voting, its purpose is to determine if there is enough interest in the investment. The Support and Quorum parameters only provide absolute values, not percentages. It is recommended to refer to the Voting System for a detailed introduction to the voting process.
How To Set TempCheck
There are two ways to set TempCheck for your Flex DAO.
- You can enable and set all parameters of TempCheck when you deploying a DAO.
- You can enable and set all parameters of TempCheck via a TempCheck proposal after your DAO is successfully deployed. You can also disable it if TempCheck is enabled.
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