This article details how to deploy a Collective mode Venture DAO. Before you deploy one, read the introduction to Collective mode (including how it works) carefully to make sure Collective mode is really right for you.

First of all, enter the Explore page of DAOSquare Incubator, and click the Summon a DAO button in the upper right corner of the page to enter the selection page of different DAO modes, as shown in the figure below:

You can deploy three different modes of DAOs by clicking on various cards. Click on the Collective card, and the page will jump to the summon page of the Collective DAO. From there, you can set up and deploy your DAO, as shown below:

Fill Out The Form

To deploy a Collective DAO, you need to complete the following settings categories. Some are required, and some are optional:

• Chain
• Account
• Fund
• Member Limit
• Member Eligibility
• Governance Voting
• Redemption Fee
• Scout Fee & Carry

Chain

You need to choose which network to deploy your DAO on. Currently, DAOSquare supports only Base and the Base Sepolia test network for testers. It's important to note that once your DAO is successfully deployed, you won't be able to change the network. Consider this carefully or discuss it with your team before making a final decision.

Account

The Account is your DAO's unique name on the DAOSquare Incubator, similar to an ID, so it cannot be repeated. Currently, once your DAO is successfully deployed, you won't be able to modify the Account. However, DAOSquare Protocol reserves modifiable features that will be available in the future, allowing you to modify your Account at that time.

The Account supports multiple languages, spaces, and symbols. Maximum 32 characters.

Fund Currency

Fund Currency is the currency you want to raise funds in and its token address. This token address must be on the same blockchain as the DAO. For example, if the DAO is deployed on the Base chain, then the currency you are raising should also be the token address on BASE.

Member Limit

You can Limit the maximum number of DAO members by using Member Limit.

It is important to note that the Member limit of Collective and the Investor Limit of Vintage and Flex are defined differently. The Investor Limit refers to the maximum number of investors during a single fundraising for a fund or a specific project. On the other hand, the Member Limit is the maximum number of members in the DAO, which means that even the Summoner of Collective will be counted as a member even without a deposit. Additionally, the Collective is an open-ended that can flexibly raise funds multiple times, and during each fundraising, the Member Limit will count the existing members.

The Member Limit is an optional feature you can enable or disable via a toggle. Turning it off means there is no limit to the number of Members a DAO can have. The Member Limit supports updates, so you can modify it with a proposal even after your DAO is deployed.

Member Eligibility

In the Collective DAO, everyone has the same scope of rights and obligations, and all members are the Governor and Investors at the same time (except Summoner is definitely a Member with Governor role but may not be Investor). All members have the right to participate in the operation and maintenance of the DAO as well as specific investment decisions.

There are Three ways to become the Member of a Collective DAO:

• The DAO deployer (Summoner) automatically becomes a member after deploying the DAO.
• After the successful deployment of DAO, through the Fundraising proposal for open recruitment of members, those who meet the Member Eligibility will be eligible for advance deposit. Those successfully allocated an investment share after the fundraising ends will become DAO members.
• After the DAO is successfully deployed, a Member can nominate others to become a Member through the Member-in proposal. This requires other Members to vote for approval to successfully join.

The Member Eligibility component helps the DAO set criteria for becoming a Member nominee. When a Member proposes a Member-In proposal to nominate someone, only individuals who meet the eligibility criteria (such as holding an NFT) can be considered nominees. Once the proposal is submitted and approved through voting, the nominee becomes a Member of the DAO. Member Eligibility specifically applies to the submission of the Member-In proposal. The image below shows the parameters set for Member Eligibility:

In DAOSquare Incubator, Eligibility is a very important component of Venture DAO, which can help DAOs of different modes to manage the entry barrier for their roles. Please see Eligibility to understand how specific parameters are introduced and how to use them.

Member Eligibility is an optional feature that you can turn on or off with a toggle. Turning it off allows any nominee (wallet address) to be verified and submitted when the Member-In proposal is submitted. Member Eligibility supports subsequent updates, meaning that even after your DAO is deployed, you can still modify all parameters of Member Eligibility through the Member Eligibility proposal.

Governance Voting

In Collective DAO, Governance Voting defines the decision-making mechanism of DAO in matters such as investment decisions, eligibility, and DAO contract upgrades. All Members have the right to vote, but voting power depends on the amount of Deposit. Governance Voting applies to all governance and investment decision proposals of Collective DAO.

The Governance Voting setting consists of six parameters: Voting Asset, Weight Algorithm, Support, Quorum, Voting Period, and Investment Grace Period.

The following table provides a brief description of these parameters.

See the Voting System for a detailed introduction to the voting system of DAOSquare Incubator.

Redemption Fee

The redemption fee is a fee that DAO requires from investors who choose to redeem their deposits, and its purpose is to compensate for the management cost of the instability of DAO funds caused by the withdrawal of investors.

The redemption fee is received by all the Members in the Collective DAO. The payer of the redemption fee is the Member of this DAO who redeem the deposit. The redemption fee is charged when the investor successfully redeemed.

The redemption fee amount is a percentage of the requested redemption amount (the percentage is set by the DAO and ranges from 0 to 100%). The net redemption amount, the final redemption amount received by the investor, is equal to the requested redemption amount less the redemption fee.

See the for a detailed introduction to the Redemption Fee.

Scout Fee & Carry

Scout Fee & Carry is a fee requested by the proposer of an investment proposal to the investors participating in the DAO investment, that is, the required reward for providing the investment opportunity. Scout Fee and Scout Carry payers are all investors participating in the DAO, that is, all members of the Collective DAO.

See the Fee & Carry for a detailed introduction to the Scout Fee & Carry.

Submit And Deploy

Once you have completed these Settings, you can click the "Submit" button to submit the deployment request, and when you confirm the transaction in the wallet and execute it successfully, congratulations, your DAO deployment is successful! You can access your DAO by clicking "View" in the prompt window. You can also find it on the "Explore" page.

On this page

• Fill Out The Form
• Chain
• Account
• Fund Currency
• Member Limit
• Member Eligibility
• Governance Voting
• Redemption Fee
• Scout Fee & Carry
• Submit And Deploy