Simple DAO with ERC20 Voting Mechanism

This project showcases a basic implementation of a Decentralized Autonomous Organization (DAO) using an ERC20 token as a voting mechanism. The ERC20Votes extension is used to track and manage voting power.

Key Features

• Governance through ERC20 Tokens: Token holders can participate in governance by voting directly or delegating their voting power to others.
• Proposal Creation: A minimum of 1,000 tokens is required to submit a proposal.
• Voting Options:
  • For: Support the proposal.
  • Against: Oppose the proposal.
• Proposal Approval Criteria:
  • A proposal must have more For votes than Against to pass.
  • A quorum of 30% of the total token supply is required for a proposal to succeed.

Protocol Structure

• GovernanceToken.sol: Implements the ERC20 token used as the governance token, with support for voting power management via the ERC20Votes extension.
• Governor.sol: Contains the core governance logic, handling:
  • Creation of proposals
  • Voting processes
  • Managing proposal stages, including queuing and execution.
• Timelock.sol: Enforces a delay period after a proposal passes before it can be executed, ensuring a review window and safeguarding the protocol.

Proposal Lifecycle

1. Voting Delay: A proposal undergoes a 2-day delay period before voting can commence.
2. Voting Period: A 3-day window during which users can cast their votes.
3. Outcome Determination:
   • If the proposal fails to meet the required criteria, it is marked as defeated.
   • If successful, a 2-day timelock period follows, providing time for review before execution.
4. Execution: Upon completion of the timelock, the proposal can be executed. Proposals that are not executed within 14 days will expire.

A designated guardian address has the authority to cancel a proposal at any stage before execution.