# Kokonut DAO's Move to Moloch V3 👹 *A New Era for Kokonut Network: Everything You Need To Know!* By [Kokonut Network](https://paragraph.com/@kokonut) · 2023-09-11 daos, molochdao, daohaus, governance --- TLDR ---- In our journey at Kokonut Network, we've always been early adopters, seeking innovative solutions in the ever-evolving Web3 landscape. Since December 2021, we've relied on [DAOHaus V2](https://app.daohaus.club/dao/0x64/0xffe8a8ec2477390c6b97074f44326fac24d7f6dd) to facilitate our governance and decision-making processes. In this blog post, we'll not only explore the exciting new features that DAOHaus V3 brings to the table, but also provide insight into the strategic reasoning behind our decision to make this significant upgrade. This upgrade empowers Kokonut Network with more **flexibility**, **customization**, and **scalability**. It's about aligning our [principles](https://kokonut.network/dao) of community-first, freedom of work, and freedom of access with cutting-edge technology. Our DAO is not just about planting coconuts; it's about **shaping the future** of decentralized communities. [Join us](https://link3.to/kokonutnetwork) in this exciting new era as we explore the endless possibilities of DAOhaus V3. ### Table of Content 1. **What is the Moloch Framework?** 2. **Why Choose DAOHaus V3?** 3. **New Features** 4. **Ragequit** 5. **Gnosis Safe Integration** 6. **Token Upgradability and Ownership** 7. **Token Interfaces** What is the Moloch Framework? ----------------------------- Moloch Framework is a term that refers to a set of [**smart contracts**](https://ethereum.org/en/developers/docs/smart-contracts/) that make decentralized autonomous organizations (DAOs) work. These contracts are like the **rules and systems** that govern how a DAO operates. It's kind of like the **operating system** for a DAO. In a Moloch DAO, **membership is a big deal**. You can't just join one; you need an existing member to invite you and vouch for you by sponsoring and voting on a membership proposal. **Membership is tracked using shares and loot**. Shares give you voting power, meaning you have a say in the decisions the DAO makes. Loot represents a claim to the DAO's money, but it doesn't give you voting power. Moloch DAOs have many security features. For example, they can turn off the ability to transfer shares or loot, which helps prevent **people or bots** from buying or trading them like assets. This is a **security measure** to protect the DAO. One more thing, Moloch Framework is [**open-source**](https://github.com/HausDAO/Baal), which means the code that makes it work is freely available for anyone to use. This makes it more secure, user-friendly, and adaptable to the needs of different **communities**. ![](https://storage.googleapis.com/papyrus_images/614e230009a6aaed4acad839c7deabc1.jpg) Governance Layer [_“ANATOMY OF A MOLOCH V3 DAO IN DAOHAUS”_](https://daohaus.club/moloch) * * * ![](https://storage.googleapis.com/papyrus_images/0625aea2d0b2a5b637d813380a8cb8e3.jpg) Transaction Layer [_“ANATOMY OF A MOLOCH V3 DAO IN DAOHAUS”_](https://daohaus.club/moloch) * * * ![](https://storage.googleapis.com/papyrus_images/9181461f7ed6f87ac3ac4127e8a8708e.jpg) Execution Layer [_“ANATOMY OF A MOLOCH V3 DAO IN DAOHAUS”_](https://daohaus.club/moloch) * * * Why Choose DAOHaus V3 --------------------- DAOHaus V3 represents a significant leap in DAO management and governance. With a plethora of new features and enhanced flexibility, it provides tailored solutions for a wide range of decentralized organizations. Here's why DAOs, including [**Kokonut Network**](https://link.kokonut.network/dao), are choosing DAOHaus V3: **Treasury Management:** DAOHaus V3 offers robust treasury management capabilities, allowing organizations to co-manage and disburse funds efficiently. **Versatile Governance:** Share-based voting and flexible proposal execution empower DAOs to make a variety of decisions, from managing assets to membership-related matters. **Member Protections:** The introduction of grace periods and the “Ragequit” functionality ensures that individual members have options to protect their investments and exit gracefully when disagreements arise. **Community Development:** DAOHaus is [community-owned](https://discord.gg/daohaus) and operated, fostering active participation in the ecosystem's growth and development. New Features ------------ > **Growth and Decentralization:** DAO contributors will benefit from a range of new features aimed at improving growth and decentralization. > > These updates will make it easier for contributors to get involved in the DAO and contribute to its success. ### Fractional Ownership This feature gives members more **precise control** over how much they own within the DAO. It's like owning a part of something rather than the whole. For instance, you can **own a fraction of a Coconut Tree**. This flexibility makes it easier to get involved with Kokonut DAO, as you don't need to own entire Kokonut Shares to participate. ### Shares and Loot as ERC-20 Tokens Both shares, representing economic and voting rights, and loot, representing economic rights, have transitioned into ERC-20 tokens. This transition ensures complete **compatibility and composability** with other ERC-20-based applications and protocols. Furthermore, DAOs gain the capability to independently toggle the transferability of shares and loot, providing them with enhanced flexibility in managing their governance and economic assets. > **Voting** = `Kokonut Shares` 🧬 **Contract** [0xc6B075AC3234a7ac729114b27370B552FA284690](https://gnosisscan.io/address/0xc6b075ac3234a7ac729114b27370b552fa284690) > > **Non-Voting** = `Kokonut Loot` 🧬 **Contract** [0x2508a11aee11ad545bae87cd42131c04613b2099](https://gnosisscan.io/address/0x2508a11aee11ad545bae87cd42131c04613b2099) > > **Token Tickers** = ([vKKN](https://gnosisscan.io/token/0xc6b075ac3234a7ac729114b27370b552fa284690)) & ([nvKKN](https://gnosisscan.io/token/0x2508a11aee11ad545bae87cd42131c04613b2099)) ### Vote Delegation and Signature Support DAOHaus V3 extends its support for vote delegation and signatures, similar to the functionality seen in the [Compound Governor](https://docs.openzeppelin.com/contracts/4.x/api/governance#Governor) system. Members can delegate their voting power to others, enhancing scalability while retaining a robust governance ecosystem. ![](https://storage.googleapis.com/papyrus_images/e4372d8564366f30b8cd3fd77743c6ad.gif) 1-Click Vote Delegation ### Shamans and Extensibility In V3, the concept of shamans is introduced, which are external contracts that DAOs can endorse for specific permissions. Manager shamans gain the ability to mint and burn shares and loot without relying on a DAO proposal, enabling **trustless onboarding**. Additionally, governor shamans can make adjustments to governance parameters without necessitating a DAO proposal, streamlining the decision-making process. ### Governance Parameters In V3, DAOs gain the ability to adjust all governance parameters through proposals, offering a **high degree of control** over essential settings. This flexibility extends to governor shamans if appointed by the DAO, ensuring adaptability to evolving circumstances and the optimization of governance structures. ![](https://storage.googleapis.com/papyrus_images/e69d4a9f841e51d825286a9d24a87597.png) [Kokonut DAO Actual Governance Parameters](https://admin.daohaus.club/#/molochv3/0x64/0x8977c56e979f0d8b76afb5ad85549acd2e96422d/settings) > **"New Offering"** feature is designed to prevent unnecessary or spammy proposals. It works by requiring individuals to pay a fee in the form of the DAO's native asset, which is then added to the DAO's treasury. This helps filter out proposals that may not be serious or valuable to the organization. > > **"Quorum"** refers to the minimum percentage of members' voting power needed to approve a proposal so that it can become a real action or decision. This quorum percentage plays a crucial role in how a DAO functions. Initially, after the DAO is created, this percentage is set, but it can later be changed through a proposal made by the DAO members. It's an important parameter that impacts how easily decisions are made within the DAO. > > **"Minimum Retention %"** represents the highest percentage of DAO members, including those with voting and non-voting stakes, that must continue to be part of the DAO after a grace period. If the number of members drops below this percentage, the proposed action or decision is not carried out. It's a way to ensure that a certain level of member participation is maintained for proposals to take effect. > > **"Sponsor threshold"** is the minimum number of voting stake tokens that a member must possess in order to support or endorse a proposal. This rule ensures that only members with a certain level of influence in the organization can propose or back specific ideas or decisions. ### Flexible Proposals In V3, Moloch DAOs benefit from the capability of executing arbitrary actions within proposals. This eliminates the need for funds to be transferred into a Minion for specific actions, streamlining **governance** processes and enhancing **efficiency**. Furthermore, proposals in V3 are multi-send compatible, enabling the bundling of **multiple actions** into a single proposal for added convenience and simplicity. ![](https://storage.googleapis.com/papyrus_images/cea28984c6688ad4a78eefc208005164.gif) Ragequit -------- ![](https://paragraph.xyz/editor/callout/important-icon.png) Only those communities who are willing to be **held accountable** for their actions are **brave enough** to implement ragequit. Don’t disappoint us. [_Moloch V3 Docs_](https://moloch.daohaus.fun/features/ragequit)_._ Ragequit, the distinctive feature of Moloch DAOs, introduces advanced capabilities. Share and loot holders gain the freedom to select the tokens they receive during a Ragequit, eliminating the prerequisite of token whitelisting. This enhancement not only elevates the **user experience** but also amplifies the versatility of Moloch DAOs. Ragequit in DAOs refers to a member leaving a DAO, typically due to frustration or disagreement. This **exit option** is essential because it allows members to **withdraw their share of the assets** before a proposal is enacted, even if the majority approves it. It's like a **safety valve**, ensuring that members have a say and can protect their interests. The '**right to exit**' in DAOs is crucial. It should be clearly defined in the DAO's rules and embedded in its core technology. Members should have the freedom to leave the DAO whenever they wish, without facing penalties. This process should be straightforward and efficient. ![](https://storage.googleapis.com/papyrus_images/3045f974a4581d8412b75407b29bf0a9.gif) 1-click Ragequit Flow > In Moloch DAOs, ragequit is a valuable feature. It lets members exit and take their portion of the funds with them. This prevents members from feeling trapped and encourages collaboration. It's a powerful incentive for members to stay and work together to avoid someone resorting to ragequit. Gnosis Safe Integration ----------------------- Moloch DAOs can seamlessly utilize a Gnosis Safe as their treasury, leveraging the [Zodiac Standard](https://zodiac.wiki/index.php/Introduction:_Zodiac_Standard) for enhanced functionality. This integration caters to a diverse array of on-chain assets, encompassing ERC-20 tokens, ERC-721, ERC-1155, veTokens, native coins, and beyond. Notably, it simplifies the transition from multisig wallets to DAOs and fosters effortless migration between various DAO frameworks, all without the necessity of funds relocation. > Kokonut DAO `Treasury Contract`: [0xeb55b75328a8dffd45bbf34b7e7efc431a179085](https://gnosisscan.io/address/0xeb55b75328a8dffd45bbf34b7e7efc431a179085) > > Kokonut DAO `Treasury Safe`: [gno:0xeB55b75328a8dFfd45Bbf34B7e7efC431A179085](https://app.safe.global/balances?safe=gno:0xeb55b75328a8dffd45bbf34b7e7efc431a179085) Token Upgradability and Ownership --------------------------------- In V3, both loot and shares tokens have evolved into upgradable ERC-20s. This upgrade empowers DAOs with the ability to propose **token upgrades or ownership changes**, thereby enhancing their flexibility and adaptability for evolving governance strategies. Token Interfaces ---------------- DAOs often interact with different types of tokens and technologies. These interactions are essential for their functioning. Here are some of the interfaces and technologies that DAOs, like [Baal](https://moloch.daohaus.fun/), may use: 1\. [**ERC-20**](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/): This is a common standard for tokens on the Ethereum blockchain. Baal uses it for shares and loot, which are like digital assets that DAO members hold. These tokens can be paused, making them temporarily unusable if needed. 2\. [**EIP-2612**](https://eips.ethereum.org/EIPS/eip-2612): Baal's shares also support something called EIP-712-style approvals. This feature allows for more efficient and secure transactions. It means you can do things like paying transaction fees in tokens (including Baal shares) instead of the native cryptocurrency, ETH. 3\. [**EIP-1167**](https://eips.ethereum.org/EIPS/eip-1167): This is about something called a “Minimal Proxy Contract.” It's a way to create new contracts with minimal overhead. Think of it as a template for creating other contracts. 4\. [**Gnosis Zodiac**](https://zodiac.wiki/index.php/Introduction:_Zodiac_Standard): This is a set of tools and principles that help DAOs work together more easily. It's like a common language that different DAOs can use to understand each other and work together smoothly. Conclusion ---------- DAOHaus V3 represents a monumental leap in the realm of decentralized autonomous organizations. With its features and adaptability, it empowers DAOs to function more **efficiently** and **effectively** than ever before. Kokonut Network is thrilled to be at the forefront of this technological advancement, and we eagerly anticipate harnessing its potential to advance our [mission](https://kokonut.network/about) of fostering sustainable agriculture and **community-driven** solutions. ![](https://paragraph.xyz/editor/callout/information-icon.png) Made with 💚 by AI & Humans, crafted with a neutral tone for non-tech audiences. [Collect](https://paragraph.xyz/@kokonut/sH1MH8Oddn17QZ8P9kdC) ### Join our next events to learn more about Kokonut Network > [As Seen On](https://link.kokonut.network/press) database for past events. * Kokonut Network AMA & Workshop @ [Huddle](https://app.huddle01.com/nif-ldsj-coz), **26 September 2023** at **11:00 AM EST** * Kokonut Framework Showcase @ [Discord](https://link3.to/e/P5kraa), **October 10, 2023 11:00 AM—1:00 PM EST** > Check our [Web Calendar](https://link.kokonut.network/webcalendar) or **1-click add** our [Public Events](https://link.kokonut.network/calendar) to your favorite Calendar App. ### References [ ![](https://images.mirror-media.xyz/publication-images/mO2WOfK6ciLBbx-xrW8hh.jpeg?height=764&width=1528) https://daohaus.mirror.xyz How the devil do I use a Moloch DAO? ------------------------------------ In this 2nd part of our series about Moloch DAOs, we'll cover ten governance patterns enabled by Moloch DAOs. ](https://daohaus.mirror.xyz/9zJrqvsPGwwqrz89Eea6RdsBd8ba9ZG0oCjY05_BXsY) [ ![](https://images.mirror-media.xyz/publication-images/aj_F63FM-1ZCuZ66nL23s.png?height=1421&width=2842) https://daohaus.mirror.xyz DAOhaus V3: The Protocol for Purpose-Driven Governance ------------------------------------------------------ Introducing DAOhaus V3 and PublicHaus ](https://daohaus.mirror.xyz/bcJCN2H7vow6xRE977A4pTWUNR0vqrgTscFLtu2ttn8) [ ![](https://docs.daohaus.club/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fdaohaus-logo-big.ab2b2e5e.png&w=750&q=75) https://docs.daohaus.club Welcome to DAOhaus v3 - Nextra ------------------------------ Congratulations, you've found DAOhaus v3, the coding-is-optional platform for creating and managing Moloch DAOs. DAO Operators DAO Operators are anybody who wants to use the DAOhaus platform to create and manage their DAO. DAO Developers DAO Developers are anybody who wants to learn and build on the DAOhaus platform. ](https://docs.daohaus.club) [ ![](https://moloch.daohaus.fun/baal.gif) https://moloch.daohaus.fun Baal 👺 | Moloch v3 ------------------- Baal sets the season, and gives forth His voice from the clouds. ](https://moloch.daohaus.fun/) [ ![](https://zodiac.wiki/images/5/5d/Zodiac-protocol.jpg) https://zodiac.wiki Introduction: Zodiac Standard ----------------------------- The expansion pack for DAOs, Zodiac is a collection of tools built according to an open standard. The Zodiac open standard enables DAOs to act more like constellations, connecting protocols, platforms, and chains, no longer confined to monolithic designs. ](https://zodiac.wiki/index.php/Introduction:_Zodiac_Standard) --- *Originally published on [Kokonut Network](https://paragraph.com/@kokonut/kokonut-dao-molochv3)*