📂 Contract Architecture

# Voting (Api3Voting.sol)

Table of Contents

API3's voting app implements a simple quorum-based voting mechanism with:

  • a minimum required voting power to create a new proposal (defined in the Pool contract)
  • a minimum required quorum for passing a proposal (after a waiting period)
  • a quorum percentage to pass a proposal instantly

Proposals include an execution script, which can be executed if the proposal passes.

The API3 DAO has installed two instances of its voting app, primary and secondary versions, along with two Aragon Agents that they control. The primary commands a larger treasury and can update all DAO settings, while the secondary commands a much smaller treasury and can update some of the DAO settings.

See the Api3Voting.sol (opens new window) contract code and the Aragon contracts it inherits from.

  • BaseTemplate

# Key Functions

Signature Description
newVote(bytes _executionScript, string _metadata, bool _castVote, bool _executesIfDecided) returns (uint256 voteId) Create a new proposal in the DAO. Requires a minimum percentage of voting power (currently 0.1%).
vote(uint256 _voteId, bool _supports, bool _executesIfDecided) Vote yes or no on an existing proposal.
executeVote(uint256 _voteId) Execute a proposal, if it is ready for execution.

A proposal is ready for execution if:

  1. the proposal hasn't already been executed, and
  2. greater than 50% of all voting power has voted "yes" on the proposal,

OR

  1. the proposal hasn't already been executed, and
  2. the proposal's voting period has ended, and
  3. the total "yes" vote exceeds the "no" vote, and
  4. at least 50% (for Primary voting app proposals) or 15% (for Secondary voting app proposals) of all voting power has voted "yes" on the proposal.
Last Updated: 8/9/2022, 3:28:25 PM