Agora DAO as a DRep

This page includes documentation surrounding the functionality of an Agora DAO acting as a Cardano DRep.

Overview

When creating an Agora DAO, users have the option of registering the DAO as a DRep. This will allow the DAO to use ADA in its treasury to vote on Cardano governance proposals.

View more information on registering the DAO as a DRep here.

Creating a DRep Vote Proposal

1. On the Governance page, click +New

2. Select Create Agora Proposal

3. Select the template: Vote on Cardano Governance Action

4. Give the proposal a title and description

5. On the next page, paste in the Transaction ID of the transaction that was used to create the governance action on-chain. ex) f8393f1ff814d3d52336a97712361fed933d9ef9e8d0909e1d31536a549fd22f00

6. Then paste in the ID of the governance action you wish to create the proposal for. ex) gov_action1lqun78lcznfa2gek49m3ydslakfnm8heargfp8sax9fk54yl6ghsqp042zv

7. Select a stake(s) to create the proposal with

8. Sign the create proposal transaction

Voting on a DRep Vote Proposal

A Vote on Cardano Governance Action proposal has 4 possible effects:

1. Vote Yes on Gov Action

2. Vote No on Gov Action

3. Vote Abstain on Gov Action

4. Vote No Action

Whichever effect has the most votes and reaches the required execution threshold set by the DAO, will execute. If no options receive enough votes to execute, no effect will take place on-chain.

Vote Yes on Gov Action

If this effect passes, this means that the DAO's ADA balance will be recorded as a yes vote on the governance action included in the proposal.

Vote No on Gov Action

If this effect passes, this means that the DAO's ADA balance will be recorded as a no vote on the governance action included in the proposal.

Vote Abstain on Gov Action

If this effect passes, this means that the DAO's ADA balance will be recorded as an abstain vote on the governance action included in the proposal.

Vote No Action

If this effect passes, the DAO's proposal will not pass and nothing will be recorded on-chain.