Choosing to create a DAO on Polygon is a great way to save money and time for your members, because Polygon has lower gas costs and faster transactions than Ethereum. It only takes a few minutes to launch your DAO on Polygon and start working toward your mission today!
In this guide, we’ll walk through the steps to create a DAO on Polygon using the Aragon App!
Got to app.aragon.org to get started! You’ll land on this homepage.
Click “Connect Wallet” in the top right corner and choose from the options to connect.
Select the “create a DAO” button to get a preview of the steps you’ll take when building your DAO on Polygon.
You’ll see a preview of the four steps you’ll take to create your DAO. Click “Build your DAO” to continue.
Now, choose Polygon as your blockchain.
In this step you’ll name your DAO, upload a logo, and add a brief description. These will appear publicly on your DAO dashboard. You can also add links, such as ones to your Discord, Twitter, or Lens. You can change these settings later with a vote in your DAO.
Next, you’ll decide how you want to define DAO membership: token holders or multisig members. For help deciding if you should choose token holders or multisig members, read this guide to better understand the pros and cons of each.
If you choose token holders, you’ll give your token a name and symbol. Then, you’ll choose how many to mint and which wallets to distribute them to. You can always mint more tokens with a proposal in the future.
You will also choose who can create proposals. If you minted tokens, you can gate proposal creation to the number of tokens a wallet holds.
If you choose multisig members, you’ll paste in the wallet addresses you’d like to add. You can also gate proposal creation to just multisig members.
Now, select the settings that will determine how voting works in your DAO.
Support threshold is the percentage of tokens that need to vote “yes” for a proposal to pass. This is typically set at 50%, a majority.
You’ll also set minimum participation, which is the percentage of tokens that need to participate in a vote for it to be valid. This is typically set at 15% or less, unless your DAO members are very engaged in votes.
Minimum duration is the minimum amount of time a proposal can be live. You can always set the duration to be higher when you create proposals, but you can’t go below the minimum duration.
You will also choose to enable early execution, which means the vote can execute before the duration time ends as long as it has sufficient support and participation.
If you disable early execution, you can choose vote change, which allows voters to change their vote during the voting period.
The only governance setting you need to choose is the minimum approval, which is the number of addresses that need to approve a transaction for it to pass. For help setting your governance thresholds, check out this guide.
Now that you’ve completed all the steps, check to make sure all the settings are correct. The only settings that are not changeable with a vote after you deploy are the blockchain you choose and the token you mint.
When you’ve checked the box in each section confirming that the values are correct, click “Deploy your DAO.”
To deploy your DAO, you’ll need to pay the gas fees associated with the Polygon blockchain, which are typically less than a dollar. You will need to sign a wallet transaction and wait for it to confirm.
Your DAO is live! Check out the homepage, which is the home base for all your DAO members to vote, create proposals, add DAO members, and more.
Now, you can explore your DAO and start working toward your mission!
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