Installation of contracts through DAO suggestions: step by step
DAO (Autonomous Decentralized Organization) as an operator, the installation of intelligent contracts is essential for complex decisions and trade on the platform. One of the general approaches for the installation of contracts through DAO proposals is the use of DAO proposals with the ability to carry out Byticid instructions. In this article, we go through the process of installation of contracts in a compound, a popular protocol defi (financial decentralized).
General description of DAO suggestions
DAO’s proposal presents a contract for contractual installation to the management committee or DAO members using a proposal template. After approval, the DAO operator executes the contract proposed in the block chain.
Composition: A simple example of the DAO proposal to install contracts
To show how to install a contract in a compound through a proposal, consider a simple example:
Suppose there is a decentralized exchange (DEX) as the compound, and our Committee wants to create a new token to reward liquidity service providers. The next template is presented with a suggestion:
| Description requirement
| — —
| 1. Installation Agreement Install a new Token contract with the services you want
| 2. Execute bytecode instructions The contract must execute bytecode instructions at the time of installation
Step by step process
Therefore, you can install a contract through a proposal in the complex:
Step 1: Create a suggestion template
You must join the DAO Management Committee or contribute to the community to create a proposal template. Once you are a member of the Committee, you can access the DAO reservoir and create a new proposal.
- Log in the compound website ([wwwcompound.finance] (
- Navigate to the «Government» section
- Click «Suggestions» and select «Create a suggestion»
Step 2: To add requirements
Add the requirements for the installation of the contract to the proposal template. In this case, two requirements were added:
| Description requirement
| — —
| 1. Installation Agreement Install a new Token contract with the services you want
| 2. Execute bytecode instructions The contract must execute bytecode instructions at the time of installation
Step 3: Add bytecode instructions
To add bytecode instructions, you must create a contract to execute them. You can use Solidity, a programming language used for Ethereum contracts.
- Create a new solidity contract file (such as
token.sol)
- Complete the instructions of the Byte Code in the contract
- Make sure the contract is installed -e and have the appropriate bytecode instructions
Step 4: Send the suggestion
After completing the proposal template, add the contract to install the contract. Attach the solidity code to the suggested file.
- Log in the compound website ([wwwcompound.finance] (
- Navigate to the «Government» section
- Click «suggestions»
- Select the suggestion and click «Send»
Step 5: Complete the suggestion
After presenting the proposal, the DAO commission will review it. If approved, the proposed contract will be implemented in Blockchain.
Delivery by bytecode and contract installation
You must send a transaction that includes bytecode data in hexadecimal format to transfer bytecode instructions. In the compound, you can create a new transaction with the necessary bytecode data.
For example:
`Bash
Tx -f contract bytecode_data --- of
Replacey
Note : The-fromand a-to` options specify the transaction sender and the recipient.