Ink Finance Guide v2
  • Welcome to Ink Finance
  • Getting Started
    • Network and Wallet
      • For Testnet Users
      • Wallet and Assets
    • Role Selection
      • DAO Manager
      • DAO Member
    • Navigating INK Webapp
      • The DAO List
      • The DAO Dashboard
  • DAO Creation
    • Governance Token vs. Badge
    • Create a New DAO
      • DAOs with Governance Token
        • Set up New Staking Engine
      • DAOs without Governance Token
  • For Managers
    • At the Board-level
      • Configure Committees
        • Treasury Committee
          • Treasury Setup
          • Auditable Incomes
          • Change Treasury Manager
        • Community Committee
          • Community Management Setup
          • Social Resources Setup
          • Change Community Manager
          • Remove Community Board
        • Investment Committee
          • Investment Management Setup
          • Change Investment Manager
          • Remove Investment Committee
        • Funding Committee
          • Funding Management Setup
          • Change Funding Manager
          • Remove Funding Committees
      • Make Proposals
        • Off-chain Proposals
        • Change Governance Rules
        • Merger & Acquisition
  • At Committee-level
    • Treasury Operations
      • Payroll Setup
      • One-time Payment
      • Direct Transfer
      • Sign Payment
      • Audit Incomes
    • Community Operations
      • Set up Airdrop
      • Sign Airdrop
      • Poll & Survey
    • Investment Operations
      • Administration
        • Set up Fund
        • Launch & Start Fund
        • Dissolve Fund
        • Allocate Fees
      • Trading
        • Introduce Assets
        • Initiate Trade
        • Distribute Dividends
        • Deposit Income
      • Approving
        • Approve Assets
        • Approve Trade
      • Liquidate Fund
      • Audit
    • Funding Operations
      • Set up Funding Product
      • Launch & Start
      • Manage Product
      • Distribute
      • Dissolve
  • For All Members
    • All Proposals
      • Open for Vote
        • Cast Votes
        • Tally Votes
      • Resolutions
        • Execute Off-chain Resolutions
        • Execute On-chain Resolutions
      • Failed Proposals
    • DAO Activities
      • Governance Rules
      • Treasury Activities
        • Treasury Balance
          • Deposit to Treasury
        • Payment History
        • Income History
        • Audit Reports
      • Community Activities
        • Airdrop History
        • Polls & Surveys
      • Investment Activities
        • Open for Investment
        • Funds in Operation
        • Matured Funds
        • Failed Launch
      • Funding Activities
    • Member Activities
      • Collect Pay
      • Staking & Pledging
      • Management Record
      • Voting Record
      • Your Investments
      • Verify Identity
  • The White Paper
    • 🔎Ink Finance White Paper
  • More Readings
    • The INK Modules
    • Unified Custodian Vault
    • InkEnvelope
    • QUILL Utilities
    • QUILL Allocation
    • Ink Economy Rules
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  1. DAO Creation
  2. Create a New DAO
  3. DAOs with Governance Token

Set up New Staking Engine

The "stake to govern" mechanism requires that a typical main DAO's creator create a Staking Engine to support the entire ecosystem's governance. Sub DAOs will share this engine.

Before creating a new Staking Engine, there are a few things to consider:

The governance token. They must be minted by the ecosystem on the local blockchain. Ink Finance does NOT mint these tokens because they are the most critical resource of an organization.

The staking reward emission. There must be sufficient governance tokens in the DAO creator's wallet to be extracted to the Staking Engine. Make sure that using these tokens as govenrnace reward is in line with your overall tokenomics.

Life duration for staking. For a new Staking Engine, the DAO creator must decide how long (years) the staking program should last (the total staking reward emission is used to cover the entire period).

Emission curve. The emission curve determines how the entire staking reward pool is emitted on a daily basis, over the entire life during of the staking program. The default curve is daily linear emission.

Staking terms & weights. A DAO’s member can choose to lock up the staked position for different periods (called Terms), and each Term carries a weight of receiving emission rewards and governance rights. The DAO creator can determine the length of each Term (days, weeks, months, or years) and their corresponding weights. The default setting has only one Term, which is 1-Day.

Penalty of early termination. A staker can choose to early terminate a Termed staking position, which will cause a a penalty that is the forfeit of the accrued rewards and a deduction from the deposited principal.

Inputs to the above parameters will be presented in a separate window during the DAO creation process.

Screenshot of new staking creation screen

When the DAO is successfully created, so will the Staking Engine. Creators of the sub DAOs in your ecosystem who want to share this Staking Engine can find it when they create the sub DAOs.

Screenshot of selecting existing staking

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Last updated 2 years ago