Setting Up Vesting Payments in DAO DAO
Introduction:
In this guide, we will walk you through the process of setting up vesting payments in DAO DAO. Vesting payments are a useful feature for distributing tokens over time to team members, contributors, or other stakeholders. Follow these steps to enable and create a new vesting payment:
Step 1: Go to your DAO
Navigate to the DAO DAO platform and connect account. Access your DAO.
Step 2: Create a new proposal
Click on the 'Create Proposal' button to open a new proposal creation interface.
Step 3: Provide title and description
Enter a descriptive title and a brief explanation for your proposal to enable vesting payments in your DAO.
Step 4: Select DAO Appearance category
Click on the 'Category' dropdown menu and select the 'DAO Appearance' option.
Step 5: Select Manage Widgets Action
In the 'Action' dropdown menu, choose the 'Manage Widgets' option.
Step 6: Select Vesting Payments
From the available widgets, select 'Vesting Payments'.
Step 7: Create the Vesting Contract Manager and approve the transaction
Follow the on-screen instructions to create the Vesting Contract Manager, and approve the transaction using your wallet.
Step 8: Publish and execute the proposal
Once the transaction is approved, click on the 'Publish Proposal' button. After the proposal is approved by DAO members, execute the proposal to enable Vesting Payments in your DAO.
Step 9: Access Vesting Payments
Return to the main DAO page. If you have multiple widgets enabled, click 'More', then select 'Vesting Payments'.
Step 10: Click "New vesting payment"
Click on the 'New vesting payment' button to create a new vesting payment.
Step 11: Populate the title, description, and details
Enter a title, description for the proposal and the Vesting Payment details
Provide a Title and Description for the Vesting Payment. Add the amount, specfic token, receiving wallet address, start date (in "YYYY-MM-DD HH:mm" format - This CAN be a date in the past, vested tokens from the start date are available immediately), and vesting duration.
The vesting payment can be in any token that is visible in the DAO, native, CW20 and eventually Token Factory.
Step 12: Submit the proposal
Click on the 'Submit Proposal' button to finalize your new vesting payment.
Step 13: Reviewing Vesting Payments
Click on Vesting Payments on the main DAO page. You can view current Vesting Payments, as this vesting started in the past, you can see there is already available tokens to claim, and tokens still to vest.
Clicking on the vesting shows more detailed about the Vested tokens.
You can claim and Manage staking from this pop up.
Congratulations, you’re done!