Action Proposals

Action proposals, managed by the aibtc-action-proposal-voting contract, are predefined operations that can be executed with specific voting requirements.

Action proposals, managed by the aibtc-action-proposal-voting contract, allow DAO members to propose and vote on predefined actions. These actions are separate smart contracts that implement the .aibtc-dao-traits.action trait and must be registered with the DAO. Action proposals provide a streamlined way to perform common DAO operations, with an initial focus on enabling on-chain messaging.

Voting Parameters & Lifecycle

Action proposals follow a specific lifecycle with defined parameters:

• Approval Threshold: 66% of votes cast must be in favor (VOTING_THRESHOLD).

• Quorum Requirement: 15% of the liquid DAO token supply must participate in voting (VOTING_QUORUM).

• Initial Voting Delay (VOTING_DELAY): A period after proposal creation before voting can begin (e.g., ~1 day or 144 Stacks blocks).

• Voting Period (VOTING_PERIOD): The duration during which DAO members can cast their votes (e.g., ~2 days or 288 Stacks blocks).

• Veto Period / Execution Delay (VOTING_DELAY): A period after voting ends, equal to the initial voting delay, during which token holders can cast veto votes against a passed proposal.

• Execution Window (VOTING_PERIOD): A period after the veto period, equal to the voting period, during which a passed, non-vetoed proposal can be concluded and its action executed.

Proposal Expiry: A proposal must be concluded by calling conclude-action-proposal after its veto period has ended (execStart) and before its execution window closes (execEnd). If not concluded within this window, the proposal expires and cannot be executed.

Key Financials and Mechanisms

The aibtc-action-proposal-voting contract introduces several mechanisms:

• Proposal Bond (VOTING_BOND):

  • Proposers must lock a bond (e.g., 5,000 DAO tokens) when creating a proposal.

  • The bond is held by the aibtc-action-proposal-voting contract.

  • It's returned to the proposer if the proposal passes, is not vetoed, and the action executes successfully.

  • It's forfeited to the DAO treasury (.aibtc-treasury) if the proposal fails, is vetoed, or if the action execution fails.

• DAO Run Cost (AIBTC_DAO_RUN_COST_AMOUNT):

  • Proposers must have sufficient balance to cover a non-refundable fee (e.g., 100 DAO tokens) that contributes to DAO operational costs.

  • This fee is transferred from the .aibtc-treasury to the .aibtc-dao-run-cost contract upon proposal creation, facilitated by the aibtc-action-proposal-voting contract.

• Proposal Reward (VOTING_REWARD):

  • A reward (e.g., 1,000 DAO tokens) is set aside from the .aibtc-treasury into the .aibtc-rewards-account when a proposal is created.

  • If the proposal passes, is not vetoed, and the action executes successfully, the reward is transferred from .aibtc-rewards-account to the proposer.

  • If the proposal fails, is vetoed, or the action execution fails, the reward is returned from .aibtc-rewards-account to the .aibtc-treasury.

• Veto Mechanism:

  • Allows token holders to prevent a passed proposal from being executed.

  • Veto votes can be cast during the Veto Period (Execution Delay).

  • A successful veto requires meeting a quorum and having veto votes exceed 'yes' votes.

• Reputation Adjustments:

  • The proposal creator's reputation score in the .aibtc-dao-users extension is increased for successful proposals and decreased for failed ones.

• Liquid Supply Snapshot:

  • Voting power is determined by a voter's DAO token balance at the Stacks block height when the proposal was created (createdStx), ensuring fairness.

Available Actions (Initial Focus)

aibtc-action-proposal-voting primarily enables proposals for the .aibtc-onchain-messaging contract. While the system is designed to support various actions (any contract implementing .aibtc-dao-traits.action and registered with the DAO), this documentation will focus on the messaging action for the initial cohort.

On-Chain Messaging

Action Contract	Target Function	Description	Parameters (for send function)
.aibtc-onchain-messaging	send	Posts a verified DAO message on-chain.	msg (string-utf8 2043)

The .aibtc-action-send-message contract:

• Posts a message (up to 2,043 UTF-8 characters) that is emitted as a print event.

• The event includes metadata indicating if the message originated from the DAO (via an extension like this one) or a token holder.

• Provides a transparent and immutable way for the DAO to make official announcements or communications.

Example Parameters: The parameters argument for create-action-proposal must be a (buff 2048) containing the ABI-encoded parameters for the target action function. Initially this is the string message itself, properly encoded.

Creating and Submitting Action Proposals

Action proposals are managed by the .aibtc-action-proposal-voting contract. Here's the general workflow:

1. Prepare the Action and its Parameters

Identify the action contract (e.g., .aibtc-action-send-message) and prepare the (buff 2048) for its parameters.

;; Define the action contract and message
(define-constant TARGET_ACTION_CONTRACT .aibtc-action-send-message)
(define-constant MESSAGE_TO_SEND "Proposal for funding community grants Q4 2025.")

;; Prepare the parameters buffer for .aibtc-action-send-message (MESSAGE_TO_SEND)
;; IMPORTANT: Ensure this is correctly ABI-encoded for the target function.
(define-constant ACTION_PARAMS (to-consensus-buff? MESSAGE_TO_SEND))

2. Create the Action Proposal

Call create-action-proposal on the .aibtc-action-proposal-voting contract. The caller must have enough DAO tokens (.aibtc-faktory) to cover the VOTING_BOND plus the AIBTC_DAO_RUN_COST_AMOUNT.

(contract-call? .aibtc-action-proposal-voting create-action-proposal
  TARGET_ACTION_CONTRACT ;; The action contract principal, e.g., .aibtc-action-send-message
  ACTION_PARAMS          ;; The (buff 2048) of ABI-encoded parameters
  (some "Memo about Q4 community grants update.") ;; Optional memo (string-ascii 1024)
)
;; This call will return (ok true) on success of the transaction.
;; The proposal ID is generated internally and can be found in the emitted event
;; or by querying (get-total-proposals) on the aibtc-action-proposal-voting contract.

3. Vote on the Proposal

During the VOTING_PERIOD (after VOTING_DELAY), DAO token holders can vote. Voting power is based on their balance at the proposal's creation block.

(contract-call? .aibtc-action-proposal-voting vote-on-action-proposal
  u1        ;; The proposal ID
  true      ;; Vote 'yes' (true) or 'no' (false)
)

4. (Optional) Veto the Proposal

During the Veto Period (after VOTING_PERIOD ends and before execStart), token holders can cast veto votes.

(contract-call? .aibtc-action-proposal-voting veto-action-proposal
  u1        ;; The proposal ID to veto
)

5. Conclude the Proposal

After the Veto Period ends (i.e., at or after execStart) and before execEnd, anyone can call conclude-action-proposal. This function finalizes the proposal:

• Tallies votes and checks against quorum/threshold.

• Checks for successful veto.

• If passed, not vetoed, and not expired, it attempts to execute the action.

• Distributes the bond and reward accordingly.

(contract-call? .aibtc-action-proposal-voting conclude-action-proposal
  u1                       ;; The proposal ID
  TARGET_ACTION_CONTRACT   ;; The action contract principal (must match the one in the proposal)
)
;; Returns (ok true) if action executed successfully, (ok false) if proposal passed but action failed,
;; or if proposal did not pass/was vetoed/expired. Returns an error for other issues.

Benefits of Action Proposals

Action proposals, as managed by aibtc-action-proposal-voting, offer several advantages:

1. Defined Voting Requirements: Clear and specific voting parameters suitable for routine or predefined operations.

2. Predefined and Vetted Actions: Actions are specific contracts, limiting the scope of what can be executed and allowing for focused security reviews.

3. Streamlined Process: A clear lifecycle with defined periods for voting, veto, and execution.

4. Incentivized Participation: Proposal bonds, run costs, and rewards encourage thoughtful proposals and discourage spam.

5. Enhanced Security through Veto: The veto mechanism provides an additional safeguard against contentious or potentially harmful proposals.

6. Transparency: All proposal details, votes, and outcomes are recorded on-chain.

By using action proposals for suitable operations, the DAO can operate more efficiently while maintaining robust governance and security.