🎓Glossary of Terms
Useful Terms
| Term | Definition |
|---|---|
A principled set of conditions that must be carried out in order to pass a proposal. | |
An attempt to perform an Action with a Swarm which only occurs after consensus is reached. | |
Votes are casted by members of a Swarm to determine the outcome's of proposals. | |
Hive | A Swarm's page that you use to interact with your Swarm. |
Members Table | The list of members in a Swarm- Found under the "Voters" menu of any swarm. |
LP Token | A Liquidity Provider Token received when a DAO adds liquidity to A DEX. |
Liquidity | Storing assets in Liquidity Pools at a DEX |
DEX | Decentralized Exchange |
KDS | KDS DEX |
KDX | KDX DEX |
DAO | Decentralized Autonomous Organization |
Gas | Kadena Miner/Transaction Fee |
There are 4 types of DAO's at Swarms.Finance- Equal / Weighted / Controlled / Custom. Each DAO type functions a little differently. | |
The % of members or weight required to pass a proposal. | |
The % of Weight required to pass a proposal. | |
The % of members required to vote in order to pass a proposal. | |
Weight | Voting Power in a Weighted DAO. In a Weighted type DAO members gain Weight when they deposit assets into the Swarm. |
Total Weight | A Weighted Type DAO's total amount of weight from all member deposits. |
The number of proposals a member can make per day in a Swarm. | |
The minimum amount of time a proposal must run, allowing people to vote, before it expires at a Swarm. | |
A DAO that represents a true democracy where everyone is equal, has equal voting power, and can create proposals. Consensus is achieved when a certain number of Swarm members vote for a proposal. | |
A DAO where members have more voting power depending on their deposits made into the DAO. All members can create and vote over proposals. Consensus is reached when a certain amount of Weight and Members vote for a proposal. | |
A DAO focused around a leader, the Swarm Creator. The Swarm Creator has special permissions and can add/remove members at anytime. The Swarm Creator must pick which members are allowed to create proposals. Consensus is reached when a certain number of members vote for a proposal. | |
A DAO with a hierarchy of roles and permissions. Some members may be able to vote and create proposals over some things, while others may not depending on their Role. Consensus is reached when a certain number of members vote for a proposal. | |
In a Controlled DAO, roles are what allow Swarm members to perform Swarm Actions. A role may or may not be able to create a proposal for a Swarm Action, or vote for a Swarm Action, or both. | |
A Task/Operation that is executed after a proposal is created and consensus is reached by the Swarm. | |
Proposal Permissions | The ability for a Swarm member to create proposals. |
Grant Permissions | Granting special permissions to a Swarm member so they can create proposals at a Controlled Type DAO. |
Custom Action | A Custom Swarm Action that was not created by Swarms.Finance. |
A DAO built at Swarms.Finance. | |
The first person who sets up the Swarm- In a Controlled DAO the Swarm Creator has special abilities. | |
A DAO account that holds a specific asset. | |
Chain | A Kadena chain |
Multichain | Existing on multiple chains |
To copy a Swarm to another chain. | |
Poll | A multi-choice proposal. |
A message posted to a Swarm's message board. | |
Account | Your Account at DAO- You can be added to multiple DAOs. |
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