🎓Glossary of Terms

Useful Terms

Term	Definition
Consensus	A principled set of conditions that must be carried out in order to pass a proposal.
Proposal	An attempt to perform an Action with a Swarm which only occurs after consensus is reached.
Vote	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
DAO Types	There are 4 types of DAO's at Swarms.Finance- Equal / Weighted / Controlled / Custom. Each DAO type functions a little differently.
Consensus Threshold	The % of members or weight required to pass a proposal.
Weighted Consensus Threshold	The % of Weight required to pass a proposal.
Required-Voter Threshold	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.
Daily Proposal Limit	The number of proposals a member can make per day in a Swarm.
Minimum Voting Time	The minimum amount of time a proposal must run, allowing people to vote, before it expires at a Swarm.
Equal Type DAO	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.
Weighted Type DAO	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.
Controlled Type DAO	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.
Custom Type DAO	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.
Role	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.
Swarm Action	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.
Swarm	A DAO built at Swarms.Finance.
Swarm Creator	The first person who sets up the Swarm- In a Controlled DAO the Swarm Creator has special abilities.
Vault	A DAO account that holds a specific asset.
Chain	A Kadena chain
Multichain	Existing on multiple chains
Yanking	To copy a Swarm to another chain.
Poll	A multi-choice proposal.
Message	A message posted to a Swarm's message board.
Account	Your Account at DAO- You can be added to multiple DAOs.