I thought it was a bit odd that you’d choose Adolf Hitler’s birthday to launch your SNS!
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Dear All,
A new proposal for launching the TACO DAO SNS has just been created:
Proposal: 136453 - ICP Dashboard
The yaml for this proposal can be found here:
For this launch, three dApp canisters will be handed over to DAO control:
dapp_canisters:
# DAO canister
- vxqw7-iqaaa-aaaan-qzziq-cai
# SNS snapshot canister
- vzs3x-taaaa-aaaan-qzzjq-cai
# Treasury/Trading canister
- v6t5d-6yaaa-aaaan-qzzja-cai
The source code for these canisters can be found in the following repository:
The SNS Snapshot Canister will take regular snapshots of the neurons of the TACO DAO SNS to determine the portfolio allocation voting power of DAO members.
The Treasury Canister is responsible for executing trades that move the DAO holdings towards the portfolio allocation members have voted for.
The DAO Canister supports member voting for portfolio allocations.
The Minting Vault and Exchange canisters will not be part of this launch, and their source code has not been published.
Please note that the DAO is no longer seeking neuron fund participation, and that the sale period has been extended from 1 to 2 weeks.
Thank you for your support and consideration!
Snassy / TACO DAO
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Proposal 136453 Observations | LORIMER
VP distribution doesn’t look so bad (relatively speaking). Interesting to see that the max dissolve delay is only one month, and only 1 week required in order to acquire VP. I’d be curious to know a bit about the motivation behind such low lockup periods for staking.
ICP to raise min: 100_000 ICP
This looks like a healthy lower bound for a decentralisation sale 
Why not?
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Dear Lorimer, thank you for your comments!
“I’d be curious to know a bit about the motivation behind such low lockup periods for staking.”
I will refer to the business side for details, but the idea is that this is only a starting setup and that one of the first orders of business for the DAO will be to discuss and propose settings that a majority agrees on.
Why not?
The minting vault and DEX were not considered mission critical and we want to at least initially focus our resources on the core components that define the DAO’s use case: The voting system that allows members to vote on a target portfolio composition, and the automatic trading algorithm that seeks to bring actual holdings in line with the target portfolio members have voted for.
We still see room for synergy with both the minting vault and the DEX, but since they are not core to the DAO’s operation it is more in line with the decentralized decision making of an SNS to allow members to discuss and decide if those are products we should prioritize engagement and investment into.
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Could you explain more about what these canisters do in relation to the other canisters. Particularly in terms of interdependencies. If the minting vault and DEX went offline, how would that affect the other canisters? If the minting vault and DEX ceased to exist (and had never been developed in the first place) how would that affect TACO as a product?
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I will address the low lockup periods as I mainly pushed for it. Basically, our weighted voting for portfolio allocations is really fun and unique, and I thought it best to maximise members actually trying it out. Here’s what it looks like:
1 week min, 1 month max (with no vp boost) means members know their vote will count for something, which wouldn’t exactly be the case if we set it to something like 8 years with a 100% boost.
As Snassy pointed out, these are just starting settings and can be changed, decisions that would be better to make following discussions among DAO members.
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What’s with the Blockchain Pill interview with masks? I mean serious question
Great questions!
At launch these canisters (DEX and mint vault) will not be running. The core functionality of the DAO (Voting, Automatic Trading) is not impacted by not including these components.Should the DAO want to focus on finalizing the productization of these components and bring them online, they will of course be controlled by the DAO and open sourced.
The DEX is a standalone product that, if online, would be one of the sources that the automatic trading algorithm would be trading with. Without it, the trading algorithm currently trades against ICPSwap and Kong swap.
The minting vault would provide a way to seed the portfolio with tokens, but this can in fact be handled via the updated architecture of the trading algorithm that is able to not just rebalance a portfolio but also deploy funds to build up a portfolio - plus that funds sent to the portfolio will be taken into account, so minting vault functions could be implemented via simpler means if necessary.
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Its called marketing…I know that’s rare in ICP but trust me it helps.
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Idea is good, but i think there is not many users for it, market condition is not right.
I see Snassy is DEV on your project, does it mean TACO will use Swaprunner or you have improved version of it?
When i buy tokens, i invest in people, but im little confused, if Snassy builds one thing to SneedDAO, other thing to TACO, later moves on, does this mean DAO will be left without a good DEV later on. Its good for DEV to jump from project to project, build something, get nice % of token supply, i think investors want more if DEV stays with project.
Good luck on SNS sale, most likely it will do well, SneedDAO will bleed a little.
They have to hide their identities because of their past basically.
Kind of a long story, but they were sent to prison by a military court for a crime that they didn’t commit. They had to escape and basically have been existing as sort of “soldiers of fortune”, wanted by the government.
I’m glad that they’re back and doing something constructive!
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You raise a very good point that the team is acutely aware of.
For the longevity of the DAO, it is imperative that the dev team grows and becomes less dependent on any one individual. Preparing the ground for this would be one of my first missions as lead dev.
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This may have been discussed in the thread, apologies if that’s already the case, but, unless I am missing something, may I ask if there there is a particular reason why the canister frontend (https://tacodao.com / repo / lx7ws-diaaa-aaaag-aubda-cai) isn’t included in the decentralization proposal?
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Hi Snassy, when did you becime the lead dev for this project?
Hey snassy, are there any protections during this sale to prevent one whale from owning the dao?
With what this project is, it would be good to have safe guards from one whale getting to pick what is trusted and what is not trusted.
Hi TheUltra16,
A was formally asked a few weeks ago, before that I had helped out in an advisory role.
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Hi Mico,
Do you mean in addition to the SNS parameters? No. The protection against that, if this is an interest you want to defend, is to buy the token.
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Sounds good. (more words here)
Hi Peter,
The front end is open sourced, at:
The reason we don’t hand it to the DAO at launch is that we anticipate some rather intense development on it in the near term, where the current SNS support for asset canisters is better adapted to post-stabilization.
So, as it stabilizes it will be handed over as well. Note that not handing it over now should not open any attack vectors - all relevant state and functions live in the backend canisters which are all handed over, and all have the relevant safeguards around state mutations As per usual on the Internet Computer, anyone can create an alternative front end, the backend canisters contain the real meat and this is just one possible front end, with no greater privilege than any front end anyone else could make.
Thank you for your question!
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