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# System prepended metadata

title: Member Pledge Extension

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# Member Pledge Extension

![](https://i.imgur.com/Vzk6Nmk.png)

An address that a pledging member can send eth direct to. this can simplify the pledging process

## New Member Proposal extension contract

* Wraps or uniswaps the eth to the DAO payment token. 
* Calculate shares/loot that are available for the deposit at some rate.
* Rate can be changed by owner (minion)
* Rate can be calculated by some equation, total shares/loot, total balance, etc.
* other logic can be added
* member proposals can be restricted to this through ui and dao SOP


## flows / usecases

### dao updates new member share rate
* through a minion proposal the dao can update the rate of eth to shares.

### bounding curve shares
* A curve is set up to make shares more expensive as they are minted.
* eth is swapped and share amount is calculated based on total shares
 
### taxs or fees
* recruiter fees - new member sets address of recruiter (some cut goes to recruiter)
* parent dao / public good tax - new member tax that can be claimed by some other dao
* pyramid/MLM dao - some fee distro to all previous members

### share/loot splitting
* quadratic split between loot shares. 
* more funds you add less shares you get and more loot.

### proposal splitter
* generate multiple member proposals based on array

### conditional proposal
* new member proposals are locked based on some condition in the dao (share value, total member cap)
* member has to have some amount of loot for a time period before shares can be requested.

### token rewards
* reward some tokens with shares. claimable by new member

## possible issues
* proposal fails - can funds be retrieved by applicant
* when shares are issued on a curve does the price change after the vote?
* unsponsored proposals will have a share price less then newer sponsored proposals. 