# DAO Proposal: Grant Funding for Educational Token Launcher Tool

## Executive Summary
This proposal seeks grant funding for the development of a permissionless, educational token launcher designed to facilitate the creation and trade of fully diluted meme tokens on Uniswap V3. The tool is intended as a proof of concept to demonstrate and educate on the process of token creation, presale, and liquidity pooling in a decentralized finance (DeFi) ecosystem.

## Key Features

- **Permissionless Token Launching**: Users can launch tokens without the need for centralized approval, promoting innovation and participation in the DeFi space.
- **Presale Mechanism**: A 24-hour presale window allows for initial funding to bootstrap a liquidity pool, provided a minimum threshold is met.
- **Non-transferable Tokens**: Participants receive non-transferable tokens during the presale, ensuring commitment to the project’s initial phase.
> [name=Dekan.eth]could be transferable
- **Scheduled Launches**: Tokens can be scheduled to launch at future dates, allowing for strategic planning and marketing.
- **Minimum Threshold**: A set minimum of 4.2 ETH ensures serious engagement and viability of the token’s launch.

- **Liquidity Pool Formation**: Post presale, an equivalent amount of tokens is minted alongside pooled funds to form a transferable token liquidity pair on Uniswap V3.

- **Fee Structure**: Less than 1% fee on presales contributes to the protocol's treasury for ongoing open-source development.
> [name=Dekan.eth] yeet/jeet - heavy fee on exit (on jeet)
> could have a platform member to dilute jeets

## Second Order Effects

- **Governance**: Each token has inherent governance over a token DAO, aligning stakeholders' interests with the project's success.
- **Treasury and Fees**: 1% Liquidity pool fees are directed to the DAO treasury, funding community initiatives.
- **Lock-up Period**: A default two-week lock-up ensures stability in governance decisions.
- **Exit Mechanism**: Participants have the freedom to exit by burning tokens, receiving a proportional share of the accumulated LP fees. Alternatively tokens can be sold into the LP and not burnt

## Additional Highlights

- **On-Chain Functionality**: The entire process is executed on-chain, ensuring transparency and security.
- **Hyperstructure DAO**: The protocol itself will be governed by a DAO using the same launch mechanism.
- **Cross-Platform Compatibility**: Designed for EVM-compatible chains with a focus on Layer 2 solutions for efficiency.
- **Minimal Dependencies**: Reduces points of failure and enhances security.
- **Initial Launch**: The MVP will be deployed on the Sepolia testnet to validate concepts before scaling to Optimism, Base and Arbitrum.

## Funding Ask

We are asking for 5 ETH for Phase 1, which includes:
- Smart contract development
- Wireframe creation
- Comprehensive documentation
- The construction of subgraphs for enhanced data querying
- Development of a minimal viable front-end to demonstrate POC/MVP

Team: Sam, Deke, Santiago, Drew

Follow up phase will build off learnings for a better UI and experience. Along with better Integration with yeet frames and DAOhaus tools

## Justification

- **Seasonal Alignment**: This project aligns with the DAO’s stated objectives for the current season, addressing the community’s interest in a decentralized token launcher.
- **Educational Value**: By serving educational purposes, this tool will raise awareness and understanding of DeFi processes.
- **Innovation Incubation**: Encourages innovation by lowering the barrier to entry for token launch and governance.

## Current work
A very minimal POC of smart contraqcts has been created to validate the technical aspects of the higher order summoner to handle multiple predetermined shamen and the Shaman Module to interact with funds and LP.

## Wire frames

https://www.figma.com/design/gyvEAkOsFyhMx7MWzmxKxh/Untitled?node-id=0%3A1&t=wc0NFAlI7oZOuLqu-1

## Technical walkthrough

The launcher uses the DAOhaus Moloch factory to create a "headless" DAO (no members). During summon 2 shamen are added, 1 from the yeeter protocol and another shaman is added to manage the LP creation. After the yeeter start date participants have 24 hrs to reach the 4.2 eth min threashold. Once 24 hr time period is over and threshold is met a LP position is created by the shaman which mints tokens, and transfers everything into a liquidity position. If the time period is not met or the threshold is not met people can exit at anytime.


**high level overview**


## Conclusion

The proposed token launcher tool stands to contribute significantly to the DeFi ecosystem by providing an accessible, educational platform for users to engage with token economics, liquidity pooling, and DAO governance. The successful funding and deployment of this tool will not only meet the immediate objectives set forth by the DAO but will also pave the way for a more informed and engaged community.

We look forward to the community’s support and are available for any questions or discussions regarding this proposal.