Learn how to create a proposal for a DAO

This guide will walk you through how to create a proposal for your DAO using the Nouns Builder UI. You can learn how to submit proposals for:

• Editing the DAO's Settings
• Sending ETH
• Calling a Contract Function

However, it is important to first familiarize yourself with the key terms and lifecycle of a proposal.

Key Terms#

• Proposal Threshold: Minimum amount of total votes (NFTs) needed to put a proposal to a vote. For example, if the Proposal Threshold is set to 1% and there are 500 total NFTs minted then 5 NFTs need to approve the proposal for it to a vote.
• Quorum Threshold: Minimum of total For votes (NFTs) required for a proposal to pass
• Voting Delay: The amount of time before a proposal can start voting in seconds.
• Voting Period: The duration for voting on a proposal in seconds.
• Time Lock Delay: The amount of time a successful proposal must wait between being queued and executed.

Proposal Lifecycle:#

• A proposal is submitted to the DAO on-chain by an address that owns enough NFTs to clear the Proposal Threshold.
• The proposal can't be voted on until after the voting delay time has passed.
• Once the delay period has passed, the proposal must then receive more For votes than Against and the number of For votes must meet or surpass the Quorum Threshold.
• Next, if the voting period has finished and it has received enough For votes then the proposed transaction is queued for execution.
• Then the proposal must pass the Time Lock Delay which defaults to 2 days.
• Finally, once the time lock has ended the proposal is then executed.