Kali is an application to launch DAO smart contracts and form companies. It allows founders, funds and communities to tokenize membership, build on-chain governance, and truly enforce their commitments with code. It is end-to-end, so users don't need to know anything about coding, contracts, deployment, or run their own servers or nodes to manage proposals and voting. The Kali codebase is inspired by the Compound and Moloch frameworks, prioritizing lean, reasonably optimized contracts. The application fills in legal gaps, as well, by allowing users to draft and wrap their DAOs and token launches with battle-tested legal agreements, such as LLC structures for investment clubs and companies.
V1 includes the following features:
- tokenized votes as ERC-20 assets, which can be transferable or non-transferable
- delegateable votes to representatives
- customizable governance settings, such as voting periods and approval thresholds
- quorum, supermajority threshold settings, which can be assigned to proposal types
- gas-less metaTX support for voting and token transfers
- extension support, including fundraising by token sale or 'tribute', whitelisting, and 'ragequit'
- treasury support, including ETH, ERC-20, NFT and ERC-1155
More extensive discussion of the Kali DAO contracts can be found in the repo.
Kali was incubated by LexDAO and Seed Club to solve the legal pain points of web3 founders and funds.
It includes a legal drafting tool for LLC, Investment Club and UNA governing docs, and Kali users can instantly deploy an LLC by minting an NFT under the master operating agreement of KaliCo Ricardian LLC, a Delaware Series LLC. For more information on this formation system, review the sister LexDAO research project, Ricardian LLC.
For formation assistance for standalone LLCs and questions on DAO legal setup and compliance, Kali integrates with the LexDAO community of lawyers and engineers.
A running list of contracts deployed on Ethereum, Arbitrum, Polygon and Rinkeby (testnet) are catalogued here. The verified KaliDAO factory contracts are:
- Ethereum: 0x8bD48C45d40724E8424C3aAa4097257A38A98024
- Arbitrum: 0x045cbcBA76a7EcF82d0f6B5DCc0881B3C12E37d0
- Optimism: 0xe8E08113Dc0f2B6392A4bD14d7F1d9AA6E89e1e3
- Polygon: 0xeb37fc7F7781C4B6395b093359aaaFD285DaA6b9
- Rinkeby: 0x1aAF0d0305B8e5685bCA94F35409547fA4bCD548
- Goerli: 0xDDdFf70C77Cffcf97Fb91F7aC4aD0E12E8C14571
An audit on the core Kali contracts was conducted by BlockApex and can be reviewed here. Unit tests in JS for the core contracts, including extensions, can be run here.