When do you need this?
You need this instruction if you want to split from The DAO, perhaps because you don't agree with a proposal or with the curators. It is a way to ensure the decentralization and autonomy of The DAO.
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Create a Proposal to Split the DAO
Find the ID of your Proposal to Split
Vote “YES” on your new proposal
Wait 1 week
Call the Split DAO Function – You are now officially split & have your ETH + reward tokens & are no longer part of the original DAO
- Find out where your New DAO is and add the new Watch Contract & Watch Token
Wait the 27 Day Creation Period
Add your address to the whitelist (if you don’t want to send it to the new curator address)
- Create a new Proposal to send all your ETH to an address
- Vote Yes on the new proposal
- Wait the 14 day debating period
- Execute the proposal. Your ETH have now been sent to the address specified.
Step-By-Step
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1. Create a Proposal to Split the DAO
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Instructions
Go to ‘Contracts’ and then click on the ‘The DAO’ contract.
On the right side, click the “Pick a Function” dropdown.
Select “New Proposal”
Recipient: enter the address new curator for your DAO (your address)*
Amount: Leave Blank
Description: Leave Blank, or enter a human readable descriptor like “0x762f split proposal” so you know it is yours later. **
Transaction Data: Leave blank
Debating Period: ‘604800’ this is 1 week in seconds, the minimum amount of time.
New Curator: Check this box!
Choose your token account to execute from
Do not send any ETH (or it may fail)
Ensure you have some ETH in your token account for gas.
Click “Execute”
A pop up will appear confirming gas, etc. Enter your password and press "SEND TRANSACTION".
* If you are just splitting the DAO with just yourself, you would enter your address and therefore become the new Curator. Make sure you have access to this account! If you are creating a new DAO with other people, this should probably be a multi-sig wallet held by multiple trusted people.
** Anyone who enters the Proposal ID will be able to read this descriptor, so don’t include personal information.
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3. Vote “YES” on your new proposal
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How to Vote
Go to ‘Contracts’ and then click on the ‘The DAO’ contract.
On the right side, click the “Pick a Function” dropdown.
Select “Vote”
Proposal ID: the ID of the proposal to split the DAO.
Supports Proposal: Check the ‘Yes’ button.
Choose your token account to execute from
Do not send any ETH (or it may fail)
Ensure you have some ETH in your token account for gas.
Click “Execute”
A pop up will appear confirming gas, etc. Enter your password and press "SEND TRANSACTION".
If you want to make sure you voted…
Enter your proposal ID on the left side
Look under “YEA” and make sure it doesn’t say “0”
4. Wait 1 week
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...or whatever you specified under “Debating Period” when you created the proposal
5. Call the Split DAO Function
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Go to ‘Contracts’ and then click on the ‘The DAO’ contract.
On the right side, click the “Pick a Function” dropdown.
Select “Split DAO”.
Proposal ID: enter the proposal ID of your proposal.
New Curator: Enter the same address that you entered under "Recipient" in Step 1: Create a Proposal to Split the DAO.
- Choose your token account to execute from.
Do not send any ETH (or it may fail).
Ensure you have some ETH in your token account for gas.
Click “Execute”.
A pop up will appear confirming gas, etc. Enter your password and press "SEND TRANSACTION".
- After a ~1 minute (or less) a notification will alert you that a transaction to 0x000000000... was successful.
- If you miss the notification, you can see this by going to the "Wallets" tab and then looking under "Latest Transactions"
- Note: If you are the first person to split the DAO (as I was above), this will cost ~3,051,593 Gas.
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6. Find out where your New DAO is and add the new Watch Contract & Watch Token
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- Open up EtherScan.io and type the address you split the DAO with (not the new curators address) in the search bar.
- Note the "Age". (In my case it was 37 minutes).
- Click on the DAO Address. Yours should read 0xbb9....
- Click on the "Internal Transactions" tab and look at the recent transactions. You can see they all match the age from above:
- There should be one that stands out to you as it has a value that is not 0. Click on this address.
- This is the your New DAO Contract Address. Copy this address and save it somewhere for reference.
- You now need to go back to the Mist / Ethereum Wallet application and add the Watch Contract and Watch Token for this new address.
- Add New Watch Contract
- Give your contract a name
- Enter the address that you just copied from EtherScan
- Paste the JSON interface, which can be found here.
- Click OK. It should now appear under Watch Contracts:
- Add New Watch Token
- Paste the contract address from EtherScan.
- Give your new Token a name
- Choose a symbol for your token
- Decimals = 16
- Click OK. It should now appear under Watch Tokens:
- You can now see the New DAO Token Balance, the amount of ETH in the New DAO Contract, and you can see you are the curator of this new DAO by click on the Watch Contract and scrolling down until you see "Curator".
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