@aragon/templates-externally-owned-presale-bonding-curve

Aragon externally owned presale and bonding curve template

Description

Aragon externally owned presale and bonding curve template is intended to deploy the bonding curve between ANT and ANJ for Aragon Network Court, along with the presale.

This pseudo-DAO has no core apps Voting, Finance or Vault, only a Token Manager for the bonded token, and it's supposed to be controlled externally (by the Aragon Network DAO in the case of ANJ), so all governing permissions are set to an external single entity (which in case of ANJ will be the Agent of the Aragon Network DAO).

Because the purpose isn't either a real fundraising campaign, but only exchange functionality given by the bonding curve, it doesn't have a Tap mechanism either.

The presale used is the simple version, that when close redirects part of the balance of the collateral token to a beneficiary in order to adjust its price to the one that the bonding curve will have given the toal supply of bonded tokens minted and the defined reserve ratio.

Usage

Install fundraising apps

template.installFundraisingApps(
    owner,
    id,
    collateralToken,
    bondedToken,
    period,
    exchangeRate,
    openDate,
    reserveRatio,
    batchBlocks,
    slippage
)

• owner Owner that will control the pseudo-DAO
• id Id for org, will assign [id].aragonid.eth
• collateralToken Collateral token in bonding curve and presale
• bondedToken Bonded token in bonding curve and presale
• period The presale period
• exchangeRate The presale exchange rate [in PPM]
• openDate The date upon which the presale will be open [if 0, the presale can be open manually later]
• reserveRatio Reserve ratio of the bonding curve
• batchBlocks The number of blocks trading batches will last
• slippage To set up the maximum per-batch price slippage in the market maker

Permissions

System

Handle apps and permissions

App	Permission	Grantee	Manager
Kernel	APP_MANAGER	Owner	Owner
ACL	CREATE_PERMISSIONS	Owner	Owner
Token Manager	MINT	MarketMaker	Owner
Token Manager	MINT	Presale	Owner
Token Manager	BURN	MarketMaker	Owner

Fundraising apps

Agent / Reserve

Handle market maker funds

App	Permission	Grantee	Manager
Reserve	SAFE_EXECUTE	Owner	Owner
Reserve	ADD_PROTECTED_TOKEN	Controller	Owner
Reserve	REMOVE_PROTECTED_TOKEN	NULL	NULL
Reserve	EXECUTE	NULL	NULL
Reserve	DESIGNATE_SIGNER	NULL	NULL
Reserve	ADD_PRESIGNED_HASH	NULL	NULL
Reserve	RUN_SCRIPT	NULL	NULL
Reserve	TRANSFER	MarketMaker	Owner

Presale

Handle preliminary sale

App	Permission	Grantee	Manager
Presale	OPEN	Controller	Owner
Presale	REDUCE_BENEFICIARY_PCT	Owner	Owner
Presale	CONTRIBUTE	Any	Owner

MarketMaker

Handle buy and sell orders

App	Permission	Grantee	Manager
MarketMaker	OPEN	Controller	Owner
MarketMaker	UPDATE_FORMULA	NULL	NULL
MarketMaker	UPDATE_BENEFICIARY	Controller	Owner
MarketMaker	UPDATE_FEES	Controller	Owner
MarketMaker	ADD_COLLATERAL_TOKEN	Controller	Owner
MarketMaker	REMOVE_COLLATERAL_TOKEN	Controller	Owner
MarketMaker	UPDATE_COLLATERAL_TOKEN	Controller	Owner
MarketMaker	OPEN_BUY_ORDER	Controller	Owner
MarketMaker	OPEN_SELL_ORDER	Controller	Owner

Controller

API contract forwarding transactions to relevant contracts

App	Permission	Grantee	Manager
Controller	UPDATE_BENEFICIARY	Owner	Owner
Controller	UPDATE_FEES	Owner	Owner
Controller	ADD_COLLATERAL_TOKEN	Owner	Owner
Controller	REMOVE_COLLATERAL_TOKEN	Owner	Owner
Controller	UPDATE_COLLATERAL_TOKEN	Owner	Owner
Controller	UPDATE_MAXIMUM_TAP_RATE_INCREASE_PCT	NULL	NULL
Controller	UPDATE_MAXIMUM_TAP_FLOOR_DECREASE_PCT	NULL	NULL
Controller	ADD_TOKEN_TAP	NULL	NULL
Controller	UPDATE_TOKEN_TAP	NULL	NULL
Controller	OPEN_PRESALE	Owner	Owner
Controller	OPEN_TRADING	Presale	Owner
Controller	CONTRIBUTE	Any	Owner
Controller	OPEN_BUY_ORDER	Any	Owner
Controller	OPEN_SELL_ORDER	Any	Owner
Controller	WITHDRAW	NULL	NULL