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  1. FAQ's & Additional Resources
  2. Hatch 101

Hatch DAO boundaries

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Last updated 4 years ago

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We are following Ostrom's 8 principles for governing the commons and "clearly defined boundaries" is her 1st principle. The strategy we adopted to set and communicate the boundaries of our various components is by listing the actions individuals can take and the ones they are encouraged not to.

Hatch Dao Main Actions

  • wxDAI can be sent to the Hatch DAO but only up to the hatcher CSTK score based on the

  • When wxDAI is sent, TECH tokens are minted based on the ​

  • There is a hatching period that will be decided by the . During the hatching period no actions other than sending wxDAI can be taken.

  • If the is reached Cultural Build Tribute and Hatch Tribute are applied.

  • The Hatch DAO is like a Moloch DAO. Hatchers can rage quit and redeem their share of the redeemable pool at any time unless they voted yes on a proposal. In this case they need to wait until that proposal is executed.

  • Hatchers can Vote and control the DAO’s Funds

  • Hatcher can Vote to upgrade the DAO’s smart contracts and parameters

  • Hatchers can vote to mint and burn tokens

  • Hatchers can vote on the wxDAI split ratio between reserve and ​

  • People can create proposals in the Dandelion Voting app paying the required .

  • Hatchers can claim 100% of their funds back if the Hatch doesn't reach its ,

    • In this case, the funds will be available until they are claimed with no time frame.

  • IH tokens holders will receive TECH tokens via the cultural build tribute if hatch is reached

  • TECH token holders will be able to vote on token log to determine the parameters of the commons upgrade.

  • TECH token holders will ratify the parameters for the Commons upgrade via TEC Hatch DAO

  • When the parameters are ratified the Commons upgrade will move funds into a new DAO and everyone with TECH tokens will receive TEC

  • Once the TEC Hatch DAO is upgraded to a full Commons, anyone can join the TEC via the bonding curve.

What actions or outcomes are required?

  • Participants of the TEC Hatch DAO are aware that unexpected behaviors can happen and the decision making power is all within the TECH token holders.

  • Hatchers agree to the TEC Hatch Terms​

What actions or outcomes are discouraged?‌

  • Disrespecting our code of conduct

It is required that Hatchers join the .

Failing to comply to the

CSTK Ratio
Hatch Exchange Rate
Hatch Time Limit
Hatch Min Goal
funding pools
tollgate fees
Minimum Goal
Minimum Goal
Commons Stack Swiss Association for legal protection
TEC Hatch Terms