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This is a smart contract that fulfils milestone payments for projects funded through the Ubeswap DAO

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Ubeswap-Dao-Hackathon

This DApp will fulfill milestone payments for grants funded by the Ubeswap DAO. It is properly optimised to save gas upon execution. It is recommended that you use a tool like Openzeppelin Defender to make multisig calls to this contract as multisig functionalities weren't added to the contract with the assumption that a multisig wallet already exists for the project.

When the DAO desides to fund a grant/project, the DAO admin will need to carry out the following functionalities:

  • Create the IPFS hash for the grant through the provided UI, carrying the name of the grant and the name of the beneficiary.

  • When the IPFS hash is generated, the admin needs to create new project in the smart contract, which accepts the wallet address of the beneficiary, array of milestones which contain the different timestamps and amounts, and the created IPFS hash as given below:

struct Milestone {
    bool closed;
    bool approved;
    uint256 timestamp;
    uint256 amount;
}

function setProject(
    address payable beneficiary,
    Milestone[] memory milestones,
    string memory uri)
Syntax type description
beneficiary address wallet address to receive milestone funds
milestones Milestone[] array of Milestone structs with closed and approved values as false
uri string token URI from IPFS

When the admin makes the above call, the smart contract generates and sends an NFT (UBE-NFT) to the beneficiary wallet. The holder of this NFT will always be the beneficiary of this particular grant/project. This minted NFT will have a token URI pointing to an IPFS metadata.

NOTE timestamps must not be lower than previous milestone of the same grant/project.

  • After this is done, the public method count() will be incremented. And the current value will point to the newly created grant/project.

  • The DAO admin will need to call the deposit(uint256 id) method at this point, sending the total amount to the smart contract in CELO.

  • The DAO admin will need to approve a particular milestone when it reached. The admin can also disapprove a milestone before/after the period is reached. When approved, the holder of the associated NFT received the payout for that milestone. If disapproved, the funds for that milestone gets sent to the wallet passed by the caller (DAO admin). Find the method below:

function resolveMilestone(
    uint256 idP,
    uint256 idM,
    bool approve,
    address payable daoWallet)
Syntax type description
idP uint256 the ID of the grant/project to be resolved
idM uint256 the index of the milestone array in the grant/project to be resolved
approve bool true or false if approved or not
daoWallet address wallet address to receive milestone funds if disapproved
  • In the event when the DAO admin needs to cancel an entire grant, the method below should be called to close the grant and recover all funds with associated with it.
function revokeProject(uint256 id, address payable daoWallet)
Syntax type description
id uint256 the ID of the grant/project to be revoked
daoWallet address wallet address to receive grant funds
  • To see the full information of individual grants, you need to make the following call:
struct Project {
    bool hasStarted;
    bool isRevoked;
    Milestone[] milestones;
    uint256 totalAmount;
    uint256 totalPayout;
    uint256 totalMissout;
}

function getProject(uint256 id) external view returns (Project memory)
Syntax type description
id uint256 the ID of the grant/project to be checked
hasStarted bool true or false if grant has started. This value becomes true when the DAO admin deposits the total amount of CELO for that grant into the smart contract with the deposit(uint256 id) method
isRevoked bool true or false if grant/project is revoked or not
milestones Milestone[] array of Milestone structs associated with given project/grant
totalAmount uint256 total amount of CELO calculated by adding the amount on all the created milestones for that project/grant
totalPayout uint256 total amount of CELO paid out to the beneficiary
totalMissout uint256 total amount of CELO witheld from the beneficiary when a milestone is disapproved or when a grant is revoked

Installation

This project comes with a contract, a test for that contract, a and deployment script. You need to install the following:

  • Solidity
  • Hardhat

Backend

Next, you need to clone this repository, enter the dao-contract folder, and install the remaining dependencies by running the following commands in the project directory.

git clone https://github.com/Hendobox/Ubeswap-Dao-Hackathon.git

cd dao-contract

npm install

Then try running the following tasks:

npx hardhat compile
npx hardhat test
npx hardhat run scripts/deploy.ts

Frontend

We have provided a frontend to enable you pin files to IPFS and recover the hash for the NFT token URI. This frontend also helps you easily arrange the milestones parameter for the smart contract call.

NOTE the frontend does not let you make metamask transactions. This is because we expect you to use an admin management tool like Openzeppelin Defender. The frontend will however, provide you with the necessary parameters to use in the smart contract's grant creation call.

To enter the frontend, you need to make the following commands:

cd frontend

npm install

or

npm install --legacy-peer-deps

npm run dev

This will run the frontend on localhost PORT 5173.

Here is a sample contract deployed on Alfajores Network.

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This is a smart contract that fulfils milestone payments for projects funded through the Ubeswap DAO

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