Glossary

A running list of nomenclature. Always evolving, forever in progress…

Async

A conversation to be continued offline following the current discussion. “We can async on that”

GuildKick

A proposal type to remove members from the DAO. If a GuildKick proposal is successful, the kicked address automatically RageQuits their Shares at the Share Value.

Loot

Non-voting Shares in the DAO. Guilders can ragequit Loot to withdraw proportional amount of assets from the DAO based on current Share Value.

Minion

A smart contract account which can call other smart contracts on behalf of the DAO.

Proposal

A means of requesting something (shares, funding, token whitelists, etc.) from the DAO. All Proposals are made onchain and voted on using Shares by members. Proposals must have more Yes than No votes to pass.

RageQuit

The act of exiting shares from the DAO in exchange for a pro-rata share of the underlying capital bank relative to Share Value.

Shares

Voting Shares in the DAO. Members can ragequit Shares to withdraw a proportional amount of assets from the DAO based on current Share Value.

Share Value

The value of 1 share at any given time. In the case of Raid Guild, Share Value is denominated in wETH and can be determined by dividing the outstanding amount of shares by the total amount of WETH (and all other Whitelisted Tokens) in the Bank.