How to Brick your DAO 🧱
Warning
Don't try this at home! This guide is meant to make you aware of some of the mistakes you can make which will brick 🧱 (ruin) your DAO.
- 1.Set the minimum accepted Quorum Percentage of Votes in your DAO to 100%, and then lose access to the only Wallet Account which can vote.😱
Lesson
Reconsider whether a high 100% Quorum is necessary, and make sure you always have a backup of your Wallet Account secret recovery phrase.
2. Go to the Aragon Forum for help and copy/ paste the private keys of the Web3 Wallet controlling your DAO. Someone found the private keys, took control of your wallet and is now in control of your DAO .
😱
Lesson
Never ever share 'secrets' like your private keys, secret recovery phrase, or something else secret on a public forum, Discord server, or not even in a direct message (DM), there are a lot of scammers out there looking for this info.
3. Mint new DAO tokens to the address of the DAO, instead of to a DAO member, which makes the 'DAO address' the largest token holder. DAO addresses can not vote, and since it is the largest DAO token holder not a single vote can be enacted anymore .
😱
Lesson
Only mint DAO tokens to DAO members wallet addresses, and never send them to a smart contract such as the address of your DAO.
4. You have a bad actor in your DAO and want to get rid of him by removing/ burning all of his DAO tokens. Accidentally you remove/ burn all of your own DAO tokens, and the Vote to do so has already been approved by your DAO members! Now you lost control over your DAO .
😱
Lesson
It's easy to make fatal mistakes, always double-check the details when making transactions in your DAO.
Warning
Again don't try this at home! This guide is meant to make you aware of some of the mistakes you can make which will brick 🧱 (ruin) your DAO.
Last modified 28d ago