Technicals

1. Governance Proposal Handling:

   solidityCopyfunction proposeAsset(address assetAddress) external onlyGovernance {
       // Allows governance to propose assets to be purchased by the DAO
       proposalCount++;
       proposals[proposalCount] = AssetProposal({
           asset: assetAddress,
           votes: 0,
           finalized: false
       });
   }

   • This function allows the DAO governance to submit asset proposals for the treasury to consider. It’s essential for asset management decisions.

   • Proposals are tracked by an incremented proposalCount and stored in a mapping, proposals, that tracks the asset address, vote count, and whether the proposal has been finalized.

2. Voting Mechanism:

   solidityCopyfunction voteOnAsset(uint256 proposalId, bool support) external {
       // Voting mechanism for DAO members to vote on the proposals
       require(sQD.balanceOf(msg.sender) > 0, "Must hold sQD to vote");
       AssetProposal storage proposal = proposals[proposalId];
       require(!proposal.finalized, "Proposal already finalized");
   
       if (support) {
           proposal.votes += sQD.balanceOf(msg.sender); // Token-weighted voting
       }
   }

   • This function allows sQD holders to vote on asset proposals. Voting is token-weighted, where users vote according to the amount of sQD they hold.

   • The proposal can only be voted on if it hasn’t already been finalized, ensuring governance integrity.

3. Finalize Proposal & Execute Actions:

   solidityCopyfunction finalizeProposal(uint256 proposalId) external {
       // Finalizes the proposal and executes the market actions if it's approved
       AssetProposal storage proposal = proposals[proposalId];
       require(proposal.votes > threshold, "Insufficient votes");
       proposal.finalized = true;
   
       // Trigger actions such as asset purchase, burn, or buyback
       QDTreasuryOperations.executeMarketActions(proposal.asset);
   }

   • After sufficient votes are collected, the proposal is finalized and relevant actions are executed, like asset purchases and burns.

   • This ensures that only approved proposals are executed, ensuring that the treasury's operations are in line with community consensus.

4. Reward Distribution to Stakers:

   solidityCopyfunction distributeRewards() external {
       uint256 rewardAmount = calculateRewards();
       for (address staker in stakers) {
           uint256 stakerShare = sQD.balanceOf(staker);
           uint256 reward = (stakerShare / totalSupply) * rewardAmount;
           // Transfer rewards to each staker
           IERC20(QD).transfer(staker, reward);
       }
   }

   • This function is responsible for distributing $QD rewards to sQD stakers at the end of each cycle.

   • It calculates each staker’s share of the reward based on their proportion of staked sQD and then automatically transfers the rewards.

Technical Considerations:

• Gas Efficiency:

  • The contract uses gas-efficient mechanisms to ensure that the treasury’s activities are conducted in a way that minimizes costs for users and stakers.

  • For example, the automated reward distribution and cycle management are designed to reduce the number of manual interventions and thus optimize gas costs for each transaction.

• Security Measures:

  • Built-in slippage protection ensures that when assets are bought or sold, the transactions will not cause significant price slippage.

  • Circuit breakers are implemented to halt certain actions if market conditions or other parameters exceed predefined thresholds, which helps protect the treasury from unexpected volatility.

• Upgradeable via Proxy:

  • The contract should be designed with upgradability in mind, utilizing proxy patterns (e.g., OpenZeppelin’s Proxy contract) to ensure future enhancements can be deployed without disrupting the existing system.