Aragon externally owned presale and bonding curve template

Description

Aragon externally owned presale and bonding curve template is intended to deploy the bonding curve between ANT and ANJ for Aragon Network Court, along with the presale.

This pseudo-DAO has no core apps Voting, Finance or Vault, only a Token Manager for the bonded token, and it's supposed to be controlled externally (by the Aragon Network DAO in the case of ANJ), so all governing permissions are set to an external single entity (which in case of ANJ will be the Agent of the Aragon Network DAO).

Because the purpose isn't either a real fundraising campaign, but only exchange functionality given by the bonding curve, it doesn't have a Tap mechanism either.

The presale used is the simple version, that when close redirects part of the balance of the collateral token to a beneficiary in order to adjust its price to the one that the bonding curve will have given the toal supply of bonded tokens minted and the defined reserve ratio.

Usage

Install fundraising apps

template.installFundraisingApps(
    owner,
    id,
    collateralToken,
    bondedToken,
    period,
    exchangeRate,
    openDate,
    reserveRatio,
    batchBlocks,
    slippage
)

• owner Owner that will control the pseudo-DAO
• id Id for org, will assign [id].aragonid.eth
• collateralToken Collateral token in bonding curve and presale
• bondedToken Bonded token in bonding curve and presale
• period The presale period
• exchangeRate The presale exchange rate [in PPM]
• openDate The date upon which the presale will be open [if 0, the presale can be open manually later]
• reserveRatio Reserve ratio of the bonding curve
• batchBlocks The number of blocks trading batches will last
• slippage To set up the maximum per-batch price slippage in the market maker

Permissions

System

Handle apps and permissions

| App | Permission | Grantee | Manager | | ----------------- | --------------------- | ---------------- | ---------------- | | Kernel | APP_MANAGER | Owner | Owner | | ACL | CREATE_PERMISSIONS | Owner | Owner | | Token Manager | MINT | MarketMaker | Owner | | Token Manager | MINT | Presale | Owner | | Token Manager | BURN | MarketMaker | Owner |

Fundraising apps

Agent / Reserve

Handle market maker funds

| App | Permission | Grantee | Manager | | ------- | ---------------------- | ---------------- | ---------------- | | Reserve | SAFE_EXECUTE | Owner | Owner | | Reserve | ADD_PROTECTED_TOKEN | Controller | Owner | | Reserve | REMOVE_PROTECTED_TOKEN | NULL | NULL | | Reserve | EXECUTE | NULL | NULL | | Reserve | DESIGNATE_SIGNER | NULL | NULL | | Reserve | ADD_PRESIGNED_HASH | NULL | NULL | | Reserve | RUN_SCRIPT | NULL | NULL | | Reserve | TRANSFER | MarketMaker | Owner |

Presale

Handle preliminary sale

| App | Permission | Grantee | Manager | | ------- | ---------- | ---------- | ---------------- | | Presale | OPEN | Controller | Owner | | Presale | REDUCE_BENEFICIARY_PCT | Owner | Owner | | Presale | CONTRIBUTE | Any | Owner |

MarketMaker

Handle buy and sell orders

| App | Permission | Grantee | Manager | | ----------- | ----------------------- | ---------- | ---------------- | | MarketMaker | OPEN | Controller | Owner | | MarketMaker | UPDATE_FORMULA | NULL | NULL | | MarketMaker | UPDATE_BENEFICIARY | Controller | Owner | | MarketMaker | UPDATE_FEES | Controller | Owner | | MarketMaker | ADD_COLLATERAL_TOKEN | Controller | Owner | | MarketMaker | REMOVE_COLLATERAL_TOKEN | Controller | Owner | | MarketMaker | UPDATE_COLLATERAL_TOKEN | Controller | Owner | | MarketMaker | OPEN_BUY_ORDER | Controller | Owner | | MarketMaker | OPEN_SELL_ORDER | Controller | Owner |

Controller

API contract forwarding transactions to relevant contracts

| App | Permission | Grantee | Manager | | ---------- | ------------------------------------- | ------- | ------- | | Controller | UPDATE_BENEFICIARY | Owner | Owner | | Controller | UPDATE_FEES | Owner | Owner | | Controller | ADD_COLLATERAL_TOKEN | Owner | Owner | | Controller | REMOVE_COLLATERAL_TOKEN | Owner | Owner | | Controller | UPDATE_COLLATERAL_TOKEN | Owner | Owner | | Controller | UPDATE_MAXIMUM_TAP_RATE_INCREASE_PCT | NULL | NULL | | Controller | UPDATE_MAXIMUM_TAP_FLOOR_DECREASE_PCT | NULL | NULL | | Controller | ADD_TOKEN_TAP | NULL | NULL | | Controller | UPDATE_TOKEN_TAP | NULL | NULL | | Controller | OPEN_PRESALE | Owner | Owner | | Controller | OPEN_TRADING | Presale | Owner | | Controller | CONTRIBUTE | Any | Owner | | Controller | OPEN_BUY_ORDER | Any | Owner | | Controller | OPEN_SELL_ORDER | Any | Owner | | Controller | WITHDRAW | NULL | NULL |