The Path to UDT!
Our Unlock Discount Tokens will ensure the self-sustainability and full decentralization of the Unlock Protocol. This doc explains the steps to reach a point where UDT are live on mainnet.
- 7.Configure Unlock to point to right UDT token, Wrapped Eth, gas estimate, symbol.. etc (transaction #26 on Multisig)
- 8.Set Oracle in Unlock: transaction #27 on Multisig.
After this, we checked that everything worked as expected, by sending the following key purchase: https://etherscan.io/tx/0xb0e5f95ea980c1f096a841e5507f465827411cc29f80f8b95971a5241d9e81bb. Some UDT were minted, some of it went to the referrer, some of it to multisig as dev reward! 🎉
In this step, we want to enable UDT holders to vote on upgrades. In practice this means we'll be moving away from the Unlock Inc Multisig toward some DAO where UDT represents "shares" and proposal (upgrades) are voted on by UDT holders.