DAO Summoning

DAO summoning is the act of creating and launching a new decentralized autonomous organisation (DAO). The term was popularised by Moloch DAO, a grant-giving organisation launched on Ethereum in 2019, whose open-source smart contracts include a "summon" function that deploys a new DAO, and by DAOhaus, a platform that let groups summon Moloch-style DAOs without writing code. Summoning typically involves choosing the founding members, known as summoners, setting voting periods and quorum rules, deciding which tokens the treasury will accept and depositing initial funds. Members then gain shares or a governance token that give them votes on proposals. Because the rules are set in code at launch, mistakes in configuration can be hard to fix later. Also see Governance.