A token with a treasury, and a date it pays out

Creators send a funding request: what the DAO is for, who is behind it, how much it wants to raise and when it closes. The SolDAOs team reviews it. An approval allows one launch.

Every DAO launches with a party round: a presale at one fixed price that refunds if it doesn't fill. Bonding-curve launches (open price discovery that graduates to a Meteora pool) are Soon coming soon.

Creators pay nothing up front. When a party round fills, SolDAOs takes 1 SOL + 5% of the raise; half of the rest goes to the treasury and half to a Meteora pool (500 SOL → 26 / 237 / 237). A raise that doesn't fill is refunded in full and nothing is taken. Every trade then pays a 2% fee: 1% platform, 0.35% treasury, 0.25% creator, 0.40% Meteora.

The manager proposes trades for the treasury; they can't trade alone. Each proposal is open for at least 24 hours and the majority of tokens that vote decides: it passes only if Yes beats No among voters. A tie or no votes means it doesn't pass. Passed trades execute automatically.

Every trade is capped at 10% of the treasury. Replacing the manager, closing early or extending the close date need more Yes than No and at least 50% of eligible supply voting.

There is no withdraw instruction. Creator tokens stay locked until close, presale tokens vest, mint and freeze authority are revoked, and pool liquidity is locked by the program until close.

Every DAO has a fixed close date, but holders decide: by their share, they can vote to extend it by 7–90 days or to close early (Yes over No, with at least 50% of eligible supply voting). At close the pool unwinds: its SOL joins the treasury and its tokens are burned. Holders burn tokens for tokens × treasury ÷ eligible supply, minus 0.5%.

A party round with no trading at all still pays most of it back: at least about 0.93× the raise price per token (the minimum raise is 50 SOL; about 0.94× on a 500 SOL raise). Trading fees push it higher.