3. Withdrawing Carry fees
Last updated
Last updated
Withdrawing the carry fees can be done according to the settings you determine for your DAO. The percentage of carry, the periods when the process is done - all of that is manually assigned, but needs to be the same for all of your DAO community members (unless there are specific contract details for certain or each member).
IMPORTANT: Make sure that your Frame Wallet has you DAO connected to it.
The process of Carry withdrawal is divided into three stages.
There are several details needed to proceed, with the main one being the vault address for your DAO. The address is accesible through Aragon >> Organization >> Vault (Contract-only). The "Organization" button is located on the left side-panel.
Copy the address to proceed.
Navigate to https://app.mycrypto.com/add-account and authorize to the system via the Frame Wallet
Please note that the "Frame" button will not be visible unless you have the Frame Extension installed for your browser.
Navigate to "Send Assets" (accessible via the side-panel on the left). Select DAI as the asset for carry withdrawal and paste the copied previously vault address to the "Recipient" field.
Double check the details displayed before confirming the transaction. If everything is correct - press "Confirm and Send" button.
Proceed with the transaction signatures and voting as described in the Voting Process Guide.
Navigate to the "Rewards" section of Aragon Framework. Press the "New Reward" button.
The details entered are usually set as following (for more logical display at the list) but are not mandatory:
Description - Reward Distribution
Reference Token - GT Token (The name varies according to the one you set for your DAO)
Type - One-time Dividend
Total Amount - The amount to be distributed (set the asset to the one that has enough liquidity, USDT as an example)
Reference Date - Set the payment date
Proceed with the transaction signatures and voting as described in the Voting Process Guide.
Navigate to the "Rewards" section of Aragon Framework and select the "My Rewards" tab.
Find the correct line in the list of rewards listed (if this is not the first carry withdrawal), press the "three dots" at the right side of the line and select "Claim"
Sign the transaction via your Frame Wallet. No voting needed for the process.