The protocol creates a treasury for a JB project and operates on two week funding cycles. These funding cycles operate as fundraisers that should cover the cost of DAO operations within those two weeks. This should include costs of  payouts to workers and any other spending that keeps the DAO operational. Within these funding cycles, a creator can customize the other specifics of the protocol.

Funding Cycles

A Funding Target is the total amount of Eth a creator is looking to raise for their project. If a project raises more money than their Funding Target, investors can redeem the project's token for a percent of the overflow.

Funding Target

The Spending Feature is the an automated feature which allows a portion of every withdraw made by the DAO to be distributed to set wallets. This allows for efficient payouts and minimizes the amount of times gas fees are paid. 

Spending Feature 

The Juicebox protocol also creates a token for the project. This allows investors for your project, and a great feature of this is that every time someone invests, a percent of the token is held by the DAO and distributed to community members. 

Token 

- Funding Cycles
- Funding Target 
- Spending Feature
- Token 

University of Chicago

Juicebox is a business-model-as-a-service and programmable treasury for community-owned Ethereum projects. The Juicebox protocol constructs and maintains the financials (treasury) for other Ethereum communities. 

Juicebox DAO

Protocol Specifics

Benefits

Governance for Juicebox is an evolving process. Right now, it is aligned with the two week funding cycle. Every member of the community can create a proposal for all aspects of the business including payouts, protocol change, and multisig changes. After a proposal is created , there is two day discussion period in which changes to the proposals are allowed. After this, a Temperature Check is created. If a quorum is reached, there is another discussion period. Once this period is over, the proposal is sent to a final, on-chain vote on Snapshot. The amount of tokens a person has is used as their voting power. If the proposal passes, there is a 4 day period in which those on the multisig implement the proposal. 

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Related

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