A comprehensive solution for intuitive DAO creation, on-chain voting, governance & treasury management, access to DeFi utilities and more.
The Summon Platform
A comprehensive solution for intuitive DAO creation, on-chain voting, governance & treasury management, and access to DeFi utilities designed to enable high-functioning DAOs to flourish on Cardano.
The Summon Platform consists of open-source, on-chain (PlutusTx and Plutarch validation) code, off-chain computation code (written with Lucid and the cardano-transaction-lib) and server code that runs on the back-end, hosted by the Summon Platform. The Summon team will take advantage of open-source code being developed by the ADAO Community and other Cardano organizations, contributing to those repositories to advance the ecosystem. Summon will also develop off-chain code that will remain closed source to protect proprietary products, with other code being produced on a delayed, open-source model, as deemed appropriate.
Summon allows for users to create, update, and manage DAOs. It also allows for DAOs to manage other DAOs via a controlling stake, and will continue to operate with the highest possible levels of interoperability. This means that DAOs will not be operating in isolation, but instead can directly interact with Decentralized Finance (DeFi) systems in a variety of contexts, subject to certain criteria predetermined by the DAO. Some of the distinguishing elements of the Summon Platform include the ability to utilize different strategies to collect a return in DeFi, and having these strategies directly implemented into Plutus-Core validators.
Summon DAO Tokens (SUMMON tokens) are the official tokens of the Summon Association and provide several forms of utility.
First, holders of Summon tokens are considered part of the Summon Member Community and are eligible for representation at the Summon Association Assembly according to its Articles of Association. SUMMON tokens serve as a decentralized governance mechanism for the Summon Platform. Utilizing the same tools that the platform offers to others, stakeholders will be given direct governance over specific features and parameters of the platform. This will provide incentive for active interest and utilization of the token by the user community. Through the DAO governance interface, token holders may directly influence development of the platform.
Summon brings the opportunity for average Cardano users to create DAOs around the Agora standard, while operating with high levels of interoperability and capability in decentralized finance on Cardano. For Protocol developers, Summon offers an intuitive interface to implement and parameterize high assurance governance smart contracts on Cardano. It also enables protocol users to easily interact with and participate in governance of the protocol.