Add/remove members

Chelo Lending user guide

We can add and remove members from our mini-DAO:

  • If we click on the “Member list” button in our mini-DAO interface, we will go to another screen with the current members and their stake.

  • If we click on the “+” symbol a modal will appear to add more members to the mini-DAO, we can add as many members as we want in a single transaction. That transaction must be approved by the Main-DAO, since that dao is the manager of our members.

  • If we click on the trash Icon we will be asked to “reduce the stake” of the member. For membership mini-DAOs this will be only one (Since members can only have 1 token), for the other DAO types it can be more than one. Once this transaction and vote is approved it will “burn the tokens” of those members, reducing or removing their voting power to approve loans.

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