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NOTE : 12.1 -- REWRITE

Masternode Budget API

Dash now supports full decentralized budgets that are paid directly from the blockchain via superblocks once per month.

Budgets go through a series of stages before being paid:

  • prepare - create a special transaction that destroys coins in order to make a proposal
  • submit - propagate transaction to peers on network
  • voting - lobby for votes on your proposal
  • get enough votes - make it into the budget
  • finalization - at the end of each payment period, proposals are sorted then compiled into a finalized budget
  • finalized budget voting - masternodes that agree with the finalization will vote on that budget
  • payment - the winning finalized budget is paid
  1. Prepare collateral transaction --

In this transaction we prepare collateral for "cool-project". This proposal will pay 1200 DASH, 12 times over the course of a year totaling 24000 DASH.

Warning: if you change any fields within this command, the collateral transaction will become invalid.

Format: mngovernance prepare proposal-name url payment-count block-start dash-address monthly-payment-dash

Example: mngovernance prepare cool-project http://www.cool-project/one.json 12 100000 y6R9oN12KnB9zydzTLc3LikD9cCjjQzYG7 1200 true

Output: 464a0eb70ea91c94295214df48c47baa72b3876cfb658744aaf863c7b5bf1ff0

This is the collateral hash, copy this output for the next step.

2 Submit proposal to network

Now we can submit our proposal to the network.

Format: mngovernance submit proposal-name url payment-count block-start dash-address monthly-payment-dash fee-tx

Example: mngovernance submit cool-project http://www.cool-project/one.json 12 100000 y6R9oN12KnB9zydzTLc3LikD9cCjjQzYG7 1200 464a0eb70ea91c94295214df48c47baa72b3876cfb658744aaf863c7b5bf1ff0

Output : a2b29778ae82e45a973a94309ffa6aa2e2388b8f95b39ab3739f0078835f0491

This is your proposal hash, which other nodes will use to vote on it.

  1. Lobby for votes --

Double check your information.

Format: mngovernance getproposal proposal-hash

Example: mngovernance getproposal a2b29778ae82e45a973a94309ffa6aa2e2388b8f95b39ab3739f0078835f0491 

{
    "Name" : "cool-project",
    "Hash" : "a2b29778ae82e45a973a94309ffa6aa2e2388b8f95b39ab3739f0078835f0491",
    "FeeHash" : "464a0eb70ea91c94295214df48c47baa72b3876cfb658744aaf863c7b5bf1ff0",
    "URL" : "http://www.cool-project/one.json",
    "BlockStart" : 100000,
    "BlockEnd" : 100625,
    "TotalPaymentCount" : 12,
    "RemainingPaymentCount" : 12,
    "PaymentAddress" : "y6R9oN12KnB9zydzTLc3LikD9cCjjQzYG7",
    "Ratio" : 0.00000000,
    "Yeas" : 0,
    "Nays" : 0,
    "Abstains" : 0,
    "TotalPayment" : 14400.00000000,
    "MonthlyPayment" : 1200.00000000,
    "IsValid" : true,
    "fValid" : true
}

If everything looks correct, you can ask for votes from other masternodes. To vote on a proposal, load a wallet with masternode.conf file. You do not need to access your cold wallet to vote for proposals.

Format: mngovernance vote proposal-hash [yes|no]

Example: mngovernance vote a2b29778ae82e45a973a94309ffa6aa2e2388b8f95b39ab3739f0078835f0491 yes

  1. Make it into the budget --

After you get enough votes, execute mngovernance projection to see if you made it into the budget. If you the budget was finalized at this moment which proposals would be in it. Note: Proposals must be active at least 1 day on the network and receive 10% of the masternode network in yes votes in order to qualify (E.g. if there is 3500 masternodes, you will need 350 yes votes.)

mngovernance projection:

{
    "cool-project" : {
        "Hash" : "a2b29778ae82e45a973a94309ffa6aa2e2388b8f95b39ab3739f0078835f0491",
        "FeeHash" : "464a0eb70ea91c94295214df48c47baa72b3876cfb658744aaf863c7b5bf1ff0",
        "URL" : "http://www.cool-project/one.json",
        "BlockStart" : 100000,
        "BlockEnd" : 100625,
        "TotalPaymentCount" : 12,
        "RemainingPaymentCount" : 12,
        "PaymentAddress" : "y6R9oN12KnB9zydzTLc3LikD9cCjjQzYG7",
        "Ratio" : 1.00000000,
        "Yeas" : 33,
        "Nays" : 0,
        "Abstains" : 0,
        "TotalPayment" : 14400.00000000,
        "MonthlyPayment" : 1200.00000000,
        "IsValid" : true,
        "fValid" : true
    }
}
  1. Finalized budget --
"main" : {
        "FeeTX" : "d6b8de9a4cadfe148f91e8fe8eed407199f96639b482f956ae6f539b8339f87c",
        "Hash" : "6e8bbaba5113de592f6888f200f146448440b7e606fcf62ef84e60e1d5ac7d64",
        "BlockStart" : 100000,
        "BlockEnd" : 100000,
        "Proposals" : "cool-project",
        "VoteCount" : 46,
        "Status" : "OK"
    },
  1. Get paid --

When block 1000000 is reached you'll receive a payment for 1200 DASH to y6R9oN12KnB9zydzTLc3LikD9cCjjQzYG7.

  1. Command list --

The following RPC commands are supported:

  • mngovernance "command"... ( "passphrase" )
  • check - Scan proposals and remove invalid from proposals list
  • prepare - Prepare proposal by signing and creating tx
  • submit - Submit proposal to network
  • getproposalhash - Get proposal hash(es) by proposal name
  • getproposal - Show proposal
  • getvotes - Show detailed votes list for proposal
  • list - List all proposals
  • nextblock - Get info about next superblock for budget system
  • nextsuperblocksize - Get superblock size for a given blockheight
  • projection - Show the projection of which proposals will be paid the next cycle
  • vote - Vote on a proposal by single masternode (using dash.conf setup)
  • vote-many - Vote on a proposal by all masternodes for which the voting key is in the wallet
  • vote-alias - Vote on a proposal by alias
  • mnfinalbudget "command"... ( "passphrase" )
  • vote-many - Vote on a finalized budget
  • vote - Vote on a finalized budget
  • show - Show existing finalized budgets
  • getvotes - Get vote information for each finalized budget
  • prepare - Manually prepare a finalized budget
  • submit - Manually submit a finalized budget