Involved assets:

1. Funds asset: An ASA specified when creating the DAO in which the funds will be managed. Expected to be a stable coin normally.
2. DAO shares: An ASA that represents DAO shares, locking shares entitles investors to a proportional share of the DAO's income (more exactly a share of a funds % dedicated to investors, defined by the DAO owner).

Contains the DAO's state.

Notes:

• When investors lock shares, the "already claimed" local state is set to how much they'd be entitled based on their current holdings. This way they can claim dividend only for future income.
• Unlocking shares opts out investors from the app. Partial unlocking is not possible (all the shares have to be unlocked). Partial locking is possible (the locked shares are incremented).

App escrow

Holds the DAO's funds. Flows:

1. Drain: retrieves the funds from customer_escrow. This is necessary to set the DAO's GLOBAL_RECEIVED_TOTAL global state, used to calculate the claimable dividend for the investors. Anyone can trigger this. This flow also sends the Capi fee ("global dividend") to capi_escrow.

2. Investing: The shares for sale are sent to this escrow when creating the DAOs. When users buy shares, the payment is sent to this escrow, and the bought shares become "locked" (via local and global state).

3. Withdrawing: The DAO owner withdraws funds (e.g. to pay for company's expenses). The DAO owner can withdraw all the funds, emptying the escrow and preventing investors from claiming their dividend. This is intended, for now.

4. Locking / unlocking: Investors lock shares here to be entitled to the dividend. Investors can unlock the shares (transfer them to themselves) by opting-out of the app.

Ownership

DAOs can be created by a single account (basic signature). During creation, they can optionally enter a different address as owner, which will be authorized to withdraw funds, update the DAO's smart contracts and data. This allows to configure a multisig while keeping the DAO creation flow simple.

This is where DAO's customers send payments. It can only send funds to the DAO's escrow.