diff --git a/checklists/templates/terminus-setup.md b/checklists/templates/terminus-setup.md
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+# Set up the Terminus contract
+
+This checklist describes how to activate the Terminus contract so that projects can start using it for
+decentralized authorization.
+
+## Environment variables
+
+- [ ] `export DAO_NETWORK=<desired brownie network>`
+- [ ] `export DAO_OWNER=<path to keystore file for owner account>`
+- [ ] `export DAO_OWNER_ADDRESS=$(jq -r .address $DAO_OWNER)`
+- [ ] `export GAS_PRICE="<N> gwei"`
+- [ ] `export CONFIRMATIONS=<M>`
+- [ ] `export MOONSTREAM_DIAMOND=<address of Moonstream token diamond proxy>`
+- [ ] `export TERMINUS_DIAMOND=<address of Terminus diamond proxy>`
+- [ ] `export TERMINUS_POOL_BASE_PRICE=<base price for creation of Terminus pools>`
+
+## Set up Terminus so that people can create pools
+
+- [ ] Set pool base price:
+
+```bash
+dao terminus set-pool-base-price \
+    --network $DAO_NETWORK \
+    --address $TERMINUS_DIAMOND \
+    --sender $DAO_OWNER \
+    --gas-price "$GAS_PRICE" \
+    --confirmations $CONFIRMATIONS \
+    --new-base-price $TERMINUS_POOL_BASE_PRICE
+```
+
+- [ ] Check pool base price: `dao terminus pool-base-price --network $DAO_NETWORK --address $TERMINUS_DIAMOND`
+
+- [ ] Pool base price should be same as `$TERMINUS_POOL_BASE_PRICE`
+
+- [ ] Set up payment token:
+
+```bash
+dao terminus set-payment-token \
+    --network $DAO_NETWORK \
+    --address $TERMINUS_DIAMOND \
+    --sender $DAO_OWNER \
+    --gas-price "$GAS_PRICE" \
+    --confirmations $CONFIRMATIONS \
+    --new-payment-token $MOONSTREAM_DIAMOND
+```
+
+- [ ] Check payment token: `dao terminus payment-token --network $DAO_NETWORK --address $TERMINUS_DIAMOND`
+
+- [ ] Payment token should be same as `$MOONSTREAM_DIAMOND`
diff --git a/checklists/terminus-setup-20211222-2049.md b/checklists/terminus-setup-20211222-2049.md
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+# Set up the Terminus contract
+
+This checklist describes how to activate the Terminus contract so that projects can start using it for
+decentralized authorization.
+
+## Environment variables
+
+- [x] `export DAO_NETWORK=polygon-test`
+- [x] `export DAO_OWNER=.secrets/dao-dev.json`
+- [x] `export DAO_OWNER_ADDRESS=$(jq -r .address $DAO_OWNER)`
+- [x] `export GAS_PRICE="35 gwei"`
+- [x] `export CONFIRMATIONS=2`
+- [x] `export MOONSTREAM_DIAMOND=$(jq -r .Diamond .secrets/moonstream-mumbai-diamond.json)`
+- [x] `export TERMINUS_DIAMOND=$(jq -r .Diamond .secrets/terminus-mumbai-diamond.json)`
+- [ ] `export TERMINUS_POOL_BASE_PRICE=1000000000000000000`
+
+## Set up Terminus so that people can create pools
+
+- [x] Set pool base price:
+
+```bash
+dao terminus set-pool-base-price \
+    --network $DAO_NETWORK \
+    --address $TERMINUS_DIAMOND \
+    --sender $DAO_OWNER \
+    --gas-price "$GAS_PRICE" \
+    --confirmations $CONFIRMATIONS \
+    --new-base-price $TERMINUS_POOL_BASE_PRICE
+```
+
+- [x] Check pool base price: `dao terminus pool-base-price --network $DAO_NETWORK --address $TERMINUS_DIAMOND`
+
+- [x] Pool base price should be same as `$TERMINUS_POOL_BASE_PRICE`
+
+- [x] Set up payment token:
+
+```bash
+dao terminus set-payment-token \
+    --network $DAO_NETWORK \
+    --address $TERMINUS_DIAMOND \
+    --sender $DAO_OWNER \
+    --gas-price "$GAS_PRICE" \
+    --confirmations $CONFIRMATIONS \
+    --new-payment-token $MOONSTREAM_DIAMOND
+```
+
+- [x] Check payment token: `dao terminus payment-token --network $DAO_NETWORK --address $TERMINUS_DIAMOND`
+
+- [x] Payment token should be same as `$MOONSTREAM_DIAMOND`