---
type: source
title: "Futardio: Appoint Nallok and Proph3t Benevolent Dictators for Three Months?"
author: "futard.io"
url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
date: 2024-03-26
domain: internet-finance
format: data
status: entity-data
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
---

## Proposal Details
- Project: MetaDAO
- Proposal: Appoint Nallok and Proph3t Benevolent Dictators for Three Months?
- Status: Passed
- Created: 2024-03-26
- URL: https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW
- Description: Takeover BDF3M
- Categories: {'category': 'Operations'}

## Summary

### 🎯 Key Points  
This proposal aims to appoint Proph3t and Nallok as Benevolent Dictators for three months to expedite decision-making and business operations within MetaDAO while managing retroactive compensation and enhancing the proposal process.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
Stakeholders will benefit from quicker decision-making and improved operational efficiency, potentially increasing MetaDAO's chances of success.

#### 📈 Upside Potential  
The proposal could lead to a more agile organization capable of completing 10 GitHub issues weekly and enhancing community engagement through regular updates.

#### 📉 Risk Factors  
If the proposal fails, it could significantly decrease the likelihood of MetaDAO's success by over 20%, jeopardizing its future operations.

## Content

#### Entrepreneur(s)

Proph3t, Nallok

## Overview

Today, MetaDAO is not executing as fast as a normal startup would. At the crux of this is that *the current proposal process is too slow and costly*. We can and will fix that, but in the short-term we need some of MetaDAO's key decisions to be made outside of the proposal process.

This proposal would appoint Proph3t and Nallok to be Benevolent Dictators For 3 Months (BDF3M). Their term would be from the finalization of this proposal to June 30th. At that point, either the futarchy will be able to function autonomously or another proposal will need to be raised.

We are requesting 1015 META and 100,000 USDC to handle 4 months of retroactive compensation (December - March) and 3 months of forward-looking compensation (April - June). So an average of 145 META and $14,000 per month.

Given that this is a critical juncture in MetaDAO's timeline, we believe that this proposal failing would decrease the probability of MetaDAO's success by more than 20%.

## OKRs

#### Execute faster
- Complete 10 issues on GitHub per week

#### Handle business operations
- Perform retroactive compensation for the months of December, January, February, and March within 1 week of the proposal passing
- Perform operations compensation for April, May, and June
- Oversee the creation of a new kickass landing page

## Project

If passed, this proposal would appoint Proph3t and Nallok as interim leaders. The following would fall under their domain:
- Retroactive compensation for all contributions to MetaDAO prior to this proposal
- Managing ongoing business operations, including:
  - Steering the off-chain proposal process, including providing proposal and communication guidelines for proposers and compensating proposers when appropriate
  - Steering MetaDAO-wide project management
  - Handling any expenses or required activities required to operate effectively
  - Improving the security and efficacy of the core futarchy mechanism
  - Providing monthly updates to the MetaDAO community
- Compensation for current contributors, including the incentive-based part

The proposal would also allow Nallok or Proph3t to make exceptional use grants for MetaDAO's code licenses.

For technical reasons, no META nor USDC would come directly from the DAO's treasury. It would instead come from various multisigs.

Although we make no hard commitments, the META would likely be issued in 5-year locked form, as described [here](https://medium.com/@metaproph3t/-6d9ca555363e).

## Raw Data

- Proposal account: `BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW`
- Proposal number: 14
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
- Autocrat version: 0.1
- Completed: 2024-03-31
- Ended: 2024-03-31
