---
type: source
title: "Futardio: Establish Development Fund?"
author: "futard.io"
url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
date: 2024-12-05
domain: internet-finance
format: data
status: processed
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Factual governance proposal data. Created decision_market entity for the proposal and parent entity for COAL project. No novel claims about futarchy mechanisms—this is a straightforward failed treasury proposal. The failure is notable as data point but doesn't generate mechanism insights beyond what existing claims already cover."
---

## Proposal Details
- Project: coal
- Proposal: Establish Development Fund?
- Status: Failed
- Created: 2024-12-05
- URL: https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
- Description: Should COAL establish a development fund?
- Categories: {'category': 'Governance'}
- Discussion: https://discord.gg/YeJTmTqQG4

## Summary

### 🎯 Key Points  
Establish a Development Fund through a 4.2% emissions allocation to support protocol development, reward community contributions, and enable marketing initiatives for the \$COAL ecosystem.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
This proposal provides a structured funding mechanism that benefits community members and developers by rewarding contributions and fostering innovation.

#### 📈 Upside Potential  
The fund has the potential to enhance project sustainability and growth, leading to a more robust \$COAL ecosystem.

#### 📉 Risk Factors  
Implementing the fund may dilute mining rewards and could create tension among miners if perceived as reducing their share of emissions.

## Content

## Overview
Since its fair launch in August 2024, \$COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.

To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**. 

This fund will:
- Support on-going protocol development and innovation
- Reward community-driven initiatives and contributions
- Enable marketing and growth initiatives to expand the \$COAL ecosystem

## Details
The emissions allocation will be 4.2% of the current mining emission rate:

11,250 * 0.042 = 472.5 (development allocation per day)

To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.

The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.

#### Example for Future Adjustments:
If the emission rate were adjusted to 10,000 \$COAL/day:
- Mining rewards: 9,580 \$COAL/day
- Development allocation: 420 \$COAL/day

## Raw Data

- Proposal account: `DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U`
- Proposal number: 2
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
- Proposer: `AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r`
- Autocrat version: 0.3
- Completed: 2024-12-08
- Ended: 2024-12-08


## Key Facts
- COAL fair launched August 2024 with no pre-mine or team allocation
- Base emission rate: 11,250 COAL/day
- Proposed development allocation: 472.5 COAL/day (4.2%)
- Development fund proposal failed 2024-12-08 after 3-day voting period
- Proposal included weekly claims, public expenditure tracking, DAO-managed multisig
