---
type: source
title: "Futardio: Engage in $6M OTC with DBA and Variant?"
author: "futard.io"
url: "https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB"
date: 2025-10-09
domain: internet-finance
format: data
status: null-result
tags: [futarchy, solana, governance, metadao]
event_type: proposal
---

## Proposal Details
- Project: MetaDAO
- Proposal: Engage in $6M OTC with DBA and Variant?
- Status: Failed
- Created: 2025-10-09
- URL: https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB
- Description: If passed, this proposal would sell $6m of META to DBA and Variant at $4.0795 per META, equivalent to a ~$85MM market cap.
- Discussion: https://discord.gg/9H8p3Ghxb7

## Summary

### 🎯 Key Points
This proposal aims to sell $6M worth of META tokens to DBA and Variant at a price of $4.0795 per token, increasing the market cap to approximately $85M, and to expand MetaDAO's team for improved operational efficiency.

### 📊 Impact Analysis
#### 👥 Stakeholder Impact
DBA and Variant will receive META tokens, potentially strengthening their partnership with MetaDAO while increasing the DAO's cash reserves.

#### 📈 Upside Potential
The influx of $6M will provide MetaDAO with additional runway and resources to hire new team members, enhancing productivity and project execution.

#### 📉 Risk Factors
If DBA or Variant fail to fulfill their financial commitments, it may jeopardize the planned token distribution and MetaDAO's financial strategy.

## Content

If passed, this proposal would sell $6m of META to [DBA](https://dba.xyz/) and [Variant](https://variant.fund/) at $4.0795 per META, equivalent to a \~$85MM market cap.

## Motivation 

MetaDAO currently has [\~$1.8m in cash](https://v1.metadao.fi/transparency), which equates to \~24 months of runway. 

We have a pretty small team right now \- it’s me and Kollan, our founding engineer, a part-time designer, and a twitter intern.

We like keeping our team lean \- many times, bigger teams actually go slower than small teams \- but we think we could go faster if we expanded (hired full-time designer \+ another 1-2 engineer(s)) and it’d also be nice to have more runway.

## Logistics

If passed, this proposal would mint **1,470,768 META** to this [5/6 multisig](https://app.squads.so/squads/6mYWxA7Jrvxqbj2yrcueupuQAgT1WsFwyLTZB382rdFc/home) (6mYWxA7Jrvxqbj2yrcueupuQAgT1WsFwyLTZB382rdFc), containing Kollan and Proph3t from MetaDAO, Michael and [Jon Charbonneau](https://x.com/jon_charb) from DBA, and two addresses from [Jesse Walden](https://x.com/jessewldn) at Variant.

DBA and Variant agree to each send 3,000,000 USDC to that multisig, which would then send them each 735,384 META and then the USDC to [MetaDAO’s treasury](https://app.squads.so/squads/BxgkvRwqzYFWuDbRjfTYfgTtb41NaFw1aQ3129F79eBT/home).

Tokens would be fully unlocked \- we don’t believe in locking up non-team supply.

If for some reason one or both parties don’t send their end, we would attempt to burn the relevant tokens.

## Raw Data

- Proposal account: `HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB`
- Proposal number: 2
- DAO account: `Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km`
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
- Autocrat version: 0.5
