---
type: decision
entity_type: decision_market
name: "IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens"
domain: internet-finance
status: passed
parent_entity: "[[deans-list]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://v1.metadao.fi/deans-list/trade/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
proposal_date: 2024-06-08
resolution_date: 2024-06-11
category: "grants"
summary: "Allocate 1M $DEAN tokens ($1,300 USDC equivalent) to University of Waterloo Blockchain Club to attract 200 student contributors with 5% FDV increase condition"
tracked_by: rio
created: 2026-03-11
source_archive: "inbox/archive/2024-06-08-futardio-proposal-reward-the-university-of-waterloo-blockchain-club-with-1-mil.md"
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- "deans-list-fund-website-redesign"
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reweave_edges:
- "{\"Dean's List\": 'Fund Website Redesign|related|2026-04-18'}"
- "{\"Dean's List\": 'ThailandDAO Event Promotion to Boost Governance Engagement|related|2026-04-18'}"
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- "Dean's List: ThailandDAO Event Promotion to Boost Governance Engagement|related|2026-04-19"
---

# IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens

## Summary
Proposal to allocate 1 million $DEAN tokens (equivalent to $1,300 USDC at time of proposal) to the University of Waterloo Blockchain Club's 200 members. The proposal was structured as a conditional grant requiring a 5% increase in The Dean's List DAO's fully diluted valuation (from $115,655 to $121,438) measured over a 5-day trading period. The proposal passed, indicating market confidence that student engagement would drive sufficient value creation.

## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Trading Period:** 5 days (2024-06-08 to 2024-06-11)
- **Grant Amount:** 1,000,000 $DEAN tokens ($1,300 USDC equivalent)
- **Success Condition:** 5% FDV increase ($5,783 increase required)
- **Target Participants:** 200 University of Waterloo Blockchain Club members
- **Estimated ROI:** $4.45 benefit per dollar spent (based on proposal model)

## Significance
This proposal demonstrates futarchy-governed talent acquisition and community grants. Rather than a simple token distribution, the proposal structured the grant as a conditional bet on whether university partnership would increase DAO valuation. The pass condition required measurable market impact (5% FDV increase) within a defined timeframe, making the grant accountable to token price performance rather than subjective governance approval.

The proposal's economic model calculated that each of 200 students needed to contribute activities worth ~$28.92 in FDV increase to justify the $1,300 investment. The market's decision to pass suggests traders believed student engagement (dApp reviews, testing, social promotion, development) would exceed this threshold.

This represents an early experiment in using futarchy for partnership and grant decisions, where traditional DAOs would use token-weighted voting without price accountability.

## Relationship to KB
- [[deans-list]] - parent organization making the grant decision
- [[futardio]] - platform enabling the conditional market governance
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - mechanism used for this decision

## Full Proposal Text

*Source: futard.io, tabled 2024-06-08*

### Introduction
This proposal aims to allocate 1 million $DEAN tokens to the University of Waterloo Blockchain Club. The goal is to foster deeper collaboration, attract and incentivize top talent to contribute to our ecosystem and strengthen the overall partnership.

### Goal
1. Foster Deeper Collaboration: Strengthening the relationship between The Dean's List DAO and the University of Waterloo Blockchain Club.
2. Attract & Incentivize Top Talent: Encouraging top-tier students to contribute to our ecosystem.

### Benefits
1. Strengthened Partnership & Potential Collaboration Opportunities
2. Access to a Skilled Talent Pool: 200 students skilled in blockchain technology and web3 development
3. Encourage Participation in the DL DAO Governance

### Token Allocation and Value
- Token Allocation: 1 million $DEAN tokens
- Equivalent Value: 1 million $DEAN = 1300 $USDC
- Fully Diluted Valuation: $115,655

### Proposal Conditions
For this proposal to pass, the partnership should result in a 5% increase in the TWAP of The Dean's List DAO's FDV. Trading period: 5 days.

- Required Increase (5%): $5,783
- Number of Students: 200
- Average Increase per Student: $28.915
- Benefit per Dollar: $4.45

### Conclusion
Strategic investment in the future growth and sustainability of The Dean's List DAO through partnership with the University of Waterloo Blockchain Club.