---
type: archive
title: "Futarchy Proposal: Drift Proposal for B.E.T"
source_url: https://futarchy.metadao.fi/proposal/drift-proposal-for-bet
date_published: 2024-08-28
date_accessed: 2024-08-28
author: MetaDAO
status: null-result
enrichments_applied: []
extraction_notes: |
  This is a specific empirical data point about a failed MetaDAO proposal.
  No novel claims warranted - this serves as evidence for existing claims about
  futarchy behavior and market dynamics. The proposal failed with minimal PASS
  market activity, exemplifying limited trading volume in uncontested decisions.
---

# Futarchy Proposal: Drift Proposal for B.E.T

## Summary

This proposal on MetaDAO's futarchy platform sought to allocate 100,000 USDC to Drift Protocol for B.E.T (Betting Exchange Technology). The proposal failed on August 28, 2024, with the PASS market showing minimal trading activity.

## Proposal Details

- **Proposal ID**: Drift Proposal for B.E.T
- **Date**: August 28, 2024
- **Requested Amount**: 100,000 USDC
- **Outcome**: Failed
- **PASS Market Activity**: Minimal volume
- **FAIL Market Activity**: Not specified in source

## Context

Drift is described in the proposal as "the largest open-sourced perpetual futures exchange on Solana." The proposal aimed to secure funding for their Betting Exchange Technology initiative.

The failure of this proposal with minimal PASS market activity provides empirical evidence of futarchy market behavior in cases of limited trader interest or disagreement.

## Extraction Metadata

- **Extracted**: 2024-08-28
- **Extractor**: Autocrat v0.3
- **Status**: null-result (empirical data point, no novel claims)
- **Enrichments Applied**: None (referenced claims from other batches removed per review)