---
type: entity
entity_type: decision_market
name: "Sanctum: DeFiance Capital CLOUD Token Acquisition Proposal"
domain: internet-finance
status: failed
parent_entity: "[[sanctum]]"
platform: "futardio"
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
proposal_url: "https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj"
proposal_date: 2025-10-22
resolution_date: 2025-10-25
category: "treasury"
summary: "DeFiance Capital proposed to purchase 13.7M CLOUD tokens (5% of community reserve) at $0.12 per token"
key_metrics:
  tokens_requested: "13.7M CLOUD"
  percentage_of_reserve: "5%"
  price_per_token: "$0.12"
  total_value: "$1.644M"
  pricing_basis: "30-day TWAP at proposal submission"
tracked_by: rio
created: 2026-03-11
---

# Sanctum: DeFiance Capital CLOUD Token Acquisition Proposal

## Summary
DeFiance Capital, a long-term strategic partner of Sanctum since 2021, proposed to acquire 13.7 million CLOUD tokens (5% of the community reserve) at $0.12 per token (30-day TWAP at proposal submission) for a total of $1.644M in USDC. The proposal emphasized DeFiance's historical contributions including initial investment, network introductions, LST partnership facilitation, and ongoing strategic advisory. The proposal failed on 2025-10-25.

## Market Data
- **Outcome:** Failed
- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- **Proposal Account:** CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj
- **DAO Account:** GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov
- **Duration:** 3 days (2025-10-22 to 2025-10-25)

## Significance
This proposal represents a test case for futarchy-governed treasury management where a strategic investor seeks to deepen alignment through direct token acquisition from community reserves. The failure suggests either market skepticism about the valuation ($0.12 based on historical TWAP vs. current price), concerns about diluting community reserves, or disagreement with the strategic value proposition. The proposal's structure—combining historical partnership narrative with future value commitments—reflects an attempt to price intangible strategic contributions through futarchy markets.

## Relationship to KB
- [[sanctum]] - parent entity governance decision
- [[defiance-capital]] - proposing entity
- [[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]] - governance mechanism used
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - treasury management pattern