---
type: entity
entity_type: decision_market
name: "MetaDAO: Engage in $250,000 OTC Trade with Colosseum"
domain: internet-finance
status: passed
parent_entity: "[[metadao]]"
platform: futardio
proposer: pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8
proposal_url: "https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1"
proposal_date: 2024-03-19
resolution_date: 2024-03-24
category: fundraise
summary: "Colosseum acquired up to $250,000 USDC worth of META tokens with dynamic pricing based on TWAP and 12-month vesting structure"
tracked_by: rio
created: 2026-03-11
key_metrics:
  offer_amount: "$250,000 USDC"
  price_mechanism: "TWAP-based with $850 cap, void above $1,200"
  immediate_unlock: "20%"
  vesting_period: "12 months linear"
  meta_spot_price: "$468.09 (2024-03-18)"
  meta_circulating_supply: "17,421 tokens"
  transfer_amount: "2,060 META (overallocated for price flexibility)"
---

# MetaDAO: Engage in $250,000 OTC Trade with Colosseum

## Summary
Colosseum proposed acquiring META tokens from MetaDAO's treasury for $250,000 USDC with a dynamic pricing mechanism tied to the pass market TWAP. The structure included 20% immediate unlock and 80% linear vesting over 12 months through Streamflow. The proposal included a sponsored DAO track ($50,000-$80,000 prize pool) in Colosseum's next hackathon as strategic partnership commitment.

## Market Data
- **Outcome:** Passed
- **Proposer:** pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8
- **Resolution:** 2024-03-24
- **Proposal Number:** 13

## Pricing Mechanism
The acquisition price per META was determined by conditional logic:
- If pass market TWAP < $850: price = TWAP
- If pass market TWAP between $850-$1,200: price = $850 (capped)
- If pass market TWAP > $1,200: proposal void, USDC returned

This created a price discovery mechanism with downside flexibility and upside protection for the treasury.

## Execution Structure
The proposal transferred 2,060 META to a 5/7 multisig (FhJHnsCGm9JDAe2JuEvqr67WE8mD2PiJMUsmCTD1fDPZ) with members from both Colosseum and MetaDAO. The overallocation (beyond the $250k/$850 = 294 META minimum) provided flexibility for price fluctuations, with excess META returned to treasury.

## Strategic Rationale
Colosseum positioned the investment as ecosystem development rather than pure capital deployment, emphasizing their ability to funnel hackathon participants and accelerator companies to MetaDAO. The sponsored DAO track commitment ($50k-$80k value) represented immediate reciprocal value beyond the token purchase.

## Significance
This represents one of the earliest institutional OTC acquisitions through futarchy governance, demonstrating that prediction markets can price complex multi-party agreements with conditional terms. The vesting structure and multisig execution show how futarchy-governed DAOs handle treasury operations requiring operational security beyond pure market mechanisms.

## Relationship to KB
- [[metadao]] — treasury management decision
- [[colosseum]] — strategic investor
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — confirms pattern