---
type: decision
entity_type: decision_market
name: "MetaDAO: Swap $150,000 into ISC?"
domain: internet-finance
status: failed
parent_entity: "[[metadao]]"
platform: "futardio"
proposer: "@Richard_ISC"
proposal_url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
proposal_date: 2024-10-30
resolution_date: 2024-11-03
category: "treasury"
summary: "Proposal to convert $150,000 USDC (6.8% of treasury) into ISC stablecoin to hedge against dollar devaluation"
tracked_by: rio
created: 2026-03-11
---

# MetaDAO: Swap $150,000 into ISC?

## Summary
MetaDAO proposed converting $150,000 USDC (approximately 6.8% of its $2.2M treasury) into ISC, a Solana-native inflation-resistant stablecoin. The proposal argued that holding USD exposes the DAO to devaluation risk (17.8% loss since 2020) and that ISC's basket-collateralized design (20% each: cash, commodities, treasuries, bonds, equities) provides better value preservation. The proposal failed.

## Market Data
- **Outcome:** Failed
- **Proposer:** @Richard_ISC (ISC team member)
- **Treasury Context:** MetaDAO held ~$2.2M USDC at proposal time
- **Proposed Allocation:** 6.8% of treasury
- **Execution Plan:** DCA order on Jupiter (10 orders over 10 hours, $15K each, price range $1.70-$1.90)

## Significance
This proposal represents an early test case for DAO treasury diversification into alternative stablecoins through futarchy governance. The failure suggests either:
1. Market skepticism about ISC's value proposition relative to USDC
2. Risk aversion to allocating treasury to a smaller, newer stablecoin
3. Concerns about the proposer's conflict of interest (ISC team member)

The proposal included a reciprocal governance commitment: ISC would use MetaDAO futarchy for its own governance decisions (removing freeze authority, basket composition changes), positioning this as a potential partnership rather than pure treasury management.

## Relationship to KB
- [[metadao]] - treasury management decision
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - relevant to understanding market participation patterns