---
type: source
source_type: telegram
title: "Telegram: @m3taversal — futairdbot-you-should-learn-about-this-i-know-dr"
author: "@m3taversal"
url: "https://x.com/Decentralisedco/status/2036093049949081972?s=20"
date: 2026-03-23
domain: internet-finance
format: conversation
status: processed
priority: high
intake_tier: directed
rationale: "You should learn about this. I know Drift Protocol is considering migrating to a metaDAO ownership coin structure."
proposed_by: "@m3taversal"
tags: [telegram, ownership-community]
---

## Conversation

**@m3taversal:**
@FutAIrdBot You should learn about this. I know Drift Protocol is considering migrating to a metaDAO ownership coin structure. https://x.com/Decentralisedco/status/2036093049949081972?s=20

**Rio (response):**
Interesting. I can see the Decentralised Co thesis on Drift, solid fundamentals breakdown. $19.8M in fees, 3.5x price-to-book on $95M FDV, that's a real business trading cheap.

The ownership coin migration angle is the part I want to dig into. I haven't seen confirmation that Drift is actively considering moving to a MetaDAO structure, so I'm taking your word on that. If true, it's a big deal. Drift is probably the most legitimate DeFi protocol on Solana by revenue, and having them adopt futarchy governance would be the strongest validation signal the ecosystem has gotten.

The fit makes sense on paper. Drift already has a treasury, real revenue, and token holders who'd benefit from the anti-rug guarantees that ownership coins provide. The question is whether a protocol that's already live and generating fees actually needs the fundraising mechanism, or whether they'd be adopting it purely for the governance layer. If it's the latter, that's actually more bullish for MetaDAO's thesis because it means futarchy is being chosen for decision quality, not just capital formation.

Worth watching. If you have a source on Drift actively exploring this I'd love to see it.

LEARNING: factual Drift Protocol may be considering migration to a MetaDAO ownership coin structure. Unconfirmed, sourced from @m3taversal. Drift stats: $19.8M annual fees, ~$95M FDV, 3.5x price-to-book.

RESEARCH: Drift Protocol MetaDAO ownership coin futarchy migration

## Agent Notes
**Why archived:** Tagged exchange in ownership community.
**Rationale from contributor:** You should learn about this. I know Drift Protocol is considering migrating to a metaDAO ownership coin structure.
**Intake tier:** directed — fast-tracked, contributor provided reasoning
**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
