diff --git a/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md b/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md new file mode 100644 index 00000000..6f53c784 --- /dev/null +++ b/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md @@ -0,0 +1,52 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW" +proposal_date: 2024-03-26 +resolution_date: 2024-03-31 +category: "strategy" +summary: "Appointed Proph3t and Nallok as interim leaders with authority over compensation, operations, and business decisions for three months to accelerate execution." +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months + +## Summary +This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to accelerate MetaDAO's execution velocity. The proposal allocated 1,015 META and 100,000 USDC for four months of retroactive compensation (December-March) and three months of forward-looking compensation (April-June), averaging 145 META and $14,000 per month. + +## Market Data +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Completed:** 2024-03-31 +- **Proposal Number:** 14 + +## Authority Granted +The BDF3M role included: +- Retroactive compensation for all prior MetaDAO contributions +- Managing ongoing business operations and project management +- Steering the off-chain proposal process and compensating proposers +- Handling operational expenses +- Improving futarchy mechanism security and efficacy +- Providing monthly community updates +- Making exceptional use grants for MetaDAO's code licenses + +## OKRs +- Complete 10 GitHub issues per week +- Process retroactive compensation within 1 week of passage +- Oversee creation of new landing page + +## Significance +This proposal represented a critical governance transition where MetaDAO acknowledged that "the current proposal process is too slow and costly" for startup-speed execution. The entrepreneurs stated that proposal failure would decrease MetaDAO's success probability by more than 20%, framing this as an existential decision point. The structure created a temporary centralized leadership layer above the futarchy mechanism to handle operational decisions while the core governance system matured. + +## Relationship to KB +- [[metadao]] - governance structure evolution +- [[proph3t]] - appointed leader +- [[nallok]] - appointed leader +- [[futardio]] - platform where proposal executed \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..9940e6a1 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2026-03** — Pine Analytics Q4 2025 quarterly report published - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets +- **2024-03-26** — [[metadao-appoint-nallok-proph3t-benevolent-dictators]] passed: Appointed Proph3t and Nallok as interim leaders for three months with 1,015 META and 100,000 USDC compensation to accelerate execution velocity ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md b/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md index 24630344..710a1048 100644 --- a/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md +++ b/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZ date: 2024-03-26 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-11 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Governance proposal entity created. No novel claims about futarchy mechanisms—this is operational/structural decision data. The 'slow proposal process' acknowledgment confirms existing claim about futarchy adoption friction but adds no new evidence. Entity captures the governance transition moment where MetaDAO layered temporary centralized leadership over futarchy." --- ## Proposal Details @@ -88,3 +92,11 @@ Although we make no hard commitments, the META would likely be issued in 5-year - Autocrat version: 0.1 - Completed: 2024-03-31 - Ended: 2024-03-31 + + +## Key Facts +- MetaDAO proposal 14 allocated 1,015 META and 100,000 USDC for seven months total compensation (2024-03-26) +- BDF3M term ran from proposal finalization through June 30, 2024 +- Proposal stated failure would decrease MetaDAO success probability by >20% +- Target execution velocity: 10 GitHub issues per week +- META likely issued in 5-year locked form per prior framework