rio: extract from 2024-06-08-futardio-proposal-reward-the-university-of-waterloo-blockchain-club-with-1-mil.md
- Source: inbox/archive/2024-06-08-futardio-proposal-reward-the-university-of-waterloo-blockchain-club-with-1-mil.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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## Timeline
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- **2024-12-19** — [[deans-list-implement-3-week-vesting]] passed: 3-week linear vesting for DAO payments to reduce sell pressure from 80% immediate liquidation to 33% weekly rate, projected 15%-25% valuation increase
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- **2024-06-08** — [[islanddao-reward-waterloo-blockchain-club]] passed: allocated 1M $DEAN tokens ($1,300 USDC) to University of Waterloo Blockchain Club targeting 200 students for governance participation
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---
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type: entity
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entity_type: decision_market
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name: "IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens"
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domain: internet-finance
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status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
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proposal_date: 2024-06-08
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resolution_date: 2024-06-11
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category: "grants"
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summary: "Allocate 1M $DEAN tokens ($1,300 USDC equivalent) to University of Waterloo Blockchain Club to attract talent and increase governance participation"
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tracked_by: rio
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created: 2026-03-11
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---
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# IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens
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## Summary
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This proposal allocated 1 million $DEAN tokens (equivalent to $1,300 USDC at the time) to the University of Waterloo Blockchain Club. The stated goals were to foster collaboration, attract top talent from the club's 200 student members, and increase participation in Dean's List DAO governance. The proposal set a success condition requiring a 5% increase in the DAO's fully diluted valuation (FDV) over a 5-day trading period.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Token Allocation:** 1,000,000 $DEAN (~$1,300 USDC)
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- **FDV at Proposal:** $115,655
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- **Required FDV Increase:** $5,783 (5%)
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- **Trading Period:** 5 days
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- **Completed:** 2024-06-11
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## Significance
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This proposal demonstrates futarchy-governed grant allocation with explicit ROI metrics. The proposal calculated that each of the 200 students needed to contribute activities increasing FDV by approximately $28.92 to meet the success threshold, yielding an estimated benefit of $4.45 per dollar spent. The tokens were to be held in a multi-signature wallet for secure management.
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The proposal represents an early experiment in using conditional markets to evaluate partnership and talent acquisition investments, with measurable success criteria tied to token price performance.
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## Relationship to KB
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- [[deans-list]] - governance decision for talent acquisition
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- [[futardio]] - platform used for decision market
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- [[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]] - mechanism used (5-day TWAP window in this case)
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbd
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date: 2024-06-08
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Factual governance proposal data. Created decision_market entity for the proposal and updated parent entity timeline. No novel claims about futarchy mechanisms - the ROI calculation and success metrics are specific to this proposal rather than generalizable insights about futarchy governance."
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---
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## Proposal Details
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@ -106,3 +110,11 @@ This proposal to allocate 1 million `$DEAN` tokens to the University of Waterloo
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- Autocrat version: 0.3
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- Completed: 2024-06-11
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- Ended: 2024-06-11
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## Key Facts
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- IslandDAO FDV was $115,655 on 2024-06-08
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- University of Waterloo Blockchain Club has 200 student members
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- 1 million $DEAN tokens = $1,300 USDC equivalent (2024-06-08)
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- Proposal required 5% FDV increase ($5,783) over 5-day trading period
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- Calculated benefit per dollar spent: $4.45
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