rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
- Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
This commit is contained in:
Teleo Agents
parent
ba4ac4a73e
commit
0325859196
4 changed files with 63 additions and 1 deletions
|
|
@ -0,0 +1,48 @@
|
|||
---
|
||||
type: entity
|
||||
entity_type: decision_market
|
||||
name: "MetaDAO: Execute Creation of Spot Market for META"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e"
|
||||
proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
|
||||
proposal_date: 2024-02-05
|
||||
resolution_date: 2024-02-10
|
||||
category: "treasury"
|
||||
summary: "Authorized 4,130 META transfer to 4/6 multisig to execute fundraise and create liquidity pool at 35 USDC/META initial price"
|
||||
tracked_by: rio
|
||||
created: 2026-03-11
|
||||
---
|
||||
|
||||
# MetaDAO: Execute Creation of Spot Market for META
|
||||
|
||||
## Summary
|
||||
Proposal 5 authorized the execution of MetaDAO's fundraise plan (approved in Proposal 3) by transferring 4,130 META to a 4/6 multisig for distribution to sale participants (3,100 META), liquidity pool creation on Meteora (1,000 META paired with 35,000 USDC), and multisig compensation (30 META). The proposal implemented a multi-step process: demand collection via Google form, allocation by Proph3t, 2-day USDC transfer deadline, backfill for non-compliance, and final META distribution with LP creation.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
|
||||
- **Proposal Number:** 5
|
||||
- **Autocrat Version:** 0.1
|
||||
- **Completed:** 2024-02-10
|
||||
|
||||
## Execution Details
|
||||
- **Multisig:** 4/6 (Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis)
|
||||
- **Total META Allocated:** 4,130
|
||||
- 3,100 META to sale participants
|
||||
- 1,000 META for LP (paired with 35,000 USDC)
|
||||
- 30 META multisig compensation (5 META each)
|
||||
- **Initial Price:** 35 USDC/META
|
||||
- **Target Raise:** 75,000 USDC
|
||||
- **Liquidity Platform:** Meteora (likely)
|
||||
|
||||
## Significance
|
||||
This proposal demonstrates futarchy governance extending beyond binary decisions to complex multi-step treasury operations requiring human execution. The explicit acknowledgment that "there is no algorithmic guarantee that the multisig members will actually perform this" reveals the hybrid nature of futarchy implementation: markets determine WHAT to do, trusted parties determine HOW to execute, with reputation as the enforcement mechanism. The proposal also shows the operational complexity of fundraising mechanics: demand collection, allocation decisions, payment deadlines, and backfill processes that cannot be fully automated.
|
||||
|
||||
## Relationship to KB
|
||||
- [[metadao]] - parent organization executing fundraise
|
||||
- [[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]] - governance mechanism used
|
||||
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - demonstrates this pattern
|
||||
- [[meteora]] - likely liquidity platform for LP creation
|
||||
|
|
@ -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
|
||||
- **2024-02-05** — [[metadao-execute-creation-spot-market-meta]] passed: Authorized 4,130 META transfer to 4/6 multisig to execute fundraise (3,100 META to participants, 1,000 META + 35,000 USDC for Meteora LP at 35 USDC/META initial price, 30 META multisig compensation)
|
||||
## Key Decisions
|
||||
| Date | Proposal | Proposer | Category | Outcome |
|
||||
|------|----------|----------|----------|---------|
|
||||
|
|
|
|||
|
|
@ -37,6 +37,7 @@ Solana liquidity protocol offering Dynamic Liquidity Market Maker (DLMM) pools,
|
|||
- **2025-Q4** — Meteora LP generates $1.15M in fees for MetaDAO (Pine Analytics Q4 report)
|
||||
- **2025-10 to 2026-03** — Every Futardio launch allocates 900K tokens to Meteora pool as standard template
|
||||
|
||||
- **2024-02-09** — MetaDAO created META/USDC liquidity pool on Meteora (likely) with 1,000 META paired with 35,000 USDC (35 USDC/META initial price) following Proposal 5 approval
|
||||
## Competitive Position
|
||||
- **Infrastructure role**: Not competing with MetaDAO — provides complementary liquidity infrastructure. Meteora is the LP venue; Futarchic AMM is the governance venue.
|
||||
- **vs Raydium**: Both are major Solana AMMs. Raydium offers CLMM (concentrated liquidity). Meteora differentiates with DLMM and dynamic bonding pools.
|
||||
|
|
|
|||
|
|
@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t
|
|||
date: 2024-02-05
|
||||
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
|
||||
enrichments_applied: ["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.md", "futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md"]
|
||||
extraction_model: "anthropic/claude-sonnet-4.5"
|
||||
extraction_notes: "Source is a governance proposal with execution details. Primary value is demonstrating operational mechanics of futarchy treasury management (multisig execution, fundraise process, LP creation) rather than novel claims. Extracted as decision_market entity with enrichments to existing claims about futarchy implementation patterns. No new standalone claims warranted - the insights strengthen existing claims about futarchy's hybrid nature (market decision + human execution)."
|
||||
---
|
||||
|
||||
## Proposal Details
|
||||
|
|
@ -61,3 +66,10 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu
|
|||
- Autocrat version: 0.1
|
||||
- Completed: 2024-02-10
|
||||
- Ended: 2024-02-10
|
||||
|
||||
|
||||
## Key Facts
|
||||
- MetaDAO Proposal 5 passed 2024-02-10 with proposal account HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF
|
||||
- Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold)
|
||||
- Fundraise target: 75,000 USDC with 2-day transfer deadline (Feb 7) and backfill process (Feb 8)
|
||||
- Initial META spot price set at 35 USDC/META through LP pairing ratio
|
||||
|
|
|
|||
Loading…
Reference in a new issue