From 0325859196baafec1104b36f739e4b28d566fd6b Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 04:21:51 +0000 Subject: [PATCH] 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 --- ...tadao-execute-creation-spot-market-meta.md | 48 +++++++++++++++++++ entities/internet-finance/metadao.md | 1 + entities/internet-finance/meteora.md | 1 + ...xecute-creation-of-spot-market-for-meta.md | 14 +++++- 4 files changed, 63 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/metadao-execute-creation-spot-market-meta.md diff --git a/entities/internet-finance/metadao-execute-creation-spot-market-meta.md b/entities/internet-finance/metadao-execute-creation-spot-market-meta.md new file mode 100644 index 000000000..d2a1db04c --- /dev/null +++ b/entities/internet-finance/metadao-execute-creation-spot-market-meta.md @@ -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 \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae5600..2f64b08d7 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 +- **2024-02-05** — [[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 | |------|----------|----------|----------|---------| diff --git a/entities/internet-finance/meteora.md b/entities/internet-finance/meteora.md index d887a3f9e..59a1575ef 100644 --- a/entities/internet-finance/meteora.md +++ b/entities/internet-finance/meteora.md @@ -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. diff --git a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md index 6b11e782c..1031b0cda 100644 --- a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md +++ b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md @@ -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