From 0d57292155548b7d80bac21950796ba943342f63 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Mon, 23 Mar 2026 15:34:48 +0000 Subject: [PATCH] =?UTF-8?q?ingestion:=20archive=20futardio=20proposal=20?= =?UTF-8?q?=E2=80=94=202026-03-13-futardio-proposal-dp-00002-mem-solo-acqu?= =?UTF-8?q?isition-and-restricted-incentives-rese.md?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit --- ...uisition-and-restricted-incentives-rese.md | 227 ++++++++++++++++++ 1 file changed, 227 insertions(+) create mode 100644 inbox/archive/2026-03-13-futardio-proposal-dp-00002-mem-solo-acquisition-and-restricted-incentives-rese.md diff --git a/inbox/archive/2026-03-13-futardio-proposal-dp-00002-mem-solo-acquisition-and-restricted-incentives-rese.md b/inbox/archive/2026-03-13-futardio-proposal-dp-00002-mem-solo-acquisition-and-restricted-incentives-rese.md new file mode 100644 index 00000000..75f37089 --- /dev/null +++ b/inbox/archive/2026-03-13-futardio-proposal-dp-00002-mem-solo-acquisition-and-restricted-incentives-rese.md @@ -0,0 +1,227 @@ +--- +type: source +title: "Futardio: DP-00002 (MEM): SOLO Acquisition and Restricted Incentives Reserve Framework" +author: "futard.io" +url: "https://www.metadao.fi/projects/solomon/proposal/wwRoJYcur3EjnQCLodUhLqCs6H9NQ97RvP6JNV4b9F6" +date: 2026-03-13 +domain: internet-finance +format: data +status: unprocessed +tags: [futarchy, solana, governance, solomon] +event_type: proposal +--- + +## Proposal Details +- Project: Solomon +- Proposal: DP-00002 (MEM): SOLO Acquisition and Restricted Incentives Reserve Framework +- Status: Passed +- Created: 2026-03-13 +- URL: https://www.metadao.fi/projects/solomon/proposal/wwRoJYcur3EjnQCLodUhLqCs6H9NQ97RvP6JNV4b9F6 +- Description: This proposal authorizes the DAO to acquire SOLO using treasury funds + +## Content + +**Status:** Draft (proposal memorandum; to be voted) + +**Version:** 1.0.2 + +**NON-BINDING SUMMARY.** This memorandum is informational only and is +subordinate to the governing instruments and any adopted resolutions. +In the event of conflict, the normative resolution text controls. + +--- + +## Summary + +This proposal authorizes the DAO to acquire SOLO using treasury funds and to +hold all acquired SOLO in a segregated **Restricted SOLO Incentives Reserve**. + +The purpose of this reserve is to provide a credible, prefunded path for +future SOLO backed incentive programs intended to reward participation, +deepen alignment, and support long term ecosystem growth. This includes, +without limitation, the future pips program and any substantially similar +successor or related participation based framework later approved by +governance. + +This proposal earmarks that purpose now so that participants can have +confidence that SOLO backing has been set aside in advance and cannot be +redirected by signers, operators, contributors, or committees acting on +discretion alone. + +This proposal does not establish the live Incentives Subcommittee or appoint +its members. Those matters will be brought in a later proposal. Until that +later governance action is adopted, no person or body may deploy, +distribute, commit, or otherwise use reserve SOLO. + +--- + +## Rationale + +A participation based incentive program only has credibility if there is a +credible path from participation to the asset being promised or implied. +If the DAO intends to use SOLO-backed incentives to reward durable +participation, it is better to earmark that backing now than to leave +it to future discretion. + +This proposal is intended to solve that credibility problem without +prematurely locking the DAO into a single incentive design. + +This structure preserves three things at once: + +- confidence that incentive backing exists and has been ring fenced; +- flexibility to design the actual program architecture; and +- sufficient operational discretion to finalize and implement program + details in a way that reduces front running, gaming, sybil behavior, and + other exploitative positioning before launch. + +There is also a clear timing advantage. With SOLO trading below +treasury implied value ("NAV"), the DAO has an opportunity to build a +restricted incentives reserve on attractive terms and use treasury +capital to strengthen long term alignment across the network. + +--- + +## Key Parameters + +- **Amount:** `1,000,000 USDC` +- **Order Type:** `Recurring` +- **Program Duration:** `Up to 60 days` +- **Order Quantity:** `Variable recurring purchases, sized operationally + within the approved cap and execution window` +- **Order Frequency:** `Recurring over a period of up to 60 days` +- **Maximum Order Price:** `0.74 USDC per SOLO (interpreted as a maximum + program TWAP)` +- **Estimated SOLO Acquired:** `Approximately 1,351,351.35 SOLO, assuming + full use of the acquisition facility at the maximum program TWAP` + +## Process + +This proposal includes instructions to execute a recurring SOLO acquisition +program using DAO treasury funds in an aggregate amount of up to +**1,000,000 USDC** over a period of up to **60 days**, subject to a +**maximum program TWAP of 0.74 USDC per SOLO**. Any SOLO acquired pursuant +to this proposal shall be retained in the DAO treasury and accounted for +as Restricted SOLO Incentives Reserve property. + +--- + +## Section 1. Authorization of SOLO Acquisition + +**Resolved**, that the DAO hereby authorizes a capped SOLO acquisition +program funded from DAO treasury using the parameters specified in this +Proposal. + +**Resolved further**, that all SOLO acquired pursuant to this Proposal +shall be retained in the DAO treasury and designated on the DAO's books +and records as Restricted SOLO Incentives Reserve property. + +--- + +## Section 2. Designation of Restricted SOLO Incentives Reserve + +**Resolved**, that all SOLO acquired pursuant to this Proposal shall be held +in the DAO treasury and designated as Restricted SOLO Incentives Reserve +property of the DAO. + +The Designated Purpose of the Restricted SOLO Incentives Reserve is to +support SOLO backed incentive programs intended to reward participation, +deepen alignment, and support long term ecosystem growth, including the +future pips program and any substantially similar successor or related +participation based framework later approved by governance. + +**Resolved further**, that pips, and any substantially similar successor +participation framework approved by governance, shall have first call +priority on the Restricted SOLO Incentives Reserve. + +**Resolved further**, that until amended by express later governance action, +the Restricted SOLO Incentives Reserve shall remain earmarked for its +Designated Purpose and shall not be repurposed, redirected, impaired, or +clawed back by any signer, contributor, service provider, committee, +operator, or other person acting without such governance approval. + +--- + +## Section 3. No Current Deployment Authority + +**Resolved**, that this Proposal does not establish the live Incentives +Subcommittee or appoint its members. + +**Resolved further**, that this Proposal does not authorize any person or +body to distribute, commit, allocate, sell, transfer, make claimable, or +otherwise deploy Restricted SOLO Incentives Reserve assets at this time. + +Until later governance action establishes and approves the live Incentives +Subcommittee and any applicable activation framework, reserve SOLO shall +remain held in the DAO treasury and accounted for solely for its +Designated Purpose. + +--- + +## Section 5. Core Guardrails + +Unless expressly approved by later governance action: + +- reserve SOLO shall remain held in the DAO treasury and separately + accounted for as Restricted SOLO Incentives Reserve property; +- reserve SOLO may not be self dealt, privately allocated, or directed to + insiders or affiliates on preferential terms; +- reserve SOLO may not be manually transferred wallet to wallet to selected + recipients as a discretionary allocation method; +- reserve SOLO may not be sold or otherwise disposed of below prevailing + market price; +- reserve SOLO may not be lent, pledged, staked, paired for liquidity, + used as collateral, used as market making inventory, or used for + compensation; and +- any unused, expired, forfeited, cancelled, or unclaimed reserve SOLO + shall be burned unless governance expressly directs otherwise. + +--- + +## Plain English + +If adopted, this proposal means: + +- the DAO can acquire SOLO now; +- that SOLO is ring-fenced now for future incentive use; +- Pips has priority on that reserve; +- nobody can use or redirect that reserve on discretion alone; and +- a future Incentives Subcommittee can be voted in later to steward it. + + +--- + +## Links + +- Full normative resolution text (controls if there is any conflict + with this summary): + [DP-00002_MEM-full.md](https://github.com/SolomonDAOrg/dao-proposals/blob/main/proposals/DP-00002-acquisition-restricted-incentives-framework/DP-00002_MEM-full.md) +- Compiled Company Agreement PDF: + [Company_Agreement_SOLOMON_DAO_LLC.pdf](https://github.com/SolomonDAOrg/compiled-documents/blob/main/company-agreement/Company_Agreement_SOLOMON_DAO_LLC.pdf) +- Proposal repository (canonical history + execution artefacts): + [https://github.com/SolomonDAOrg/dao-proposals](https://github.com/SolomonDAOrg/dao-proposals) +- SOP Registry (canonical): + [https://github.com/SolomonDAOrg/sop-registry](https://github.com/SolomonDAOrg/sop-registry) + +--- + +**Disclaimer (Governance Proposal; No Professional Advice).** + +This document is a governance proposal and governance communication. +If adopted by the DAO through its governance mechanisms, it may become +binding on the DAO and persons exercising authority under the +Company Agreement to the extent provided in the Company Agreement and +applicable law. +This document does not constitute legal, tax, financial, or other +professional advice. +The author(s) are not acting as legal counsel to the DAO or any +member or user. No attorney-client relationship is created. + +You must obtain your own independent advice for your circumstances. + +## Raw Data + +- Proposal account: `wwRoJYcur3EjnQCLodUhLqCs6H9NQ97RvP6JNV4b9F6` +- Proposal number: 2 +- DAO account: `DzYtzoNvPbyFCzwZA6cSm9eDEEmxEB9f8AGkJXUXgnSA` +- Proposer: `tSTp6B6kE9o6ZaTmHm2ZwnJBBtgd3x112tapxFhmBEQ` +- Autocrat version: 0.6