diff --git a/entities/internet-finance/futardio-fund-rug-bounty-program.md b/entities/internet-finance/futardio-fund-rug-bounty-program.md new file mode 100644 index 00000000..52d0793c --- /dev/null +++ b/entities/internet-finance/futardio-fund-rug-bounty-program.md @@ -0,0 +1,47 @@ +--- +type: entity +entity_type: decision_market +name: "FutureDAO: Fund the Rug Bounty Program" +domain: internet-finance +status: passed +parent_entity: "[[futardio]]" +platform: "futardio" +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt" +proposal_date: 2024-06-14 +resolution_date: 2024-06-17 +category: "grants" +summary: "Fund development of RugBounty.xyz platform to help communities recover from rug pulls through bounty-incentivized token migrations" +tracked_by: rio +created: 2026-03-11 +--- + +# FutureDAO: Fund the Rug Bounty Program + +## Summary +Proposal to allocate $5,000 USDC to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising >60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team." + +## Market Data +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Proposal Number:** 2 +- **Created:** 2024-06-14 +- **Ended:** 2024-06-17 +- **Completed:** 2024-06-19 + +## Budget Breakdown +- Platform Development: $3,000 USDC +- Website: $1,000 USDC +- QA: $1,000 USDC +- Operational Costs (API & Hosting): $1,000+ USDC +- Bounty Pool: TBD based on project scope + +## Significance +This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, extending their Token Migration tool with a bounty-driven distribution mechanism. The program creates a new use case for futarchy-governed capital allocation: funding public goods that protect DeFi participants while driving adoption of the parent protocol's tools. + +The bounty structure (rewarding successful migrations >60% of presale target) creates measurable success criteria and aligns incentives between recovery facilitators and affected communities. + +## Relationship to KB +- [[futardio]] - governance decision funding product development +- [[MetaDAO]] - futarchy infrastructure provider +- [[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 \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..778a074e 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC funding for RugBounty.xyz platform development to help communities recover from rug pulls through bounty-incentivized token migrations ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md index 87d3bef2..1abcb21d 100644 --- a/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md +++ b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGz date: 2024-06-14 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: "Source is a governance proposal for funding product development. Created decision_market entity for the proposal and updated parent Futardio entity timeline. No novel claims about futarchy mechanisms or governance dynamics - this is a straightforward grants proposal. The bounty mechanism itself (incentivizing community onboarding for token migrations) is product-specific, not a generalizable insight about coordination mechanisms. Key facts preserved in source archive for reference." --- ## Proposal Details @@ -180,3 +184,10 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu - Autocrat version: 0.3 - Completed: 2024-06-19 - Ended: 2024-06-17 + + +## Key Facts +- FutureDAO Rug Bounty Program proposal requested $5,000 USDC total budget (2024-06-14) +- Proposal 2 on FutureDAO passed 2024-06-17, completed 2024-06-19 +- RugBounty.xyz defines successful migration as raising >60% of presale target in SOL +- Budget breakdown: $3K platform dev, $1K website, $1K QA, $1K+ operational costs