diff --git a/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md b/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md new file mode 100644 index 00000000..e7f795b4 --- /dev/null +++ b/entities/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.md @@ -0,0 +1,45 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW" +proposal_date: 2024-03-26 +resolution_date: 2024-03-31 +category: "strategy" +summary: "Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor compensation for three months to accelerate decision-making." +key_metrics: + compensation_requested: "1015 META and 100,000 USDC" + time_period: "7 months (4 retroactive + 3 forward)" + monthly_average: "145 META and $14,000" + estimated_failure_impact: ">20% decrease in MetaDAO success probability" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months + +## Summary +This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to address MetaDAO's slow execution speed caused by costly proposal processes. The appointment included authority over retroactive compensation (December 2023 - March 2024), ongoing business operations, contributor compensation, and exceptional use grants for code licenses. + +## Market Data +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Proposal Number:** 14 +- **Completed:** 2024-03-31 +- **Compensation:** 1015 META and 100,000 USDC (covering 4 months retroactive + 3 months forward) + +## Significance +This proposal represents a critical governance transition where MetaDAO temporarily suspended its futarchy mechanism in favor of benevolent dictatorship to overcome execution bottlenecks. The proposers explicitly framed failure as reducing MetaDAO's success probability by over 20%, indicating this was viewed as an existential decision point. The proposal consolidated authority over compensation, operations, project management, security improvements, and licensing decisions under two individuals. + +The OKRs included completing 10 GitHub issues per week and handling retroactive compensation within one week of passage. Notably, compensation would come from multisigs rather than the DAO treasury directly, and META would likely be issued in 5-year locked form. + +## Relationship to KB +- [[metadao]] - governance decision shifting from futarchy to temporary dictatorship +- [[proph3t]] - appointed as co-leader +- [[nallok]] - appointed as co-leader +- [[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 being temporarily bypassed diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..389fa0ed 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 +- **2024-03-26** — [[metadao-appoint-nallok-proph3t-benevolent-dictators]] passed: Appointed Proph3t and Nallok as benevolent dictators for three months to address slow execution speed ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md b/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md index 24630344..b4978189 100644 --- a/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md +++ b/inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZ date: 2024-03-26 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: "Proposal data extracted as decision_market entity. No new claims extracted - this is a governance event documenting MetaDAO's temporary shift from futarchy to benevolent dictatorship to overcome execution bottlenecks. The proposal itself doesn't contain novel mechanism insights, just operational decision-making. Timeline entry added to parent MetaDAO entity." --- ## Proposal Details @@ -88,3 +92,13 @@ Although we make no hard commitments, the META would likely be issued in 5-year - Autocrat version: 0.1 - Completed: 2024-03-31 - Ended: 2024-03-31 + + +## Key Facts +- MetaDAO proposal 14 passed on 2024-03-31 appointing Proph3t and Nallok as BDF3M +- Compensation: 1015 META and 100,000 USDC for 7 months (4 retroactive, 3 forward) +- Average monthly compensation: 145 META and $14,000 +- Proposal account: BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW +- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- OKR: Complete 10 GitHub issues per week +- OKR: Handle retroactive compensation within 1 week of passage