diff --git a/entities/internet-finance/sanctum-offer-investors-early-unlocks.md b/entities/internet-finance/sanctum-offer-investors-early-unlocks.md new file mode 100644 index 00000000..d41e84a8 --- /dev/null +++ b/entities/internet-finance/sanctum-offer-investors-early-unlocks.md @@ -0,0 +1,37 @@ +--- +type: entity +entity_type: decision_market +name: "Sanctum: Should Sanctum offer investors early unlocks of their CLOUD?" +domain: internet-finance +status: failed +parent_entity: "[[sanctum]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX" +proposal_date: 2025-08-20 +resolution_date: 2025-08-23 +category: "treasury" +summary: "Proposal to allow investors to unlock vested CLOUD immediately by forfeiting 35% to Team Reserve" +tracked_by: rio +created: 2026-03-11 +--- + +# Sanctum: Should Sanctum offer investors early unlocks of their CLOUD? + +## Summary +This proposal would have empowered the Sanctum Team to offer investors immediate unlocks of their vesting CLOUD tokens in exchange for forfeiting 35% of their holdings to the Team Reserve. With 9% of token supply unlocking monthly over 24 months, the mechanism could have increased the Team Reserve by up to 27 million CLOUD while reducing token overhang. The team committed not to redistribute forfeited tokens for at least 24 months. + +## Market Data +- **Outcome:** Failed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Platform:** Futardio (MetaDAO Autocrat v0.3) +- **Proposal Account:** C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX +- **DAO Account:** GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov + +## Significance +This proposal represents an alternative to standard time-based vesting through a forfeit-for-liquidity mechanism. Rather than allowing investors to hedge their lockups while maintaining locked appearance, it forces a revealed preference: investors wanting liquidity must pay a concrete 35% cost. The mechanism design attempts to make vesting meaningful through economic sacrifice rather than time restrictions. The proposal's failure may indicate either investor satisfaction with existing vesting terms or reluctance to accept the forfeit cost. + +## Relationship to KB +- [[sanctum]] - parent entity governance decision +- [[time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked]] - alternative mechanism to hedgeable vesting +- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - demonstrates proposal complexity friction diff --git a/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md b/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md index 0c3b0248..efe375e9 100644 --- a/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md +++ b/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md @@ -6,7 +6,7 @@ url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6C date: 2025-08-20 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal processed_by: rio @@ -14,6 +14,11 @@ processed_date: 2025-08-20 enrichments_applied: ["time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked.md", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"] extraction_model: "anthropic/claude-sonnet-4.5" extraction_notes: "No new claims extracted. Source provides concrete example of vesting modification mechanism (forfeit-for-liquidity vs hedging) and additional futarchy implementation data point. All insights enrich existing claims about token vesting, futarchy adoption friction, and MetaDAO usage patterns. The failed proposal itself is a factual event, not an arguable claim." +processed_by: rio +processed_date: 2026-03-11 +enrichments_applied: ["time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked.md", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "No new claims extracted. Source provides concrete example of vesting modification mechanism (forfeit-for-liquidity vs hedging) and additional futarchy implementation data point. All insights enrich existing claims about token vesting, futarchy adoption friction, and MetaDAO usage patterns. Created decision_market entity for the proposal itself as it represents a novel mechanism design attempt. The failed proposal is a factual event with governance significance, not an arguable claim." --- ## Proposal Details @@ -68,3 +73,12 @@ Read the full proposal here https://research.sanctum.so/t/cloud-005-should-sanct - Potential increase of up to 27 million CLOUD to Team Reserve if all investors opted in - Team committed not to redistribute forfeited tokens for 24 months - Proposal used MetaDAO Autocrat v0.3 + + +## Key Facts +- Sanctum proposal C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX failed (2025-08-23) +- 9% of CLOUD token supply was unlocking monthly over 24 months from investors +- Proposal would have allowed 35% forfeit for immediate unlock +- Potential increase of up to 27 million CLOUD to Team Reserve if all investors opted in +- Team committed not to redistribute forfeited tokens for 24 months +- Used MetaDAO Autocrat v0.3