From 1ea680c7dadbe742cd2a62ebd7da8eeb979e14dd Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 16:00:24 +0000 Subject: [PATCH] rio: extract from 2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio --- .../metadao-otc-trade-ben-hawkins.md | 38 +++++++++++++++++++ entities/internet-finance/metadao.md | 1 + ...age-in-50000-otc-trade-with-ben-hawkins.md | 14 ++++++- 3 files changed, 52 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/metadao-otc-trade-ben-hawkins.md diff --git a/entities/internet-finance/metadao-otc-trade-ben-hawkins.md b/entities/internet-finance/metadao-otc-trade-ben-hawkins.md new file mode 100644 index 00000000..d86d9a98 --- /dev/null +++ b/entities/internet-finance/metadao-otc-trade-ben-hawkins.md @@ -0,0 +1,38 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins" +domain: internet-finance +status: failed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "Ben Hawkins" +proposal_url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK" +proposal_date: 2024-02-13 +resolution_date: 2024-02-18 +category: "treasury" +summary: "Ben Hawkins proposed minting 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins + +## Summary +Ben Hawkins proposed to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal was rejected by the futarchy markets. + +## Market Data +- **Outcome:** Failed +- **Proposer:** Ben Hawkins +- **Proposal Account:** US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK +- **Proposal Number:** 6 +- **Created:** 2024-02-13 +- **Completed:** 2024-02-18 +- **Ended:** 2024-02-18 + +## Significance +This proposal represents an early test of MetaDAO's futarchy-governed treasury operations, where the market rejected a direct OTC token sale. The failure suggests either the market viewed the $33.33 valuation as too dilutive, or there was insufficient confidence in the trade's impact on META token price. This is one of several OTC trade proposals MetaDAO evaluated in early 2024, providing data on how futarchy markets price treasury decisions. + +## Relationship to KB +- [[metadao]] - treasury governance decision +- [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] - example of market-governed capital allocation diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..d5398a47 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 +- **2024-02-13** — [[metadao-otc-trade-ben-hawkins]] failed: Ben Hawkins proposed minting 1,500 META for $50,000 USDC at $33.33 per token, rejected by futarchy markets ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md b/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md index 778b1330..75f5ae8a 100644 --- a/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md +++ b/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK date: 2024-02-13 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: "Routine treasury OTC proposal that failed. No novel mechanism insights or claims warranted. Similar to the Pantera Capital OTC proposal that also failed. Entity extraction only - this is factual governance data documenting MetaDAO's early futarchy market decisions on treasury operations." --- ## Proposal Details @@ -51,3 +55,11 @@ in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKe - Autocrat version: 0.1 - Completed: 2024-02-18 - Ended: 2024-02-18 + + +## Key Facts +- MetaDAO proposal #6 created 2024-02-13, failed 2024-02-18 +- Ben Hawkins requested minting 1,500 META at $33.33 per token for $50,000 USDC +- Proposal account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK +- Treasury address: ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy +- Recipient address: GxHamnPVxsBaWdbUSjR4C5izhMv2snriGyYtjCkAVzze