diff --git a/entities/internet-finance/coal-cut-emissions-by-50.md b/entities/internet-finance/coal-cut-emissions-by-50.md new file mode 100644 index 000000000..05fd1f5c8 --- /dev/null +++ b/entities/internet-finance/coal-cut-emissions-by-50.md @@ -0,0 +1,48 @@ +--- +type: entity +entity_type: decision_market +name: "Coal: Cut emissions by 50%?" +domain: internet-finance +status: passed +parent_entity: "[[coal]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy" +proposal_date: 2024-11-13 +resolution_date: 2024-11-17 +category: "mechanism" +summary: "Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments" +tracked_by: rio +created: 2026-03-11 +--- + +# Coal: Cut emissions by 50%? + +## Summary +Proposal to halve the Coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from ~110% to ~56%. The proposal also establishes a framework for bi-monthly decision markets to guide future emission rate adjustments, replacing the original temporary halving schedule that was never intended as a long-term solution. + +## Market Data +- **Outcome:** Passed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Created:** 2024-11-13 +- **Completed:** 2024-11-17 +- **Proposal Number:** 1 + +## Mechanism Details +The original emission schedule implemented automatic halvings with each 5% increase in circulating supply. After six halvings, the emission target reached 15.625 per minute. Under the old schedule, the next halving would have occurred at 7,350,000 circulating supply. + +The proposal replaces this automatic schedule with market-governed adjustments: +- **If passed:** Emission rate fixed at 7.8125 per minute +- **If failed:** Rate remains at 15.625 per minute +- **Follow-up:** Bi-monthly decision markets starting January 2025 + +## Significance +This represents an early example of using futarchy to govern token economics parameters that directly affect inflation and supply dynamics. The shift from algorithmic halvings to market-governed adjustments tests whether prediction markets can effectively manage monetary policy decisions that have clear winners and losers among stakeholders. + +The bi-monthly cadence establishes a regular governance rhythm for economic parameters, potentially creating a template for other protocols managing emission schedules. + +## Relationship to KB +- [[coal]] - parent entity (token emission governance) +- [[futardio]] - platform hosting the decision market +- [[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 used +- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related concept diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md new file mode 100644 index 000000000..2cddbf5df --- /dev/null +++ b/entities/internet-finance/coal.md @@ -0,0 +1,22 @@ +--- +type: entity +entity_type: company +name: "Coal" +domain: internet-finance +status: active +tracked_by: rio +created: 2026-03-11 +--- + +# Coal + +## Overview +Coal is a token project on Solana using futarchy-governed emission rate adjustments through the Futardio platform. The project implements bi-monthly decision markets to manage token supply dynamics, replacing algorithmic halving schedules with market-governed monetary policy. + +## Timeline +- **2024-11-13** - [[coal-cut-emissions-by-50]] proposed: halve emission rate from 15.625 to 7.8125 per minute +- **2024-11-17** - [[coal-cut-emissions-by-50]] passed: emission rate reduced, bi-monthly governance framework established + +## Relationship to KB +- [[futardio]] - governance platform +- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism concept diff --git a/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md b/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md index ba308ffaa..bb3fd6891 100644 --- a/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md +++ b/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWp date: 2024-11-13 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: "Factual governance proposal data. Created two entities: decision_market for the specific proposal and company entity for Coal project. No novel claims about futarchy mechanisms - this is a straightforward application of existing MetaDAO/Futardio infrastructure. The bi-monthly governance cadence is notable but not claim-worthy without evidence of outcomes or comparative analysis." --- ## Proposal Details @@ -66,3 +70,11 @@ A follow-up decision market will be held in early January, approximately two mon - Autocrat version: 0.3 - Completed: 2024-11-17 - Ended: 2024-11-17 + + +## Key Facts +- Coal emission rate was 15.625 per minute (22,500 per day) before proposal, resulting in ~110% annual inflation +- Proposal reduced emission rate to 7.8125 per minute (11,250 per day), reducing annual inflation to ~56% +- Coal had completed six halvings under original schedule before switching to market-governed adjustments +- Next automatic halving would have occurred at 7,350,000 circulating supply under old schedule +- Proposal passed and completed 2024-11-17, four days after creation