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entities/internet-finance/metadao-migrate-meta-token.md

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+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Migrate META Token"
+domain: internet-finance
+status: passed
+tracked_by: rio
+created: 2026-03-11
+last_updated: 2026-03-11
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Proph3t & Kollan"
+proposal_url: "https://www.futard.io/proposal/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe"
+proposal_date: 2025-08-07
+resolution_date: 2025-08-10
+category: mechanism
+summary: "1:1000 token split, mintable supply, new DAO v0.5 (Squads), LP fee reduction from 4% to 0.5%"
+tags: ["futarchy", "token-migration", "elastic-supply", "squads", "meta-token"]
+---
+
+# MetaDAO: Migrate META Token
+
+## Summary
+Migration from METAC (unmintable, ~20K supply) to new META token (mintable, ~20.86M supply via 1:1000 split). Mint and update authority transferred to new DAO governed via Squads vault (v0.5). Protocol-owned liquidity fee reduced from 4% to 0.5%. New DAO passing threshold reduced to 1.5%, monthly spending limit set at $120K. Migration contract deployed as permanent one-way conversion. New META token: METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta. New DAO: Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km.
+
+## Market Data
+- **Outcome:** Passed (2025-08-10)
+- **Autocrat version:** 0.3
+- **Key participants:** Proph3t (co-author), Kollan (co-author)
+
+## Significance
+This is the resolution of the mintable-token saga that began with the 99.3% burn ([[metadao-burn-993-percent-meta]]), continued through the failed community proposal ([[metadao-token-split-elastic-supply]]), and culminated here. The DAO's treasury was exhausted (as the burn had predicted), forcing the migration to mintable tokens.
+
+Key architectural decisions: (1) mint authority to DAO governance, not any multisig — "market-driven issuance" as extension of market-driven decision-making; (2) Squads integration for operational security; (3) LP fee reduction from 4% to 0.5% anticipating the custom Futarchic AMM; (4) permanent migration contract with unlimited conversion window, avoiding forced timelines.
+
+The proposal explicitly frames mintable supply as philosophically consistent with futarchy: "Futarchy is market-driven decision making. To stay true to that principle, it also requires market-driven issuance." This is the strongest empirical evidence for the claim that futarchy DAOs require mintable governance tokens — the fixed-supply model broke in practice.
+
+## Relationship to KB
+- [[metadao]] — token architecture migration
+- [[metadao-burn-993-percent-meta]] — the burn that created the need for this migration
+- [[metadao-token-split-elastic-supply]] — the earlier failed community version
+- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — primary evidence for this claim
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — 1:1000 split addresses unit bias
+
+---
+
+Relevant Entities:
+- [[metadao]] — parent organization
+- [[proph3t]] — co-author
+
+Topics:
+- [[internet finance and decision markets]]