From 3788c4dd659046de659884fab74489b3b46a09c8 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Wed, 11 Mar 2026 18:53:37 +0000 Subject: [PATCH] Auto: entities/internet-finance/metadao-migrate-meta-token.md | 1 file changed, 52 insertions(+) --- .../metadao-migrate-meta-token.md | 52 +++++++++++++++++++ 1 file changed, 52 insertions(+) create mode 100644 entities/internet-finance/metadao-migrate-meta-token.md diff --git a/entities/internet-finance/metadao-migrate-meta-token.md b/entities/internet-finance/metadao-migrate-meta-token.md new file mode 100644 index 00000000..89914159 --- /dev/null +++ b/entities/internet-finance/metadao-migrate-meta-token.md @@ -0,0 +1,52 @@ +--- +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]]