rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/c2yptic.md

@@ -0,0 +1,22 @@
+---
+type: entity
+entity_type: person
+name: "c2yptic"
+domain: internet-finance
+status: active
+affiliations:
+  - "Saber"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# c2yptic
+
+c2yptic is a contributor to Saber who initiated the partnership with MetaDAO to build a vote market for veSBR holders instead of Saber developing an internal solution.
+
+## Timeline
+- **2023-12-16** - Proposed MetaDAO build Saber's vote market, leading to approved proposal with $150K ecosystem funding
+
+## Relationship to KB
+- [[saber]] - affiliated protocol
+- [[metadao-develop-saber-vote-market]] - initiated partnership

entities/internet-finance/metadao-develop-saber-vote-market.md

@@ -0,0 +1,60 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Develop a Saber Vote Market?"
+domain: internet-finance
+status: passed
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Proph3t"
+proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
+proposal_date: 2023-12-16
+resolution_date: 2023-12-22
+category: "mechanism"
+summary: "Proposal to build a vote market for Saber veSBR holders funded by $150K from ecosystem partners"
+key_metrics:
+  budget: "$62,000"
+  funding_committed: "$150,000"
+  metadao_ownership: "65%"
+  projected_take_rate: "5-15%"
+  team_size: 6
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Develop a Saber Vote Market?
+
+## Summary
+Proposal to build a vote market platform for Saber's veSBR token holders, enabling them to earn yield by selling their governance votes while allowing projects to purchase liquidity more efficiently. The platform would be funded with $150K from ecosystem partners (UXD, BlazeStake, LP Finance, Saber) with MetaDAO owning 65% of the platform.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** Proph3t (metaproph3t)
+- **Proposal Number:** 2
+- **Completed:** 2023-12-22
+- **Budget:** $62,000 development cost from $150,000 total funding
+- **Timeline:** 10 weeks (Dec 18, 2023 - Feb 19, 2024)
+
+## Financial Model
+- Estimated $1 in yearly vote trade volume per $50 of Saber TVL
+- Saber TVL at proposal: $20M
+- Projected take rate: 5-15% (starting at 15%)
+- Comparable platforms: Convex (7-10%), Votium (~3%), Hidden Hand (~10%)
+- MetaDAO ownership: 65% after 10% liquidity mining distribution
+
+## Team and Budget Breakdown
+- Matt/fzzyyti: $24,000 (smart contracts)
+- Marie (swagy_marie): $12,000 (UI/UX)
+- Durden: $7,000 (platform design)
+- Proph3t: $7,000 (program management)
+- r0bre: $5,000 (audit)
+- Joe (joebuild): $5,000 (audit)
+- Deployment/misc: $2,000
+
+## Significance
+This proposal represents MetaDAO's pivot from the original Marinade vote market (Proposal 0) to Saber after Marinade developed an internal solution. It demonstrates MetaDAO's strategy of building governance infrastructure for DeFi protocols while generating revenue through take rates on vote trading volume. The proposal includes detailed financial modeling based on Curve/Convex/Aura comparables and emphasizes legitimacy-building through partnerships with established Solana projects.
+
+## Relationship to KB
+- [[metadao]] - governance decision to build vote market infrastructure
+- [[futardio]] - platform where this proposal was decided
+- Relates to MetaDAO's broader strategy of building futarchy infrastructure for DeFi governance

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
+- **2023-12-16** - [[metadao-develop-saber-vote-market]] passed: Approved development of Saber vote market platform with $150K funding from ecosystem partners (UXD, BlazeStake, LP Finance, Saber), $62K development budget, targeting 5-15% take rate on vote trading volume
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

entities/internet-finance/saber.md

@@ -0,0 +1,24 @@
+---
+type: entity
+entity_type: company
+name: "Saber"
+domain: internet-finance
+status: active
+key_metrics:
+  tvl: "$20M (as of Dec 2023)"
+  governance_token: "SBR"
+  vote_escrowed_token: "veSBR"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Saber
+
+Saber is a Solana-based decentralized exchange (DEX) focused on stablecoin and pegged asset trading. The protocol uses a vote-escrowed governance model (veSBR) where token holders lock SBR to gain governance rights over liquidity gauge emissions.
+
+## Timeline
+- **2023-12-16** - MetaDAO approved proposal to build vote market for veSBR holders, enabling them to sell governance votes to projects seeking liquidity
+
+## Relationship to KB
+- [[metadao-develop-saber-vote-market]] - governance infrastructure being built for Saber
+- Comparable to Curve Finance's gauge voting system on Ethereum

inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TY
 date: 2023-12-16
 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: "This is a governance proposal document, not a source containing novel claims about futarchy mechanisms. Extracted as decision_market entity with financial projections and team structure. Created new entities for Saber protocol and c2yptic. No extractable claims - the proposal contains standard vote market mechanics already covered in existing KB claims about governance infrastructure and legitimacy-building."
 ---
 
 ## Proposal Details
@@ -201,3 +205,12 @@ For those who are more familiar with bribe terminology, which I prefer not to us
 - Autocrat version: 0.1
 - Completed: 2023-12-22
 - Ended: 2023-12-22
+
+
+## Key Facts
+- Saber TVL was $20M as of December 2023
+- Curve TVL was $2B with $1.25M in biweekly vote incentives (Dec 2023)
+- Pre-Luna Curve had $20B TVL with $15-20M biweekly vote volume
+- Aura had $600M TVL with $900K vote volume in May 2023
+- Convex take rate: 7-10%, Votium: ~3%, Hidden Hand: ~10%
+- MetaDAO Proposal 0 originally targeted Marinade before pivoting to support their internal solution