Merge pull request 'extract: 2024-02-18-futardio-proposal-engage-in-100000-otc-trade-with-ben-hawkins-2' (#950) from extract/2024-02-18-futardio-proposal-engage-in-100000-otc-trade-with-ben-hawkins-2 into main

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Leo 2026-03-15 17:52:12 +00:00
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@ -6,7 +6,7 @@ url: "https://www.futard.io/proposal/E1FJAp8saDU6Da2ccayjLBfA53qbjKRNYvu7QiMAnjQ
date: 2024-02-18
domain: internet-finance
format: data
status: unprocessed
status: enrichment
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
@ -14,6 +14,9 @@ processed_date: 2024-02-18
enrichments_applied: ["futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md", "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.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md", "time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Failed MetaDAO proposal for $100k OTC trade. Extracted two claims: (1) the vesting mechanism design for managing large token sales, (2) the market rejection despite acknowledged liquidity need. Four enrichments confirm existing claims about futarchy scaffolding, TWAP usage, adoption friction, and vesting limitations. The proposal's failure is particularly interesting as evidence of futarchy rejecting a solution to a stated problem, suggesting the mechanism can distinguish between 'we have a problem' and 'this solution is net positive.'"
processed_by: rio
processed_date: 2026-03-15
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -157,3 +160,15 @@ Here are some post-money valuations at different prices as well total increase i
- Multisig: 6 members, 4/6 threshold (Proph3t, Dean, 0xNallok, Durden, Blockchainfixesthis, Rar3)
- Projected circulating supply increase: 2-7%
- Projected META value increase: ~15%
## Key Facts
- MetaDAO Proposal 8 created 2024-02-18, failed 2024-02-24
- Proposal sought $100k USDC for up to 500 META tokens at max(twapPass, $200)
- META spot price was $695.92 on 2024-02-18 20:20 UTC
- META circulating supply was 14,530 tokens at proposal time
- Proposal structure: 20% immediate transfer, 80% linear vest over 12 months via Streamflow
- Multisig: 6 members (Proph3t, Dean, 0xNallok, Durden, Blockchainfixesthis, Rar3) with 4/6 threshold
- Projected circulating supply increase: 2-7% depending on final price
- Projected META value increase: ~15% from liquidity injection
- Proposal included $2,000 USDC compensation for multisig members