diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index cf50ed009..703ae44a0 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -65,6 +65,10 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG) - **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget - **2024-08-31** — Passed proposal to enter services agreement with Organization Technology LLC, creating US entity vehicle for paying contributors with $1.378M annualized burn rate. Entity owns no IP (all owned by MetaDAO LLC) and cannot encumber MetaDAO LLC. Agreement cancellable with 30-day notice or immediately for material breach. +- **2024-01-24** — Proposal #4 to develop AMM program for futarchy created by joebuild, proposing migration from CLOB to AMM markets to solve liquidity fragmentation, reduce state rent costs (135-225 SOL annually to near-zero), and implement liquidity-weighted price over time metric with 3-5% fees +- **2024-01-29** — AMM proposal passed and completed; implementation included basic AMM with liquidity-weighted average price tracking, integration with autocrat + conditional vault, and permissionless pause/close features. Budget: 400 META on passing + 800 META on completion. Program by joebuild, frontend by 0xNalloK +- **2024-03-19** — Proposal 13 created: Colosseum OTC trade for $250k USDC worth of META +- **2024-03-24** — Proposal 13 passed and completed: Colosseum acquired META with 20% immediate unlock and 80% vested over 12 months via Streamflow, establishing strategic partnership including DAO track sponsorship in next Solana hackathon ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------|