From 544e02b1f3898b1c82396f6e703884241dfb32ea Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 03:21:53 +0000 Subject: [PATCH] rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio --- ...xecute-creation-of-spot-market-for-meta.md | 46 +++++++++++++++++++ entities/internet-finance/metadao.md | 1 + entities/internet-finance/meteora.md | 1 + entities/internet-finance/nallok.md | 4 ++ entities/internet-finance/proph3t.md | 4 ++ ...xecute-creation-of-spot-market-for-meta.md | 16 ++++++- 6 files changed, 71 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md diff --git a/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md b/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md new file mode 100644 index 000000000..8370865bc --- /dev/null +++ b/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md @@ -0,0 +1,46 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Execute Creation of Spot Market for META" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e" +proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF" +proposal_date: 2024-02-05 +resolution_date: 2024-02-10 +category: "treasury" +summary: "Proposal to transfer 4,130 META to a 4/6 multisig for executing spot market creation through participant allocation and liquidity pool establishment" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Execute Creation of Spot Market for META + +## Summary +Proposal 5 authorized the transfer of 4,130 META tokens to a 4/6 multisig to execute the spot market creation approved in Proposal 3. The multisig would allocate 3,100 META to sale participants, pair 1,000 META with 35,000 USDC to create a liquidity pool on Meteora (setting initial spot price at 35 USDC/META), and distribute 30 META as compensation to the six multisig members (5 META each). + +## Market Data +- **Outcome:** Passed +- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e +- **Completed:** 2024-02-10 +- **Autocrat Version:** 0.1 + +## Execution Process +The proposal outlined a multi-step coordination process: +1. Participants submitted demand via Google form +2. Proph3t determined allocations +3. Participants transferred USDC by Feb 7th deadline +4. Backup allocations offered to waitlisted participants on Feb 8th to reach 75,000 USDC target +5. Multisig distributed META and created liquidity pool on Feb 9th + +Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis. + +## Significance +This proposal demonstrates futarchy's reliance on trusted execution layers for complex treasury operations. The proposal explicitly acknowledged "there is no algorithmic guarantee that the multisig members will actually perform this" and relied on reputational incentives. It shows the hybrid governance model where futarchy provides decision-making but human coordination handles operational complexity involving external platforms, timing dependencies, and multi-party coordination. + +## Relationship to KB +- [[metadao]] - treasury governance decision +- [[meteora]] - liquidity pool platform +- [[futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance]] - confirms this pattern \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae5600..f033fba2a 100644 --- a/entities/internet-finance/metadao.md +++ b/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 +- **2024-02-05** — [[metadao-execute-creation-of-spot-market-for-meta]] passed: Authorized 4,130 META transfer to 4/6 multisig for spot market creation, including 3,100 META for participants and 1,000 META paired with 35,000 USDC for Meteora liquidity pool at 35 USDC/META initial price ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/entities/internet-finance/meteora.md b/entities/internet-finance/meteora.md index d887a3f9e..4a71ada70 100644 --- a/entities/internet-finance/meteora.md +++ b/entities/internet-finance/meteora.md @@ -37,6 +37,7 @@ Solana liquidity protocol offering Dynamic Liquidity Market Maker (DLMM) pools, - **2025-Q4** — Meteora LP generates $1.15M in fees for MetaDAO (Pine Analytics Q4 report) - **2025-10 to 2026-03** — Every Futardio launch allocates 900K tokens to Meteora pool as standard template +- **2024-02-09** — MetaDAO created META/USDC liquidity pool on Meteora with 1,000 META paired with 35,000 USDC (35 USDC/META initial spot price) following futarchy-approved Proposal 5 ## Competitive Position - **Infrastructure role**: Not competing with MetaDAO — provides complementary liquidity infrastructure. Meteora is the LP venue; Futarchic AMM is the governance venue. - **vs Raydium**: Both are major Solana AMMs. Raydium offers CLMM (concentrated liquidity). Meteora differentiates with DLMM and dynamic bonding pools. diff --git a/entities/internet-finance/nallok.md b/entities/internet-finance/nallok.md index 304aae178..5d3566f53 100644 --- a/entities/internet-finance/nallok.md +++ b/entities/internet-finance/nallok.md @@ -48,3 +48,7 @@ Relevant Entities: Topics: - [[internet finance and decision markets]] + +## Timeline + +- **2024-02-05** — Served as 4/6 multisig member for MetaDAO Proposal 5 (spot market creation), helping execute 4,130 META distribution and Meteora liquidity pool creation diff --git a/entities/internet-finance/proph3t.md b/entities/internet-finance/proph3t.md index 6ebf92395..0a15d3614 100644 --- a/entities/internet-finance/proph3t.md +++ b/entities/internet-finance/proph3t.md @@ -44,3 +44,7 @@ Relevant Entities: Topics: - [[internet finance and decision markets]] + +## Timeline + +- **2024-02-05** — Served as allocation coordinator and 4/6 multisig member for MetaDAO Proposal 5 (spot market creation), determining participant allocations and coordinating USDC transfers diff --git a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md index 6b11e782c..f6a3ff3c3 100644 --- a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md +++ b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md @@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t date: 2024-02-05 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 +enrichments_applied: ["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-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "This source is a governance proposal execution record, not a source of novel claims. The primary value is in documenting the operational details of how MetaDAO's futarchy implementation handles complex treasury operations. Two enrichments added: one extending the Autocrat implementation claim with concrete operational details, one confirming the pattern of futarchy DAOs requiring traditional governance scaffolding. Created decision_market entity for the proposal and updated timeline entries for MetaDAO, Meteora, Proph3t, and Nallok. No new claims extracted because the insights are operational details that enrich existing mechanism claims rather than novel propositions." --- ## Proposal Details @@ -61,3 +66,12 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu - Autocrat version: 0.1 - Completed: 2024-02-10 - Ended: 2024-02-10 + + +## Key Facts +- MetaDAO Proposal 5 transferred 4,130 META tokens (2024-02-05) +- Initial META spot price set at 35 USDC/META via 1,000 META + 35,000 USDC pool +- Multisig structure: 4/6 threshold with Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis +- Target fundraise: 75,000 USDC from participant allocations +- Multisig compensation: 5 META per member (30 META total) +- Proposal completed 2024-02-10 using Autocrat v0.1