From 55e67b189ccf57bed6e15c1ecc7f25155138bec5 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 16:36:55 +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 | 62 +++++++++++++++++++ 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 | 15 ++++- 6 files changed, 86 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 00000000..d0e2be83 --- /dev/null +++ b/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md @@ -0,0 +1,62 @@ +--- +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: "Authorized 4,130 META transfer to 4/6 multisig to execute spot market creation through participant sale and liquidity pool establishment" +key_metrics: + meta_allocated: "4,130 META" + sale_allocation: "3,100 META" + lp_allocation: "1,000 META" + usdc_paired: "35,000 USDC" + initial_price: "35 USDC/META" + multisig_compensation: "30 META (5 per member)" + target_raise: "75,000 USDC" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Execute Creation of Spot Market for META? + +## Summary +This proposal authorized the transfer of 4,130 META tokens to a 4/6 multisig to execute the creation of a spot market for META tokens. The execution plan involved coordinating a private sale to raise 75,000 USDC, then using 1,000 META paired with 35,000 USDC to create a liquidity pool on Meteora, setting an initial spot price of 35 USDC per META. + +## Market Data +- **Outcome:** Passed +- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e +- **Proposal Number:** 5 +- **Completed:** 2024-02-10 +- **Autocrat Version:** 0.1 + +## Execution Structure +The proposal established a 4/6 multisig containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a multi-step process: + +1. Collect demand through Google form +2. Proph3t determines allocations +3. Participants transfer USDC (Feb 5-7 deadline) +4. Backfill unmet demand from waitlist (Feb 8) +5. Multisig distributes META to participants, creates LP, and disbands (Feb 9) + +Token allocation breakdown: +- 3,100 META to sale participants +- 1,000 META paired with 35,000 USDC for liquidity pool +- 30 META as multisig member compensation (5 META each) + +## Significance +This proposal demonstrates the operational scaffolding required for futarchy-governed treasury operations. The proposal explicitly acknowledged "no algorithmic guarantee" of execution, instead relying on reputational incentives: "it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation in order to do something different." + +The execution model shows futarchy DAOs using human-operated multisigs with social enforcement for operational tasks even when the governance decision itself is market-determined. This represents a pragmatic hybrid between algorithmic governance and traditional operational execution. + +## Relationship to KB +- [[metadao]] - parent entity, treasury operation +- [[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]] - governance mechanism +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational pattern +- [[meteora]] - liquidity pool platform \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..79129fbc 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 to execute spot market creation through 75K USDC raise and Meteora LP establishment 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 d887a3f9..17ba3f21 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** — Selected as liquidity pool platform for MetaDAO's META spot market launch (1,000 META paired with 35,000 USDC) ## 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 304aae17..1d901c0d 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 multisig member (4/6) for MetaDAO's META spot market creation proposal execution diff --git a/entities/internet-finance/proph3t.md b/entities/internet-finance/proph3t.md index 6ebf9239..c6e24e3c 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 decision-maker and multisig member for MetaDAO's META spot market creation, coordinating 75K USDC private sale and LP establishment 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 6b11e782..eced7183 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: "Proposal demonstrates futarchy DAO operational scaffolding through multisig execution with social enforcement. No novel claims extracted - insights enrich existing claims about futarchy governance requiring traditional operational structures. Created decision_market entity for the proposal and updated timeline entries for MetaDAO and key participants." --- ## Proposal Details @@ -61,3 +66,11 @@ 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 passed on 2024-02-10 +- 4/6 multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis +- Initial META spot price set at 35 USDC/META +- Target raise: 75,000 USDC +- Total META allocated: 4,130 (3,100 to participants, 1,000 to LP, 30 to multisig)