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entities/internet-finance/metadao-migrate-autocrat-v02.md

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+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Migrate Autocrat Program to v0.2"
+domain: internet-finance
+status: passed
+tracked_by: rio
+created: 2026-03-11
+last_updated: 2026-03-11
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "HenryE & Proph3t"
+proposal_url: "https://www.futard.io/proposal/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963"
+proposal_date: 2024-03-28
+resolution_date: 2024-04-03
+category: mechanism
+summary: "Upgrade Autocrat to v0.2 with reclaimable rent, conditional token merging, improved metadata, and lower pass threshold (5% to 3%)"
+tags: ["futarchy", "autocrat", "mechanism-upgrade", "solana"]
+---
+
+# MetaDAO: Migrate Autocrat Program to v0.2
+
+## Summary
+Technical upgrade from Autocrat v0.1 to v0.2. Three new features: (1) reclaimable rent — recover ~4 SOL used to create proposal markets, lowering proposal creation friction; (2) conditional token merging — combine 1 pTOKEN + 1 fTOKEN back into 1 TOKEN, improving liquidity during multiple active proposals; (3) conditional token metadata — tokens show names and logos in wallets instead of raw mint addresses. Config changes: pass threshold lowered from 5% to 3%, default TWAP value set to $100, TWAP updates in $5 increments (enhancing manipulation resistance), minimum META lot size reduced from 1 to 0.1 META.
+
+## Market Data
+- **Outcome:** Passed (2024-04-03)
+- **Autocrat version:** 0.1 (last proposal on v0.1)
+- **Key participants:** HenryE (author), Proph3t (author), OtterSec (program verification)
+
+## Significance
+First major Autocrat upgrade approved through futarchy itself — MetaDAO used its own governance mechanism to upgrade its governance mechanism. The changes directly addressed friction points: high proposal creation costs (~4 SOL), liquidity fragmentation across proposals, and poor UX for conditional tokens.
+
+The pass threshold reduction from 5% to 3% is particularly noteworthy — it lowered the bar for proposals to pass, reflecting the team's belief that the original threshold was too conservative. The TWAP manipulation resistance improvements ($5 increments instead of 1%) show iterative mechanism refinement based on live experience.
+
+Programs deployed: autocrat_v0 (metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp), openbook_twap (twAP5sArq2vDS1mZCT7f4qRLwzTfHvf5Ay5R5Q5df1m), conditional_vault (vAuLTQjV5AZx5f3UgE75wcnkxnQowWxThn1hGjfCVwP).
+
+## Relationship to KB
+- [[metadao]] — mechanism upgrade
+- [[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]] — Autocrat evolution
+- [[futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject]] — iterative UX improvements
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — directly addressed proposal creation friction
+
+---
+
+Relevant Entities:
+- [[metadao]] — parent organization
+- [[proph3t]] — co-author
+
+Topics:
+- [[internet finance and decision markets]]