diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index aab4c61a..e5dc0c2c 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -51,6 +51,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5K USDC funding for RugBounty.xyz platform development to incentivize community recovery from rug pulls - **2024-08-28** — MetaDAO proposal to develop futardio as memecoin launchpad with futarchy governance failed. Proposal would have allocated $100k grant over 6 months to development team. Key features: percentage of each new token supply allocated to futarchy DAO, points-to-token conversion within 180 days, revenue distribution to $FUTA holders, immutable deployment on IPFS/Arweave. Proposal rejected by market, suggesting reputational risks outweighed adoption benefits. - **2025-11-14** — Solomon launch: $8M raised (12.9x oversubscribed, $102.9M committed) for composable yield-bearing stablecoin +- **2024-08-28** — MetaDAO proposal to build futardio (memecoin launchpad with futarchy governance) failed. Proposal would have allocated $100k grant over 6 months to build platform where portion of each launched memecoin goes to futarchy DAO, with points-to-token conversion for users and immutable deployment target in Q3. Proposal rejected by futarchy vote despite identifying memecoin governance as ideal use case. +- **2024-08-28** — MetaDAO futardio proposal created, seeking approval to develop memecoin launchpad with futarchy governance for each launched token. Proposal included $100k grant over 6 months, Q3 launch target, and immutable hyperstructure design. Proposal failed. ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index cf50ed00..d8a0f6c6 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -65,6 +65,8 @@ 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. +- **2024-08-28** — MetaDAO proposal #8 for futardio memecoin launchpad failed, rejecting the strategy to drive futarchy adoption through memecoin infrastructure despite potential advantages in attention and usage. +- **2024-10-22** — Proposal to hire Advaith Sekharan as founding engineer passed with $180k/year salary and 237 META tokens (1% of supply) with performance-based unlocking at market cap milestones up to $5B, 4-year vest starting November 2024, and 8-month clawback period ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------|