diff --git a/entities/internet-finance/metadao-develop-faas.md b/entities/internet-finance/metadao-develop-faas.md new file mode 100644 index 00000000..4e9eca70 --- /dev/null +++ b/entities/internet-finance/metadao-develop-faas.md @@ -0,0 +1,52 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Develop Futarchy as a Service (FaaS)" +domain: internet-finance +status: passed +tracked_by: rio +created: 2026-03-11 +last_updated: 2026-03-11 +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "0xNallok" +proposal_url: "https://www.futard.io/proposal/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc" +proposal_date: 2024-03-13 +resolution_date: 2024-03-19 +category: strategy +summary: "Fund $96K to build futarchy-as-a-service platform enabling other Solana DAOs to adopt futarchic governance" +tags: ["futarchy", "faas", "product-development", "solana-daos"] +--- + +# MetaDAO: Develop Futarchy as a Service (FaaS) + +## Summary +Nallok proposed building a Realms-like UI enabling any Solana DAO to create and participate in futarchic governance. Budget: $96K for 2 months ($40K USDC from treasury + 342 META to convert). Team: 1 smart contract engineer, 1 auditor, 2 UI/UX, 1 data/services developer, 1 project manager. This was MetaDAO's first product expansion beyond self-governance — the pivot from "futarchy for MetaDAO" to "futarchy for everyone." + +## Market Data +- **Outcome:** Passed (2024-03-19) +- **Autocrat version:** 0.1 +- **Key participants:** 0xNallok (entrepreneur/PM), Proph3t (multisig), Nico (multisig) + +## Significance +This proposal marks MetaDAO's strategic pivot from a governance experiment to a platform business. The financial projections (5-100 DAO customers, $50-$500/proposal in taker fees, $50-$1,000/month licensing) reveal early business model thinking. The explicit goal of "vertical integration" and "owning the whole stack" shows Proph3t and Nallok's approach to defensibility. + +Particularly notable: the monetization model (taker fees + licensing + consulting) anticipated the Futarchic AMM revenue model that would later become MetaDAO's primary income source. The FaaS concept directly led to Drift, Dean's List, and Future adopting futarchy. + +## Relationship to KB +- [[metadao]] — strategic pivot to platform +- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — FaaS was the first step toward this +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — multisig custody of funds alongside futarchy approval +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — FaaS aimed to reduce adoption friction + +--- + +Relevant Entities: +- [[metadao]] — parent organization +- [[nallok]] — project entrepreneur +- [[proph3t]] — multisig member +- [[deans-list]] — early FaaS adopter +- [[drift]] — early FaaS adopter + +Topics: +- [[internet finance and decision markets]]