rio: extract from 2024-01-12-futardio-proposal-create-spot-market-for-meta.md
- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
This commit is contained in:
Teleo Agents
parent
ba4ac4a73e
commit
7b7fdd9aa2
5 changed files with 75 additions and 1 deletions
|
|
@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
|
|||
|
||||
(challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams.
|
||||
|
||||
|
||||
### Additional Evidence (extend)
|
||||
*Source: [[2024-01-12-futardio-proposal-create-spot-market-for-meta]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
|
||||
|
||||
MetaDAO's third proposal (2024-01-12) initiated creation of a spot market for $META tokens through a public token sale priced at the TWAP of the passing proposal. The sale had a $75,000 hard cap with approximately $35,000 allocated to liquidity pool creation. The proposal explicitly stated that if it failed, Meta-DAO would be unable to raise funds until March 12, 2024, demonstrating the operational dependency on futarchy-governed capital formation. The proposal passed and completed on 2024-01-18.
|
||||
|
||||
---
|
||||
|
||||
Relevant Notes:
|
||||
|
|
|
|||
|
|
@ -53,6 +53,12 @@ Autocrat is MetaDAO's core governance program on Solana -- the on-chain implemen
|
|||
|
||||
**Limitations.** [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] -- when proposals are clearly good or clearly bad, few traders participate because the expected profit from trading in a consensus market is near zero. This is a structural feature, not a bug: contested decisions get more participation precisely because they're uncertain, which is when you most need information aggregation. But it does mean uncontested proposals can pass or fail with very thin markets, making the TWAP potentially noisy.
|
||||
|
||||
|
||||
### Additional Evidence (confirm)
|
||||
*Source: [[2024-01-12-futardio-proposal-create-spot-market-for-meta]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
|
||||
|
||||
The META spot market proposal demonstrates TWAP-based pricing in production: the token sale price was set at 'the TWAP of the last passing proposal' and the spot market opening price was 'to be determined, potentially higher than the initial public sale price.' This confirms TWAP settlement is used not just for proposal resolution but also for derivative pricing mechanisms like token sales.
|
||||
|
||||
---
|
||||
|
||||
Relevant Notes:
|
||||
|
|
|
|||
|
|
@ -0,0 +1,49 @@
|
|||
---
|
||||
type: entity
|
||||
entity_type: decision_market
|
||||
name: "MetaDAO: Create Spot Market for META?"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
|
||||
proposal_date: 2024-01-12
|
||||
resolution_date: 2024-01-18
|
||||
category: "fundraise"
|
||||
summary: "Proposal to create a spot market for $META tokens through public sale and liquidity pool creation"
|
||||
key_metrics:
|
||||
hard_cap: "$75,000"
|
||||
lp_allocation: "$35,000"
|
||||
pricing_mechanism: "TWAP of passing proposal"
|
||||
tracked_by: rio
|
||||
created: 2026-03-11
|
||||
---
|
||||
|
||||
# MetaDAO: Create Spot Market for META?
|
||||
|
||||
## Summary
|
||||
This proposal initiated the creation of a spot market for $META tokens by conducting a public token sale priced at the TWAP of the passing proposal, with a $75,000 hard cap and $35,000 allocated to liquidity pool creation. The proposal explicitly tied MetaDAO's ability to raise capital to its passage, stating that failure would prevent fundraising until March 12, 2024.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
|
||||
- **Proposal Number:** 3
|
||||
- **Autocrat Version:** 0.1
|
||||
- **Created:** 2024-01-12
|
||||
- **Completed:** 2024-01-18
|
||||
|
||||
## Token Sale Structure
|
||||
- Hard cap: $75,000
|
||||
- Sale price: TWAP of the passing proposal
|
||||
- Sale quantity: Hard cap / Sale Price
|
||||
- LP allocation: ~$35,000 in $META paired with $35,000 USD
|
||||
- Additional funds reserved in $SOL for operational funding
|
||||
|
||||
## Significance
|
||||
This proposal demonstrates futarchy-governed capital formation in practice, using conditional market pricing (TWAP) to determine token sale terms. The explicit dependency on proposal passage for fundraising capability shows how futarchy mechanisms directly control treasury operations and capital access. The proposal also reveals operational constraints: MetaDAO structured its governance calendar such that proposal failure would create a two-month fundraising blackout period.
|
||||
|
||||
## Relationship to KB
|
||||
- [[metadao]] - third governance proposal, first fundraising proposal
|
||||
- [[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]] - demonstrates TWAP-based token sale pricing
|
||||
- [[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]] - confirms TWAP settlement mechanism in production use
|
||||
|
|
@ -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
|
||||
- **2024-01-12** — [[metadao-create-spot-market-for-meta]] passed: Initiated $META spot market creation through $75K token sale with TWAP-based pricing
|
||||
## Key Decisions
|
||||
| Date | Proposal | Proposer | Category | Outcome |
|
||||
|------|----------|----------|----------|---------|
|
||||
|
|
|
|||
|
|
@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2
|
|||
date: 2024-01-12
|
||||
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: ["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.md", "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"]
|
||||
extraction_model: "anthropic/claude-sonnet-4.5"
|
||||
extraction_notes: "Proposal data extracted as decision_market entity. No new claims warranted - the proposal demonstrates existing futarchy mechanisms (TWAP pricing, conditional markets) rather than introducing novel insights. Enriched two existing claims with production evidence of TWAP-based pricing and capital formation mechanics."
|
||||
---
|
||||
|
||||
## Proposal Details
|
||||
|
|
@ -75,3 +80,10 @@ The proposal invites futards to actively participate in shaping the future of th
|
|||
- Autocrat version: 0.1
|
||||
- Completed: 2024-01-18
|
||||
- Ended: 2024-01-18
|
||||
|
||||
|
||||
## Key Facts
|
||||
- MetaDAO proposal 3 had hard cap of $75,000 with $35,000 allocated to LP creation (2024-01-12)
|
||||
- Proposal used TWAP of passing proposal to determine token sale price
|
||||
- Proposal failure would have prevented MetaDAO fundraising until March 12, 2024
|
||||
- Proposal passed and completed on 2024-01-18
|
||||
|
|
|
|||
Loading…
Reference in a new issue