diff --git a/entities/internet-finance/futardio-fund-rug-bounty-program.md b/entities/internet-finance/futardio-fund-rug-bounty-program.md new file mode 100644 index 00000000..4f0ee9c6 --- /dev/null +++ b/entities/internet-finance/futardio-fund-rug-bounty-program.md @@ -0,0 +1,53 @@ +--- +type: entity +entity_type: decision_market +name: "FutureDAO: Fund the Rug Bounty Program" +domain: internet-finance +status: passed +parent_entity: "[[futardio]]" +platform: "futardio" +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt" +proposal_date: 2024-06-14 +resolution_date: 2024-06-17 +category: "grants" +summary: "Proposal to fund RugBounty.xyz platform development with $5,000 USDC to create bounty-based community recovery mechanism for rug pull victims" +tracked_by: rio +created: 2026-03-11 +--- + +# FutureDAO: Fund the Rug Bounty Program + +## Summary +Proposal to fund development of RugBounty.xyz, a platform that incentivizes community members to onboard rug pull victims to FutureDAO's Token Migration tool through a bounty system. The program allocates $5,000 USDC for platform development plus operational costs for API/hosting and future $FUTURE token bounties. + +## Market Data +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Proposal Number:** 2 +- **Created:** 2024-06-14 +- **Ended:** 2024-06-17 +- **Completed:** 2024-06-19 + +## Budget Breakdown +- Platform Development: $3,000 USDC +- Website: $1,000 USDC +- QA: $1,000 USDC +- Operational Costs: $1,000+ (API & Hosting) +- Future $FUTURE bounties: TBD based on project scope + +## Mechanism Design +The Rug Bounty Program creates a market-based recovery mechanism: +1. Bounties created for rugged projects with reward specifications +2. Community members ("Pirates") onboard victims through social platforms +3. Multi-sig setup required for token migration (trust verification) +4. Success defined as raising >60% of presale target in $SOL +5. Bounty awarded to facilitators of successful migrations + +## Significance +This proposal represents FutureDAO's positioning as "Solana's Emergency Response Team (S.E.R.T.)" and demonstrates futarchy-governed allocation toward community protection infrastructure. The bounty mechanism creates incentive alignment for decentralized victim recovery without requiring centralized coordination. + +## Relationship to KB +- [[futardio]] - governance decision funding product development +- [[MetaDAO]] - parent futarchy infrastructure +- Related to token migration and community takeover mechanisms in DeFi diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..52cdc1d3 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC funding for RugBounty.xyz platform development to create bounty-based rug pull recovery mechanism ## 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/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md index 87d3bef2..a33cd0f8 100644 --- a/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md +++ b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGz date: 2024-06-14 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 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Governance proposal for product development funding. No novel mechanism claims - standard bounty-based incentive structure for community coordination. Entity extraction only: decision_market entity created and parent timeline updated." --- ## Proposal Details @@ -180,3 +184,11 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu - Autocrat version: 0.3 - Completed: 2024-06-19 - Ended: 2024-06-17 + + +## Key Facts +- FutureDAO Rug Bounty Program proposal passed 2024-06-17 +- Budget: $5,000 USDC for platform development ($3K platform, $1K website, $1K QA) plus $1K+ operational costs +- Success metric: >60% of presale target raised in $SOL +- Proposal account: 4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt +- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz