From 855785492e861ded567d6cf32dff4e523ac49152 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 08:27:55 +0000 Subject: [PATCH] rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio --- ...tadao-execute-creation-spot-market-meta.md | 49 +++++++++++++++++++ entities/internet-finance/metadao.md | 2 + entities/internet-finance/meteora.md | 1 + ...xecute-creation-of-spot-market-for-meta.md | 15 +++++- 4 files changed, 66 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/metadao-execute-creation-spot-market-meta.md diff --git a/entities/internet-finance/metadao-execute-creation-spot-market-meta.md b/entities/internet-finance/metadao-execute-creation-spot-market-meta.md new file mode 100644 index 000000000..9a4c5ee62 --- /dev/null +++ b/entities/internet-finance/metadao-execute-creation-spot-market-meta.md @@ -0,0 +1,49 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Execute Creation of Spot Market for META" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e" +proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF" +proposal_date: 2024-02-05 +resolution_date: 2024-02-10 +category: "treasury" +summary: "Executed creation of META/USDC liquidity pool on Meteora with 4,130 META treasury allocation" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Execute Creation of Spot Market for META + +## Summary +Proposal 5 executed the creation of a spot market for META tokens by establishing a liquidity pool on Meteora, following the mandate from Proposal 3 to raise capital and create an LP pool. The proposal transferred 4,130 META to a 6-member multisig for distribution to sale participants (3,100 META), liquidity pool creation (1,000 META paired with 35,000 USDC), and multisig compensation (30 META total). + +## Market Data +- **Outcome:** Passed +- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e +- **Proposal Account:** HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF +- **Proposal Number:** 5 +- **Autocrat Version:** 0.1 +- **Completed:** 2024-02-10 + +## Execution Details +The proposal implemented a multi-step process: +1. Participants submitted demand via Google form +2. Proph3t allocated amounts and coordinated USDC transfers (deadline Feb 7) +3. Backfill allocations for participants who didn't complete transfers (Feb 8) +4. Multisig distributed META to participants, created Meteora liquidity pool, and disbanded (Feb 9) + +Multisig composition: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold) + +Initial spot price set at 35 USDC/META through the 1,000 META + 35,000 USDC pairing. + +## Significance +This proposal demonstrates futarchy-governed treasury operations requiring traditional multisig scaffolding for execution. The proposal explicitly acknowledged the trust assumption: "there is no algorithmic guarantee that the multisig members will actually perform this, but it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation." This reveals the hybrid governance model where conditional markets make high-level decisions but operational execution relies on reputation-based coordination. + +## Relationship to KB +- [[metadao]] - treasury and liquidity management decision +- [[meteora]] - liquidity pool platform +- [[futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance]] - confirms this pattern diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae5600..af37b1a0a 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -54,6 +54,8 @@ 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 +- **2024-02-05** — [[metadao-execute-creation-spot-market-meta]] proposed: Execute creation of META/USDC spot market with 4,130 META treasury allocation +- **2024-02-10** — [[metadao-execute-creation-spot-market-meta]] passed: Created Meteora liquidity pool with 1,000 META + 35,000 USDC (35 USDC/META initial price), distributed 3,100 META to sale participants ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/entities/internet-finance/meteora.md b/entities/internet-finance/meteora.md index d887a3f9e..b9d892e62 100644 --- a/entities/internet-finance/meteora.md +++ b/entities/internet-finance/meteora.md @@ -37,6 +37,7 @@ Solana liquidity protocol offering Dynamic Liquidity Market Maker (DLMM) pools, - **2025-Q4** — Meteora LP generates $1.15M in fees for MetaDAO (Pine Analytics Q4 report) - **2025-10 to 2026-03** — Every Futardio launch allocates 900K tokens to Meteora pool as standard template +- **2024-02-10** — MetaDAO created META/USDC liquidity pool on Meteora with 1,000 META + 35,000 USDC pairing (35 USDC/META initial spot price) ## Competitive Position - **Infrastructure role**: Not competing with MetaDAO — provides complementary liquidity infrastructure. Meteora is the LP venue; Futarchic AMM is the governance venue. - **vs Raydium**: Both are major Solana AMMs. Raydium offers CLMM (concentrated liquidity). Meteora differentiates with DLMM and dynamic bonding pools. diff --git a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md index 6b11e782c..267e8905f 100644 --- a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md +++ b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md @@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t date: 2024-02-05 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: ["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", "futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Proposal 5 is a treasury execution proposal following Proposal 3's mandate. No novel claims - the operational mechanics confirm existing claims about futarchy implementation and the need for multisig scaffolding. Created decision_market entity for the proposal itself and enriched two existing mechanism claims with concrete execution details." --- ## Proposal Details @@ -61,3 +66,11 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu - Autocrat version: 0.1 - Completed: 2024-02-10 - Ended: 2024-02-10 + + +## Key Facts +- MetaDAO Proposal 5 transferred 4,130 META total: 3,100 to participants, 1,000 for LP, 30 for multisig compensation +- Initial META spot price set at 35 USDC/META through Meteora pool +- Multisig: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold) +- Proposal account: HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF +- DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy