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 <HEADLESS>
This commit is contained in:
Teleo Agents
parent
ba4ac4a73e
commit
855785492e
4 changed files with 66 additions and 1 deletions
|
|
@ -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
|
||||
|
|
@ -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 |
|
||||
|------|----------|----------|----------|---------|
|
||||
|
|
|
|||
|
|
@ -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.
|
||||
|
|
|
|||
|
|
@ -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
|
||||
|
|
|
|||
Loading…
Reference in a new issue