extract: 2024-03-19-futardio-proposal-engage-in-250000-otc-trade-with-colosseum
Pentagon-Agent: Ganymede <F99EBFA6-547B-4096-BEEA-1D59C3E4028A>
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@ -60,6 +60,12 @@ Hurupay raised $2,003,593 against a $3,000,000 target (67% of goal) and entered
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Cloak raised only $1,455 against a $300,000 target (0.5% of target), entering refunding status. This represents a near-total failure of market validation, contrasting sharply with the 15x oversubscription pattern. The project had shipped product (live mainnet beta with Oro integration), had credible team (repeat builders, Superteam contributors), and addressed a real problem (MEV extraction on DCA orders). Despite these fundamentals, the futarchy-governed raise failed to attract capital, suggesting that product-market fit and team credibility are insufficient without pre-existing community or distribution.
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Cloak raised only $1,455 against a $300,000 target (0.5% of target), entering refunding status. This represents a near-total failure of market validation, contrasting sharply with the 15x oversubscription pattern. The project had shipped product (live mainnet beta with Oro integration), had credible team (repeat builders, Superteam contributors), and addressed a real problem (MEV extraction on DCA orders). Despite these fundamentals, the futarchy-governed raise failed to attract capital, suggesting that product-market fit and team credibility are insufficient without pre-existing community or distribution.
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### Additional Evidence (extend)
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*Source: [[2024-03-19-futardio-proposal-engage-in-250000-otc-trade-with-colosseum]] | Added: 2026-03-16*
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Colosseum's $250,000 OTC acquisition of META demonstrates institutional validation of futarchy-governed tokens, with pricing mechanism tied to pass market TWAP (capped at $850, voided above $1,200) and 12-month vesting showing long-term commitment rather than speculative positioning.
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Relevant Notes:
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Relevant Notes:
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@ -41,6 +41,12 @@ The structure itself—20% immediate, 80% linear over 12 months—represents a d
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- Proposal failure suggests market rejected either the structure or the specific terms
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- Proposal failure suggests market rejected either the structure or the specific terms
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- No evidence this structure outperforms alternatives in practice
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- No evidence this structure outperforms alternatives in practice
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### Additional Evidence (confirm)
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*Source: [[2024-03-19-futardio-proposal-engage-in-250000-otc-trade-with-colosseum]] | Added: 2026-03-16*
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Colosseum OTC deal structures 20% immediate unlock with 80% linear vesting over 12 months, demonstrating the pattern in a strategic partnership context where immediate liquidity enables relationship signaling while vesting maintains long-term alignment.
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Relevant Notes:
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Relevant Notes:
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb
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date: 2024-03-19
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date: 2024-03-19
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domain: internet-finance
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domain: internet-finance
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format: data
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format: data
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status: unprocessed
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status: enrichment
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tags: [futardio, metadao, futarchy, solana, governance]
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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event_type: proposal
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processed_by: rio
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processed_date: 2026-03-16
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enrichments_applied: ["metadao-ico-platform-demonstrates-15x-oversubscription-validating-futarchy-governed-capital-formation.md", "vesting-with-immediate-partial-unlock-plus-linear-release-creates-alignment-while-enabling-liquidity-by-giving-investors-tradeable-tokens-upfront-and-time-locked-exposure.md"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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## Proposal Details
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## Proposal Details
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@ -90,3 +94,12 @@ We won’t speculate on what the exact ROI will be to META in the short to mediu
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- Autocrat version: 0.1
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- Autocrat version: 0.1
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- Completed: 2024-03-24
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- Completed: 2024-03-24
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- Ended: 2024-03-24
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- Ended: 2024-03-24
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## Key Facts
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- MetaDAO proposal 13 passed on 2024-03-24
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- META spot price was $468.09 on 2024-03-18 18:09 UTC
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- META circulating supply was 17,421 tokens on 2024-03-18
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- Proposal transferred 2,060 META to multisig FhJHnsCGm9JDAe2JuEvqr67WE8mD2PiJMUsmCTD1fDPZ with 5/7 threshold
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- Multisig members included 2 Colosseum representatives and 5 MetaDAO community members
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- OTC pricing: TWAP of pass market if below $850, fixed $850 if TWAP between $850-$1,200, void if TWAP exceeds $1,200
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