rio: extract from 2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md

- Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/metadao-otc-trade-ben-hawkins.md

@@ -0,0 +1,41 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins"
+domain: internet-finance
+status: failed
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Ben Hawkins"
+proposal_url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK"
+proposal_date: 2024-02-13
+resolution_date: 2024-02-18
+category: "treasury"
+summary: "Ben Hawkins proposed minting 1,500 META tokens at $33.33 per token in exchange for $50,000 USDC to MetaDAO treasury"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins
+
+## Summary
+Ben Hawkins proposed to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury. The trade valued META at $33.33 per token. The proposal failed after a 5-day voting period.
+
+## Market Data
+- **Outcome:** Failed
+- **Proposer:** Ben Hawkins
+- **Proposal Account:** US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
+- **Proposal Number:** 6
+- **DAO Account:** 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
+- **Autocrat Version:** 0.1
+- **Created:** 2024-02-13
+- **Ended:** 2024-02-18
+- **Completed:** 2024-02-18
+
+## Significance
+This proposal represents an early OTC treasury fundraising attempt on MetaDAO's futarchy platform. The failure suggests either market skepticism about the valuation ($33.33/META), concerns about the specific counterparty, or insufficient liquidity to support the conditional markets. This contrasts with the later successful Pantera Capital OTC proposal, indicating that counterparty reputation or market conditions may significantly affect futarchy-governed fundraising outcomes.
+
+## Relationship to KB
+- [[metadao]] - treasury fundraising decision
+- [[futardio]] - platform used for governance
+- [[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]] - governance mechanism

entities/internet-finance/metadao.md

@@ -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
+- **2024-02-13** — [[metadao-otc-trade-ben-hawkins]] failed: Ben Hawkins proposed minting 1,500 META for $50,000 USDC ($33.33/META)
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md

@@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
 date: 2024-02-13
 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: "Factual governance proposal data. No novel claims about futarchy mechanisms or treasury strategy beyond what existing claims already cover. Created decision_market entity and updated parent MetaDAO timeline. The proposal failure itself is a data point but doesn't generate new arguable claims about mechanism design or governance dynamics."
 ---
 
 ## Proposal Details
@@ -51,3 +55,9 @@ in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKe
 - Autocrat version: 0.1
 - Completed: 2024-02-18
 - Ended: 2024-02-18
+
+
+## Key Facts
+- MetaDAO proposal #6 created 2024-02-13, failed 2024-02-18
+- Ben Hawkins proposed minting 1,500 META at $33.33/token for $50,000 USDC
+- Proposal used Autocrat v0.1