extract: 2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content
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@ -27,6 +27,12 @@ From the MetaDAO proposal:
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This claim extends futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility by showing the reputational concern operates at the mechanism level, not just the platform level. The market's rejection of Futardio suggests futarchy stakeholders prioritize mechanism credibility over short-term adoption metrics.
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### Additional Evidence (confirm)
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*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
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Proposal lists 'Makes futarchy look less serious' and 'May make it harder to sell DeFi DAOs / non-crypto organizations' as explicit pitfalls, showing MetaDAO itself recognized the reputational tension before launching futardio.
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---
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Relevant Notes:
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@ -34,6 +34,12 @@ This claim complements [[coin price is the fairest objective function for asset
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MetaDAO's Futardio proposal explicitly states: 'One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."' This provides direct confirmation from MetaDAO itself that memecoins eliminate the temporal tradeoff problem that complicates futarchy in other contexts.
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### Additional Evidence (confirm)
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*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
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MetaDAO proposal explicitly states 'memecoin holders only want the price of the token to increase. There's no question of maybe the market knows what's the best short-term action, but not the best long-term action.' This confirms the single-objective-function thesis with direct reasoning from practitioners.
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---
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Relevant Notes:
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJ
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date: 2024-08-28
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domain: internet-finance
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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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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: ["memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity.md", "futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility.md"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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---
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## Proposal Details
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@ -352,3 +356,12 @@ This would all be left to the discretion of the team building it, but they would
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- Autocrat version: 0.3
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- Completed: 2024-09-01
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- Ended: 2024-09-01
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## Key Facts
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- Futardio proposal specified allocating percentage of each launched memecoin supply to its futarchy DAO
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- Proposed $FUTA token would distribute to points owners and MetaDAO only
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- All Futardio revenue would flow to vault claimable by FUTA holders
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- Platform would be immutable with open-source verifiable program and IPFS/Arweave deployment
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- Nallok and Proph3t would support team with $100k grant over 6 months
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- Proposal included 180-day maximum timeline for points-to-token conversion
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