Auto: entities/internet-finance/metadao-release-launchpad.md | 1 file changed, 57 insertions(+)

entities/internet-finance/metadao-release-launchpad.md

@@ -0,0 +1,57 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Release a Launchpad"
+domain: internet-finance
+status: passed
+tracked_by: rio
+created: 2026-03-11
+last_updated: 2026-03-11
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Proph3t & Kollan"
+proposal_url: "https://www.futard.io/proposal/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef"
+proposal_date: 2025-02-26
+resolution_date: 2025-03-01
+category: strategy
+summary: "Launch permissioned launchpad for futarchy DAOs — 'unruggable ICOs' where all USDC goes to DAO treasury or liquidity pool"
+tags: ["futarchy", "launchpad", "unruggable-ico", "capital-formation", "futardio"]
+---
+
+# MetaDAO: Release a Launchpad
+
+## Summary
+Proposal to release a launchpad enabling new projects to raise capital through futarchy-governed DAOs. Mechanics: (1) project creators specify minimum USDC needed; (2) funders commit USDC over 5 days, receiving 1,000 tokens per USDC; (3) if minimum met, 10% of USDC paired with tokens in a constant-product AMM, remaining USDC + mint authority transferred to a futarchy DAO; (4) if minimum not met, funders burn tokens to reclaim USDC. Initially permissioned (Proph3t and Kollan select projects), with discretion to transition to permissionless.
+
+This is the genesis proposal for what became Futardio — MetaDAO's ownership coin launchpad.
+
+## Market Data
+- **Outcome:** Passed (2025-03-01)
+- **Autocrat version:** 0.3
+- **Key participants:** Proph3t (co-author), Kollan (co-author)
+
+## Significance
+This is arguably MetaDAO's most consequential proposal — it created the Futardio launchpad that would generate most of MetaDAO's revenue and ecosystem value. The "unruggable ICO" framing solves the central trust problem of crypto fundraising: if the team walks away, anyone can propose treasury liquidation and return funds to investors. This is the concrete mechanism behind the claim that "futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible."
+
+The progression from [[metadao-create-futardio]] (failed, one sentence, November 2024) to this proposal (passed, detailed mechanics, February 2025) demonstrates futarchy's quality filtering: same concept, dramatically different specification, opposite outcomes.
+
+Key design choices: fixed price (1,000 tokens/USDC) rather than auction, 10% to AMM LP, initially permissioned with path to permissionless. The founders explicitly reserved discretion to change mechanics (e.g., adopt IDO pool approach), showing pragmatic flexibility within the futarchy governance framework.
+
+## Relationship to KB
+- [[metadao]] — launchpad creation, major strategic pivot
+- [[futardio]] — the entity created by this proposal
+- [[metadao-create-futardio]] — the earlier failed version of this concept
+- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — the core value proposition
+- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — launchpad designed around investor protection
+- [[internet-capital-markets-compress-fundraising-timelines]] — 5-day raise window
+- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — initially permissioned to manage this risk
+
+---
+
+Relevant Entities:
+- [[metadao]] — parent organization
+- [[futardio]] — the launchpad created by this proposal
+- [[proph3t]] — co-author
+
+Topics:
+- [[internet finance and decision markets]]