Merge pull request 'rio: extract claims from 2024-02-26-futardio-proposal-increase-meta-liquidity-via-a-dutch-auction' (#625) from extract/2024-02-26-futardio-proposal-increase-meta-liquidity-via-a-dutch-auction into main

entities/internet-finance/metadao-increase-meta-liquidity-dutch-auction.md

@@ -0,0 +1,64 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Increase META Liquidity via a Dutch Auction"
+domain: internet-finance
+status: passed
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ"
+proposal_url: "https://www.futard.io/proposal/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
+proposal_account: "Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
+proposal_number: 10
+proposal_date: 2024-02-26
+resolution_date: 2024-03-02
+category: "treasury"
+summary: "Sell 1,000 META via manual Dutch auction on OpenBook to acquire USDC for liquidity pairing on Meteora"
+key_metrics:
+  meta_sold: "1,000"
+  meta_for_liquidity: "2,000"
+  total_meta_requested: "3,005.45"
+  compensation_meta: "5.45"
+  multisig_size: "3/5"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Increase META Liquidity via a Dutch Auction
+
+## Summary
+Proposal to address META's low liquidity and high volatility by selling 1,000 META through a manual Dutch auction executed on OpenBook, then pairing the acquired USDC with META to provide liquidity on Meteora's fee pools. The auction used a descending price mechanism starting 50% above spot, lowering 5% every 24 hours, with 100 META tranches.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ
+- **Proposal Account:** Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT
+- **Proposal Number:** 10
+- **Autocrat Version:** 0.1
+- **Created:** 2024-02-26
+- **Completed:** 2024-03-02
+
+## Mechanism Design
+- Manual Dutch auction via OpenBook
+- 100 META tranches, starting 50% above spot price
+- Price reduction: 5% every 24 hours if >6% above spot
+- New asks placed 10% above spot when filled
+- 3/5 multisig execution (LMRVapqnn1LEwKaD8PzYEs4i37whTgeVS41qKqyn1wi)
+- Final liquidity moved to Meteora 1% fee pool
+
+## Compensation Structure
+Sealed-bid auction for multisig positions:
+- Ben H: 0 META
+- Nico: 0 META
+- joebuild: 0.2 META
+- Dodecahedr0x: 0.25 META
+- Proposal creator (Durden): 5 META
+- **Total:** 5.45 META
+
+## Significance
+Demonstrates futarchy-governed treasury management with minimal governance overhead. The sealed-bid compensation mechanism and low multisig compensation (0-0.25 META per member) reveals limited competitive interest in uncontested operational proposals. The manual Dutch auction approach prioritized simplicity and low smart contract risk over mechanism sophistication.
+
+## Relationship to KB
+- [[metadao]] - treasury management decision
+- [[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]] - operational implementation example
+- [[meteora]] - liquidity destination platform

entities/internet-finance/metadao.md

@@ -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
+- **2024-02-26** — [[metadao-increase-meta-liquidity-dutch-auction]] proposed: sell 1,000 META via manual Dutch auction on OpenBook to acquire USDC for Meteora liquidity pairing
+- **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

inbox/archive/2024-02-26-futardio-proposal-increase-meta-liquidity-via-a-dutch-auction.md

@@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVV
 date: 2024-02-26
 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", "MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Proposal 10 is primarily operational/treasury management with no novel mechanism claims. The Dutch auction was manually executed (not programmatic), making it a governance case study rather than a mechanism innovation. Extracted as decision_market entity with enrichments to existing futarchy implementation claims. The sealed-bid multisig compensation structure (0-0.25 META) provides evidence for limited trading volume in uncontested decisions."
 ---
 
 ## Proposal Details
@@ -116,3 +121,12 @@ This proposal will significantly increase Meta DAO's protocol-owned liquidity as
 - Autocrat version: 0.1
 - Completed: 2024-03-02
 - Ended: 2024-03-02
+
+
+## Key Facts
+- MetaDAO Proposal 10 requested 3,005.45 total META (1,000 to sell, 2,000 for liquidity pairing, 5.45 compensation)
+- Multisig address: LMRVapqnn1LEwKaD8PzYEs4i37whTgeVS41qKqyn1wi (3/5 threshold)
+- Multisig members: Durden (91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj), Ben H (Hu8qped4Cj7gQ3ChfZvZYrtgy2Ntr6YzfN7vwMZ2SWii), Nico (6kDGqrP4Wwqe5KBa9zTrgUFykVsv4YhZPDEX22kUsDMP), joebuild (XXXvLz1B89UtcTsg2hT3cL9qUJi5PqEEBTHg57MfNkZ), Dodecahedr0x (UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e)
+- Dutch auction mechanics: start 50% above spot, lower 5% every 24h if >6% above spot, new asks at 10% above spot when filled
+- Liquidity destination: Meteora 4% fee pool initially, then consolidated to 1% fee pool
+- DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy