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extract: 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta

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inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
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@ -6,9 +6,12 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t
date: 2024-02-05 date: 2024-02-05
domain: internet-finance domain: internet-finance
format: data format: data
status: unprocessed status: enrichment
tags: [futardio, metadao, futarchy, solana, governance] tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal event_type: proposal
processed_by: rio
processed_date: 2026-03-15
extraction_model: "anthropic/claude-sonnet-4.5"
--- ---
## Proposal Details ## Proposal Details
@ -61,3 +64,12 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu
- Autocrat version: 0.1 - Autocrat version: 0.1
- Completed: 2024-02-10 - Completed: 2024-02-10
- Ended: 2024-02-10 - Ended: 2024-02-10
## Key Facts
- MetaDAO Proposal 5 passed on 2024-02-05 and completed on 2024-02-10
- The proposal transferred 4,130 META to a 4/6 multisig: 3,100 META for sale participants, 1,000 META for liquidity pool, 30 META for multisig compensation (5 META each)
- Initial META spot price was set at 35 USDC/META through the liquidity pool pairing
- Multisig members were Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis
- Participants had a 2-day window (Feb 5-7) to transfer USDC for their allocations
- The liquidity pool was likely created on Meteora