From a77a7d62b52a8c278a10d476e958f553826ec0d6 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Wed, 18 Mar 2026 18:34:08 +0000 Subject: [PATCH] =?UTF-8?q?ingestion:=20archive=20futardio=20proposal=20?= =?UTF-8?q?=E2=80=94=202024-03-03-futardio-proposal-burn-993-of-meta-in-tr?= =?UTF-8?q?easury.md?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit --- ...o-proposal-burn-993-of-meta-in-treasury.md | 88 +++++++++++++++++++ 1 file changed, 88 insertions(+) create mode 100644 inbox/archive/2024-03-03-futardio-proposal-burn-993-of-meta-in-treasury.md diff --git a/inbox/archive/2024-03-03-futardio-proposal-burn-993-of-meta-in-treasury.md b/inbox/archive/2024-03-03-futardio-proposal-burn-993-of-meta-in-treasury.md new file mode 100644 index 00000000..89dfa040 --- /dev/null +++ b/inbox/archive/2024-03-03-futardio-proposal-burn-993-of-meta-in-treasury.md @@ -0,0 +1,88 @@ +--- +type: source +title: "Futardio: Burn 99.3% of META in Treasury?" +author: "futard.io" +url: "https://www.futard.io/proposal/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU" +date: 2024-03-03 +domain: internet-finance +format: data +status: unprocessed +tags: [futardio, metadao, futarchy, solana, governance] +event_type: proposal +--- + +## Proposal Details +- Project: MetaDAO +- Proposal: Burn 99.3% of META in Treasury? +- Status: Passed +- Created: 2024-03-03 +- URL: https://www.futard.io/proposal/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU +- Description: Burn 99.3% of META in Treasury? + +## Summary + +### 🎯 Key Points +The proposal aims to burn approximately 99.3% of treasury-held META tokens to reduce the Fully Diluted Valuation (FDV), enhance the attractiveness of META for investors, and promote community engagement. + +### 📊 Impact Analysis +#### 👥 Stakeholder Impact +This action seeks to encourage broader participation from potential investors and community members by lowering the FDV. + +#### 📈 Upside Potential +The reduction in token supply could increase demand and perceived value of META, leading to improved investor interest and engagement. + +#### 📉 Risk Factors +Burning a significant portion of tokens may limit future financial flexibility and could deter investors concerned about long-term supply dynamics. + +## Content + +#### Authors +doctor.sol & rar3 + +### Overview +Burn ~99.3% `979,000` of treasury-held META tokens to significantly reduce the FDV, with the goal of making META more appealing to investors and enhancing community engagement. + +### Background +The META DAO is currently perceived to have a **high Fully Diluted Valuation (FDV)** due to the substantial amount of META tokens in the treasury, approximately `985,000 tokens`. This high FDV often **discourages potential investors and participants** from engaging with META, as they may perceive the investment as less attractive right from the start. + +### Issue at Hand +The primary concern is that the high FDV and treasury leads to the following problems: + +1. **It encourages the use of META for expenses.** +2. **It lowers the attractiveness of META as an investment opportunity** at face value. +3. **It reduces the number of individuals willing to participate** in this futuarchy experiment. + +While a high FDV can deter less informed community members, which has its benefits, it also potentially wards off highly valuable community members who could contribute positively. + +#### Examples +- https://imgur.com/a/KHMjJqo +- https://imgur.com/a/3DH2jcO + +### Proposed Solution +We propose **burning approximately ~99.3%** of the META tokens -`99,000 tokens` - currently held in the DAO's treasury. This action is aimed at achieving the following outcomes: + +- **Elimination of Treasury META Payments**: Reduces the propensity to utilize $META from the treasury for proposal payments, promoting a healthier economic framework. +- **Market-Based Token Acquisition**: Future requirements for $META tokens will necessitate market purchases, fostering demand and enhancing token value. +- **Prioritization of $USDC and Revenue**: Shifting towards $USDC payments and focusing on revenue generation marks a move towards financial sustainability and robustness. +- **Confidence Boost in META**: By significantly reducing the supply of META tokens, we signal a strong commitment to the token's value, **potentially leading to increased interest and participation in prop 10 execution.** +- **Attracting a Broader Community**: Lowering the FDV makes META more attractive at face value, inviting a wider range of participants, including those who conduct thorough research and those attracted by the token's perceived tokenomics. + +### Rundown of Numbers: +- **Current Treasury:** `982,464 META tokens` +- **After Burning:** `3,464 META tokens` +- **Post-Proposition 10:** An expected `1,000 META tokens` should be added back from multisig after prop 10, ranging anywhere from `0 to 3,000 META`. +- **Final Treasury:** After burning, the treasury would have around `4,500 META`, valued at `$4 million`, plus `$2 million in META-USDC LP` at todays price `$880 / META`. +- **Total META supply:** `20,885` + +#### Note +Adopting this proposal does **not permanently cap our token supply.** The community is currently discussing the possibility of transitioning to a **mintable token model**, which would provide the flexibility to issue more tokens if the need arises. + +## Raw Data + +- Proposal account: `ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU` +- Proposal number: 11 +- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy` +- Proposer: `Pr11UFzumi5GXoZVtnFHDpB6NiWM3XH57L6AnKzXyzD` +- Autocrat version: 0.1 +- Completed: 2024-03-08 +- Ended: 2024-03-08