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---
type: entity
entity_type: decision_market
name: "Drift: Futarchy Proposal - Welcome the Futarchs"
domain: internet-finance
status: passed
parent_entity: "[[drift]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS"
proposal_date: 2024-05-30
resolution_date: 2024-06-02
category: "grants"
summary: "50,000 DRIFT incentive program to reward early MetaDAO participants and bootstrap Drift Futarchy proposal quality through retroactive rewards and future proposal creator incentives"
tracked_by: rio
created: 2026-03-11
---
# Drift: Futarchy Proposal - Welcome the Futarchs
## Summary
This proposal allocated 50,000 DRIFT tokens to bootstrap participation in Drift Futarchy through a three-part incentive structure: retroactive rewards for early MetaDAO participants (12,000 DRIFT), future proposal creator rewards (10,000 DRIFT for up to 10 proposals over 3 months), and active participant rewards (25,000 DRIFT pool). The proposal passed on 2024-06-02 and established a 2/3 multisig execution group to distribute funds according to specified criteria.
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJz9XbAJz981HdVaNz
- **Proposal Account:** 9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS
- **DAO Account:** 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx
- **Autocrat Version:** 0.3
- **Duration:** 2024-05-30 to 2024-06-02 (3 days)
## Allocation Structure
- **Retroactive Rewards (12,000 DRIFT):** 32 MetaDAO participants with 5+ conditional vault interactions over 30+ days, tiered by META holdings (100-400 DRIFT per participant) plus AMM swappers (2,400 DRIFT pool)
- **Future Proposal Incentives (10,000 DRIFT):** Up to 5,000 DRIFT per passing proposal honored by security council, claimable after 3 months
- **Active Participant Pool (25,000 DRIFT):** Split among sufficiently active accounts, criteria finalized by execution group, claimable after 3 months
- **Execution Group (3,000 DRIFT):** 2/3 multisig (metaprophet, Sumatt, Lmvdzande) to distribute funds
## Significance
This proposal demonstrates that futarchy implementations require explicit incentive design to bootstrap participation and proposal quality, not just the core conditional market mechanism. The retroactive reward structure targets demonstrated engagement (5+ interactions over 30+ days) rather than simple token holdings, and the future proposal creator rewards create explicit financial incentives for well-formulated proposals. The use of a multisig execution group with discretion over "sufficiently active" criteria shows governance flexibility within the futarchy framework.
## Relationship to KB
- [[drift]] - governance decision establishing incentive program
- [[metadao]] - source of participant data via Dune dashboard
- 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 - mechanism context
- MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions - participation bootstrapping challenge