rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
- Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
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---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Execute Creation of Spot Market for META?"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e"
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proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
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proposal_date: 2024-02-05
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resolution_date: 2024-02-10
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category: "treasury"
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summary: "Authorized transfer of 4,130 META to 4/6 multisig for executing spot market creation with 75,000 USDC raise and Meteora liquidity pool"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Execute Creation of Spot Market for META?
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## Summary
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Proposal 5 authorized the operational execution of Proposal 3's mandate to raise capital and create a META liquidity pool. The proposal transferred 4,130 META to a 4/6 multisig (Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis) to execute a 75,000 USDC raise, distribute 3,100 META to participants, create a liquidity pool on Meteora with 1,000 META paired with 35,000 USDC (setting initial price at 35 USDC/META), and compensate multisig members with 5 META each.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
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- **Proposal Account:** HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF
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- **Completed:** 2024-02-10
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- **Autocrat Version:** 0.1
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## Execution Process
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1. Demand collection via Google form
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2. Allocation decisions by Proph3t (Monday, Feb 5)
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3. 48-hour USDC transfer window (Feb 5-7, Wednesday deadline)
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4. Backfill allocation for non-compliant participants (Thursday, Feb 8)
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5. META distribution, pool creation on Meteora, multisig disbandment (Friday, Feb 9)
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## Significance
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This proposal reveals the hybrid trust model in MetaDAO's futarchy implementation: while the decision to execute was governed by conditional markets, the actual execution relied on a reputation-staked multisig with no algorithmic enforcement. The proposal explicitly acknowledged: "there is no algorithmic guarantee that the multisig members will actually perform this, but it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation in order to do something different." This demonstrates the practical scaffolding required to bridge futarchy governance and operational execution, particularly for treasury operations involving external coordination (participant transfers, DEX pool creation).
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## Token Allocation
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- **Sale participants:** 3,100 META
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- **Liquidity pool:** 1,000 META + 35,000 USDC
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- **Multisig compensation:** 30 META (5 per member)
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- **Initial price:** 35 USDC/META
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- **Total raise target:** 75,000 USDC
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## Relationship to KB
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- [[metadao]] - treasury and liquidity management decision
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- [[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
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- [[meteora]] - liquidity pool platform
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@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
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- **2026-03** — Pine Analytics Q4 2025 quarterly report published
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- **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
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- **2024-02-05** — [[metadao-execute-creation-of-spot-market-for-meta]] passed: Authorized 4,130 META transfer to 4/6 multisig for executing 75K USDC raise and Meteora liquidity pool creation at 35 USDC/META initial price
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## Key Decisions
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| Date | Proposal | Proposer | Category | Outcome |
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|------|----------|----------|----------|---------|
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@ -37,6 +37,7 @@ Solana liquidity protocol offering Dynamic Liquidity Market Maker (DLMM) pools,
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- **2025-Q4** — Meteora LP generates $1.15M in fees for MetaDAO (Pine Analytics Q4 report)
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- **2025-10 to 2026-03** — Every Futardio launch allocates 900K tokens to Meteora pool as standard template
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- **2024-02-09** — MetaDAO created META/USDC liquidity pool on Meteora with 1,000 META + 35,000 USDC following Proposal 5 authorization
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## Competitive Position
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- **Infrastructure role**: Not competing with MetaDAO — provides complementary liquidity infrastructure. Meteora is the LP venue; Futarchic AMM is the governance venue.
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- **vs Raydium**: Both are major Solana AMMs. Raydium offers CLMM (concentrated liquidity). Meteora differentiates with DLMM and dynamic bonding pools.
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@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t
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date: 2024-02-05
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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processed_by: rio
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processed_date: 2026-03-11
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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", "MetaDAO-is-the-futarchy-launchpad-on-Solana-where-projects-raise-capital-through-unruggable-ICOs-governed-by-conditional-markets-creating-the-first-platform-for-ownership-coins-at-scale.md"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "This source is a governance proposal execution record, not a source of novel claims. The primary value is in documenting the operational mechanics of MetaDAO's futarchy implementation and the specific parameters of the META spot market creation. Two enrichments added to existing claims about Autocrat implementation and MetaDAO's launchpad mechanics. Created new decision_market entity for Proposal 5 and updated timeline entries for MetaDAO and Meteora entities."
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---
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## Proposal Details
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@ -61,3 +66,14 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu
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- Autocrat version: 0.1
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- Completed: 2024-02-10
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- Ended: 2024-02-10
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## Key Facts
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- MetaDAO Proposal 5 account: HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF
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- Proposal 5 passed on 2024-02-10 using Autocrat v0.1
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- 4/6 multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis
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- Total META allocated: 4,130 (3,100 to participants, 1,000 to LP, 30 to multisig)
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- Raise target: 75,000 USDC
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- Initial META price: 35 USDC/META
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- Liquidity pool platform: Meteora
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- Execution timeline: Feb 5-9, 2024
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