diff --git a/entities/internet-finance/drift-fund-the-drift-superteam-earn-creator-competition.md b/entities/internet-finance/drift-fund-the-drift-superteam-earn-creator-competition.md new file mode 100644 index 000000000..620f30ced --- /dev/null +++ b/entities/internet-finance/drift-fund-the-drift-superteam-earn-creator-competition.md @@ -0,0 +1,39 @@ +--- +type: entity +entity_type: decision_market +name: "Drift: Fund The Drift Superteam Earn Creator Competition" +domain: internet-finance +status: failed +parent_entity: "[[drift]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY" +proposal_date: 2024-08-27 +resolution_date: 2024-08-31 +category: "grants" +summary: "Proposal to fund $8,250 prize pool for Drift Protocol Creator Competition promoting B.E.T prediction market through Superteam Earn bounties" +tracked_by: rio +created: 2026-03-11 +--- + +# Drift: Fund The Drift Superteam Earn Creator Competition + +## Summary +Proposal to allocate $8,250 from the Drift Foundation Grants Program to fund a creator competition on Superteam Earn celebrating the launch of B.E.T (Solana's first capital efficient prediction market). The competition included three bounty tracks (video, Twitter thread, trade ideas) plus a grand prize, each with tiered rewards. + +## Market Data +- **Outcome:** Failed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Created:** 2024-08-27 +- **Completed:** 2024-08-31 +- **Prize Pool:** $8,250 in DRIFT tokens + - Grand prize: $3,000 + - Three bounty tracks: $1,750 each (1st: $1,000, 2nd: $500, 3rd: $250) + +## Significance +Represents an early futarchy-governed marketing/grants decision for a DeFi protocol. The failure suggests either insufficient community support for the spending, skepticism about ROI from creator competitions, or concerns about the B.E.T product itself. Notable as a test case for using futarchy to govern community engagement and marketing budgets rather than just technical or treasury decisions. + +## Relationship to KB +- [[drift]] - parent entity governance decision +- [[futardio]] - platform hosting the decision market +- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - relevant pattern diff --git a/entities/internet-finance/drift.md b/entities/internet-finance/drift.md index 45f30f96b..0f66ccbd3 100644 --- a/entities/internet-finance/drift.md +++ b/entities/internet-finance/drift.md @@ -37,6 +37,7 @@ Perpetuals DEX on Solana — one of the largest decentralized derivatives platfo - **2024-12-19** — AI Agents Grants program: 50K DRIFT for trading, yield, info, and social agents - **2025-02-13** — Drift Working Group funded via futarchy +- **2024-08-27** — [[drift-fund-the-drift-superteam-earn-creator-competition]] failed: Futarchy proposal to fund $8,250 Superteam Earn creator competition for B.E.T launch rejected by market ## Competitive Position - **Futarchy validation**: Drift using MetaDAO's governance system is the strongest external validation signal — a major protocol choosing futarchy over traditional token voting for real treasury decisions. - **Future leverage threat**: Drift listing META perps would directly compete with OmniPair for leverage demand. This is OmniPair's identified "key vulnerability" — the moat is temporary. diff --git a/inbox/archive/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md b/inbox/archive/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md index 61e25815c..2a238303c 100644 --- a/inbox/archive/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md +++ b/inbox/archive/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMG date: 2024-08-27 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 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Single failed governance proposal for marketing/community engagement spending. No novel mechanism insights or claims - purely factual governance event. Created decision_market entity and updated parent Drift entity timeline." --- ## Proposal Details @@ -75,3 +79,14 @@ Link to campaign details and evaluation criteria: [Link](https://docs.google.com - Autocrat version: 0.3 - Completed: 2024-08-31 - Ended: 2024-08-31 + + +## Key Facts +- Drift is the largest open-sourced perpetual futures exchange on Solana +- B.E.T is described as Solana's first capital efficient prediction market +- Proposal sought $8,250 total: $3,000 grand prize + three $1,750 bounty tracks +- Competition would run through Superteam Earn platform +- Funding would come from Drift Foundation Grants Program in DRIFT tokens +- Proposal account: AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY +- DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx +- Autocrat version: 0.3