rio: extract from 2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md
- Source: inbox/archive/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) 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: "Drift: Fund The Drift Superteam Earn Creator Competition"
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domain: internet-finance
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status: failed
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parent_entity: "[[drift]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY"
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proposal_date: 2024-08-27
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resolution_date: 2024-08-31
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category: "grants"
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summary: "Proposal to fund $8,250 prize pool for Drift Protocol Creator Competition promoting B.E.T prediction market through Superteam Earn bounties"
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tracked_by: rio
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created: 2026-03-11
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---
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# Drift: Fund The Drift Superteam Earn Creator Competition
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Created:** 2024-08-27
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- **Completed:** 2024-08-31
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- **Prize Pool:** $8,250 in DRIFT tokens
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- Grand prize: $3,000
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- Three bounty tracks: $1,750 each (1st: $1,000, 2nd: $500, 3rd: $250)
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## Significance
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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.
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## Relationship to KB
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- [[drift]] - parent entity governance decision
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- [[futardio]] - platform hosting the decision market
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- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - relevant pattern
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@ -37,6 +37,7 @@ Perpetuals DEX on Solana — one of the largest decentralized derivatives platfo
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- **2024-12-19** — AI Agents Grants program: 50K DRIFT for trading, yield, info, and social agents
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- **2024-12-19** — AI Agents Grants program: 50K DRIFT for trading, yield, info, and social agents
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- **2025-02-13** — Drift Working Group funded via futarchy
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- **2025-02-13** — Drift Working Group funded via futarchy
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- **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
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## Competitive Position
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## Competitive Position
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- **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.
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- **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.
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- **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.
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- **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.
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMG
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date: 2024-08-27
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date: 2024-08-27
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domain: internet-finance
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domain: internet-finance
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format: data
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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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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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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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extraction_model: "anthropic/claude-sonnet-4.5"
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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."
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---
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---
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## Proposal Details
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## Proposal Details
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@ -75,3 +79,14 @@ Link to campaign details and evaluation criteria: [Link](https://docs.google.com
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- Autocrat version: 0.3
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- Autocrat version: 0.3
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- Completed: 2024-08-31
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- Completed: 2024-08-31
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- Ended: 2024-08-31
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- Ended: 2024-08-31
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## Key Facts
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- Drift is the largest open-sourced perpetual futures exchange on Solana
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- B.E.T is described as Solana's first capital efficient prediction market
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- Proposal sought $8,250 total: $3,000 grand prize + three $1,750 bounty tracks
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- Competition would run through Superteam Earn platform
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- Funding would come from Drift Foundation Grants Program in DRIFT tokens
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- Proposal account: AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY
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- DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx
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- Autocrat version: 0.3
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