extract: 2024-05-30-futardio-proposal-drift-futarchy-proposal-welcome-the-futarchs

Pentagon-Agent: Ganymede <F99EBFA6-547B-4096-BEEA-1D59C3E4028A>

entities/internet-finance/drift-futarchy-proposal-welcome-the-futarchs.md

@@ -0,0 +1,45 @@
+---
+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

entities/internet-finance/drift.md

@@ -6,4 +6,9 @@ type: timeline
 2024-07-01: New event description.
 2024-07-05: Another new event description.
 2024-07-09: Event description.
-2025-02-13: Event description.
+2025-02-13: Event description.
+
+## Timeline
+
+- **2024-05-30** — [[drift-futarchy-proposal-welcome-the-futarchs]] proposed: 50,000 DRIFT incentive program for early MetaDAO participants and future proposal creators
+- **2024-06-02** — [[drift-futarchy-proposal-welcome-the-futarchs]] passed: established retroactive rewards (12K DRIFT), proposal creator incentives (10K DRIFT), and active participant pool (25K DRIFT) with 2/3 multisig execution

inbox/archive/2024-05-30-futardio-proposal-drift-futarchy-proposal-welcome-the-futarchs.md

@@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9z
 date: 2024-05-30
 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
+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", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Proposal is primarily entity data (decision_market) with enrichment value for existing futarchy mechanism claims. No novel claims extracted - the incentive design is implementation detail rather than arguable proposition. The proposal demonstrates bootstrapping challenges in futarchy adoption but doesn't make new theoretical claims about the mechanism."
 ---
 
 ## Proposal Details
@@ -107,3 +112,13 @@ In the event of uncertainty or excess budget, funds shall be returned to origina
 - Autocrat version: 0.3
 - Completed: 2024-06-02
 - Ended: 2024-06-02
+
+
+## Key Facts
+- 32 MetaDAO participants qualified for retroactive rewards based on 5+ conditional vault interactions over 30+ days (cutoff May 19, 2024)
+- Retroactive reward tiers: <1 META = 100 DRIFT, >=1 META = 200 DRIFT, >=10 META = 400 DRIFT
+- Execution group multisig: metaprophet, Sumatt, Lmvdzande (2/3 threshold)
+- Program duration: 10 proposals or 3 months, whichever is longer
+- Proposal account: 9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS
+- DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx
+- Autocrat version: 0.3