From bef95214a85fb4b165723e0d8326a8ae12eb0ac7 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 02:13:08 +0000 Subject: [PATCH] rio: extract from 2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md - Source: inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 7) Pentagon-Agent: Rio --- ...tum-offer-investors-early-unlocks-cloud.md | 37 +++++++++++++++++++ ...-investors-early-unlocks-of-their-cloud.md | 16 +++++++- 2 files changed, 52 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/sanctum-offer-investors-early-unlocks-cloud.md diff --git a/entities/internet-finance/sanctum-offer-investors-early-unlocks-cloud.md b/entities/internet-finance/sanctum-offer-investors-early-unlocks-cloud.md new file mode 100644 index 00000000..52a76be8 --- /dev/null +++ b/entities/internet-finance/sanctum-offer-investors-early-unlocks-cloud.md @@ -0,0 +1,37 @@ +--- +type: entity +entity_type: decision_market +name: "Sanctum: Should Sanctum offer investors early unlocks of their CLOUD?" +domain: internet-finance +status: failed +parent_entity: "[[sanctum]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX" +proposal_date: 2025-08-20 +resolution_date: 2025-08-23 +category: "treasury" +summary: "Proposal to allow investors to unlock vested CLOUD immediately by forfeiting 35% to Team Reserve" +tracked_by: rio +created: 2026-03-11 +--- + +# Sanctum: Should Sanctum offer investors early unlocks of their CLOUD? + +## Summary +This proposal would have empowered the Sanctum Team to offer investors immediate unlocks of their vesting CLOUD tokens in exchange for forfeiting 35% of their holdings to the Team Reserve. With 9% of token supply unlocking monthly over 24 months from investors, the mechanism could have increased the Team Reserve by up to 27 million CLOUD while reducing token overhang. The team committed not to redistribute forfeited tokens for 24 months. + +## Market Data +- **Outcome:** Failed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Platform:** Futardio (Autocrat v0.3) +- **Duration:** 3 days (2025-08-20 to 2025-08-23) +- **Discussion:** https://research.sanctum.so/t/cloud-005-should-sanctum-offer-investors-early-unlocks-of-their-cloud-under-deliberation/1793 + +## Significance +This proposal represents an alternative to hedgeable time-based vesting: a forfeit-for-liquidity mechanism that imposes concrete costs (35% forfeit) on early exit rather than relying on lockups that investors can neutralize through derivatives. The failure suggests either (1) the forfeit rate was too high, (2) investors preferred to wait out vesting, or (3) the mechanism complexity deterred engagement. The proposal demonstrates projects actively experimenting with vesting alternatives that create real alignment costs. + +## Relationship to KB +- [[sanctum]] - governance decision +- [[time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked]] - alternative mechanism to hedging +- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - complexity friction example diff --git a/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md b/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md index 0c3b0248..ec1c7c2d 100644 --- a/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md +++ b/inbox/archive/2025-08-20-futardio-proposal-should-sanctum-offer-investors-early-unlocks-of-their-cloud.md @@ -6,7 +6,7 @@ url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6C date: 2025-08-20 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal processed_by: rio @@ -14,6 +14,11 @@ processed_date: 2025-08-20 enrichments_applied: ["time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked.md", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"] extraction_model: "anthropic/claude-sonnet-4.5" extraction_notes: "No new claims extracted. Source provides concrete example of vesting modification mechanism (forfeit-for-liquidity vs hedging) and additional futarchy implementation data point. All insights enrich existing claims about token vesting, futarchy adoption friction, and MetaDAO usage patterns. The failed proposal itself is a factual event, not an arguable claim." +processed_by: rio +processed_date: 2026-03-11 +enrichments_applied: ["time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked.md", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "No new claims extracted. Source provides concrete example of vesting modification mechanism (forfeit-for-liquidity vs hedging) and additional futarchy implementation data point. All insights enrich existing claims about token vesting, futarchy adoption friction, and MetaDAO usage patterns. Created decision_market entity for the proposal itself as it represents a significant governance mechanism experiment. The failed proposal is a factual event, but the mechanism design (forfeit-for-liquidity as alternative to hedgeable vesting) extends existing claims about vesting alignment." --- ## Proposal Details @@ -68,3 +73,12 @@ Read the full proposal here https://research.sanctum.so/t/cloud-005-should-sanct - Potential increase of up to 27 million CLOUD to Team Reserve if all investors opted in - Team committed not to redistribute forfeited tokens for 24 months - Proposal used MetaDAO Autocrat v0.3 + + +## Key Facts +- Sanctum proposal C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX failed (2025-08-23) +- 9% of CLOUD token supply was unlocking monthly over 24 months from investors +- Proposal would have allowed 35% forfeit for immediate unlock +- Potential increase of up to 27 million CLOUD to Team Reserve if all investors opted in +- Team committed not to redistribute forfeited tokens for 24 months +- Proposal used MetaDAO Autocrat v0.3