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+---
+type: evidence
+source: "https://www.metadao.fi/projects/solomon/proposal/8c9sFZ5Z46ZLnhywkWuJ5BhJK4Wrj19AN4gzQicyBKjK"
+author: "Solomon DAO"
+date: 2026-03-05
+archived_by: rio
+tags: [solomon, treasury, subcommittee, legal, governance, SOP, metadao-ecosystem]
+---
+
+# Solomon DP-00001: Treasury Subcommittee (Pre-Formation) and Legal Budget — Full Text
+
+## Market Data (as of Mar 5 2026)
+
+- Total Volume: $5.79K
+- Pass Likelihood: 50%
+- SOLO-USDC Pass Price: $0.5651 (+1.00%) | Spot: $0.5595 | Fail Price: $0.5554 (-0.73%)
+
+## Summary
+
+A staged path to deploy the DAO treasury. DP-00001 does two things:
+1. Funds a capped $150K legal and compliance budget in a segregated wallet (restricted to legal/regulatory work only)
+2. Nominates a pre-formation treasury subcommittee for readiness work only (no authority to move treasury funds)
+
+## Key Details
+
+**Subcommittee Designates:**
+- Drew (Co-founder 01Resolved) — crypto native finance, treasury intelligence
+- Usman (Founder Oro/orogoldapp) — RWA infrastructure, gold
+- Kru (Co-founder Umbra Privacy) — design, building on Solana since 2022
+- Kollan (Co-Founder MetaDAO) — governance, capital formation, early-stage funding
+
+**What designates CAN do:** Draft treasury policies, design multisig/vault plans, prepare allowlists/limits/incident-response, prepare service provider checklists.
+
+**What designates CANNOT do under DP-00001:** Move or control any treasury funds, act as live treasury subcommittee, speak for or bind the company.
+
+**Legal budget:** $150K USDC from DAO treasury to dedicated wallet. Three firms: Morrison Cohen LLP, NXT Law, GVRN. Covers formation completion, filings, safe governance structures.
+
+**Pass thresholds adjusted:** Team-sponsored proposals: -300 bps. Non-team proposals: +300 bps. Minimum stake: 500K -> 1.5M (aligned with cohort DAOs).
+
+**SOP Registry framework introduced:** Standard Operating Procedures drafted by subcommittee, reviewed by membership, ratified through Operational Packs via futarchy votes. No SOPs adopted in DP-00001.
+
+## Three-Step Rollout
+
+1. DP-00001 (this): Name designates, release legal budget, introduce SOP framework
+2. DP-00002 (planned): SOLO buyback framework
+3. DP-00003 (planned): Confirm company formation, designate Company Treasury Account, move initial tranche, activate delegated treasury authority with limits
+
+## Rio's assessment
+
+- Extraordinary institutional detail for a futarchy-governed DAO — subcommittees, SOPs, confidentiality undertakings, three law firms, segregated wallets
+- Pass threshold asymmetry is a mechanism design detail: team proposals need to "not hurt" (-300 bps), non-team need to "help" (+300 bps) — implicit trust calibration
+- 50% pass likelihood with only $5.79K volume — this is an example of the "limited trading volume in uncontested decisions" phenomenon. The proposal is procedural, not contentious.
+- New claim: futarchy-governed DAOs converge on corporate governance patterns for treasury operations
+- Enriches: MetaDAO platform analysis, futarchy adoption friction
+- The staged rollout itself is evidence that operationalizing futarchy governance is a multi-step process requiring traditional institutional controls