From c636c0185cb86663dcad533e06635c65b69513ee Mon Sep 17 00:00:00 2001 From: m3taversal Date: Sun, 15 Mar 2026 14:36:34 +0000 Subject: [PATCH] add entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md --- ...xecute-creation-of-spot-market-for-meta.md | 62 +++++++++++++++++++ 1 file changed, 62 insertions(+) create mode 100644 entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md diff --git a/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md b/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md new file mode 100644 index 00000000..d0e2be83 --- /dev/null +++ b/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md @@ -0,0 +1,62 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Execute Creation of Spot Market for META?" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e" +proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF" +proposal_date: 2024-02-05 +resolution_date: 2024-02-10 +category: "treasury" +summary: "Authorized 4,130 META transfer to 4/6 multisig to execute spot market creation through participant sale and liquidity pool establishment" +key_metrics: + meta_allocated: "4,130 META" + sale_allocation: "3,100 META" + lp_allocation: "1,000 META" + usdc_paired: "35,000 USDC" + initial_price: "35 USDC/META" + multisig_compensation: "30 META (5 per member)" + target_raise: "75,000 USDC" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Execute Creation of Spot Market for META? + +## Summary +This proposal authorized the transfer of 4,130 META tokens to a 4/6 multisig to execute the creation of a spot market for META tokens. The execution plan involved coordinating a private sale to raise 75,000 USDC, then using 1,000 META paired with 35,000 USDC to create a liquidity pool on Meteora, setting an initial spot price of 35 USDC per META. + +## Market Data +- **Outcome:** Passed +- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e +- **Proposal Number:** 5 +- **Completed:** 2024-02-10 +- **Autocrat Version:** 0.1 + +## Execution Structure +The proposal established a 4/6 multisig containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a multi-step process: + +1. Collect demand through Google form +2. Proph3t determines allocations +3. Participants transfer USDC (Feb 5-7 deadline) +4. Backfill unmet demand from waitlist (Feb 8) +5. Multisig distributes META to participants, creates LP, and disbands (Feb 9) + +Token allocation breakdown: +- 3,100 META to sale participants +- 1,000 META paired with 35,000 USDC for liquidity pool +- 30 META as multisig member compensation (5 META each) + +## Significance +This proposal demonstrates the operational scaffolding required for futarchy-governed treasury operations. The proposal explicitly acknowledged "no algorithmic guarantee" of execution, instead relying on reputational incentives: "it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation in order to do something different." + +The execution model shows futarchy DAOs using human-operated multisigs with social enforcement for operational tasks even when the governance decision itself is market-determined. This represents a pragmatic hybrid between algorithmic governance and traditional operational execution. + +## Relationship to KB +- [[metadao]] - parent entity, treasury operation +- [[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]] - governance mechanism +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational pattern +- [[meteora]] - liquidity pool platform \ No newline at end of file