diff --git a/entities/internet-finance/futardio-fund-rug-bounty-program.md b/entities/internet-finance/futardio-fund-rug-bounty-program.md new file mode 100644 index 00000000..a44a8d73 --- /dev/null +++ b/entities/internet-finance/futardio-fund-rug-bounty-program.md @@ -0,0 +1,48 @@ +--- +type: entity +entity_type: decision_market +name: "FutureDAO: Fund the Rug Bounty Program" +domain: internet-finance +status: passed +parent_entity: "[[futardio]]" +platform: "futardio" +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt" +proposal_date: 2024-06-14 +resolution_date: 2024-06-17 +completed_date: 2024-06-19 +category: "grants" +summary: "Proposal to fund RugBounty.xyz platform development with $5,000 USDC to help crypto communities recover from rug pulls through bounty-incentivized token migrations" +tracked_by: rio +created: 2026-03-11 +--- + +# FutureDAO: Fund the Rug Bounty Program + +## Summary +Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising >60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)". + +## Market Data +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Proposal Number:** 2 +- **Created:** 2024-06-14 +- **Ended:** 2024-06-17 +- **Completed:** 2024-06-19 + +## Budget Breakdown +- Platform Development: $3,000 USDC +- Website: $1,000 USDC +- QA: $1,000 USDC +- Operational Costs (API & Hosting): $1,000+ USDC +- $FUTURE bounties: TBD based on project scope + +## Significance +This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, extending their Token Migration tool with a bounty-based incentive layer. The program creates a structured mechanism for value recovery that could establish FutureDAO as essential crisis response infrastructure in the Solana ecosystem. + +The bounty structure (rewarding "pirates" who successfully onboard rugged communities) is a novel application of futarchy-governed capital to community organizing, treating rug pull recovery as a coordination problem with financial incentives. + +## Relationship to KB +- [[futardio]] - governance decision expanding product suite +- [[MetaDAO]] - parent futarchy infrastructure +- Related to [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - treasury allocation through market governance \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..25a65448 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: $5,000 USDC allocated to develop RugBounty.xyz platform for community-led rug pull recovery ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md index 87d3bef2..e7cf6c7f 100644 --- a/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md +++ b/inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGz date: 2024-06-14 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 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Governance proposal for product development funding. No novel mechanism claims - standard treasury allocation through futarchy. Entity extraction only: created decision_market entity for the proposal and updated parent Futardio timeline. The proposal describes a bounty mechanism for rug pull recovery but this is product design, not a generalizable claim about futarchy or governance mechanisms." --- ## Proposal Details @@ -180,3 +184,12 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu - Autocrat version: 0.3 - Completed: 2024-06-19 - Ended: 2024-06-17 + + +## Key Facts +- FutureDAO Rug Bounty Program proposal requested $5,000 USDC for platform development (2024-06-14) +- Proposal passed and completed by 2024-06-19 +- Budget breakdown: $3K platform dev, $1K website, $1K QA, $1K+ operational costs +- Success metric defined as >60% of presale target raised in SOL +- Proposer address: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- Proposal number 2 on DAO account ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm