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Merge pull request 'extract: 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta' (#949) from extract/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta into main

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entities/internet-finance/metadao.md
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@ -60,6 +60,10 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC
- **2023-11-18** — [[metadao-develop-lst-vote-market]] proposed: first product development proposal requesting 3,000 META to build Votium-style validator bribe platform for MNDE/mSOL holders
- **2023-11-29** — [[metadao-develop-lst-vote-market]] passed: approved LST Vote Market development with projected $10.5M enterprise value addition
- **2023-12-03** — Proposed Autocrat v0.1 migration with configurable proposal slots and 3-day default duration
- **2023-12-13** — Completed Autocrat v0.1 migration, moving 990,000 META, 10,025 USDC, and 5.5 SOL to new program despite unverifiable build
- **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG)
- **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
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@ -6,9 +6,12 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t
date: 2024-02-05
domain: internet-finance
format: data
status: unprocessed
status: enrichment
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-15
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -61,3 +64,12 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu
- Autocrat version: 0.1
- Completed: 2024-02-10
- Ended: 2024-02-10
## Key Facts
- MetaDAO Proposal 5 passed on 2024-02-05 and completed on 2024-02-10
- The proposal transferred 4,130 META to a 4/6 multisig: 3,100 META for sale participants, 1,000 META for liquidity pool, 30 META for multisig compensation (5 META each)
- Initial META spot price was set at 35 USDC/META through the liquidity pool pairing
- Multisig members were Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis
- Participants had a 2-day window (Feb 5-7) to transfer USDC for their allocations
- The liquidity pool was likely created on Meteora