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rio: extract from 2024-01-12-futardio-proposal-create-spot-market-for-meta.md

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- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

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---
type: entity
entity_type: decision_market
name: "MetaDAO: Create Spot Market for META?"
domain: internet-finance
status: passed
parent_entity: "[[metadao]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
proposal_date: 2024-01-12
resolution_date: 2024-01-18
category: "fundraise"
summary: "Proposal to create a spot market for $META tokens through a public sale at TWAP pricing with $75K hard cap and $35K allocated to liquidity pool creation."
tracked_by: rio
created: 2026-03-11
---
# MetaDAO: Create Spot Market for META?
## Summary
This proposal initiated the creation of a spot market for $META tokens to establish broader public access and liquidity. The mechanism involved selling tokens at the Time-Weighted Average Price (TWAP) of the passing proposal, with a $75K hard cap on the sale and approximately $35K allocated to creating a liquidity pool. The proposal passed and completed on 2024-01-18.
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Proposal Number:** 3
- **Hard Cap:** $75,000
- **LP Allocation:** ~$35,000
- **Sale Price:** TWAP of passing proposal
- **Sale Quantity:** Hard cap / Sale Price
## Mechanism Design
The proposal used TWAP-based pricing to prevent gaming and front-running. Token sale proceeds were split between liquidity pool creation ($35K) and operational funding in $SOL tokens (remainder). The proposal included a failure contingency: if rejected, MetaDAO would be unable to raise from public markets until March 12, 2024.
## Significance
This was MetaDAO's third proposal and represented a critical fundraising and liquidity establishment event. The TWAP pricing mechanism demonstrated futarchy's application to token sale pricing, avoiding the instantaneous arbitrage problems of fixed-price launches. The proposal's structure created a credible commitment mechanism through the market-determined price.
## Relationship to KB
- [[metadao]] - parent organization
- [[futardio]] - platform used for governance
- [[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]] - mechanism used

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inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2
date: 2024-01-12
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: "Extracted decision_market entity for MetaDAO's spot market creation proposal. This is a governance decision with clear financial parameters and mechanism design significance. No new claims extracted as the TWAP pricing mechanism and futarchy implementation are already covered in existing KB claims. The proposal demonstrates practical application of existing mechanisms rather than introducing novel insights."
---
## Proposal Details
@ -75,3 +79,13 @@ The proposal invites futards to actively participate in shaping the future of th
- Autocrat version: 0.1
- Completed: 2024-01-18
- Ended: 2024-01-18
## Key Facts
- MetaDAO Proposal #3 passed on 2024-01-18
- Proposal account: 9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
- DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
- Autocrat version: 0.1
- Hard cap: $75,000 with ~$35,000 allocated to LP creation
- Sale price set at TWAP of passing proposal
- Failure contingency: no public fundraising until March 12, 2024