From dbf41e7d05031a7e6be4577b7ede0e15a0dd19b8 Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 13:54:30 +0000 Subject: [PATCH] rio: extract from 2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio --- entities/internet-finance/ben-hawkins.md | 21 ++++++++++ .../metadao-otc-trade-ben-hawkins.md | 39 +++++++++++++++++++ entities/internet-finance/metadao.md | 1 + ...age-in-50000-otc-trade-with-ben-hawkins.md | 15 ++++++- 4 files changed, 75 insertions(+), 1 deletion(-) create mode 100644 entities/internet-finance/ben-hawkins.md create mode 100644 entities/internet-finance/metadao-otc-trade-ben-hawkins.md diff --git a/entities/internet-finance/ben-hawkins.md b/entities/internet-finance/ben-hawkins.md new file mode 100644 index 00000000..36a4913a --- /dev/null +++ b/entities/internet-finance/ben-hawkins.md @@ -0,0 +1,21 @@ +--- +type: entity +entity_type: person +name: "Ben Hawkins" +domain: internet-finance +status: active +tracked_by: rio +created: 2026-03-11 +--- + +# Ben Hawkins + +## Overview +Ben Hawkins is a participant in the Solana DeFi ecosystem who engaged with MetaDAO's futarchy governance system through an OTC trade proposal in early 2024. + +## Timeline +- **2024-02-13** — Proposed [[metadao-otc-trade-ben-hawkins]]: offered to purchase 1,500 META tokens for $50,000 USDC at $33.33 per token, proposal failed + +## Relationship to KB +- [[metadao]] - proposed OTC trade with treasury +- [[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 used diff --git a/entities/internet-finance/metadao-otc-trade-ben-hawkins.md b/entities/internet-finance/metadao-otc-trade-ben-hawkins.md new file mode 100644 index 00000000..426297ed --- /dev/null +++ b/entities/internet-finance/metadao-otc-trade-ben-hawkins.md @@ -0,0 +1,39 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins" +domain: internet-finance +status: failed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "Ben Hawkins" +proposal_url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK" +proposal_date: 2024-02-13 +resolution_date: 2024-02-18 +category: "treasury" +summary: "Ben Hawkins proposed to mint 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins + +## Summary +Ben Hawkins proposed an OTC trade where MetaDAO would mint 1,500 META tokens and send them to his address in exchange for $50,000 USDC to be deposited in MetaDAO's treasury. The proposal valued META at $33.33 per token. The proposal failed after a 5-day decision period. + +## Market Data +- **Outcome:** Failed +- **Proposer:** Ben Hawkins +- **Proposal Account:** US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK +- **Proposal Number:** 6 +- **Created:** 2024-02-13 +- **Completed:** 2024-02-18 +- **Ended:** 2024-02-18 +- **Autocrat Version:** 0.1 + +## Significance +This proposal represents an early test of MetaDAO's futarchy-governed treasury operations, specifically the mechanism for OTC token sales to strategic participants. The failure suggests the market did not believe this trade would increase META token value at the proposed price point, demonstrating futarchy's ability to reject treasury dilution when terms are unfavorable. + +## Relationship to KB +- [[metadao]] - treasury governance decision +- [[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 used diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..377820e1 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2026-03** — Pine Analytics Q4 2025 quarterly report published - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets +- **2024-02-13** — [[metadao-otc-trade-ben-hawkins]] failed: Ben Hawkins proposed minting 1,500 META for $50,000 USDC at $33.33 per token, futarchy markets rejected the treasury dilution ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md b/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md index 778b1330..aa5c941d 100644 --- a/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md +++ b/inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK date: 2024-02-13 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: "Routine treasury OTC proposal that failed. No novel mechanism insights or claims to extract. Created decision_market entity for the proposal, updated MetaDAO timeline, and created Ben Hawkins person entity. This is similar to the Pantera Capital OTC proposal that also failed, suggesting a pattern of market rejection for OTC trades at this price point during this period." --- ## Proposal Details @@ -51,3 +55,12 @@ in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKe - Autocrat version: 0.1 - Completed: 2024-02-18 - Ended: 2024-02-18 + + +## Key Facts +- MetaDAO proposal #6 created 2024-02-13, completed 2024-02-18 +- Ben Hawkins proposed minting 1,500 META for $50,000 USDC ($33.33 per META) +- Proposal account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK +- Recipient address: GxHamnPVxsBaWdbUSjR4C5izhMv2snriGyYtjCkAVzze +- Treasury address: ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy +- Autocrat version: 0.1