From dc643d58368df2dec164bb5ab6847c1a193f40f5 Mon Sep 17 00:00:00 2001 From: m3taversal Date: Wed, 11 Mar 2026 18:52:59 +0000 Subject: [PATCH] Auto: entities/internet-finance/metadao-release-launchpad.md | 1 file changed, 57 insertions(+) --- .../metadao-release-launchpad.md | 57 +++++++++++++++++++ 1 file changed, 57 insertions(+) create mode 100644 entities/internet-finance/metadao-release-launchpad.md diff --git a/entities/internet-finance/metadao-release-launchpad.md b/entities/internet-finance/metadao-release-launchpad.md new file mode 100644 index 00000000..ed55bf66 --- /dev/null +++ b/entities/internet-finance/metadao-release-launchpad.md @@ -0,0 +1,57 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Release a Launchpad" +domain: internet-finance +status: passed +tracked_by: rio +created: 2026-03-11 +last_updated: 2026-03-11 +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "Proph3t & Kollan" +proposal_url: "https://www.futard.io/proposal/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef" +proposal_date: 2025-02-26 +resolution_date: 2025-03-01 +category: strategy +summary: "Launch permissioned launchpad for futarchy DAOs — 'unruggable ICOs' where all USDC goes to DAO treasury or liquidity pool" +tags: ["futarchy", "launchpad", "unruggable-ico", "capital-formation", "futardio"] +--- + +# MetaDAO: Release a Launchpad + +## Summary +Proposal to release a launchpad enabling new projects to raise capital through futarchy-governed DAOs. Mechanics: (1) project creators specify minimum USDC needed; (2) funders commit USDC over 5 days, receiving 1,000 tokens per USDC; (3) if minimum met, 10% of USDC paired with tokens in a constant-product AMM, remaining USDC + mint authority transferred to a futarchy DAO; (4) if minimum not met, funders burn tokens to reclaim USDC. Initially permissioned (Proph3t and Kollan select projects), with discretion to transition to permissionless. + +This is the genesis proposal for what became Futardio — MetaDAO's ownership coin launchpad. + +## Market Data +- **Outcome:** Passed (2025-03-01) +- **Autocrat version:** 0.3 +- **Key participants:** Proph3t (co-author), Kollan (co-author) + +## Significance +This is arguably MetaDAO's most consequential proposal — it created the Futardio launchpad that would generate most of MetaDAO's revenue and ecosystem value. The "unruggable ICO" framing solves the central trust problem of crypto fundraising: if the team walks away, anyone can propose treasury liquidation and return funds to investors. This is the concrete mechanism behind the claim that "futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible." + +The progression from [[metadao-create-futardio]] (failed, one sentence, November 2024) to this proposal (passed, detailed mechanics, February 2025) demonstrates futarchy's quality filtering: same concept, dramatically different specification, opposite outcomes. + +Key design choices: fixed price (1,000 tokens/USDC) rather than auction, 10% to AMM LP, initially permissioned with path to permissionless. The founders explicitly reserved discretion to change mechanics (e.g., adopt IDO pool approach), showing pragmatic flexibility within the futarchy governance framework. + +## Relationship to KB +- [[metadao]] — launchpad creation, major strategic pivot +- [[futardio]] — the entity created by this proposal +- [[metadao-create-futardio]] — the earlier failed version of this concept +- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — the core value proposition +- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — launchpad designed around investor protection +- [[internet-capital-markets-compress-fundraising-timelines]] — 5-day raise window +- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — initially permissioned to manage this risk + +--- + +Relevant Entities: +- [[metadao]] — parent organization +- [[futardio]] — the launchpad created by this proposal +- [[proph3t]] — co-author + +Topics: +- [[internet finance and decision markets]]