rio: extract from 2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md

- Source: inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

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---
type: entity
entity_type: decision_market
name: "MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months"
domain: internet-finance
status: passed
parent_entity: "[[metadao]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
proposal_date: 2024-03-26
resolution_date: 2024-03-31
category: "strategy"
summary: "Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor management for three months to accelerate decision-making."
tracked_by: rio
created: 2026-03-11
---
# MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months
## Summary
This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to accelerate MetaDAO's execution speed. The proposal allocated 1,015 META and 100,000 USDC to cover four months of retroactive compensation (December 2023 - March 2024) and three months of forward-looking compensation (April - June 2024), averaging 145 META and $14,000 per month.
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Proposal Number:** 14
- **Completed:** 2024-03-31
- **Autocrat Version:** 0.1
## Authority Granted
The BDF3M role included:
- Retroactive compensation for all contributions prior to the proposal
- Managing ongoing business operations including off-chain proposal process, project management, and expenses
- Improving security and efficacy of the core futarchy mechanism
- Compensation for current contributors including incentive-based components
- Authority to make exceptional use grants for MetaDAO's code licenses
- Monthly community updates
## OKRs
- Execute faster: Complete 10 GitHub issues per week
- Handle retroactive compensation within 1 week of passing
- Perform operations compensation for April-June 2024
- Oversee creation of new landing page
## Significance
This proposal represented a critical governance transition for MetaDAO, acknowledging that the futarchy proposal process was "too slow and costly" for operational decisions at that stage. The proposers estimated that failure would decrease MetaDAO's probability of success by more than 20%, framing it as an existential decision. The META tokens were likely issued in 5-year locked form, and funding came from multisigs rather than directly from the DAO treasury for technical reasons.
## Relationship to KB
- [[metadao]] - governance decision establishing interim leadership structure
- [[proph3t]] - appointed as co-leader
- [[nallok]] - appointed as co-leader
- [[futardio]] - platform where proposal was executed

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@ -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
- **2024-03-26** — [[metadao-appoint-nallok-proph3t-benevolent-dictators]] passed: Appointed Proph3t and Nallok as Benevolent Dictators for 3 months with 1,015 META and 100,000 USDC for retroactive and forward compensation
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZ
date: 2024-03-26
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 establishing interim leadership structure. No novel claims about futarchy mechanisms - this is operational/organizational data. Created decision_market entity and updated parent MetaDAO timeline."
---
## Proposal Details
@ -88,3 +92,13 @@ Although we make no hard commitments, the META would likely be issued in 5-year
- Autocrat version: 0.1
- Completed: 2024-03-31
- Ended: 2024-03-31
## Key Facts
- MetaDAO proposal 14 allocated 1,015 META and 100,000 USDC for 7 months total compensation (2024-03-26)
- Proposal passed and completed 2024-03-31
- BDF3M term ran from proposal finalization through June 30, 2024
- Proposers estimated failure would decrease MetaDAO success probability by >20%
- Compensation averaged 145 META and $14,000 per month
- Funding came from multisigs rather than DAO treasury for technical reasons
- META likely issued in 5-year locked form