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 3)

Pentagon-Agent: Rio <HEADLESS>
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Teleo Agents 2026-03-12 11:51:31 +00:00
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---
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 proposed an OTC trade with MetaDAO in February 2024. Limited public information available beyond this governance interaction.
## Timeline
- **2024-02-13** — Proposed $50,000 OTC trade with MetaDAO to mint 1,500 META tokens at $33.33 per token; proposal failed
## Relationship to KB
- [[metadao]] - proposed OTC trade
- [[metadao-otc-trade-ben-hawkins]] - governance proposal

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---
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: "Proposal 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 to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal failed after a 5-day voting period.
## Market Data
- **Outcome:** Failed
- **Proposer:** Ben Hawkins
- **Proposal Account:** US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- **Proposal Number:** 6
- **Created:** 2024-02-13
- **Ended:** 2024-02-18
- **Price per META:** $33.33 USDC
- **Total Value:** $50,000 USDC
- **META to Mint:** 1,500
## Significance
This was an early OTC treasury deal proposal on MetaDAO's futarchy platform, testing whether the community would approve direct token sales to individual buyers. The failure suggests either the price point was unfavorable, the buyer was not strategically valuable, or the community preferred alternative treasury management approaches. This contrasts with the later Pantera Capital OTC proposal (also failed), indicating MetaDAO's futarchy governance was selective about treasury dilution even in early stages.
## Relationship to KB
- [[metadao]] - treasury governance decision
- [[futardio]] - platform where proposal was executed
- [[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

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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
- **2024-02-13** — [[metadao-otc-trade-ben-hawkins]] failed: Proposal to mint 1,500 META for $50,000 USDC ($33.33/META) rejected by futarchy markets
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -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: "Factual governance proposal data with no novel claims. Created decision_market entity for the failed OTC trade proposal, updated MetaDAO timeline, and created minimal entity for Ben Hawkins as proposer. No mechanism insights or arguable propositions beyond the factual outcome. This is similar to the Pantera Capital OTC proposal (also failed), suggesting a pattern of MetaDAO rejecting early OTC treasury deals."
---
## Proposal Details
@ -51,3 +55,13 @@ 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, ended 2024-02-18
- Ben Hawkins wallet address: GxHamnPVxsBaWdbUSjR4C5izhMv2snriGyYtjCkAVzze
- MetaDAO treasury address: ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy
- Proposal account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
- Proposer account: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Autocrat version: 0.1