rio: extract from 2024-06-08-futardio-proposal-reward-the-university-of-waterloo-blockchain-club-with-1-mil.md

- Source: inbox/archive/2024-06-08-futardio-proposal-reward-the-university-of-waterloo-blockchain-club-with-1-mil.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
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Teleo Agents 2026-03-12 10:54:26 +00:00
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## Timeline
- **2024-12-19** — [[deans-list-implement-3-week-vesting]] passed: 3-week linear vesting for DAO payments to reduce sell pressure from 80% immediate liquidation to 33% weekly rate, projected 15%-25% valuation increase
- **2024-06-08** — [[islanddao-reward-uwaterloo-blockchain-club]] passed: allocated 1M $DEAN tokens ($1,300 USDC equivalent) to University of Waterloo Blockchain Club with 5% FDV increase requirement

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---
type: entity
entity_type: decision_market
name: "IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens"
domain: internet-finance
status: passed
parent_entity: "[[deans-list]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
proposal_date: 2024-06-08
resolution_date: 2024-06-11
category: "grants"
summary: "Allocate 1 million $DEAN tokens to University of Waterloo Blockchain Club to foster collaboration and attract talent"
key_metrics:
token_allocation: "1,000,000 $DEAN"
equivalent_value: "1,300 $USDC"
target_students: 200
required_fdv_increase: "5%"
dao_fdv: "$115,655"
benefit_per_dollar: "$4.45"
tracked_by: rio
created: 2026-03-11
---
# IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens
## Summary
This proposal allocated 1 million $DEAN tokens (equivalent to 1,300 $USDC) to the University of Waterloo Blockchain Club to strengthen partnership, attract skilled blockchain talent, and increase participation in DAO governance. The proposal required a 5% increase in The Dean's List DAO's fully diluted valuation (FDV) to pass, with a 5-day trading period.
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Trading Period:** 5 days (2024-06-08 to 2024-06-11)
- **Pass Condition:** 5% increase in TWAP of DAO's FDV
## Economic Model
The proposal included a detailed economic justification:
- Current DAO FDV: $115,655
- Required increase for passage: $5,783 (5%)
- Investment: 1,300 $USDC
- Projected benefit per dollar spent: $4.45
- Target engagement: 200 students from the blockchain club
- Required FDV increase per student: $28.915
## Significance
This represents an early example of futarchy-governed grant allocation where the market mechanism enforced accountability through measurable FDV impact requirements. The proposal explicitly tied token distribution to quantifiable value creation rather than relying on subjective governance votes. The economic model attempted to justify the grant through projected per-student contribution to DAO valuation.
## Relationship to KB
- [[deans-list]] - parent organization making the grant
- [[futardio]] - platform hosting the futarchy 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]] - mechanism used

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbd
date: 2024-06-08
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 IslandDAO grant proposal. No novel claims about futarchy mechanisms - the economic model and pass conditions are standard futarchy implementation details already covered in existing claims. The proposal itself is primarily factual data about a specific grant decision."
---
## Proposal Details
@ -106,3 +110,11 @@ This proposal to allocate 1 million `$DEAN` tokens to the University of Waterloo
- Autocrat version: 0.3
- Completed: 2024-06-11
- Ended: 2024-06-11
## Key Facts
- IslandDAO (Dean's List DAO) had FDV of $115,655 as of 2024-06-08
- University of Waterloo Blockchain Club had 200 student members
- 1 million $DEAN tokens were equivalent to 1,300 $USDC at proposal time
- Proposal required 5% TWAP increase over 5-day trading period to pass
- Proposal passed and completed on 2024-06-11