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>

entities/internet-finance/metadao-otc-trade-ben-hawkins.md

@@ -0,0 +1,42 @@
+---
+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 at $33.33 per token in exchange for $50,000 USDC to MetaDAO treasury"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins
+
+## Summary
+Ben Hawkins proposed an over-the-counter 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 implied price was $33.33 per META token. The proposal was rejected by the futarchy markets.
+
+## 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
+- **Price:** $33.33 per META
+- **Total Value:** $50,000 USDC
+- **Tokens Requested:** 1,500 META
+
+## Significance
+This proposal represents an early test of MetaDAO's futarchy-governed treasury management, where individual investors could propose OTC trades directly to the DAO. The market's rejection suggests either unfavorable pricing, insufficient liquidity needs, or concerns about the specific counterparty. This is one of several similar OTC proposals in MetaDAO's early governance history, including a parallel proposal with Pantera Capital that also failed.
+
+## Relationship to KB
+- [[metadao]] - treasury governance decision
+- [[futardio]] - platform where proposal was executed
+- [[metadao-otc-trade-pantera-capital]] - similar contemporaneous proposal that also failed

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 at $33.33/token for $50,000 USDC, rejected by futarchy markets
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

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 failed OTC trade proposal. No novel mechanism insights or governance dynamics beyond what's already captured in existing MetaDAO claims. Created decision_market entity to document the proposal and updated parent MetaDAO timeline. Similar to the Pantera Capital OTC proposal that also failed around the same time."
 ---
 
 ## Proposal Details
@@ -51,3 +55,10 @@ 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, failed 2024-02-18
+- Ben Hawkins requested to mint 1,500 META at $33.33 per token
+- Trade would have brought $50,000 USDC to MetaDAO treasury
+- Proposal account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK