diff --git a/entities/internet-finance/drift-fund-the-drift-working-group.md b/entities/internet-finance/drift-fund-the-drift-working-group.md new file mode 100644 index 000000000..344767ef3 --- /dev/null +++ b/entities/internet-finance/drift-fund-the-drift-working-group.md @@ -0,0 +1,55 @@ +--- +type: entity +entity_type: decision_market +name: "Drift: Fund The Drift Working Group?" +domain: internet-finance +status: passed +parent_entity: "[[drift]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR" +proposal_date: 2025-02-13 +resolution_date: 2025-02-16 +category: "grants" +summary: "Drift DAO approved 50,000 DRIFT to fund a community-run working group for 3 months focused on content creation, community activation, and education" +tracked_by: rio +created: 2026-03-11 +--- + +# Drift: Fund The Drift Working Group? + +## Summary +Drift DAO approved funding for the Drift Working Group (DWG), a community-run initiative modeled after successful Solana ecosystem working groups. The proposal requested 50,000 DRIFT tokens to fund initial setup and 3 months of operation, with a monthly budget of 15,400 DRIFT for team compensation and 3,800 DRIFT for community initiatives. + +## Market Data +- **Outcome:** Passed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Proposal Date:** 2025-02-13 +- **Resolution Date:** 2025-02-16 +- **Total Budget:** 50,000 DRIFT +- **Monthly Budget:** 15,400 DRIFT (team) + discretionary for initiatives + +## Structure +- **Leadership:** Socrates (3+ years crypto marketing expertise) +- **Team Size:** Lead + 4 members initially +- **Compensation:** 5,000 DRIFT/month (lead), 2,600 DRIFT/month (members) +- **Governance:** 2/3 multisig (working group lead + 2 Drift team members) +- **Duration:** 3-month trial period + +## Key Activities +- Content creation across multiple mediums (tweets, videos) +- Community activation through "Community Rituals" (live trading sessions, takeovers) +- Educational material development for new users and complex features + +## Success Metrics +- Creation of new community initiatives +- Increased engagement on X (impressions, replies) +- Higher Discord participation + +## Significance +This represents Drift's adoption of the working group model for community-driven growth, following patterns established elsewhere in the Solana ecosystem. The proposal includes performance tracking, weekly reporting requirements, and a commitment to return unused funds to the DAO. + +## Relationship to KB +- [[drift]] - parent entity governance decision +- [[futardio]] - platform used for futarchy-governed decision +- [[metadao]] - ecosystem context for futarchy implementation diff --git a/entities/internet-finance/drift.md b/entities/internet-finance/drift.md index 45f30f96b..fc039e556 100644 --- a/entities/internet-finance/drift.md +++ b/entities/internet-finance/drift.md @@ -37,6 +37,7 @@ Perpetuals DEX on Solana — one of the largest decentralized derivatives platfo - **2024-12-19** — AI Agents Grants program: 50K DRIFT for trading, yield, info, and social agents - **2025-02-13** — Drift Working Group funded via futarchy +- **2025-02-16** — [[drift-fund-the-drift-working-group]] passed: Approved 50,000 DRIFT to fund community working group for 3-month trial focused on content, community activation, and education ## Competitive Position - **Futarchy validation**: Drift using MetaDAO's governance system is the strongest external validation signal — a major protocol choosing futarchy over traditional token voting for real treasury decisions. - **Future leverage threat**: Drift listing META perps would directly compete with OmniPair for leverage demand. This is OmniPair's identified "key vulnerability" — the moat is temporary. diff --git a/inbox/archive/2025-02-13-futardio-proposal-fund-the-drift-working-group.md b/inbox/archive/2025-02-13-futardio-proposal-fund-the-drift-working-group.md index 0838594ed..5e3395f9b 100644 --- a/inbox/archive/2025-02-13-futardio-proposal-fund-the-drift-working-group.md +++ b/inbox/archive/2025-02-13-futardio-proposal-fund-the-drift-working-group.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7w date: 2025-02-13 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: "Standard DAO grants proposal for community working group. No novel mechanism insights or arguable claims - purely operational/factual governance decision. Entity extraction only." --- ## Proposal Details @@ -94,3 +98,12 @@ The DWG will be led by Socrates, bringing 3+ years of crypto marketing expertise - Autocrat version: 0.3 - Completed: 2025-02-16 - Ended: 2025-02-16 + + +## Key Facts +- Drift Working Group requested 50,000 DRIFT for 3-month trial (2025-02-13) +- Monthly budget breakdown: 5,000 DRIFT (lead), 2,600 DRIFT (4 members), 3,800 DRIFT (initiatives) +- Working group led by Socrates with 3+ years crypto marketing experience +- Proposal passed 2025-02-16 via Futardio governance +- Funds managed through 2/3 multisig (lead + 2 Drift team members) +- Success metrics: community initiative creation, X engagement, Discord participation