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4 changed files with 45 additions and 48 deletions
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@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2025-03-05** — Sanctum proposal 4 created: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults? (passed 2025-03-08)
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."
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@ -0,0 +1,38 @@
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---
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type: entity
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entity_type: decision_market
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name: "Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
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domain: internet-finance
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status: passed
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parent_entity: "[[sanctum]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
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proposal_date: 2025-03-05
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resolution_date: 2025-03-08
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category: "treasury"
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summary: "Proposal to allocate up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity through Kamino Vaults with 20% initial yield dropping to 15%"
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tracked_by: rio
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created: 2026-03-11
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---
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# Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
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## Summary
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Sanctum proposed using up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity via Kamino Vaults, offering LPs a 20% yield for the first month, then dropping to 15% thereafter. The goal was to deepen INF-SOL liquidity to support large depositors and position INF as the liquidity nexus for all LSTs on Solana. The Kamino team would guarantee 15% APY on up to $2.5M TVL until the CLOUD allocation is exhausted, with incentives expected to last at least 6 months at the TVL cap.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Proposal Number:** 4
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- **Completed:** 2025-03-08
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## Context
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INF has been one of the best-performing SOL-based assets, slightly underperforming the best available LST but outperforming mSOL and jitoSOL. However, INF-SOL liquidity was insufficient for large depositors. The proposal noted that >95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults, and the INF-SOL Kamino vault had historically outperformed a 100% INF HODL strategy due to high capital velocity.
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## Significance
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This proposal demonstrates standard liquidity incentive mechanisms in DeFi, using token emissions to bootstrap market depth. The 20% → 15% yield structure follows industry norms for initial liquidity attraction. The decision to use Kamino Vaults reflects the market reality that users prefer managed positions over manual liquidity provision.
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## Relationship to KB
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- [[sanctum]] - treasury allocation decision
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- [[MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions]] - example of uncontested proposal
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@ -1,42 +0,0 @@
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---
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type: entity
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entity_type: decision_market
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name: "Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
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domain: internet-finance
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status: passed
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parent_entity: "[[sanctum]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
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proposal_date: 2025-03-05
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resolution_date: 2025-03-08
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category: "treasury"
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summary: "Treasury allocation of up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity through Kamino Vaults with tiered yield structure"
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tracked_by: rio
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created: 2026-03-11
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---
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# Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
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## Summary
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Proposal to deploy up to 2.5M CLOUD tokens as liquidity incentives for INF-SOL Kamino vaults, offering 20% APY for the first month then 15% thereafter, targeting $2.5M TVL cap with estimated 6-month duration at full capacity. The proposal addresses insufficient native SOL liquidity depth for INF despite strong performance metrics.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Proposal Account:** 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
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- **Completed:** 2025-03-08
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## Context
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- INF outperforms mSOL and jitoSOL but lacks deep SOL native liquidity
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- Over 95% of xSOL-SOL liquidity on AMMs comes from Kamino managed vaults
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- INF-SOL Kamino vault historically outperformed 100% INF HODL due to high capital velocity
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- Industry standard LP yield is 15% combined (fees + incentives)
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## Significance
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Demonstrates futarchy governance applied to operational treasury decisions for liquidity bootstrapping. The proposal uses market mechanisms to evaluate capital allocation efficiency for protocol-owned liquidity rather than contested strategic direction. Kamino team manages dynamic APY adjustments to maintain 15% target yield.
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## Relationship to KB
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- [[sanctum]] - treasury governance decision
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- [[MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions]] - operational treasury decision case
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- [[futardio]] - governance platform
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@ -13,7 +13,7 @@ processed_by: rio
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processed_date: 2026-03-11
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enrichments_applied: ["MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Proposal is primarily operational treasury decision for liquidity incentives. No novel mechanism claims - standard Kamino vault liquidity bootstrapping using futarchy governance. Created decision_market entity and enriched existing futarchy volume claim with operational decision case study."
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extraction_notes: "Governance proposal with standard DeFi liquidity incentive mechanics. No novel claims about futarchy mechanisms or market dynamics. Primary value is entity tracking (decision_market creation) and enrichment of existing claim about uncontested futarchy decisions. The proposal demonstrates typical treasury allocation for liquidity bootstrapping using established yield targets (15-20% APY) and managed vault infrastructure (Kamino)."
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---
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## Proposal Details
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@ -83,8 +83,8 @@ Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
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## Key Facts
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- INF outperforms mSOL and jitoSOL historically (2025-03-05)
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- Over 95% of xSOL-SOL AMM liquidity comes from Kamino managed vaults
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- INF-SOL Kamino vault outperformed 100% INF HODL strategy
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- Industry standard LP yield target is 15% combined (fees + incentives)
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- Sanctum proposal targets $2.5M TVL cap with estimated 6-month incentive duration
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- INF slightly underperforms the best available LST but outperforms mSOL and jitoSOL (2025-03-05)
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- More than 95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults
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- INF-SOL Kamino vault has historically outperformed 100% INF HODL strategy
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- Industry standard for LP incentives is 15% combined (fees + incentives) annual yield
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- Sanctum proposal 4 passed on 2025-03-08, allocating up to 2.5M CLOUD for liquidity incentives
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