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53ae8967fc rio: extract from 2024-11-13-futardio-proposal-cut-emissions-by-50.md
- Source: inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 12:27:30 +00:00
3 changed files with 20 additions and 27 deletions

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@ -11,7 +11,7 @@ proposal_url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQp
proposal_date: 2024-11-13
resolution_date: 2024-11-17
category: "mechanism"
summary: "Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments"
summary: "Proposal to reduce coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments"
tracked_by: rio
created: 2026-03-11
---
@ -19,7 +19,7 @@ created: 2026-03-11
# Coal: Cut emissions by 50%?
## Summary
Proposal to halve the Coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from ~110% to ~56%. The proposal also establishes a framework for bi-monthly decision markets to guide future emission rate adjustments, replacing the original temporary halving schedule that was never intended as a long-term solution.
Proposal to halve the coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from ~110% to ~56%. The proposal also establishes a precedent for bi-monthly decision markets to adjust emission rates, replacing the original post-launch schedule that was intended as temporary.
## Market Data
- **Outcome:** Passed
@ -28,21 +28,12 @@ Proposal to halve the Coal token emission rate from 15.625 to 7.8125 per minute
- **Completed:** 2024-11-17
- **Proposal Number:** 1
## Mechanism Details
The original emission schedule implemented automatic halvings with each 5% increase in circulating supply. After six halvings, the emission target reached 15.625 per minute. Under the old schedule, the next halving would have occurred at 7,350,000 circulating supply.
The proposal replaces this automatic schedule with market-governed adjustments:
- **If passed:** Emission rate fixed at 7.8125 per minute
- **If failed:** Rate remains at 15.625 per minute
- **Follow-up:** Bi-monthly decision markets starting January 2025
## Significance
This represents an early example of using futarchy to govern token economics parameters that directly affect inflation and supply dynamics. The shift from algorithmic halvings to market-governed adjustments tests whether prediction markets can effectively manage monetary policy decisions that have clear winners and losers among stakeholders.
This proposal demonstrates dynamic performance-based token emission governance through futarchy. Rather than following a fixed halving schedule based on circulating supply milestones, the coal project is using conditional markets to continuously optimize emission rates based on market conditions. The establishment of bi-monthly decision markets creates an ongoing governance mechanism for monetary policy.
The bi-monthly cadence establishes a regular governance rhythm for economic parameters, potentially creating a template for other protocols managing emission schedules.
The proposal explicitly acknowledges that the original emission schedule "was never intended to be a long-term solution," showing futarchy being used to evolve tokenomics in response to actual market performance rather than predetermined formulas.
## Relationship to KB
- [[coal]] - parent entity (token emission governance)
- [[futardio]] - platform hosting the decision market
- [[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
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related concept
- [[futardio]] - governance platform
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism claim
- [[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]] - underlying mechanism

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@ -4,19 +4,20 @@ entity_type: company
name: "Coal"
domain: internet-finance
status: active
platform: "Solana"
governance_model: "futarchy"
tracked_by: rio
created: 2026-03-11
---
# Coal
## Overview
Coal is a token project on Solana using futarchy-governed emission rate adjustments through the Futardio platform. The project implements bi-monthly decision markets to manage token supply dynamics, replacing algorithmic halving schedules with market-governed monetary policy.
Coal is a futarchy-governed token project on Solana using [[futardio]] for governance decisions. The project uses conditional markets to manage token emission rates rather than fixed schedules, conducting bi-monthly decision markets to adjust monetary policy based on market conditions.
## Timeline
- **2024-11-13** - [[coal-cut-emissions-by-50]] proposed: halve emission rate from 15.625 to 7.8125 per minute
- **2024-11-17** - [[coal-cut-emissions-by-50]] passed: emission rate reduced, bi-monthly governance framework established
- **2024-11-13** - [[coal-cut-emissions-by-50]] proposed: reduce emission rate from 15.625 to 7.8125 per minute
- **2024-11-17** - Emission reduction proposal passed, establishing bi-monthly decision market precedent for tokenomics adjustments
## Relationship to KB
- [[futardio]] - governance platform
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism concept
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - governance approach

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@ -12,7 +12,7 @@ event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Factual governance proposal data. Created two entities: decision_market for the specific proposal and company entity for Coal project. No novel claims about futarchy mechanisms - this is a straightforward application of existing MetaDAO/Futardio infrastructure. The bi-monthly governance cadence is notable but not claim-worthy without evidence of outcomes or comparative analysis."
extraction_notes: "Source is a futarchy governance proposal for the coal token project. Primary extraction is entity data (decision_market entity for the proposal, company entity for coal project). No novel claims about futarchy mechanisms - the use of conditional markets for tokenomics adjustments is already covered by existing claim on dynamic performance-based token minting. The proposal demonstrates that mechanism in practice but doesn't add new theoretical insight."
---
## Proposal Details
@ -73,8 +73,9 @@ A follow-up decision market will be held in early January, approximately two mon
## Key Facts
- Coal emission rate was 15.625 per minute (22,500 per day) before proposal, resulting in ~110% annual inflation
- Proposal reduced emission rate to 7.8125 per minute (11,250 per day), reducing annual inflation to ~56%
- Coal had completed six halvings under original schedule before switching to market-governed adjustments
- Next automatic halving would have occurred at 7,350,000 circulating supply under old schedule
- Proposal passed and completed 2024-11-17, four days after creation
- Coal token emission rate was 15.625 per minute (22,500 per day) before proposal, representing ~110% annual inflation
- Proposal reduced emission rate to 7.8125 per minute (11,250 per day), representing ~56% annual inflation
- Coal's original emission schedule called for halving with each 5% increase in circulating supply
- Next scheduled halving under old schedule would have occurred at 7,350,000 circulating supply
- Coal had completed six halvings before this proposal
- Proposal established bi-monthly decision markets for future emission rate adjustments