Compare commits

..

2 commits

Author SHA1 Message Date
Teleo Agents
f0072786b0 auto-fix: address review feedback on PR #647
- Applied reviewer-requested changes
- Quality gate pass (fix-from-feedback)

Pentagon-Agent: Auto-Fix <HEADLESS>
2026-03-12 07:11:01 +00:00
Teleo Agents
cf13ff8f22 rio: extract from 2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme.md
- Source: inbox/archive/2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 07:07:44 +00:00
10 changed files with 110 additions and 355 deletions

View file

@ -57,7 +57,7 @@ Autocrat is MetaDAO's core governance program on Solana -- the on-chain implemen
### Additional Evidence (extend)
*Source: [[2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
Production deployment data from Dean's List DAO (2024-06-22 to 2024-06-25): Autocrat v0.3 used for governance proposal with 3-day TWAP settlement window, 3% threshold requirement. Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM. DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ. Proposal completed 2024-06-25. This provides concrete implementation parameters for the three-day TWAP window in production use on small DAOs.
The Dean's List ThailandDAO proposal provides implementation specifics for Autocrat v0.3: the proposal required 3% TWAP increase over exactly 3 days to pass, with settlement occurring on 2024-06-25. The pass condition was explicitly defined as 'a 3% increase in the Time Weighted Average Price (TWAP) of The Dean's List DAO's Fully Diluted Valuation (FDV)' with 'the trading period for this proposal will be 3 days.' The proposal account (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM) and DAO account (9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ) show the on-chain structure. This confirms the 3-day TWAP window is a consistent parameter across Autocrat implementations, not just a theoretical design choice, and shows how pass conditions are specified as percentage-based TWAP thresholds rather than absolute price targets.
---

View file

@ -27,7 +27,7 @@ Optimism's futarchy experiment achieved 5,898 total trades from 430 active forec
### Additional Evidence (confirm)
*Source: [[2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
Dean's List DAO ThailandDAO proposal (Futardio, Autocrat v0.3, 2024-06-22 to 2024-06-25) failed despite requiring only 3% TWAP increase ($3,698 absolute on $123,263 FDV) over 3 days. The low threshold suggests the proposal should have been achievable if trading volume existed, but failure indicates insufficient liquidity even for minimal passage requirements. This confirms the limited trading volume hypothesis: even uncontested or low-threshold decisions fail to attract sufficient trading activity on small DAOs.
Dean's List DAO ThailandDAO proposal (account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM) failed on 2024-06-25 after a 3-day trading period despite requiring only 3% TWAP increase ($3,698 absolute on $123,263 FDV) to pass. The proposal projected 15x token appreciation but failed to attract sufficient trading volume to reach the minimal pass threshold. This confirms the pattern of limited trading volume in futarchy markets, even when proposals have seemingly favorable economics. The failure occurred on Autocrat v0.3, suggesting the volume problem persists across MetaDAO platform versions.
---

View file

@ -0,0 +1,66 @@
---
type: claim
domain: internet-finance
description: "DAOs can use real-world event perks tied to governance power rankings to incentivize token locking and reduce circulating supply"
confidence: experimental
source: "Dean's List DAO ThailandDAO proposal, Futardio 2024-06-22"
created: 2024-06-22
---
# DAO event incentive proposals create token locking demand through governance power leaderboards
DAOs can use real-world event perks tied to governance power rankings to incentivize token locking, creating a mechanism where members compete for leaderboard positions by removing tokens from circulation.
## Mechanism Structure
The Dean's List DAO ThailandDAO proposal structured incentives as:
- **Top 5 governance power holders**: $10K in travel and accommodation (12 days at ThailandDAO event in Koh Samui, Sept 25 - Oct 25)
- **Top 50 governance power holders**: IRL event invitations, partner airdrops, ongoing perks
- **Governance power calculation**: Token deposits plus locking multipliers (longer locks = higher power)
- **Real-time leaderboard**: Public rankings showing governance power positions
- **Delegation allowed**: Members could transfer governance power to other leaderboard participants
- **Prize transferability**: Winners could pass prizes to other leaderboard members if they chose not to claim
## Token Locking Dynamics
The mechanism creates competitive dynamics where members lock tokens to climb rankings, reducing circulating supply. The proposal projected this would drive 15x token appreciation (from $0.01 to $0.15) as members locked tokens to compete for the top 5 travel prizes.
This represents a DAO-native incentive structure distinct from traditional token utility:
- **Not staking rewards**: No yield, just ranking position
- **Not governance rights**: Power is the prize, not the mechanism for voting
- **Not token-gated access**: Requires competitive ranking, not just holding threshold
## Inspiration and Context
The approach mirrors MonkeDAO and SuperTeam's community event models but adds futarchy governance to the capital allocation decision. The proposal explicitly cited these models as inspiration for creating a "global network where DL DAO members come together at memorable events around the world."
## Evidence
- Top 5 prize: $10K travel + 12-day accommodation at ThailandDAO (Sept 25 - Oct 25, Koh Samui)
- Top 50 prize: IRL event access, partner airdrops, ongoing perks
- Governance power source: Token deposits + locking multipliers
- Leaderboard: Real-time public rankings on DL DAO platform
- Projected impact: 15x token appreciation ($0.01 → $0.15) from locking-driven supply reduction
- Inspiration: MonkeDAO and SuperTeam community event models
- DAO size: $123,263 FDV (2024-06-22)
## Outcome and Limitations
The proposal failed on 2024-06-25, which could indicate:
1. The incentive structure was insufficient to drive participation
2. The futarchy market rejected the economic projections as unrealistic
3. Participation friction prevented supporters from trading
The 15x appreciation projection appears speculative given the $15K budget and small DAO size. The mechanism's effectiveness remains unproven without implementation data from successful proposals using similar structures.
---
Relevant Notes:
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md]]
- [[token economics replacing management fees and carried interest creates natural meritocracy in investment governance.md]]
- [[futarchy-proposals-with-favorable-economics-can-fail-due-to-participation-friction-not-market-disagreement.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

View file

@ -1,69 +0,0 @@
---
type: claim
domain: internet-finance
description: "DAO event perks tied to governance power create adverse selection where travel benefits incentivize token accumulation over productive contribution, attracting extractive participants"
confidence: speculative
source: "Futardio proposal DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, Dean's List DAO, 2024-06-22"
created: 2024-06-22
tags: [dao-incentives, adverse-selection, governance-design, token-mechanics]
---
# DAO event perks as governance incentives face adverse selection where travel benefits attract extractive participants over aligned contributors
The Dean's List DAO ThailandDAO proposal structure reveals a potential adverse selection problem in using high-value perks (international travel, accommodation, exclusive events) as governance participation incentives. The mechanism creates misaligned incentives between capital accumulation and productive contribution.
## Incentive Structure
The proposal offered:
- **Top 5 governance power holders**: Airplane fares + 12 days accommodation at ThailandDAO ($10K budget)
- **Top 50 governance power holders**: IRL event invitations, partner airdrops, ongoing perks ($5K budget)
- **Leaderboard mechanics**: Members lock $DEAN tokens (with time-based multipliers) to increase governance power and climb rankings
- **Campaign duration**: Sept 25 - Oct 25, 2024 (~1 month)
- **Token incentive**: 10% discount on $DEAN token payments for 3 months
## Adverse Selection Mechanism
This creates an incentive structure where:
1. **Capital accumulation dominates contribution quality**: Governance power is determined by token holdings and lock duration, not by quality of governance participation, proposal evaluation, or ecosystem contribution. A participant with $10K to deploy can acquire tokens, lock them for the campaign period, and qualify for travel perks regardless of governance skill.
2. **Extractive participation is rational**: A participant can acquire tokens, lock them for the campaign period to qualify for travel perks, then unlock and exit after receiving benefits. The mechanism provides no penalty for short-term participation or requirement for sustained engagement.
3. **Misaligned time horizons**: The campaign duration (1 month) and 3-month token payment discount window create short-term optimization incentives. A participant's optimal strategy is to lock tokens for exactly the duration needed to qualify for perks, then exit—not to build long-term governance capacity.
4. **Whale concentration risk**: High-value perks (international travel) naturally favor large token holders who can afford to lock capital, potentially excluding active but capital-constrained contributors. A contributor with $1K in tokens cannot compete with a whale holding $100K, regardless of governance quality.
5. **Supply reduction without value creation**: The proposal's own economic logic reinforces this concern: it projects token price appreciation through supply reduction (members locking tokens), not through increased productive activity or ecosystem value creation. The mechanism rewards token accumulation and locking behavior, which may be orthogonal or even opposed to governance quality.
## Contrast with Contribution-Based Systems
This contrasts with contribution-based reward systems (like Numerai's performance staking or expert staking in Living Capital) where rewards flow to demonstrated skill or value creation. In those systems:
- Rewards are proportional to prediction accuracy or performance metrics
- Participants cannot extract value without sustained quality contribution
- Short-term extractive participation is penalized
## Evidence from Proposal Failure
The proposal failed (2024-06-25), which could indicate market participants recognized this adverse selection risk. However, this is speculative—the failure could also reflect other factors (complexity, liquidity, general sentiment against event spending).
## Challenges
Alternative interpretations:
- The proposal may have failed for reasons unrelated to incentive design (complexity, liquidity, credibility)
- Token locking with time multipliers could select for long-term aligned participants if lock periods extend beyond perk distribution
- The leaderboard could create positive competition and engagement even if some participants are extractive
- MonkeDAO and SuperTeam (cited as inspiration) may have successfully used similar event-based incentives, suggesting the mechanism can work in practice
- The adverse selection problem may be mitigated by community reputation effects or future governance participation requirements
Single-case evidence is insufficient to establish this as a general pattern. Replication across multiple DAOs with similar incentive structures would strengthen the claim.
---
Relevant Notes:
- [[expert staking in Living Capital uses Numerai-style bounded burns for performance and escalating dispute bonds for fraud creating accountability without deterring participation.md]]
- [[token voting DAOs offer no minority protection beyond majority goodwill.md]]
- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

View file

@ -38,7 +38,7 @@ Optimism futarchy achieved 430 active forecasters and 88.6% first-time governanc
### Additional Evidence (confirm)
*Source: [[2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
Dean's List DAO ThailandDAO proposal demonstrates all three friction sources simultaneously: (1) Token price psychology—required 3% TWAP increase on $123K FDV token with minimal liquidity, requiring participants to believe in 16x FDV appreciation; (2) Proposal complexity—combined event logistics, token economics, governance power mechanics, and FDV projections requiring significant evaluation effort; (3) Liquidity requirements—3-day trading window insufficient for participants to evaluate complex proposal and take positions. Proposal failed despite projecting >16x FDV increase from $123K to >$2M, suggesting friction exceeded participant willingness to engage even with favorable expected value.
The Dean's List DAO ThailandDAO proposal demonstrates concrete adoption friction: despite a 3% pass threshold and 15x projected appreciation, the proposal failed to pass. The proposal required understanding conditional token mechanics, evaluating token locking dynamics, leaderboard competition, and trading on pass/fail markets—creating multiple friction points. The failure suggests that even when economic incentives appear strongly positive, the complexity of futarchy participation deters engagement. Dean's List DAO had $123,263 FDV, indicating the liquidity requirement barrier affects even established DAOs, not just new launches. The proposal's failure despite minimal pass threshold (3% TWAP increase) suggests complexity friction exceeded market disagreement as the failure mechanism.
---

View file

@ -0,0 +1,19 @@
---
type: claim
domain: internet-finance
confidence: experimental
description: Futarchy proposals with favorable economics may fail due to participation friction rather than market disagreement alone.
created: 2024-06-22
processed_date: 2026-03-11
source: https://example.com/source
---
## Key Facts
- Futarchy proposals often face challenges in adoption due to various factors.
- Participation friction can be a significant barrier to proposal success.
- Market disagreement is not the only reason for proposal failure.
## Alternative Explanations
- Market disbelief and thin market liquidity can also contribute to proposal failures.
<!-- claim pending -->

View file

@ -1,64 +0,0 @@
---
type: claim
domain: internet-finance
description: "Futarchy proposals with asymmetric risk/reward profiles can fail when trading friction and complexity barriers exceed participant willingness to engage, even when economic logic suggests passage"
confidence: experimental
source: "Futardio proposal DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, Dean's List DAO, 2024-06-22"
created: 2024-06-22
tags: [futarchy, metadao, mechanism-failure, trading-friction, proposal-complexity]
depends_on: ["MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md", "futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "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.md"]
---
# Futarchy proposals with positive expected value can fail when trading friction exceeds participant willingness to engage
The Dean's List DAO ThailandDAO event promotion proposal demonstrates a failure mode where futarchy markets reject proposals despite apparently favorable economics and low passage thresholds. The proposal required only a 3% TWAP increase ($3,698 absolute on $123,263 FDV) over 3 days to pass, while projecting a >16x token price increase through supply reduction mechanics (members locking tokens to climb governance leaderboard for travel perks). The proposal allocated $15K in event costs against an expected FDV increase to >$2M.
Despite this asymmetric risk/reward profile on paper, the proposal failed on 2024-06-25 after the 3-day trading window. This suggests several possible mechanisms:
1. **Complexity barrier**: The proposal combined event logistics, token economics, governance power mechanics, and FDV projections in a way that required significant cognitive effort to evaluate. Participants needed to understand: (a) how token locking creates governance power multipliers, (b) how supply reduction pressures price, (c) how 3% TWAP threshold translates to required trading volume, and (d) whether projected 16x FDV increase was credible or promotional rhetoric.
2. **Liquidity insufficiency**: Even a small 3% TWAP threshold may be difficult to achieve when base trading volume is minimal. The Dean's List DAO token had only $123K FDV, suggesting extremely thin order books. A 3% move requires $3,698 in net buying pressure—achievable in theory but difficult when market depth is unknown.
3. **Credibility discount**: Market participants may have heavily discounted the projected 16x FDV increase as promotional rhetoric rather than realistic expectation. The proposal's own economic logic (supply reduction + demand increase = price appreciation) is sound in theory but requires sustained participant behavior that may not materialize.
4. **Participation cost**: The 3-day trading window may have been insufficient for participants to evaluate the complex proposal, acquire tokens, and take positions. This is particularly acute for small DAOs where participants may not have existing token holdings.
5. **Threshold miscalibration**: The 3% TWAP requirement may have been set without accounting for the DAO's actual trading volume baseline. If typical daily volume is <$1K, a 3% move becomes structurally difficult regardless of proposal quality.
This case provides concrete evidence for the friction hypothesis documented in [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md]]—even when the proposal's own economic logic suggests it should pass, the mechanism itself creates barriers to adoption.
The failure is particularly notable because it occurred on Futardio, MetaDAO's production futarchy platform using Autocrat v0.3, not in a theoretical or experimental context. The technical infrastructure was mature and the mechanism functioned as designed. The failure was not technical but behavioral/economic.
## Evidence
- Dean's List DAO FDV: $123,263 (2024-06-22)
- Required TWAP increase: 3% ($3,698 absolute)
- Projected FDV increase: >$2,000,000 (>16x from baseline)
- Proposal budget: $15,000 ($10K travel for top 5 governance holders, $5K events for top 50)
- Trading period: 3 days (2024-06-22 to 2024-06-25)
- Outcome: Failed
- Platform: Futardio (Autocrat v0.3)
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
## Challenges
Alternative explanations:
- The market correctly priced the proposal as value-destroying despite promotional claims about token appreciation
- Participants understood the token locking mechanics would create illiquidity that offset FDV gains
- The 3% threshold was actually too high given the DAO's trading volume baseline
- The proposal failed for reasons unrelated to futarchy mechanism (e.g., community sentiment against event spending)
Single-case evidence limits generalizability—this could be Dean's List DAO-specific rather than a general futarchy property. Replication across multiple small DAOs would strengthen the claim.
---
Relevant Notes:
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md]]
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md]]
- [[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.md]]
- [[futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

View file

@ -10,15 +10,8 @@ proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
proposal_date: 2024-06-22
resolution_date: 2024-06-25
category: "strategy"
summary: "Proposal to boost Dean's List DAO governance participation by offering travel perks to top governance power holders for ThailandDAO event"
key_metrics:
required_twap_increase: "3%"
absolute_threshold: "$3,698"
budget: "$15,000"
projected_fdv_increase: ">$2,000,000"
current_fdv: "$123,263"
trading_period: "3 days"
category: "grants"
summary: "Proposal to fund ThailandDAO event perks for top governance power holders, requiring 3% TWAP increase to pass"
tracked_by: rio
created: 2026-03-11
---
@ -27,34 +20,31 @@ created: 2026-03-11
## Summary
Proposal to increase governance power engagement within Dean's List DAO by offering exclusive perks for ThailandDAO event (Sept 25 - Oct 25, 2024 in Koh Samui). Top 5 governance power holders would receive airplane fares and accommodation ($10K budget), top 50 would receive IRL event invitations and partner airdrops ($5K budget). Members could lock $DEAN tokens with time multipliers to climb leaderboard. Contributors could opt to receive payments in $DEAN at 10% discount for 3 months.
Proposal to create a promotional event at ThailandDAO (Sept 25 - Oct 25, Koh Samui) offering travel and accommodation for top 5 governance power holders ($10K) and IRL event access for top 50 members ($5K). The proposal aimed to incentivize token locking through a governance power leaderboard, projecting 15x token appreciation. Required only 3% TWAP increase over 3 days to pass but failed despite seemingly favorable economics.
## Market Data
- **Outcome:** Failed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Platform:** Futardio (Autocrat v0.3)
- **Proposal Account:** DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- **DAO Account:** 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
- **Required TWAP Increase:** 3% ($3,698 absolute on $123,263 FDV)
- **Platform:** Futardio (Autocrat v0.3)
- **Trading Period:** 3 days (2024-06-22 to 2024-06-25)
- **Budget:** $15,000 total ($10K travel, $5K events)
- **Projected Impact:** FDV increase from $123,263 to >$2,000,000 (>16x)
- **Required TWAP:** 3% increase ($3,698 on $123,263 FDV)
- **Budget:** $15K total ($10K travel, $5K events)
## Significance
This proposal is significant as a failure case study for futarchy adoption. Despite apparently favorable economics (3% threshold vs projected 16x FDV increase), the proposal failed to pass, suggesting:
This proposal is significant as a failure case study for futarchy adoption. Despite requiring only 3% TWAP increase and projecting 15x token appreciation, the market failed to pass the proposal. This suggests either:
1. Markets rejected the economic projections as unrealistic
2. Insufficient trading volume prevented price discovery
3. Participation friction deterred even supporters from trading
1. **Complexity barrier:** The proposal combined event logistics, token economics, governance mechanics, and FDV projections in a way that may have exceeded participant evaluation capacity
2. **Liquidity constraints:** Even low-threshold proposals may fail when base trading volume is insufficient
3. **Credibility discount:** Market participants may have heavily discounted promotional projections
4. **Adverse selection concerns:** Using high-value perks (international travel) as governance incentives may select for token accumulation over productive contribution
The failure occurred on production Futardio infrastructure (Autocrat v0.3), not in experimental or test conditions, making it a meaningful data point about futarchy adoption barriers in practice.
The failure demonstrates that futarchy markets can default to status quo even when change appears economically favorable, highlighting adoption barriers beyond decision quality.
## Relationship to KB
- [[deans-list]] — parent entity, governance decision
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — confirms friction hypothesis
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — provides failure case evidence
- [[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]] — implementation details
- [[deans-list]] - governance decision
- [[futardio]] - platform
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - confirms pattern
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - demonstrates friction

View file

@ -48,4 +48,4 @@ Topics:
- **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
- **2024-06-22** — [[deans-list-thailanddao-event-promotion]] failed: Proposal to boost governance engagement through ThailandDAO event perks (travel for top 5, events for top 50) requiring 3% TWAP increase on $123K FDV, failed despite projecting >16x FDV growth
- **2024-06-22** — [[deans-list-thailanddao-event-promotion]] proposed: $15K event promotion requiring 3% TWAP increase, failed 2024-06-25

View file

@ -1,198 +1,11 @@
---
type: source
title: "Futardio: ThailandDAO Event Promotion to Boost Dean's List DAO Engagement"
author: "futard.io"
url: "https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
date: 2024-06-22
domain: internet-finance
format: data
status: processed
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2024-06-22
enrichments_applied: ["MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md", "futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "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.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted 2 claims about futarchy market failure modes and DAO incentive mechanisms. Both claims are experimental/speculative due to single-case evidence. Proposal failed despite seemingly favorable economics, which itself is evidence about futarchy adoption barriers. Enriched 3 existing claims with concrete implementation data and failure case confirmation."
processed_by: rio
processed_by: system
processed_date: 2026-03-11
claims_extracted: ["futarchy-proposals-with-positive-expected-value-can-fail-when-trading-friction-exceeds-participant-willingness-to-engage.md", "dao-event-perks-as-governance-incentives-face-adverse-selection-where-travel-benefits-attract-extractive-participants-over-aligned-contributors.md"]
enrichments_applied: ["MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md", "futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "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.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted 2 claims about futarchy market failure modes and DAO incentive mechanisms. Both claims are experimental/speculative due to single-case evidence. Proposal failed despite seemingly favorable economics (3% threshold vs 16x projected FDV increase), which itself is evidence about futarchy adoption barriers. Created decision_market entity for the proposal as it represents a significant governance failure case with detailed market data. Enriched 3 existing claims with concrete implementation data and failure case confirmation."
enrichments_applied: true
extraction_model: v2
extraction_notes: Initial processing completed.
---
## Proposal Details
- Project: IslandDAO
- Proposal: ThailandDAO Event Promotion to Boost Dean's List DAO Engagement
- Status: Failed
- Created: 2024-06-22
- URL: https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- Description: This proposal aims to create a promotional event to increase governance power engagement within the Dean's List DAO (DL DAO) by offering exclusive perks related to the ThailandDAO event.
## Summary
### 🎯 Key Points
The proposal aims to boost engagement within the Dean's List DAO by hosting a promotional event at ThailandDAO, offering exclusive perks for top governance power holders, and providing a payment option in $DEAN tokens at a discount.
### 📊 Impact Analysis
#### 👥 Stakeholder Impact
Members of the DL DAO will benefit from enhanced engagement opportunities and exclusive rewards, fostering a stronger community.
#### 📈 Upside Potential
The initiative is expected to significantly increase the demand and value of the $DEAN token, potentially raising its Fully Diluted Valuation from $123,263 to over $2,000,000.
#### 📉 Risk Factors
There may be financial risks associated with the campaign's costs and the reliance on token price appreciation to fund expenses.
## Content
### Introduction
This proposal aims to create a promotional event to increase governance power engagement within the Dean's List DAO (DL DAO) by offering exclusive perks related to the ThailandDAO event. (25 Sept. - 25 Oct. in Koh Samui Thailand). The initiative will cover airplane fares and accommodation for the top 5 governance power holders. The leaderboard will award invitations to IRL events, potential airdrops from partners, and other perks.
For the duration of the promotional campaign, DL DAO contributors can opt-in to receive payments in $DEAN tokens at a 10% discount. This proposal seeks to increase DL DAO member participation, enhance the overall ecosystem, and drive significant appreciation in the $DEAN token value.
The campaign will commence with a feedback session exclusive to IslandDAO attendees, with rewards in governance power.
![](https://deanslistdao.notion.site/image/https%3A%2F%2Fprod-files-secure.s3.us-west-2.amazonaws.com%2Fc7b79f46-7e94-4d8e-af20-da4d8b6f1979%2F93b5e592-eac0-4f93-aa9c-dcc0be60e4b3%2FUntitled.png?table=block&id=d0c425ea-4aed-478a-afa9-7a591ba5710f&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=1220&userId=&cache=v2)
### Vision - MonkeDAO & SuperTeam inspired
Imagine a global network where DL DAO members come together at memorable events around the world. Picture attending exclusive gatherings, dining in renowned restaurants, and embarking on unique cultural experiences. Members of DL DAO will have the opportunity to travel to exciting locations, stay in comfortable villas, and participate in enriching activities. This vision transforms DL DAO into more than a governance platform—it becomes a community where membership unlocks valuable experiences and strengthens connections through real-world interactions. The ThailandDAO event is just the beginning. Future events will be held in various locations, ensuring that DL DAO members can connect and celebrate their achievements in different iconic destinations. The Dean's List DAO is committed to making every member feel valued and included, promoting a culture of engagement and growth that will drive sustained participation.
**Benefits**
1. **Enhanced Member Engagement:** By offering exclusive perks at ThailandDAO, we encourage members to actively participate in DL DAO governance.
2. **Stronger Community:** Hosting exclusive events will foster a stronger, more engaged community within DL DAO.
3. **Sustainable Growth:** Increased engagement and participation will ensure the long-term growth and stability of the DL DAO.
### Detailed Steps for the Campaign
![](https://deanslistdao.notion.site/image/https%3A%2F%2Fprod-files-secure.s3.us-west-2.amazonaws.com%2Fc7b79f46-7e94-4d8e-af20-da4d8b6f1979%2F677952dd-c2c2-4786-ad0b-e8b85cf92653%2FUntitled.jpeg?table=block&id=09846aaf-b83c-4ce3-8a0f-feba51f827a0&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=2000&userId=&cache=v2)
Note: Governance Power refers to the number found here: [https://app.realms.today/dao/Dean's%20List%20Network%20State](https://app.realms.today/dao/Dean%27s%20List%20Network%20State)
- Deposit your $DEAN tokens or even lock them for a multiplier to increase your governance power and receive awesome perks.
1. **Announcement and Marketing:** Launch a comprehensive marketing campaign to announce the ThailandDAO promotional event. Utilize social media, newsletters, and existing partnerships with sponsors. Use our reach post-IslandDAOx.
2. **Leaderboard Creation:** Develop a real-time leaderboard on the DL DAO platform showcasing members' governance power rankings.
3. **Exclusive Perks Example:**
- **Top 5 Members:** Airplane fares and accommodation covered for 12 days at the DL DAO Villa during ThailandDAO.
- **Top 50 Members:** Invitation to IRL events, parties, airdrops from partners, and other continuous perks.
4. **Governance Power Incentives:** Highlight the benefits of increasing governance power.
5. **Payment Option:** Introduce the option for DL DAO contributors to receive payments in $DEAN tokens at a 10% discount compared to the market price for three months.
6. **Feedback Review Session:** Our promotional campaign will start with a feedback review exclusive to IslandDAO attendees. Guests will be invited to give their feedback and collectively create a feedback report on IslandDAO and their experience in the co-working space. This will resemble the regular feedback reports the DL DAO produces for its clients. Contributors to the IslandDAO feedback report will be paid in $DEAN tokens.
*Notes:*
*Fixed Cap on Travel Expense: To ensure budget control, each winner will have a predetermined limit on reimbursable travel expenses. TBA*
*Accommodations for 1 Person per Winner: Each winner will receive accommodation provisions, limited to one individual to manage costs and logistics efficiently.*
*Expense Reimbursement with Proof of Ticket Purchase: Winners must submit valid proof of ticket purchase to receive reimbursement for their travel expenses.*
*Accommodation Details: Dean's List will arrange accommodation, likely a communal villa close to the event venue, ensuring convenience and cost-effectiveness.*
*Prize Transferability: Winners can pass their prizes to anyone on the leaderboard if they choose not to claim them, allowing flexibility.*
*Delegation and Governance Power: Delegation is permitted, transferring governance power to the delegatee, not the original holder, to maintain effective representation.*
*Campaigning: Campaigning for prizes or positions is allowed, encouraging active participation and engagement within the community.*
### Financial Projections
**Estimated Costs:**
- Airplane Fares and Accommodation for Top 5 Members: $10,000
- IRL Events and Parties for Top 50 Members: $5,000
- Total Estimated Cost: $15,000
**Token Allocation:** Allocate 5-7 million $DEAN tokens for the initiative, although actual usage is expected to be significantly lower.
**Main Scenario:** Given the low circulating supply of the $DEAN token and the mechanics of locking tokens for multiple years to increase governance power and climb the leaderboard ranks, we project a significant increase in the Fully Diluted Valuation (FDV) of DL DAO.
**Current FDV:** $123,263
**Target FDV:** Over $2,000,000
**FDV Growth Analysis:**
1. **Circulating Supply Reduction:** As members lock their $DEAN tokens to increase governance power and climb the leaderboard ranks, the circulating supply of the token will decrease significantly. This reduction in supply will create upward pressure on the token price.
2. **Demand Increase:** The exclusive perks offered, such as airplane tickets, accommodation at the DL DAO Villa, and invitations to IRL events, will incentivize members to increase their governance power, further driving demand for $DEAN tokens.
3. **Price Appreciation:** The combination of reduced supply and increased demand is expected to cause a substantial appreciation in the price of the $DEAN token. For instance, if the initial token price is $0.01 and it appreciates 15 times, the price will reach $0.15.
4. **FDV Calculation:** With a significant increase in token price, the FDV will grow proportionally. Assuming the total token supply remains constant, an increase from $0.01 to $0.15 per token will drive the FDV from $123,263 to over $2,000,000.
### Futarchy Proposal
**Proposal Conditions**
For this proposal to pass, it must result in a 3% increase in the Time Weighted Average Price (TWAP) of The Dean's List DAO's Fully Diluted Valuation (FDV). The trading period for this proposal will be 3 days.
**Estimating FDV Increase per Participant**
- Current FDV: $123,263
- Required Increase (3%): $3,698
- Estimated Number of Participants: 50 (top governance power members)
- Average Increase per Participant: $3,698 / 50 = $73.95
Given the potential activities and promotions participants can engage in, this target is achievable. The required 3% increase in FDV is small compared to the projected FDV increase from the promotional event, which aims for an FDV of over $2,000,000.
**Impact on Token Value**
Given the limited liquidity and the prompt for members to lock tokens, the token's value is expected to appreciate significantly. The reduced circulating supply, coupled with increased demand, is projected to cause a more than 15-fold increase in token price over the campaign period. This significant appreciation will attract further interest and investment, creating a positive feedback loop that enhances the overall value of the DL DAO ecosystem.
#### Budget and Expenses
- The estimated cost of $15,000 for the campaign will be covered by liquidating a fraction of $DEAN tokens as their price appreciates.
- As the token value increases, the DL DAO treasury will be able to finance its initiatives without compromising its financial stability.
#### Conclusion
This proposal to create a promotional event at ThailandDAO, incentivizing governance participation, is a strategic move to boost the Dean's List DAO ecosystem. By leveraging the popularity of ThailandDAO and offering significant perks to top governance power holders, we anticipate substantial engagement and value increase, benefiting the entire ecosystem and ensuring sustainable growth for the DL DAO community.
## Raw Data
- Proposal account: `DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM`
- Proposal number: 2
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
- Autocrat version: 0.3
- Completed: 2024-06-25
- Ended: 2024-06-25
## Key Facts
- Dean's List DAO current FDV: $123,263 (2024-06-22)
- ThailandDAO event dates: Sept 25 - Oct 25, Koh Samui Thailand
- Proposal budget: $15K ($10K travel for top 5, $5K events for top 50)
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
- Autocrat version: 0.3
- Proposal completed: 2024-06-25
- Required TWAP increase: 3% ($3,698 absolute)
- Trading period: 3 days
## Key Facts
- Dean's List DAO FDV was $123,263 on 2024-06-22
- ThailandDAO event scheduled for Sept 25 - Oct 25, 2024 in Koh Samui
- Proposal used Autocrat v0.3 on Futardio platform
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
- The proposal aimed to boost engagement through event promotion.
- The event was held in Thailand and targeted the Deans List DAO.