rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/metadao-develop-saber-vote-market.md

@@ -0,0 +1,66 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Develop a Saber Vote Market?"
+domain: internet-finance
+status: passed
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Proph3t (metaproph3t)"
+proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
+proposal_date: 2023-12-16
+resolution_date: 2023-12-22
+category: "strategy"
+summary: "Proposal to build a Saber vote market funded by $150k consortium, with MetaDAO owning majority and earning revenue from vote trading fees"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Develop a Saber Vote Market?
+
+## Summary
+Proposal to build a vote market for Saber's veSBR holders, funded by a $150k consortium of ecosystem teams (UXD, BlazeStake, LP Finance, Saber). MetaDAO would own the majority of the platform, with $62k allocated to development costs and $90k reserved for ongoing operations. The platform would enable veSBR holders to earn yield by selling their votes and allow projects to acquire liquidity more efficiently than through bespoke campaigns.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** Proph3t (metaproph3t)
+- **Proposal Account:** GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
+- **Completed:** 2023-12-22
+- **Autocrat Version:** 0.1
+
+## Financial Structure
+- **Total Funding:** $150,000 from consortium
+- **Development Budget:** $62,000
+  - Smart contracts (Matt/fzzyyti): $24,000
+  - UI/UX (Marie): $12,000
+  - Platform design (Durden): $7,000
+  - Program management (Proph3t): $7,000
+  - Audits (r0bre, joe): $10,000 combined
+  - Deployment/misc: $2,000
+- **Treasury Reserve:** $88,000 for operations and maintenance
+- **Revenue Model:** 5-15% take rate on vote trades
+
+## Revenue Projections
+Based on Curve and Aura benchmarks, estimated $1 in yearly vote trade volume per $50 of Saber TVL. With Saber's $20M TVL at the time, projected $400k annual volume. At 15% take rate and 65% MetaDAO ownership, estimated $39k annual revenue to MetaDAO.
+
+## Timeline
+- **Kickoff:** December 11-15, 2023
+- **Development:** December 18 - February 9, 2024 (with holiday break)
+- **Audit:** January 29 - February 2, 2024
+- **Launch:** February 19, 2024
+
+## Team
+- Marie (swagy_marie): UI/UX
+- Matt (fzzyyti): Smart contracts
+- Durden (durdenwannabe): Platform design & tokenomics
+- Joe (joebuild) & r0bre: Contract audits
+- Proph3t (metaproph3t): Program manager
+
+## Significance
+This proposal demonstrates MetaDAO's pivot from building its own vote market (Marinade, proposal 0) to providing futarchy-governed infrastructure as a service for other protocols. It shows MetaDAO's legitimacy-building strategy through partnerships with established Solana projects and represents an early test of the "futarchy as a service" model. The multi-party funding consortium structure ($150k from 4+ teams) validates external demand for MetaDAO's governance technology.
+
+## Relationship to KB
+- [[metadao]] - strategic direction toward infrastructure provider
+- [[futardio]] - platform hosting this proposal
+- [[proph3t]] - proposer and program manager
+- [[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]] - governance mechanism used

entities/internet-finance/metadao.md

@@ -54,6 +54,8 @@ 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
+- **2023-12-16** — [[metadao-develop-saber-vote-market]] proposed: Build Saber vote market funded by $150k consortium from UXD, BlazeStake, LP Finance, and Saber
+- **2023-12-22** — [[metadao-develop-saber-vote-market]] passed: Approved development of Saber vote market with $62k development budget and $90k treasury reserve
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

entities/internet-finance/proph3t.md

@@ -44,3 +44,7 @@ Relevant Entities:
 
 Topics:
 - [[internet finance and decision markets]]
+
+## Timeline
+
+- **2023-12-16** — Proposed [[metadao-develop-saber-vote-market]]: $150k consortium-funded Saber vote market with MetaDAO as majority owner and service provider

entities/internet-finance/saber.md

@@ -0,0 +1,27 @@
+---
+type: entity
+entity_type: company
+name: "Saber"
+domain: internet-finance
+status: active
+website: "https://saber.so"
+founded: null
+key_people:
+  - "c2yptic"
+key_metrics:
+  tvl: "$20M (as of December 2023)"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Saber
+
+## Overview
+Saber is a Solana-based decentralized exchange focused on stablecoin and wrapped asset trading. The protocol uses a vote-escrowed token model (veSBR) where token holders lock SBR to gain governance rights over liquidity gauge emissions. As of December 2023, Saber had $20M in TVL and was planning to implement a vote market to enable veSBR holders to monetize their voting power.
+
+## Timeline
+- **2023-12-16** — Partnered with MetaDAO to build vote market infrastructure, contributing to $150k funding consortium alongside UXD, BlazeStake, and LP Finance
+
+## Relationship to KB
+- [[metadao-develop-saber-vote-market]] - governance infrastructure partnership
+- [[metadao]] - futarchy infrastructure provider

inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

@@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TY
 date: 2023-12-16
 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
+enrichments_applied: ["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", "MetaDAO-is-the-futarchy-launchpad-on-Solana-where-projects-raise-capital-through-unruggable-ICOs-governed-by-conditional-markets-creating-the-first-platform-for-ownership-coins-at-scale.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "This is a decision_market entity extraction, not a claim extraction. The proposal itself contains no novel mechanism insights - it applies existing vote market concepts (Curve/Convex/Votium model) to Saber. The value is in the governance event and the strategic pivot it represents for MetaDAO (from building own products to providing infrastructure as a service). Enrichments focus on operational complexity, multi-party coordination, and MetaDAO's evolving positioning. Created new entity for Saber as it's a significant Solana protocol with $20M TVL and ongoing relationship with MetaDAO."
 ---
 
 ## Proposal Details
@@ -201,3 +206,13 @@ For those who are more familiar with bribe terminology, which I prefer not to us
 - Autocrat version: 0.1
 - Completed: 2023-12-22
 - Ended: 2023-12-22
+
+
+## Key Facts
+- Saber had $20M TVL as of December 2023
+- Curve had $2B TVL with $1.25M in biweekly vote incentives (December 2023)
+- Curve had $20B TVL with $15-20M biweekly vote incentives before Luna depeg
+- Aura had $600M TVL with $900k biweekly vote incentives (May 2023)
+- Convex charges 7-10% take rate on vote markets
+- Votium charges ~3% take rate
+- Hidden Hand charges ~10% take rate