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3 changed files with 19 additions and 15 deletions
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@ -9,9 +9,10 @@ platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
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proposal_date: 2024-06-14
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resolution_date: 2024-06-19
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resolution_date: 2024-06-17
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completed_date: 2024-06-19
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category: "grants"
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summary: "Proposal to fund development of RugBounty.xyz platform with $5,000 USDC budget to help crypto communities recover from rug pulls through bounty-incentivized token migrations"
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summary: "Proposal to fund RugBounty.xyz platform development with $5,000 USDC to help crypto communities recover from rug pulls through bounty-incentivized token migrations"
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tracked_by: rio
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created: 2026-03-11
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---
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@ -19,7 +20,7 @@ created: 2026-03-11
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# FutureDAO: Fund the Rug Bounty Program
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## Summary
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Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project communities to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
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Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising >60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
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## Market Data
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- **Outcome:** Passed
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@ -33,13 +34,15 @@ Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xy
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- Platform Development: $3,000 USDC
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- Website: $1,000 USDC
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- QA: $1,000 USDC
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- Operational Costs (API & Hosting): $1,000+
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- Bounty Allocation: TBD based on project scope
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- Operational Costs (API & Hosting): $1,000+ USDC
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- $FUTURE bounties: TBD based on project scope
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## Significance
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This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, expanding beyond token migration tooling into bounty-incentivized community onboarding. The program creates a structured mechanism for value recovery that could drive adoption of FutureDAO's core products while building brand equity as a protective layer for the Solana ecosystem.
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This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, extending their Token Migration tool with a bounty-based incentive layer. The program creates a structured mechanism for value recovery that could establish FutureDAO as essential crisis response infrastructure in the Solana ecosystem.
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The bounty structure (rewarding "pirates" who successfully onboard rugged communities) is a novel application of futarchy-governed capital to community organizing, treating rug pull recovery as a coordination problem with financial incentives.
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## Relationship to KB
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- [[futardio]] - governance decision to fund new product vertical
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- [[futardio]] - governance decision expanding product suite
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- [[MetaDAO]] - parent futarchy infrastructure
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- Related to community protection and trust-building in DeFi ecosystems
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- Related to [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - treasury allocation through market governance
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@ -46,7 +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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- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC budget to develop RugBounty.xyz platform for community-driven rug pull recovery
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- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: $5,000 USDC allocated to develop RugBounty.xyz platform for community-led rug pull recovery
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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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@ -12,7 +12,7 @@ event_type: proposal
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Proposal entity created for FutureDAO's Rug Bounty Program funding decision. No novel claims about futarchy mechanisms or governance dynamics—this is a straightforward grants proposal for product development. The proposal passed through standard futarchy governance but doesn't reveal new insights about the mechanism itself. Key facts preserved in source archive for reference."
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extraction_notes: "Governance proposal for product development funding. No novel mechanism claims - standard treasury allocation through futarchy. Entity extraction only: created decision_market entity for the proposal and updated parent Futardio timeline. The proposal describes a bounty mechanism for rug pull recovery but this is product design, not a generalizable claim about futarchy or governance mechanisms."
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---
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## Proposal Details
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@ -187,8 +187,9 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu
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## Key Facts
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- FutureDAO Rug Bounty Program proposal passed on 2024-06-19
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- Budget allocated: $5,000 USDC for platform development
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- Successful migration defined as raising over 60% of presale target in SOL
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- Platform includes bounty creation, community onboarding, multi-sig collaboration, and bounty claiming
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- Potential integrations mentioned: Fluxbeam's Rugcheck, Birdeye, Dexscreener, GoPlus Security, SolChat
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- FutureDAO Rug Bounty Program proposal requested $5,000 USDC for platform development (2024-06-14)
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- Proposal passed and completed by 2024-06-19
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- Budget breakdown: $3K platform dev, $1K website, $1K QA, $1K+ operational costs
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- Success metric defined as >60% of presale target raised in SOL
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- Proposer address: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- Proposal number 2 on DAO account ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm
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