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 6)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/c2yptic.md

@@ -0,0 +1,22 @@
+---
+type: entity
+entity_type: person
+name: "c2yptic"
+domain: internet-finance
+status: active
+affiliations:
+  - "Saber"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# c2yptic
+
+c2yptic is a contributor to Saber who initiated the partnership with MetaDAO to build a vote market for veSBR holders instead of Saber developing an internal solution.
+
+## Timeline
+- **2023-12-16** - Proposed MetaDAO build Saber's vote market, leading to approved proposal with $150K ecosystem funding
+
+## Relationship to KB
+- [[saber]] - affiliated protocol
+- [[metadao-develop-saber-vote-market]] - initiated partnership

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

@@ -6,12 +6,18 @@ domain: internet-finance
 status: passed
 parent_entity: "[[metadao]]"
 platform: "futardio"
-proposer: "Proph3t (metaproph3t)"
+proposer: "Proph3t"
 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"
+category: "mechanism"
+summary: "Proposal to build a vote market for Saber veSBR holders funded by $150K from ecosystem partners"
+key_metrics:
+  budget: "$62,000"
+  funding_committed: "$150,000"
+  metadao_ownership: "65%"
+  projected_take_rate: "5-15%"
+  team_size: 6
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -19,48 +25,36 @@ 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.
+Proposal to build a vote market platform for Saber's veSBR token holders, enabling them to earn yield by selling their governance votes while allowing projects to purchase liquidity more efficiently. The platform would be funded with $150K from ecosystem partners (UXD, BlazeStake, LP Finance, Saber) with MetaDAO owning 65% of the platform.
 
 ## Market Data
 - **Outcome:** Passed
 - **Proposer:** Proph3t (metaproph3t)
-- **Proposal Account:** GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
+- **Proposal Number:** 2
 - **Completed:** 2023-12-22
-- **Autocrat Version:** 0.1
+- **Budget:** $62,000 development cost from $150,000 total funding
+- **Timeline:** 10 weeks (Dec 18, 2023 - Feb 19, 2024)
 
-## 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
+## Financial Model
+- Estimated $1 in yearly vote trade volume per $50 of Saber TVL
+- Saber TVL at proposal: $20M
+- Projected take rate: 5-15% (starting at 15%)
+- Comparable platforms: Convex (7-10%), Votium (~3%), Hidden Hand (~10%)
+- MetaDAO ownership: 65% after 10% liquidity mining distribution
 
-## 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
+## Team and Budget Breakdown
+- Matt/fzzyyti: $24,000 (smart contracts)
+- Marie (swagy_marie): $12,000 (UI/UX)
+- Durden: $7,000 (platform design)
+- Proph3t: $7,000 (program management)
+- r0bre: $5,000 (audit)
+- Joe (joebuild): $5,000 (audit)
+- Deployment/misc: $2,000
 
 ## 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.
+This proposal represents MetaDAO's pivot from the original Marinade vote market (Proposal 0) to Saber after Marinade developed an internal solution. It demonstrates MetaDAO's strategy of building governance infrastructure for DeFi protocols while generating revenue through take rates on vote trading volume. The proposal includes detailed financial modeling based on Curve/Convex/Aura comparables and emphasizes legitimacy-building through partnerships with established Solana projects.
 
 ## 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
+- [[metadao]] - governance decision to build vote market infrastructure
+- [[futardio]] - platform where this proposal was decided
+- Relates to MetaDAO's broader strategy of building futarchy infrastructure for DeFi governance

entities/internet-finance/metadao.md

@@ -54,8 +54,7 @@ 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
+- **2023-12-16** - [[metadao-develop-saber-vote-market]] passed: Approved development of Saber vote market platform with $150K funding from ecosystem partners (UXD, BlazeStake, LP Finance, Saber), $62K development budget, targeting 5-15% take rate on vote trading volume
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

entities/internet-finance/proph3t.md

@@ -44,7 +44,3 @@ 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

@@ -4,24 +4,21 @@ 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)"
+  tvl: "$20M (as of Dec 2023)"
+  governance_token: "SBR"
+  vote_escrowed_token: "veSBR"
 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.
+Saber is a Solana-based decentralized exchange (DEX) focused on stablecoin and pegged asset trading. The protocol uses a vote-escrowed governance model (veSBR) where token holders lock SBR to gain governance rights over liquidity gauge emissions.
 
 ## Timeline
-- **2023-12-16** — Partnered with MetaDAO to build vote market infrastructure, contributing to $150k funding consortium alongside UXD, BlazeStake, and LP Finance
+- **2023-12-16** - MetaDAO approved proposal to build vote market for veSBR holders, enabling them to sell governance votes to projects seeking liquidity
 
 ## Relationship to KB
-- [[metadao-develop-saber-vote-market]] - governance infrastructure partnership
-- [[metadao]] - futarchy infrastructure provider
+- [[metadao-develop-saber-vote-market]] - governance infrastructure being built for Saber
+- Comparable to Curve Finance's gauge voting system on Ethereum

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

@@ -11,9 +11,8 @@ 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."
+extraction_notes: "This is a governance proposal document, not a source containing novel claims about futarchy mechanisms. Extracted as decision_market entity with financial projections and team structure. Created new entities for Saber protocol and c2yptic. No extractable claims - the proposal contains standard vote market mechanics already covered in existing KB claims about governance infrastructure and legitimacy-building."
 ---
 
 ## Proposal Details
@@ -209,10 +208,9 @@ For those who are more familiar with bribe terminology, which I prefer not to us
 
 
 ## 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
+- Saber TVL was $20M as of December 2023
+- Curve TVL was $2B with $1.25M in biweekly vote incentives (Dec 2023)
+- Pre-Luna Curve had $20B TVL with $15-20M biweekly vote volume
+- Aura had $600M TVL with $900K vote volume in May 2023
+- Convex take rate: 7-10%, Votium: ~3%, Hidden Hand: ~10%
+- MetaDAO Proposal 0 originally targeted Marinade before pivoting to support their internal solution