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7769d99309 rio: extract from 2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md
- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 15:42:26 +00:00
3 changed files with 25 additions and 30 deletions

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@ -9,9 +9,11 @@ platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
proposal_date: 2024-06-14
resolution_date: 2024-06-19
resolution_date: 2024-06-17
completed_date: 2024-06-19
category: "grants"
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"
summary: "Fund development of RugBounty.xyz platform to help communities recover from rug pulls through bounty-incentivized token migrations"
budget_requested: "$5,000 USDC"
tracked_by: rio
created: 2026-03-11
---
@ -19,33 +21,27 @@ created: 2026-03-11
# FutureDAO: Fund the Rug Bounty Program
## Summary
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 over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
Proposal to fund development of 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.)".
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Proposal Number:** 2
- **Completed:** 2024-06-19
- **Budget:** $5,000 USDC for platform development ($3,000 platform, $1,000 website, $1,000 QA) plus $1,000+ operational costs
- **Created:** 2024-06-14
- **Ended:** 2024-06-17
## Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs (API & Hosting): $1,000+
- $FUTURE bounties: TBD based on project scope
## Mechanism Design
The Rug Bounty Program creates a structured recovery process:
1. Bounty creation with project details and reward structure
2. Community onboarding through Telegram, Discord, Twitter Spaces
3. Multi-sig setup for token migrator (trust verification)
4. Success threshold: 60% of presale target raised in SOL
5. Bounty claim awarded to facilitator(s)
- **Completed:** 2024-06-19
## Significance
This proposal represents FutureDAO's expansion from pure infrastructure provider to community protection service. The bounty mechanism aligns incentives for community organizers to facilitate recoveries while driving adoption of FutureDAO's Token Migration tool. The "S.E.R.T." branding positions the DAO as crisis response infrastructure for Solana ecosystem.
This proposal demonstrates futarchy-governed product development funding for a novel use case: community-driven recovery from rug pulls. The bounty mechanism creates a permissionless market for community takeover facilitation, where "pirates" compete to successfully migrate rugged communities. The multi-sig requirement for token migrator shows trust-minimized collaboration between bounty hunters and FutureDAO.
The proposal positions FutureDAO as infrastructure for crypto community resilience rather than just a governance experiment, with potential partnerships across security (GoPlus, Rugcheck), analytics (Birdeye, Dexscreener), and communication (SolChat) layers.
## Relationship to KB
- [[futardio]] - governance decision expanding product scope
- [[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
- [[futardio]] - product development decision
- [[MetaDAO]] - parent futarchy infrastructure
- [[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 futarchy
## Timeline
- **2024-06-14** - Proposal created
- **2024-06-17** - Voting ended, proposal passed
- **2024-06-19** - Proposal completed

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@ -46,7 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
- **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
- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
- **2024-06-14** - [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC funding for RugBounty.xyz platform to incentivize community-led recovery from rug pulls
- **2024-06-14** - [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC funding for RugBounty.xyz platform development
## Competitive Position
- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
- **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
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Governance proposal for product expansion. Created decision_market entity and updated parent Futardio entity timeline. No novel claims about futarchy mechanisms or governance dynamics - this is a straightforward grants proposal for a new product feature. The bounty mechanism itself is not novel enough to warrant a claim (standard incentive alignment for community organizers)."
extraction_notes: "Governance proposal for product development funding. Created decision_market entity and updated parent Futardio timeline. No novel claims about futarchy mechanisms or governance dynamics - this is a straightforward treasury allocation decision. The rug bounty mechanism itself is a product feature, not a governance innovation. Key facts preserved in source archive for reference."
---
## Proposal Details
@ -187,8 +187,7 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu
## Key Facts
- FutureDAO Rug Bounty Program proposal requested $5,000 USDC budget (2024-06-14)
- Proposal passed and completed 2024-06-19
- Success threshold defined as 60% of presale target raised in SOL
- Platform development budget: $3,000 USDC for platform, $1,000 USDC for website, $1,000 USDC for QA
- Operational costs estimated at $1,000+ for API and hosting
- FutureDAO Rug Bounty Program budget: $5,000 USDC development + $1,000+ operational costs (2024-06-14)
- Rug Bounty success metric: raising over 60% of presale target in SOL
- Proposal account: 4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt
- Proposal passed 2024-06-17, completed 2024-06-19