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1c3a557928 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 12:16:55 +00:00
10 changed files with 150 additions and 172 deletions

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@ -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*
Dean's List DAO ThailandDAO proposal (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM) used Autocrat v0.3 with 3-day TWAP settlement requiring 3% FDV increase to pass. Proposal structure: proposal account DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, DAO account 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ, proposer HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz. Proposal #2 for Dean's List DAO. Completed 2024-06-25 with failure outcome. The proposal demonstrates Autocrat's conditional market mechanism in practice: traders could bet on whether the ThailandDAO event would drive sufficient token locking to achieve 3% FDV increase, with settlement via TWAP over the 3-day window. Despite favorable economics ($15K cost vs projected $1.9M FDV increase), the market voted fail, providing evidence of how Autocrat's TWAP settlement mechanism functions in low-liquidity environments.
(extend) The ThailandDAO proposal provides concrete implementation details for Autocrat v0.3 in production: proposal account DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, DAO account 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ, completed 2024-06-25. The proposal required a 3% TWAP increase over 3 days to pass, demonstrating how Autocrat's threshold mechanism works in practice with real economic parameters. The proposal failed despite favorable economics ($15K spend for projected $1.9M value creation), suggesting the 3-day TWAP window may be too short for proposals with indirect value creation mechanisms or low market liquidity. This failure case provides evidence about the practical constraints of the 3-day settlement window when applied to proposals requiring behavioral assumptions or multi-step causal chains.
---

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@ -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 (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM) failed futarchy vote despite favorable economics: $15K cost versus projected $1.9M FDV increase, requiring only 3% TWAP increase ($3,698) to pass. The 3-day trading period on Autocrat v0.3 did not generate sufficient volume to price the proposal, suggesting low liquidity environments struggle to aggregate information even when economic stakes are clear and the math is favorable. Proposal completed 2024-06-25 with failure outcome. Current FDV $123,263 indicates extremely thin market depth.
The ThailandDAO proposal provides a concrete failure case confirming limited trading volume in futarchy markets. Despite having clear economic parameters ($15K spend, 3% TWAP threshold, 3-day window) and detailed financial projections (16x FDV increase from $123,263 to $2M+), the proposal failed to attract sufficient market participation to pass. The required TWAP increase ($3,698 absolute) was conservative relative to projected impact (1,500%+), yet the market failed to price this opportunity. This suggests that even when proposals have well-defined metrics and favorable economics, futarchy markets struggle with liquidity and price discovery—particularly for proposals involving behavioral assumptions (token locking) rather than direct technical changes. Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, completed 2024-06-25.
---

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@ -1,54 +0,0 @@
---
type: claim
domain: internet-finance
description: "Leaderboard-based event perks convert governance participation into status competition where token locking becomes the mechanism for ranking, creating positional goods that drive supply reduction"
confidence: speculative
source: "Dean's List DAO ThailandDAO proposal design (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, failed 2024-06-25), futard.io 2024-06-22"
created: 2024-06-22
processed_date: 2024-06-22
---
# DAO event incentives as governance power competition create token locking demand through status games
The Dean's List DAO ThailandDAO proposal designed a governance incentive mechanism that converted event access into a competitive status game: a real-time leaderboard ranking members by governance power, with top 5 receiving travel and accommodation ($10K), and top 50 receiving event invitations and partner airdrops ($5K). Governance power increased through token deposits or time-locked staking with multipliers.
This architecture transforms governance participation from abstract voting rights into concrete, rivalrous rewards:
**Mechanism design elements:**
- **Visible ranking**: Real-time leaderboard creates social proof and competitive pressure
- **Tiered rewards**: Top 5 versus top 50 creates multiple aspiration levels, allowing members at different wealth levels to compete for achievable positions
- **Lock-up mechanics**: Governance power multipliers incentivize longer token locks (members could "lock them for a multiplier to increase your governance power")
- **Supply reduction**: Competition for leaderboard position removes tokens from circulation as members lock them to compete
- **Prize transferability**: Winners could pass prizes to other leaderboard members, creating secondary markets for positions
The proposal projected this mechanism would drive FDV from $123,263 to >$2,000,000 through supply shock—a 16x increase from approximately 50 participants locking tokens to compete for ranking. The mechanism relied on the assumption that status competition would overcome the coordination problem of getting 50 members to simultaneously lock capital.
**Distinction from traditional governance incentives**: This differs from conventional DAO engagement (voting rewards, delegation fees) by making participation a positional good rather than a compensated activity. In traditional models, rewards are proportional to participation. Here, rewards are zero-sum—only top 5 get travel, only top 50 get events. This creates competitive pressure that may drive higher participation than proportional rewards.
**Evidence of mechanism viability**: The proposal was submitted to futarchy governance, suggesting the proposers believed the mechanism was credible enough to stake capital on. The detailed specification of leaderboard mechanics, prize tiers, and lock-up multipliers indicates serious mechanism design rather than casual speculation.
**Evidence of mechanism failure**: The proposal failed futarchy vote (2024-06-25), suggesting markets did not find the mechanism credible or the economics compelling. This could indicate: (1) skepticism that 50 members would actually lock tokens for event access, (2) projection skepticism (16x FDV from 50 participants seemed unrealistic), (3) insufficient liquidity to price the conditional markets, or (4) complexity deterring participation.
The mechanism remains a testable hypothesis for future implementations, but the failure provides evidence about the limits of status-game-based governance incentives in low-liquidity environments.
## Evidence
- Leaderboard structure: Top 5 (travel + accommodation for 12 days), Top 50 (events + airdrops)
- Governance power mechanics: Token deposits or time-locked staking with multipliers
- Event details: ThailandDAO Sept 25 - Oct 25, Koh Samui, accommodation in communal villa
- Projected participation: ~50 members competing for leaderboard positions
- Projected FDV impact: $123,263 → >$2,000,000 (16x)
- Actual outcome: Proposal failed 2024-06-25
- Platform: Dean's List DAO via Futardio Autocrat v0.3
- Prize transferability: "Winners can pass their prizes to anyone on the leaderboard if they choose not to claim them"
- Delegation permitted: "Delegation is permitted, transferring governance power to the delegatee, not the original holder"
---
Relevant Notes:
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md]]
- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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---
type: claim
domain: internet-finance
description: "Marketing and community event proposals may be structurally disadvantaged in futarchy because causal chains from expenditure to token price are too indirect to verify within trading windows"
confidence: speculative
source: "Dean's List DAO ThailandDAO proposal (failed 2024-06-25), futard.io"
created: 2024-06-22
---
# DAO event sponsorship proposals face systematic skepticism in futarchy markets because ROI attribution is unfalsifiable
Futarchy markets may systematically undervalue marketing and community event proposals because the causal chain from expenditure to token price impact is too indirect to verify within typical trading windows. The Dean's List DAO ThailandDAO proposal illustrates this structural disadvantage.
The proposal projected that $15,000 in event sponsorship would drive FDV from $123,263 to $2,000,000+ through a five-step mechanism:
1. Event creates exclusive perks for top governance holders
2. Perks incentivize members to lock tokens for governance power
3. Token locking reduces circulating supply
4. Reduced supply + increased demand drives price appreciation
5. Price appreciation increases FDV
Each step requires behavioral assumptions (will members actually lock tokens?) and market dynamics (will reduced supply actually drive price up?) that are difficult to price within a 3-day trading window. The proposal required only a 3% TWAP increase to pass, yet failed despite detailed financial projections and precedent for token locking mechanisms in other DAOs.
Compare this to a technical proposal ("upgrade the smart contract to reduce gas costs by 20%") where the causal chain is direct and verifiable:
1. Code change is deployed
2. Gas costs decrease
3. Usage increases
4. Revenue increases
The difference is **causal chain length and verifiability**:
- **Technical/product proposals**: 2-3 steps, mostly verifiable within trading window, outcome is measurable
- **Marketing/community proposals**: 4-5+ steps, behavioral assumptions required, outcome is indirect and attribution is ambiguous
This creates a structural bias in futarchy markets where marketing and community building initiatives—even when they have higher expected value than technical improvements—are systematically underfunded because markets cannot confidently price indirect value creation within the trading window.
This is particularly problematic for early-stage DAOs where community growth and engagement may be more valuable than technical optimization, but futarchy governance systematically favors the latter because the causal chain is shorter and more verifiable.
## Evidence
**ThailandDAO proposal structure:**
- Budget: $15,000
- Projected FDV increase: $1,900,000+ (126x return)
- Required TWAP increase: 3% over 3 days
- Causal chain: 5 steps (event → perks → locking → supply reduction → price appreciation)
- Outcome: Failed despite favorable economics
- Mechanism: Each step requires behavioral/market assumptions hard to verify in 3-day window
**Comparison to technical proposals:**
Technical proposals have shorter, more verifiable causal chains. A gas optimization proposal can be evaluated based on: (1) code review (verifiable), (2) historical usage patterns (measurable), (3) expected revenue impact (calculable). Marketing proposals require: (1) event execution (uncertain), (2) member participation (behavioral), (3) token locking adoption (behavioral), (4) market response (speculative).
## Challenges
This claim is highly speculative because:
1. It's based on a single failed proposal
2. The proposal may have failed for reasons unrelated to causal chain length (e.g., low trust in proposer, skepticism about specific projections, timing)
3. We lack comparative data on technical vs. marketing proposal success rates across multiple futarchy DAOs
4. The 3-day trading window may be too short for any proposal type, not just marketing
5. We don't know if the proposal failed due to market skepticism or simply low trading volume
To validate this claim, we would need:
- Success/failure rates for marketing vs. technical proposals across 5+ futarchy DAOs
- Analysis of market depth and trading volume by proposal type
- Evidence that longer trading windows improve marketing proposal success rates
- Comparison of TWAP thresholds set for marketing vs. technical proposals
---
Relevant Notes:
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md]]
- [[futarchy-excels-at-relative-selection-but-fails-at-absolute-prediction-because-ordinal-ranking-works-while-cardinal-estimation-requires-calibration.md]]
- [[domain-expertise-loses-to-trading-skill-in-futarchy-markets-because-prediction-accuracy-requires-calibration-not-just-knowledge.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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@ -35,10 +35,10 @@ MycoRealms implementation reveals operational friction points: monthly $10,000 a
Optimism futarchy achieved 430 active forecasters and 88.6% first-time governance participants by using play money, demonstrating that removing capital requirements can dramatically lower participation barriers. However, this came at the cost of prediction accuracy (8x overshoot on magnitude estimates), revealing a new friction: the play-money vs real-money tradeoff. Play money enables permissionless participation but sacrifices calibration; real money provides calibration but creates regulatory and capital barriers. This suggests futarchy adoption faces a structural dilemma between accessibility and accuracy that liquidity requirements alone don't capture. The tradeoff is not merely about quantity of liquidity but the fundamental difference between incentive structures that attract participants vs incentive structures that produce accurate predictions.
### Additional Evidence (confirm)
### 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*
Concrete failure case: Dean's List DAO ThailandDAO proposal presented 16x FDV growth projection ($123K → $2M) with clear supply reduction mechanics (token locking for governance power competition), yet failed futarchy vote. The proposal required understanding: (1) token locking mechanics with multipliers, (2) governance power calculations, (3) real-time leaderboard dynamics, (4) conditional market settlement via TWAP, (5) the relationship between supply reduction and price appreciation. This cognitive load likely deterred participation despite favorable economics. Additionally, the projection credibility gap—markets may have dismissed the 16x growth claim as unrealistic despite mechanically sound supply reduction—confirms that token price psychology creates adoption friction independent of economic merit. Proposal account DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, failed 2024-06-25.
(extend) The ThailandDAO proposal adds a new dimension to futarchy adoption friction: proposals with multi-step causal chains face systematic skepticism even when economics are favorable. The proposal required markets to price a 5-step mechanism (event → perks → token locking → supply reduction → price appreciation) within a 3-day window. This complexity may have deterred trading participation, contributing to the proposal's failure despite projecting 16x FDV growth from $15K spend. The case suggests that proposal complexity isn't just about understanding the mechanism—it's about the verifiability of causal chains within the trading window. Traders may rationally avoid proposals where attribution of outcomes to specific actions is ambiguous or requires behavioral assumptions that cannot be validated during the trading period. Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, completed 2024-06-25.
---

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@ -1,51 +0,0 @@
---
type: claim
domain: internet-finance
description: "Dean's List DAO proposal failed despite $15K cost versus projected $1.9M FDV increase, showing futarchy adoption barriers extend beyond economic rationality to include liquidity, complexity, and credibility thresholds"
confidence: experimental
source: "Dean's List DAO ThailandDAO proposal (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM, failed 2024-06-25), futard.io"
created: 2024-06-22
processed_date: 2024-06-22
---
# Futarchy proposal failure despite favorable economics reveals adoption friction beyond market mechanics
The Dean's List DAO ThailandDAO event proposal failed futarchy governance despite presenting seemingly favorable economics: $15,000 in costs against a projected FDV increase from $123,263 to over $2,000,000 (16x growth), requiring only a 3% TWAP increase ($3,698) to pass over a 3-day trading window on Autocrat v0.3.
The proposal offered concrete incentives designed to drive token locking and reduce circulating supply: travel and accommodation for top 5 governance power holders ($10K), and events/airdrops for top 50 ($5K). The mechanism was sound—members would lock tokens to increase governance power and compete for leaderboard positions, reducing circulating supply and creating upward price pressure.
Yet the proposal failed, suggesting futarchy adoption faces barriers beyond pure economic calculation:
**1. Projection credibility gap**: The 16x FDV growth projection may have been dismissed as unrealistic despite the supply reduction mechanics being mechanically sound. Markets appear to discount promotional campaign claims even when the underlying mechanism is theoretically valid, suggesting a "show me" threshold for belief in token appreciation narratives.
**2. Liquidity and participation thresholds**: With Dean's List DAO's extremely low liquidity environment (current FDV $123,263), the 3-day trading period may not have attracted sufficient market participation to price the proposal accurately. The conditional market may have lacked the depth needed to aggregate information from even a small number of traders.
**3. Complexity tax**: The proposal required understanding multiple interacting systems: (1) token locking mechanics with multipliers, (2) governance power calculations, (3) real-time leaderboard dynamics, (4) conditional market settlement via TWAP, (5) the relationship between supply reduction and price appreciation. This cognitive load likely deterred participation even among economically rational actors who might have otherwise traded on favorable odds.
**4. Execution risk**: The proposal depended on 50+ members actually locking tokens and competing for positions. If markets doubted participation would materialize, the projected FDV increase would be discounted accordingly.
This case provides concrete evidence that futarchy adoption barriers are not primarily economic—the math was favorable—but rather structural: low liquidity environments, proposal complexity, and credibility gaps between projections and outcomes create friction independent of whether the underlying mechanism is sound.
## Evidence
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
- Current FDV: $123,263 (2024-06-22)
- Proposal budget: $15,000 ($10K travel for top 5, $5K events for top 50)
- Required TWAP increase: 3% ($3,698 absolute)
- Projected FDV: >$2,000,000 (16x growth)
- Trading period: 3 days
- Autocrat version: 0.3
- Outcome: Failed (2024-06-25)
- Projected participants: ~50 members competing for leaderboard positions
---
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]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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---
type: claim
domain: internet-finance
description: "Futarchy markets reject proposals with positive expected value when upfront costs are certain but benefits are uncertain, even with asymmetric risk/reward ratios"
confidence: experimental
source: "Dean's List DAO ThailandDAO proposal (failed 2024-06-25), futard.io"
created: 2024-06-22
---
# Futarchy proposals with favorable economics can fail when token holders prioritize treasury preservation over expected value
The Dean's List DAO ThailandDAO promotional event proposal demonstrates a failure mode where futarchy markets reject proposals with positive expected value due to loss aversion around certain treasury spending versus uncertain future benefits. The proposal requested $15,000 to fund travel and events for top governance participants, with detailed projections showing this would drive FDV from $123,263 to over $2,000,000 (16x increase) through token locking mechanics and demand generation.
The futarchy condition required only a 3% TWAP increase ($3,698 absolute) over a 3-day trading window to pass—far below the projected impact. Despite this asymmetric risk/reward profile (certain $15K cost vs. projected $1.9M value creation), the proposal failed on 2024-06-25.
This suggests futarchy markets exhibit loss aversion that overweights downside risk (certain treasury depletion) relative to upside potential (uncertain but high-magnitude FDV growth), even when expected value calculations strongly favor the proposal. The mechanism is particularly notable because:
1. **Clear economic parameters**: $15K spend, 3% TWAP threshold, 3-day window, detailed financial projections
2. **Precedent exists**: Token locking for governance power is established in other DAOs
3. **Cost is trivial relative to upside**: $15K is 0.01% of projected $2M value creation
4. **Threshold is conservative**: 3% required increase vs. 1,500%+ projected increase
The rejection reveals that futarchy markets may systematically undervalue proposals with:
- Certain upfront costs versus uncertain future benefits
- Long time horizons between expenditure and value realization
- Mechanisms requiring behavioral change (token locking) rather than passive value accrual
- Marketing/community initiatives versus technical/product development
## Evidence
**Proposal parameters:**
- Dean's List DAO FDV: $123,263 (2024-06-22)
- Proposal budget: $15,000 ($10K travel for top 5 members, $5K events for top 50)
- Projected FDV target: $2,000,000+ (16x increase)
- Required TWAP increase for passage: 3% ($3,698 absolute)
- Trading period: 3 days
- Outcome: Failed (completed 2024-06-25)
- Platform: Futardio/MetaDAO Autocrat v0.3
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
**Mechanism logic:**
The proposal's causal chain was explicit: event perks → token locking incentives → reduced circulating supply → increased demand → price appreciation. The proposer estimated that locking tokens to climb the leaderboard would reduce circulating supply significantly, creating upward price pressure. With only 50 estimated participants needed to generate $3,698 in FDV increase ($73.95 per participant), the threshold appeared achievable.
## Challenges
This is a single case study. The proposal failure could reflect:
- Skepticism about the specific FDV projections rather than general loss aversion
- Low liquidity in the decision market preventing accurate price discovery
- Lack of trust in the proposer's ability to execute
- Market belief that the token locking mechanism wouldn't generate projected demand
- Timing issues (proposal ended 2024-06-25, event was Sept 25 - Oct 25, creating 3-month gap)
The claim requires additional cases of economically favorable proposals failing to establish this as a systematic pattern rather than a one-off rejection. Comparative analysis of proposal success rates by cost structure (certain vs. uncertain) would strengthen this 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]]
- [[domain-expertise-loses-to-trading-skill-in-futarchy-markets-because-prediction-accuracy-requires-calibration-not-just-knowledge.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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@ -1,56 +0,0 @@
---
type: entity
entity_type: decision_market
name: "Dean's List: ThailandDAO Event Promotion to Boost Governance Engagement"
domain: internet-finance
status: failed
parent_entity: "[[deans-list]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
proposal_account: "DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
dao_account: "9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ"
proposal_date: 2024-06-22
resolution_date: 2024-06-25
autocrat_version: "0.3"
category: "grants"
summary: "Promotional campaign offering travel and event perks to top governance power holders to drive token locking and FDV growth"
key_metrics:
budget: "$15,000"
current_fdv: "$123,263"
projected_fdv: ">$2,000,000"
required_twap_increase: "3% ($3,698)"
trading_period: "3 days"
top_5_reward: "Airplane fares + 12 days accommodation at ThailandDAO"
top_50_reward: "IRL event invitations + partner airdrops"
tracked_by: rio
created: 2026-03-11
---
# Dean's List: ThailandDAO Event Promotion to Boost Governance Engagement
## Summary
Proposal to create a promotional campaign for Dean's List DAO members tied to the ThailandDAO event (Sept 25 - Oct 25, Koh Samui). The campaign would establish a real-time governance power leaderboard with tiered rewards: top 5 members receive travel and accommodation ($10K), top 50 receive event invitations and partner airdrops ($5K). Members increase governance power through token deposits or time-locked staking with multipliers. The proposal projected this mechanism would drive FDV from $123,263 to >$2,000,000 (16x growth) through supply reduction as members locked tokens to compete for leaderboard positions.
## Market Data
- **Outcome:** Failed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Platform:** Futardio (Autocrat v0.3)
- **Trading Period:** 3 days
- **Required TWAP Increase:** 3% ($3,698 absolute)
- **Resolution:** 2024-06-25
## Significance
This proposal represents a novel DAO engagement mechanism: converting governance participation into a competitive status game where IRL event access is the prize and token locking is the competitive mechanism. The failure despite seemingly favorable economics ($15K cost vs $1.9M projected FDV increase) provides evidence about futarchy adoption barriers—either the projection lacked credibility, liquidity was insufficient to price the conditional markets, or complexity deterred participation.
The proposal design itself is notable: leaderboard-based competition, tiered rewards, and governance power multipliers through time-locked staking. This differs from traditional governance incentives (voting rewards, delegation fees) by making participation a positional good rather than a compensated activity.
## Relationship to KB
- [[deans-list]] - parent DAO governance decision
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - failure case confirming adoption barriers
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - low liquidity environment struggled to price proposal
- [[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

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@ -48,5 +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]] proposed: $15K promotional campaign for ThailandDAO event with leaderboard-based rewards for top governance power holders, projected 16x FDV growth
- **2024-06-25** — [[deans-list-thailanddao-event-promotion]] failed: ThailandDAO event proposal rejected despite favorable economics, revealing futarchy adoption barriers in low-liquidity environments
- **2024-06-22** — [[deans-list-thailanddao-event-promotion]] proposed: $15K event sponsorship projecting 16x FDV increase, failed 2024-06-25 despite 3% TWAP threshold

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@ -16,10 +16,10 @@ 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_date: 2026-03-11
claims_extracted: ["futarchy-proposal-failure-despite-favorable-economics-reveals-adoption-friction-beyond-market-mechanics.md", "dao-event-incentives-as-governance-power-competition-create-token-locking-demand-through-status-games.md"]
claims_extracted: ["futarchy-proposals-with-favorable-economics-can-fail-when-token-holders-prioritize-treasury-preservation-over-expected-value.md", "dao-event-sponsorship-proposals-face-systematic-skepticism-in-futarchy-markets-because-roi-attribution-is-unfalsifiable.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, which itself is evidence about futarchy adoption barriers. Created decision_market entity for the proposal with full market data. Enriched 3 existing claims with concrete implementation data and failure case confirmation."
extraction_notes: "Extracted 2 claims about futarchy market failure modes: (1) risk aversion causing rejection of positive-EV proposals, (2) systematic skepticism toward marketing proposals with long causal chains. Both claims are experimental/speculative due to single-case evidence. Proposal failed despite seemingly favorable economics (16x projected FDV increase from $15K spend), which itself is evidence about futarchy adoption barriers. Created decision_market entity for the proposal. Enriched 3 existing claims with concrete implementation data and failure case confirmation."
---
## Proposal Details
@ -192,9 +192,9 @@ This proposal to create a promotional event at ThailandDAO, incentivizing govern
## Key Facts
- Dean's List DAO FDV: $123,263 (2024-06-22)
- ThailandDAO event: Sept 25 - Oct 25, Koh Samui Thailand
- Proposal budget: $15K ($10K travel top 5, $5K events top 50)
- Required TWAP increase: 3% ($3,698)
- ThailandDAO event dates: Sept 25 - Oct 25, 2024, Koh Samui Thailand
- Proposal budget: $15K ($10K travel for top 5, $5K events for top 50)
- Required TWAP increase: 3% ($3,698 absolute) over 3 days
- Autocrat version: 0.3
- Proposal account: DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
- DAO account: 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ