rio: extract from 2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md

- Source: inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/kamino.md

@@ -1,24 +0,0 @@
----
-type: entity
-entity_type: company
-name: "Kamino"
-domain: internet-finance
-status: active
-website: "https://app.kamino.finance"
-tracked_by: rio
-created: 2026-03-11
----
-
-# Kamino
-
-## Overview
-Kamino is a Solana-based DeFi protocol providing managed liquidity vaults for concentrated liquidity AMMs. Kamino vaults automatically rebalance LP positions and have captured >95% of xSOL-SOL liquidity on Solana AMMs, indicating strong product-market fit for managed vault strategies over manual LP management.
-
-## Timeline
-- **2025-03-05** — Sanctum selects Kamino to manage INF-SOL liquidity incentives, citing Kamino's dominance in LST-SOL liquidity (>95% market share) and INF-SOL vault's historical outperformance of HODL strategy
-- **2025-03-08** — Sanctum's [[sanctum-use-25m-cloud-incentivise-inf-sol-liquidity]] passes, delegating dynamic APY management to Kamino team for up to 2.5M CLOUD incentive budget
-
-## Relationship to KB
-- [[sanctum]] - liquidity management partner
-- Demonstrates concentrated liquidity vault product-market fit on Solana
-- Validates thesis that users prefer third-party managed positions over manual LP management

entities/internet-finance/sanctum-incentivise-inf-sol-liquidity.md

@@ -0,0 +1,38 @@
+---
+type: entity
+entity_type: decision_market
+name: "Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
+domain: internet-finance
+status: passed
+parent_entity: "[[sanctum]]"
+platform: "futardio"
+proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
+proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
+proposal_date: 2025-03-05
+resolution_date: 2025-03-08
+category: "treasury"
+summary: "Deploy up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity via Kamino Vaults with 20% initial yield transitioning to 15%"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
+
+## Summary
+Proposal to deploy up to 2.5M CLOUD tokens to incentivize liquidity providers in the INF-SOL Kamino vault, offering 20% APY for the first month then 15% thereafter, targeting $2.5M TVL to deepen native SOL liquidity for INF. The proposal passed, addressing the concern that despite INF's strong performance (outperforming mSOL and jitoSOL), insufficient liquidity prevented large depositors from exiting in size.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
+- **Proposal Account:** 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
+- **DAO Account:** 5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR
+- **Created:** 2025-03-05
+- **Completed:** 2025-03-08
+
+## Significance
+Demonstrates futarchy applied to operational treasury decisions for liquidity management. The proposal used industry-standard incentive rates (15-20% APY) and targeted Kamino vaults specifically because >95% of existing xSOL-SOL liquidity comes from Kamino managed positions, showing market preference for automated position management over manual LP provision. The decision to focus on deepening INF-SOL liquidity supports Sanctum's goal of making INF the liquidity nexus for all LSTs on Solana.
+
+## Relationship to KB
+- [[sanctum]] - treasury governance decision
+- [[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 example
+- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - uncontested operational proposal

entities/internet-finance/sanctum-use-25m-cloud-incentivise-inf-sol-liquidity.md

@@ -1,55 +0,0 @@
----
-type: entity
-entity_type: decision_market
-name: "Sanctum: Use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults"
-domain: internet-finance
-status: passed
-parent_entity: "[[sanctum]]"
-platform: "futardio"
-proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
-proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
-proposal_date: 2025-03-05
-resolution_date: 2025-03-08
-category: "treasury"
-summary: "Treasury allocation of up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity through Kamino managed vaults with 20% initial APY dropping to 15%"
-key_metrics:
-  budget: "2.5M CLOUD tokens"
-  target_tvl: "$2.5M"
-  initial_apy: "20%"
-  ongoing_apy: "15%"
-  expected_duration: "6 months minimum at target TVL"
-tracked_by: rio
-created: 2026-03-11
----
-
-# Sanctum: Use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults
-
-## Summary
-Sanctum's CLOUD-003 proposal allocated up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity through Kamino managed vaults, offering LPs 20% APY initially (first month) then 15% ongoing, targeting $2.5M TVL with dynamic APY management by Kamino team based on TVL and CLOUD price fluctuations.
-
-## Market Data
-- **Outcome:** Passed
-- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
-- **Platform:** Futardio (Autocrat v0.3)
-- **Proposal Account:** 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
-- **DAO Account:** 5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR
-- **Created:** 2025-03-05
-- **Completed:** 2025-03-08
-
-## Rationale
-INF (Sanctum's infinity pool token) demonstrates strong performance, slightly underperforming the best LST but outperforming mSOL and jitoSOL. However, INF-SOL liquidity depth is insufficient for large depositors and for INF to become the liquidity nexus for all LSTs on Solana. The proposal targets Kamino vaults specifically because >95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed positions, indicating users prefer third-party managed, auto-rebalanced positions. The INF-SOL Kamino vault has historically outperformed 100% INF HODL strategy due to high capital velocity (trading volume relative to TVL).
-
-## Mechanism Design
-- Industry standard 15% combined APY (fees + incentives)
-- 20% APY for first month to bootstrap initial liquidity
-- Kamino team manages dynamic APY adjustments based on TVL changes and CLOUD price
-- Budget caps at either 2.5M CLOUD exhaustion or $2.5M TVL, whichever comes first
-- Expected 6-month minimum duration at target TVL
-
-## Significance
-This proposal demonstrates futarchy governance extending beyond fundraising into operational treasury management and liquidity incentive programs. It shows Autocrat v0.3 being used for complex parameter-setting decisions (dynamic APY, TVL caps, token budgets) with delegated execution to specialized teams (Kamino). The proposal also validates the thesis that managed vault positions are necessary for LST liquidity depth on Solana.
-
-## Relationship to KB
-- [[sanctum]] - treasury governance decision
-- [[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]] - mechanism used
-- [[futardio]] - platform

inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md

@@ -11,9 +11,9 @@ 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"]
+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", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Sanctum treasury governance proposal using Autocrat v0.3. Primary extraction is decision_market entity with enrichments showing futarchy extending into operational treasury management. No novel claims - the mechanism insights are already captured in existing MetaDAO claims. Created new Kamino entity as it's a significant protocol partner with >95% market share in LST liquidity management."
+extraction_notes: "Futarchy governance proposal for operational treasury deployment. Primary output is decision_market entity. No novel claims - this is a standard liquidity incentive proposal using established mechanisms. Enriches existing futarchy implementation claims with operational example. INF performance data and Kamino vault dominance are facts, not arguable claims."
 ---
 
 ## Proposal Details
@@ -83,9 +83,8 @@ Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
 
 
 ## Key Facts
-- INF slightly underperforms best available LST but outperforms mSOL and jitoSOL (2025-03-05)
-- Kamino vaults manage >95% of xSOL-SOL liquidity on Solana AMMs (2025-03-05)
-- INF-SOL Kamino vault historically outperformed 100% INF HODL strategy (2025-03-05)
-- Industry standard for LP incentives is 15% combined APY (fees + incentives) (2025-03-05)
-- Sanctum CLOUD-003 proposal account: 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
-- Sanctum DAO account: 5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR
+- INF outperforms mSOL and jitoSOL but slightly underperforms the best available LST on Solana (2025-03-05)
+- INF-SOL Kamino vault has outperformed 100% INF HODL strategy due to high capital velocity (2025-03-05)
+- >95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults (2025-03-05)
+- Industry standard for LP incentives is 15% combined (fees + incentives) annual yield (2025-03-05)
+- Sanctum proposal targets $2.5M TVL cap with incentives expected to last 6+ months at that level (2025-03-05)