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Author SHA1 Message Date
Teleo Agents
c46d9fb853 auto-fix: strip 4 broken wiki links
Pipeline auto-fixer: removed [[ ]] brackets from links
that don't resolve to existing claims in the knowledge base.
2026-03-16 15:29:48 +00:00
Teleo Agents
1ec5687151 extract: 2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content
Pentagon-Agent: Ganymede <F99EBFA6-547B-4096-BEEA-1D59C3E4028A>
2026-03-16 15:28:57 +00:00
Teleo Agents
0a63d4efe5 entity-batch: update 1 entities
- Applied 1 entity operations from queue
- Files: entities/internet-finance/metadao.md

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
2026-03-16 15:28:49 +00:00
4 changed files with 33 additions and 5 deletions

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@ -29,10 +29,16 @@ This claim extends futarchy-governed-permissionless-launches-require-brand-separ
### Additional Evidence (confirm)
*Source: [[2026-03-05-futardio-launch-phonon-studio-ai]] | Added: 2026-03-16*
*Source: 2026-03-05-futardio-launch-phonon-studio-ai | Added: 2026-03-16*
Phonon Studio AI raised $88,888 target but ended in 'Refunding' status within one day (launched 2026-03-05, closed 2026-03-06). The project had live product traction (1000+ songs generated in first week, functional tokenized AI artist logic) but still failed to attract capital, suggesting futarchy-governed launches face quality perception issues even when projects demonstrate real product-market validation.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
Futardio proposal explicitly lists reputational risk as a key concern: 'Makes futarchy look less serious' and 'May make it harder to sell DeFi DAOs / non-crypto organizations' and 'May make it harder to recruit contributors.' MetaDAO put this tradeoff to a futarchy vote, which failed, suggesting the market agreed the reputational cost exceeded the adoption benefit.
---
Relevant Notes:

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@ -30,10 +30,16 @@ This claim complements [[coin price is the fairest objective function for asset
### Additional Evidence (confirm)
*Source: [[2024-08-14-futardio-proposal-develop-memecoin-launchpad]] | Added: 2026-03-15*
*Source: 2024-08-14-futardio-proposal-develop-memecoin-launchpad | Added: 2026-03-15*
MetaDAO's Futardio proposal explicitly states: 'One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."' This provides direct confirmation from MetaDAO itself that memecoins eliminate the temporal tradeoff problem that complicates futarchy in other contexts.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
MetaDAO's futardio proposal explicitly identifies memecoins as ideal futarchy use case: 'memecoin holders only want the price of the token to increase. There's no question of maybe the market knows what's the best short-term action, but not the best long-term action.' This confirms the single-objective-function thesis with direct practitioner reasoning.
---
Relevant Notes:

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@ -58,14 +58,16 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool
- **2025-01-27** — [[metadao-otc-trade-theia-2]] proposed: Theia offers $500K for 370.370 META at 14% premium with 12-month vesting
- **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC
- **2023-11-18**[[metadao-develop-lst-vote-market]] proposed: first product development proposal requesting 3,000 META to build Votium-style validator bribe platform for MNDE/mSOL holders
- **2023-11-29**[[metadao-develop-lst-vote-market]] passed: approved LST Vote Market development with projected $10.5M enterprise value addition
- **2023-11-18** — metadao-develop-lst-vote-market proposed: first product development proposal requesting 3,000 META to build Votium-style validator bribe platform for MNDE/mSOL holders
- **2023-11-29** — metadao-develop-lst-vote-market passed: approved LST Vote Market development with projected $10.5M enterprise value addition
- **2023-12-03** — Proposed Autocrat v0.1 migration with configurable proposal slots and 3-day default duration
- **2023-12-13** — Completed Autocrat v0.1 migration, moving 990,000 META, 10,025 USDC, and 5.5 SOL to new program despite unverifiable build
- **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG)
- **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget
- **2024-08-31** — Passed proposal to enter services agreement with Organization Technology LLC, creating US entity vehicle for paying contributors with $1.378M annualized burn rate. Entity owns no IP (all owned by MetaDAO LLC) and cannot encumber MetaDAO LLC. Agreement cancellable with 30-day notice or immediately for material breach.
- **2024-03-19** — Colosseum proposes $250,000 OTC acquisition of META with TWAP-based pricing (market price up to $850, voided above $1,200), 20% immediate unlock and 80% 12-month linear vest. Proposal passed 2024-03-24. Includes commitment to sponsor DAO track ($50-80K prize pool) in next Solana hackathon after Renaissance at no cost to MetaDAO.
- **2024-03-19** — Colosseum proposes $250,000 OTC acquisition of META tokens at market-determined pricing (TWAP if below $850, capped at $850 if below $1,200)
- **2024-03-24** — Colosseum OTC proposal passes and completes, establishing strategic partnership including MetaDAO sponsorship of next Solana hackathon DAO track ($50k-$80k prize pool)
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJ
date: 2024-08-28
domain: internet-finance
format: data
status: unprocessed
status: enrichment
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-16
enrichments_applied: ["memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity.md", "futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -352,3 +356,13 @@ This would all be left to the discretion of the team building it, but they would
- Autocrat version: 0.3
- Completed: 2024-09-01
- Ended: 2024-09-01
## Key Facts
- Futardio proposal created 2024-08-28, failed 2024-09-01
- Proposed $100k grant paid over 6 months for development
- Points system would convert to $FUTA token within 180 days
- Revenue would flow to vault claimable by FUTA holders
- Platform would be immutable and deployed on IPFS or Arweave
- Target launch was Q3 2024
- Nallok and Proph3t would support team but not be core team