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@ -1,21 +0,0 @@
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---
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type: entity
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entity_type: company
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name: "BlazeStake"
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domain: internet-finance
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status: active
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tracked_by: rio
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created: 2026-03-11
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---
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# BlazeStake
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## Overview
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BlazeStake is a Solana liquid staking protocol. BlazeStake participated as a funding partner in the MetaDAO Saber vote market consortium, contributing to the $150,000 total funding commitment.
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## Timeline
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- **2023-12-16** — Joined $150k consortium to fund Saber vote market development alongside UXD, LP Finance, and Saber
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## Relationship to KB
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- [[metadao-develop-saber-vote-market]] - consortium funding partner
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- Part of Solana DeFi ecosystem
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@ -1,22 +0,0 @@
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---
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||||
type: entity
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||||
entity_type: person
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name: "c2yptic"
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domain: internet-finance
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status: active
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affiliation: "Saber"
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tracked_by: rio
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created: 2026-03-11
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---
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# c2yptic
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## Overview
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c2yptic is a core contributor to Saber protocol who initiated the partnership between Saber and MetaDAO for vote market infrastructure development. Described as "really excited about the Meta-DAO's vision," c2yptic proposed that MetaDAO build Saber's planned vote market rather than Saber developing it internally.
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## Timeline
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- **2023-12-16** — Proposed MetaDAO build Saber vote market, leading to Proposal 2 and $150k consortium funding commitment
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## Relationship to KB
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||||
- [[saber]] - protocol affiliation
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- [[metadao-develop-saber-vote-market]] - partnership initiation
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@ -1,22 +0,0 @@
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|||
---
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||||
type: entity
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||||
entity_type: person
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||||
name: "Durden (durdenwannabe)"
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domain: internet-finance
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||||
status: active
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||||
affiliation: "MetaDAO"
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tracked_by: rio
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created: 2026-03-11
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---
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# Durden
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## Overview
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Durden (Twitter: @durdenwannabe) is a platform designer and tokenomics specialist who has contributed to MetaDAO infrastructure projects. Committed to design work on the Saber vote market platform for $7,000.
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## Timeline
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- **2023-12-16** — Committed to design platform and tokenomics for Saber vote market (MetaDAO Proposal 2)
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|
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## Relationship to KB
|
||||
- [[metadao]] - contributor
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- [[metadao-develop-saber-vote-market]] - platform design role
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@ -1,22 +0,0 @@
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|||
---
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||||
type: entity
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||||
entity_type: person
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||||
name: "Joe (joebuild)"
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domain: internet-finance
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||||
status: active
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||||
affiliation: "MetaDAO"
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||||
tracked_by: rio
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created: 2026-03-11
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---
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||||
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# Joe (joebuild)
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## Overview
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Joe (Twitter: @joebuild) is a security auditor who has contributed to MetaDAO infrastructure projects. Committed to audit the Saber vote market smart contracts for $5,000.
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## Timeline
|
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- **2023-12-16** — Committed to audit smart contracts for Saber vote market (MetaDAO Proposal 2)
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|
||||
## Relationship to KB
|
||||
- [[metadao]] - contributor
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- [[metadao-develop-saber-vote-market]] - security audit role
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@ -1,21 +0,0 @@
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|||
---
|
||||
type: entity
|
||||
entity_type: company
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||||
name: "LP Finance"
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||||
domain: internet-finance
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||||
status: active
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||||
tracked_by: rio
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||||
created: 2026-03-11
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---
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# LP Finance
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## Overview
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LP Finance is a Solana DeFi protocol focused on liquidity provision optimization. LP Finance participated as a funding partner in the MetaDAO Saber vote market consortium, contributing to the $150,000 total funding commitment.
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## Timeline
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||||
- **2023-12-16** — Joined $150k consortium to fund Saber vote market development alongside UXD, BlazeStake, and Saber
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|
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## Relationship to KB
|
||||
- [[metadao-develop-saber-vote-market]] - consortium funding partner
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- Part of Solana DeFi ecosystem
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@ -1,22 +0,0 @@
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|||
---
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||||
type: entity
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||||
entity_type: person
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||||
name: "Marie (swagy_marie)"
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domain: internet-finance
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||||
status: active
|
||||
affiliation: "MetaDAO"
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||||
tracked_by: rio
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created: 2026-03-11
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---
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||||
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# Marie (swagy_marie)
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## Overview
|
||||
Marie (Twitter: @swagy_marie) is a UI/UX developer who has contributed to MetaDAO infrastructure projects. Committed to build the user interface for the Saber vote market platform for $12,000.
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||||
## Timeline
|
||||
- **2023-12-16** — Committed to build UI/UX for Saber vote market (MetaDAO Proposal 2)
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||||
|
||||
## Relationship to KB
|
||||
- [[metadao]] - contributor
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||||
- [[metadao-develop-saber-vote-market]] - UI development role
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@ -1,22 +0,0 @@
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|||
---
|
||||
type: entity
|
||||
entity_type: person
|
||||
name: "Matt (fzzyyti)"
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||||
domain: internet-finance
|
||||
status: active
|
||||
affiliation: "MetaDAO"
|
||||
tracked_by: rio
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||||
created: 2026-03-11
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||||
---
|
||||
|
||||
# Matt (fzzyyti)
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||||
## Overview
|
||||
Matt (Twitter: @fzzyyti) is a smart contract developer who has contributed to MetaDAO infrastructure projects. Committed to build the Solana programs for the Saber vote market platform for $24,000.
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|
||||
## Timeline
|
||||
- **2023-12-16** — Committed to build smart contracts for Saber vote market (MetaDAO Proposal 2)
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|
||||
## Relationship to KB
|
||||
- [[metadao]] - contributor
|
||||
- [[metadao-develop-saber-vote-market]] - smart contract development role
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@ -11,7 +11,7 @@ proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZH
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proposal_date: 2023-12-16
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resolution_date: 2023-12-22
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category: "strategy"
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summary: "Proposal to build vote market infrastructure for Saber protocol funded by $150k consortium"
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summary: "Proposal to build a Saber vote market funded by $150k consortium, with MetaDAO owning majority and earning revenue from vote trading fees"
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tracked_by: rio
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||||
created: 2026-03-11
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||||
---
|
||||
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@ -19,45 +19,48 @@ created: 2026-03-11
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# MetaDAO: Develop a Saber Vote Market?
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||||
## Summary
|
||||
Proposal 2 requested MetaDAO build a vote market platform for Saber protocol, funded by $150,000 from ecosystem partners (UXD, BlazeStake, LP Finance, Saber). The platform would enable veSBR holders to earn yield by selling votes while projects could efficiently purchase liquidity. MetaDAO would own majority stake and earn 5-15% take rate on vote trade volume. This represented MetaDAO's pivot from pure governance platform to revenue-generating infrastructure provider.
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||||
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.
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||||
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||||
## Market Data
|
||||
- **Outcome:** Passed
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||||
- **Proposer:** Proph3t (metaproph3t)
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||||
- **Proposal Account:** GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
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||||
- **DAO Account:** 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
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||||
- **Completed:** 2023-12-22
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||||
- **Autocrat Version:** 0.1
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||||
- **Funding:** $150,000 consortium (UXD, BlazeStake, LP Finance, Saber)
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||||
|
||||
## Financial Structure
|
||||
- **Total Funding:** $150,000 from consortium
|
||||
- **Development Budget:** $62,000
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||||
- **Treasury Allocation:** $90,000 for operations/maintenance
|
||||
- Smart contracts (Matt/fzzyyti): $24,000
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||||
- UI/UX (Marie): $12,000
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||||
- Platform design (Durden): $7,000
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||||
- Program management (Proph3t): $7,000
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||||
- Audits (r0bre, joe): $10,000 combined
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||||
- Deployment/misc: $2,000
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||||
- **Treasury Reserve:** $88,000 for operations and maintenance
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||||
- **Revenue Model:** 5-15% take rate on vote trades
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||||
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||||
## Financial Model
|
||||
- **Revenue Model:** 5-15% take rate on vote trade volume
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||||
- **Volume Estimate:** $1 yearly vote trade per $50 Saber TVL (based on Curve/Aura comparables)
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||||
- **Saber TVL (Dec 2023):** $20M
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- **Projected Annual Volume:** ~$400k at baseline
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||||
- **MetaDAO Ownership:** 65% (after 10% liquidity mining allocation)
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||||
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||||
## Development Team
|
||||
- Matt/fzzyyti: Smart contracts ($24k)
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- Marie (swagy_marie): UI/UX ($12k)
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||||
- Durden: Platform design ($7k)
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- Proph3t: Program management ($7k)
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||||
- Joe & r0bre: Security audit ($5k each)
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||||
## 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.
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||||
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||||
## Timeline
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||||
- **Kickoff:** December 11-15, 2023
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||||
- **Development:** December 18 - February 9, 2024 (with holiday break)
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||||
- **Audit:** January 29 - February 2, 2024
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- **Launch Target:** February 19, 2024
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- **Launch:** February 19, 2024
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||||
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||||
## Team
|
||||
- Marie (swagy_marie): UI/UX
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||||
- Matt (fzzyyti): Smart contracts
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||||
- Durden (durdenwannabe): Platform design & tokenomics
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||||
- Joe (joebuild) & r0bre: Contract audits
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||||
- Proph3t (metaproph3t): Program manager
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||||
|
||||
## Significance
|
||||
This proposal marked MetaDAO's strategic evolution from governance-only platform to infrastructure-as-a-service provider. By building revenue-generating products for partner protocols, MetaDAO demonstrated futarchy could govern not just internal decisions but external product development. The consortium funding model showed multi-stakeholder coordination around futarchy infrastructure. The financial projections based on Curve/Votium/Hidden Hand comparables represented first attempt to model vote market economics in Solana DeFi context.
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||||
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||||
## Context
|
||||
Proposal referenced MetaDAO's original Proposal 0 (Marinade vote market) which passed but pivoted when Marinade developed internal solution. Saber partnership emerged when c2yptic approached MetaDAO to build what Saber had planned internally, showing protocol preference for futarchy-governed infrastructure over internal development.
|
||||
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.
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||||
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||||
## Relationship to KB
|
||||
- [[metadao]] - strategic direction decision
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||||
- [[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 implementation
|
||||
- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - adoption dynamics
|
||||
- [[metadao]] - strategic direction toward infrastructure provider
|
||||
- [[futardio]] - platform hosting this proposal
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||||
- [[proph3t]] - proposer and program manager
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||||
- [[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
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||||
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@ -54,8 +54,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
|
|||
- **2026-03** — Pine Analytics Q4 2025 quarterly report published
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||||
|
||||
- **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 infrastructure funded by $150k consortium from UXD, BlazeStake, LP Finance, and Saber
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||||
- **2023-12-22** — [[metadao-develop-saber-vote-market]] passed: Approved development of Saber vote market with 65% MetaDAO ownership and 5-15% take rate on vote trade volume
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||||
- **2023-12-16** — [[metadao-develop-saber-vote-market]] proposed: Build Saber vote market funded by $150k consortium from UXD, BlazeStake, LP Finance, and Saber
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||||
- **2023-12-22** — [[metadao-develop-saber-vote-market]] passed: Approved development of Saber vote market with $62k development budget and $90k treasury reserve
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## Key Decisions
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| Date | Proposal | Proposer | Category | Outcome |
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|------|----------|----------|----------|---------|
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@ -44,3 +44,7 @@ Relevant Entities:
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Topics:
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- [[internet finance and decision markets]]
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## Timeline
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- **2023-12-16** — Proposed [[metadao-develop-saber-vote-market]]: $150k consortium-funded Saber vote market with MetaDAO as majority owner and service provider
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@ -1,22 +0,0 @@
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---
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||||
type: entity
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entity_type: person
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name: "r0bre"
|
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domain: internet-finance
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status: active
|
||||
affiliation: "MetaDAO"
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||||
tracked_by: rio
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||||
created: 2026-03-11
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---
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||||
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# r0bre
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## Overview
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r0bre (Twitter: @r0bre) is a security auditor who has contributed to MetaDAO infrastructure projects. Committed to audit the Saber vote market smart contracts for $5,000.
|
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|
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## Timeline
|
||||
- **2023-12-16** — Committed to audit smart contracts for Saber vote market (MetaDAO Proposal 2)
|
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|
||||
## Relationship to KB
|
||||
- [[metadao]] - contributor
|
||||
- [[metadao-develop-saber-vote-market]] - security audit role
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@ -4,10 +4,12 @@ entity_type: company
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name: "Saber"
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domain: internet-finance
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status: active
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website: "https://saber.so"
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founded: null
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key_people:
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- "c2yptic"
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key_metrics:
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tvl: "$20M (Dec 2023)"
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governance_token: "SBR"
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vote_escrow: "veSBR"
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tvl: "$20M (as of December 2023)"
|
||||
tracked_by: rio
|
||||
created: 2026-03-11
|
||||
---
|
||||
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@ -15,12 +17,11 @@ created: 2026-03-11
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# Saber
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## Overview
|
||||
Saber is a Solana-based automated market maker (AMM) protocol specializing in stablecoin and pegged asset trading. As of December 2023, Saber had $20M in total value locked (TVL). The protocol uses vote-escrowed governance (veSBR) where token holders lock SBR to gain voting power over liquidity gauge emissions.
|
||||
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.
|
||||
|
||||
## Timeline
|
||||
- **2023-12-16** — Partnered with MetaDAO to develop vote market infrastructure, contributing to $150k consortium funding alongside UXD, BlazeStake, and LP Finance
|
||||
- **2023-12-16** — c2yptic (Saber team) proposed MetaDAO build Saber's planned vote market rather than internal development
|
||||
- **2023-12-16** — Partnered with MetaDAO to build vote market infrastructure, contributing to $150k funding consortium alongside UXD, BlazeStake, and LP Finance
|
||||
|
||||
## Relationship to KB
|
||||
- [[metadao-develop-saber-vote-market]] - governance infrastructure partnership
|
||||
- Part of Solana DeFi ecosystem alongside [[jupiter]], [[meteora]], [[raydium]]
|
||||
- [[metadao]] - futarchy infrastructure provider
|
||||
|
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@ -1,22 +0,0 @@
|
|||
---
|
||||
type: entity
|
||||
entity_type: company
|
||||
name: "UXD Protocol"
|
||||
domain: internet-finance
|
||||
status: active
|
||||
tracked_by: rio
|
||||
created: 2026-03-11
|
||||
---
|
||||
|
||||
# UXD Protocol
|
||||
|
||||
## Overview
|
||||
UXD Protocol is a Solana-based decentralized stablecoin protocol. UXD participated as a funding partner in the MetaDAO Saber vote market consortium, contributing to the $150,000 total funding commitment. The protocol also committed to review the smart contracts for the vote market platform.
|
||||
|
||||
## Timeline
|
||||
- **2023-12-16** — Joined $150k consortium to fund Saber vote market development alongside BlazeStake, LP Finance, and Saber
|
||||
- **2023-12-16** — Committed to review smart contracts for Saber vote market platform
|
||||
|
||||
## Relationship to KB
|
||||
- [[metadao-develop-saber-vote-market]] - consortium funding partner
|
||||
- Part of Solana DeFi ecosystem
|
||||
|
|
@ -13,7 +13,7 @@ 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 governance proposal document, not a claim-generating source. Primary output is the decision_market entity for the proposal itself, plus timeline updates for MetaDAO and creation of new entity pages for consortium partners (Saber, UXD, BlazeStake, LP Finance) and development team members. Three enrichments added showing: (1) Autocrat v0.1 operational parameters in production, (2) MetaDAO's business model evolution toward infrastructure-as-a-service, and (3) partnership-driven adoption strategy as friction reduction mechanism. No new claims extracted because the proposal contains operational/financial details rather than novel mechanism insights. The vote market economics modeling (based on Curve/Aura comparables) is interesting but represents application of existing knowledge rather than new theoretical contribution."
|
||||
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."
|
||||
---
|
||||
|
||||
## Proposal Details
|
||||
|
|
@ -209,10 +209,10 @@ For those who are more familiar with bribe terminology, which I prefer not to us
|
|||
|
||||
|
||||
## Key Facts
|
||||
- Saber TVL was $20M as of December 2023
|
||||
- Curve TVL was $2B in late 2023 with $1.25M in bi-weekly vote incentives
|
||||
- Curve had $20B TVL before Luna depeg with $15-20M bi-weekly vote incentives
|
||||
- Aura had $600M TVL in May with $900k bi-weekly vote incentives
|
||||
- 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
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Reference in a new issue