rio: extract from 2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md

- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>

domains/internet-finance/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

@@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
 
 (challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams.
 
+
+### Additional Evidence (extend)
+*Source: [[2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
+
+The Meta-PoW proposal demonstrates MetaDAO's expansion beyond simple fundraising into complex economic mechanism design. COAL's treasury protocol implements a multi-token system (COAL, ORE, INGOT, WOOD) with dynamic pricing (c(y) license function), decay mechanics (4% daily tool degradation), and deterministic treasury accumulation (μ ORE per INGOT smelted). The proposal passed through futarchy governance with community discussion on Discord, showing the platform can coordinate sophisticated protocol upgrades, not just binary funding decisions. This represents MetaDAO projects using the platform for ongoing governance of live economic systems, not just initial capital formation.
+
 ---
 
 Relevant Notes:

domains/internet-finance/dynamic-license-fees-create-price-responsive-supply-throttle-in-token-mining-systems.md

@@ -0,0 +1,33 @@
+---
+type: claim
+domain: internet-finance
+description: "COAL's c(y) license function automatically scales mining tool creation costs with COAL/ORE price ratio, creating self-regulating supply without governance intervention"
+confidence: experimental
+source: "futard.io, Meta-PoW: The ORE Treasury Protocol proposal, 2025-11-07"
+created: 2026-03-11
+---
+
+# Dynamic license fees create price-responsive supply throttle in token mining systems
+
+The Meta-PoW license mechanism implements a cubic price function c(y) = c0 * (y / y_ref)^3 where y = P_ORE / P_COAL, creating automatic supply adjustment without requiring governance votes or manual intervention. When COAL strengthens relative to ORE (y decreases), the license cost falls, making pickaxe crafting economically viable for more participants. This increases mining activity, INGOT demand, and ORE treasury inflow. When COAL weakens (y increases), license costs rise, throttling new tool creation and reducing system load.
+
+The cubic exponent (p = 3) creates strong sensitivity to price changes while the clamp bounds (c_min = 1, c_max = 300) prevent extreme values. With baseline c0 = 200 COAL and y_ref = 50, the function spans a 300x range across realistic price scenarios. The license is paid in COAL and burned, not sent to the treasury, making it a pure control parameter rather than a revenue mechanism.
+
+This differs from fixed emission schedules or governance-adjusted difficulty because the throttle responds continuously to market signals rather than predetermined curves or discretionary decisions. The EMA-smoothed TWAP for y prevents manipulation through short-term price spikes.
+
+## Evidence
+- License function: c(y) = c0 * (y / y_ref)^p, clamped between c_min and c_max
+- Suggested defaults: c0 = 200 COAL, y_ref = 50, p = 3, c_min = 1, c_max = 300
+- Behavior: "When COAL is strong relative to ORE (y low): c(y) decreases, More picks are economically viable, More smelting and more ORE flows into the treasury"
+- Control vs revenue: "The license is paid in COAL only. That COAL is burned, not sent to the treasury. It is a control parameter, not a revenue stream."
+- Price source: "y = P_ORE / P_COAL using an EMA-smoothed TWAP"
+
+---
+
+Relevant Notes:
+- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]]
+- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles]]
+
+Topics:
+- [[domains/internet-finance/_map]]
+- [[core/mechanisms/_map]]

domains/internet-finance/evergreen-tool-design-with-repair-cheaper-than-replacement-creates-sustained-demand-for-consumables.md

@@ -0,0 +1,33 @@
+---
+type: claim
+domain: internet-finance
+description: "Meta-PoW's 4-percent daily decay with cumulative repair costs makes tool maintenance economically rational over abandonment, ensuring continuous INGOT consumption"
+confidence: experimental
+source: "futard.io, Meta-PoW: The ORE Treasury Protocol proposal, 2025-11-07"
+created: 2026-03-11
+---
+
+# Evergreen tool design with repair cheaper than replacement creates sustained demand for consumables
+
+Meta-PoW implements a decay-and-repair system where pickaxes lose 4% of their power daily if not maintained, but can always be restored by paying accumulated repair costs (INGOT + WOOD for each missed day). The daily repair cost (~0.082643 INGOT + 0.3 WOOD) is calibrated to be cheaper than crafting a new pickaxe (1 INGOT + 8 WOOD + c(y) COAL license), making maintenance the economically rational choice for any tool that has been used.
+
+This creates fundamentally different demand dynamics than consumable tools or durability systems with permanent breakage. Instead of boom-bust cycles where users craft tools, use them until they break, then decide whether to re-enter, evergreen tools create continuous baseline demand. Once a pickaxe enters circulation, it generates ~0.083 INGOT of demand per day indefinitely, as long as mining remains profitable.
+
+The 4% decay rate is slow enough that missing a few days doesn't destroy value, but fast enough that extended abandonment significantly reduces tool power. This allows players to pause participation without losing their capital investment, while still creating economic pressure to maintain active tools. The cumulative repair cost for restoration means that tools left idle for extended periods require larger one-time payments to reactivate, creating a soft penalty for abandonment without permanent destruction.
+
+## Evidence
+- Decay mechanics: "If not repaired, p decays by 4% per day: p_next = 0.96 * p"
+- Repair vs recraft: "Repairing is cheaper than constantly recrafting. A fully maintained pick effectively corresponds to about 1 ORE/day of smelt demand into the treasury."
+- Restoration: "If you decide to repair later, you pay the accumulated repair cost (INGOT + WOOD for each missed day) to restore full power"
+- Design intent: "Makes tools evergreen (no permanent break), Keeps a consistent economic choice (repair vs abandon and recraft), Avoids churn and keeps the system state stable"
+- Daily costs: r_ing_total ≈ 0.082643 INGOT + 0.3 WOOD for full repair
+
+---
+
+Relevant Notes:
+- [[meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-fees]]
+- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles]]
+
+Topics:
+- [[domains/internet-finance/_map]]
+- [[core/mechanisms/_map]]

domains/internet-finance/futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md

@@ -34,6 +34,12 @@ 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 (extend)
+*Source: [[2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
+
+The Meta-PoW proposal illustrates the complexity challenge: the full specification includes multi-token interactions (COAL/ORE/INGOT/WOOD), dynamic pricing functions (c(y) with cubic exponent and EMA-smoothed TWAP), decay mechanics (4% daily with cumulative repair), and calibration targets (μ ≈ 12.10 ORE per INGOT, r_ing_total ≈ 0.082643). The proposal explicitly notes 'this proposal allows parameters to be slightly adjusted by the core team before launch, upon feedback from the community,' suggesting that even after futarchy approval, the technical complexity requires expert implementation discretion. This demonstrates that futarchy can approve directional decisions on complex mechanisms, but the cognitive load of evaluating multi-parameter economic systems may limit pure market-based governance.
+
 ---
 
 Relevant Notes:

domains/internet-finance/meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-fees.md

@@ -0,0 +1,31 @@
+---
+type: claim
+domain: internet-finance
+description: "COAL's Meta-PoW model channels ORE into treasury through mandatory smelting fees paid when creating INGOT, the crafting material for mining tools"
+confidence: experimental
+source: "futard.io, Meta-PoW: The ORE Treasury Protocol proposal, 2025-11-07"
+created: 2026-03-11
+---
+
+# Meta-PoW creates deterministic ORE treasury accumulation through INGOT smelting fees
+
+The Meta-PoW protocol establishes a mechanical loop where all ORE inflow to the COAL treasury occurs at a single point: INGOT smelting. To smelt 1 INGOT, users must burn 100 COAL and pay μ ORE (currently calibrated at ~12.10 ORE) directly to the treasury. Since INGOT is required for both crafting and repairing pickaxes (the mining tools that access COAL emissions), and pickaxes are designed to be cheaper to repair than recraft, the system creates sustained INGOT demand that translates to continuous ORE accumulation.
+
+The calibration targets approximately 1 ORE per day of treasury inflow per fully maintained pickaxe, with daily repair costs set at ~0.082643 INGOT. This creates a deterministic relationship between active mining participation and treasury growth, unlike discretionary fee models where revenue depends on voluntary transactions.
+
+The evergreen tool design reinforces this: pickaxes decay at 4% per day if not repaired, but can always be restored by paying accumulated repair costs. This makes abandonment economically irrational compared to maintenance, ensuring that once pickaxes enter circulation, they generate sustained INGOT demand rather than one-time crafting spikes.
+
+## Evidence
+- Smelting is the only point where ORE enters the system: "ORE enters only at smelt. No ORE is charged at craft or repair."
+- Current calibration: μ ≈ 12.10 ORE per INGOT, with r_ing_total ≈ 0.082643 INGOT per day for full repair
+- Design target: "A fully maintained pick effectively corresponds to about 1 ORE/day of smelt demand into the treasury"
+- Evergreen mechanics: "Tools are evergreen and cheaper to repair than to recraft, so players maintain their gear instead of churning it"
+
+---
+
+Relevant Notes:
+- [[ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests]]
+
+Topics:
+- [[domains/internet-finance/_map]]
+- [[core/mechanisms/_map]]

entities/internet-finance/coal-meta-pow-the-ore-treasury-protocol.md

@@ -1,50 +0,0 @@
----
-type: entity
-entity_type: decision_market
-name: "COAL: Meta-PoW: The ORE Treasury Protocol"
-domain: internet-finance
-status: passed
-parent_entity: "[[coal]]"
-platform: "futardio"
-proposer: "futard.io"
-proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
-proposal_date: 2025-11-07
-resolution_date: 2025-11-10
-category: "mechanism"
-summary: "Introduces Meta-PoW economic model moving mining power into pickaxes and establishing deterministic ORE treasury accumulation through INGOT smelting"
-tracked_by: rio
-created: 2026-03-11
----
-
-# COAL: Meta-PoW: The ORE Treasury Protocol
-
-## Summary
-The Meta-PoW proposal establishes a new economic model for COAL that creates a mechanical loop accumulating ORE in the treasury. The system moves mining power into pickaxes (tools), makes INGOT the universal crafting input, and forces all INGOT creation through smelting that burns COAL and pays ORE to the treasury. A dynamic license fee c(y) based on the COAL/ORE price ratio acts as an automatic supply throttle.
-
-## Market Data
-- **Outcome:** Passed
-- **Proposer:** futard.io
-- **Created:** 2025-11-07
-- **Completed:** 2025-11-10
-- **Proposal Account:** G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
-
-## Mechanism Design
-The protocol introduces four tokens (COAL, ORE, INGOT, WOOD) with specific roles:
-- **COAL:** Mineable with 25M max supply, halving-band emissions, burned for smelting and licenses
-- **ORE:** External hard asset, paid only at smelting, 100% goes to COAL treasury
-- **INGOT:** Crafting unit, minted only by burning 100 COAL + paying μ ORE (~12.10 ORE)
-- **WOOD:** Tool maintenance input, produced by axes
-
-Pickaxes gate access to COAL emissions and require 1 INGOT + 8 WOOD + c(y) COAL license to craft. Tools are evergreen with 4% daily decay if not repaired. Daily repair costs 0.082643 INGOT + 0.3 WOOD, calibrated so maintaining a pick is cheaper than recrafting and drives ~1 ORE/day to treasury.
-
-The dynamic license c(y) = c0 * (y / y_ref)^p (with c0=200, y_ref=50, p=3, clamped 1-300) creates countercyclical supply response: when COAL strengthens, license cost falls and more picks come online; when COAL weakens, license cost rises and crafting slows.
-
-## Significance
-This proposal demonstrates sophisticated economic mechanism design governed through futarchy. Rather than simple parameter adjustments, Meta-PoW introduces a multi-token system with algorithmic supply controls, deterministic treasury accumulation, and automatic market-responsive throttling. The design creates structural coupling between mining activity and treasury inflow without relying on transaction fees or arbitrary tax rates.
-
-The proposal also shows MetaDAO's evolution from fundraising platform to complex protocol economics coordinator. The level of economic calibration (specific INGOT costs, repair rates, license formulas) would be difficult to achieve through traditional governance.
-
-## Relationship to KB
-- [[coal]] - parent entity, economic model redesign
-- [[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]] - governance platform
-- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism design pattern

entities/internet-finance/coal-meta-pow-treasury-protocol.md

@@ -0,0 +1,43 @@
+---
+type: entity
+entity_type: decision_market
+name: "COAL: Meta-PoW Treasury Protocol"
+domain: internet-finance
+status: passed
+parent_entity: "[[futardio]]"
+platform: "futardio"
+proposer: "coal project"
+proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
+proposal_date: 2025-11-07
+resolution_date: 2025-11-10
+category: "mechanism"
+summary: "Implements Meta-PoW economic model with deterministic ORE treasury accumulation through INGOT smelting fees and dynamic license-based supply throttle"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# COAL: Meta-PoW Treasury Protocol
+
+## Summary
+The Meta-PoW proposal establishes a multi-token economic system for COAL that accumulates ORE in the treasury through mandatory smelting fees. Players burn COAL and pay ORE to create INGOT, which is required for crafting and repairing pickaxes (mining tools). The system includes a dynamic license fee c(y) that scales with COAL/ORE price ratio, creating automatic supply throttling without governance intervention. Tools are evergreen with 4% daily decay and cumulative repair costs, making maintenance cheaper than replacement and ensuring sustained INGOT demand.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** coal project
+- **Proposal Account:** G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
+- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
+- **Completed:** 2025-11-10
+
+## Mechanism Design
+- **Treasury Accumulation:** μ ORE per INGOT (calibrated at ~12.10 ORE), paid only at smelting
+- **Dynamic License:** c(y) = c0 * (y / y_ref)^3, where y = P_ORE / P_COAL (defaults: c0=200, y_ref=50, p=3)
+- **Tool Economics:** Daily repair ~0.082643 INGOT + 0.3 WOOD, 4% decay if skipped
+- **Target:** ~1 ORE/day treasury inflow per fully maintained pickaxe
+
+## Significance
+This proposal demonstrates futarchy governance of complex economic mechanisms beyond simple funding decisions. The multi-token system with dynamic pricing, decay mechanics, and deterministic treasury flows represents sophisticated protocol design coordinated through conditional markets. The proposal explicitly allows core team parameter adjustment based on community feedback, showing the boundary between futarchy approval and technical implementation.
+
+## Relationship to KB
+- [[futardio]] - governance decision
+- [[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]]
+- [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles]]

entities/internet-finance/futardio.md

@@ -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
-- **2025-11-07** — COAL project launches [[coal-meta-pow-the-ore-treasury-protocol]] proposal on Futardio, demonstrating platform's capacity for complex multi-token economic mechanism governance
+- **2025-11-07** — [[coal-meta-pow-treasury-protocol]] passed: Implemented Meta-PoW economic model with deterministic ORE treasury accumulation through INGOT smelting fees and dynamic c(y) license throttle
 ## 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."

inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md

@@ -11,9 +11,10 @@ tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
 processed_by: rio
 processed_date: 2026-03-11
-enrichments_applied: ["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", "dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution.md"]
+claims_extracted: ["meta-pow-creates-deterministic-ore-treasury-accumulation-through-ingot-smelting-fees.md", "dynamic-license-fees-create-price-responsive-supply-throttle-in-token-mining-systems.md", "evergreen-tool-design-with-repair-cheaper-than-replacement-creates-sustained-demand-for-consumables.md"]
+enrichments_applied: ["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: "Extracted two mechanism design claims about deterministic treasury accumulation and dynamic license throttling. Created decision_market entity for the Meta-PoW proposal. Enriched existing claims about MetaDAO's capabilities and dynamic emission mechanisms. Source contains detailed economic calibration parameters preserved as key_facts. Note: COAL entity file does not exist in the provided index, so created timeline entries assuming it will be created or already exists outside the provided index."
+extraction_notes: "Extracted 3 mechanism design claims about deterministic treasury accumulation, dynamic supply throttling, and evergreen tool economics. Created decision_market entity for the Meta-PoW proposal. Enriched existing MetaDAO and futarchy friction claims with evidence of complex mechanism governance. Source contains detailed technical specification with governance-tunable parameters."
 ---
 
 ## Proposal Details
@@ -273,14 +274,11 @@ Vote NO – keep the current model unchanged.
 
 
 ## Key Facts
-- COAL max supply: 25,000,000 tokens
-- COAL halving bands: every 5% of max supply (1,250,000 COAL)
-- Initial daily emissions: 11,250 COAL/day
-- INGOT smelting cost: 100 COAL + ~12.10 ORE
-- Pickaxe crafting cost: 1 INGOT + 8 WOOD + c(y) COAL license
-- Daily repair cost: 0.082643 INGOT + 0.3 WOOD
-- Tool decay rate: 4% per day if not repaired
-- License formula: c(y) = 200 * (y/50)^3, clamped [1, 300]
+- COAL max supply: 25,000,000 tokens with halving bands every 5% of supply (1,250,000 COAL)
+- Initial daily emissions: R_0 = 11,250 COAL/day
+- INGOT smelting cost: 100 COAL burned + μ ORE to treasury (μ ≈ 12.10 ORE)
+- Pickaxe crafting: 1 INGOT + 8 WOOD + c(y) COAL license
+- Axe crafting: 1 INGOT + 6 WOOD, produces w0 WOOD/day (3-5 range)
 - Proposal account: G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
 - DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
-- Proposer: HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
+- Autocrat version: 0.3