Compare commits

..

1 commit

Author SHA1 Message Date
Teleo Agents
b1919ddc04 rio: extract from 2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md
- Source: inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 10:51:31 +00:00
3 changed files with 27 additions and 24 deletions

View file

@ -11,7 +11,7 @@ proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69Pz
proposal_date: 2024-03-26
resolution_date: 2024-03-31
category: "strategy"
summary: "Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor management for three months to accelerate decision-making."
summary: "Appointed Proph3t and Nallok as interim leaders with authority over compensation, operations, and business decisions for three months to accelerate execution."
tracked_by: rio
created: 2026-03-11
---
@ -19,35 +19,40 @@ created: 2026-03-11
# MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months
## Summary
This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to accelerate MetaDAO's execution speed. The proposal allocated 1,015 META and 100,000 USDC to cover four months of retroactive compensation (December 2023 - March 2024) and three months of forward-looking compensation (April - June 2024), averaging 145 META and $14,000 per month.
This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to accelerate MetaDAO's execution speed and handle business operations outside the slow proposal process. The proposal requested 1,015 META and 100,000 USDC for retroactive compensation (December-March) and forward-looking compensation (April-June).
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Proposal Number:** 14
- **Completed:** 2024-03-31
- **Autocrat Version:** 0.1
## Authority Granted
The BDF3M role included:
- Retroactive compensation for all contributions prior to the proposal
- Managing ongoing business operations including off-chain proposal process, project management, and expenses
- Retroactive compensation for all prior MetaDAO contributions
- Managing ongoing business operations and project management
- Steering the off-chain proposal process and compensating proposers
- Handling expenses and operational requirements
- Improving security and efficacy of the core futarchy mechanism
- Compensation for current contributors including incentive-based components
- Authority to make exceptional use grants for MetaDAO's code licenses
- Monthly community updates
- Providing monthly community updates
- Making exceptional use grants for MetaDAO's code licenses
## Compensation Structure
- Average 145 META and $14,000 per month per person
- Funds distributed from multisigs rather than DAO treasury directly
- META likely issued in 5-year locked form
## OKRs
- Execute faster: Complete 10 GitHub issues per week
- Handle retroactive compensation within 1 week of passing
- Perform operations compensation for April-June 2024
- Handle retroactive compensation within 1 week of passage
- Oversee creation of new landing page
- Perform operations compensation for April-June 2024
## Significance
This proposal represented a critical governance transition for MetaDAO, acknowledging that the futarchy proposal process was "too slow and costly" for operational decisions at that stage. The proposers estimated that failure would decrease MetaDAO's probability of success by more than 20%, framing it as an existential decision. The META tokens were likely issued in 5-year locked form, and funding came from multisigs rather than directly from the DAO treasury for technical reasons.
This proposal represented a critical governance transition where MetaDAO acknowledged that pure futarchy was too slow for operational decisions at its current stage. The proposal itself stated that failure would decrease MetaDAO's probability of success by more than 20%, indicating high perceived stakes. The temporary shift to benevolent dictatorship created a hybrid governance model where strategic decisions remained futarchic while operational execution became centralized.
## Relationship to KB
- [[metadao]] - governance decision establishing interim leadership structure
- [[proph3t]] - appointed as co-leader
- [[nallok]] - appointed as co-leader
- [[futardio]] - platform where proposal was executed
- [[metadao]] - governance structure evolution
- [[proph3t]] - appointed leader
- [[nallok]] - appointed leader
- [[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]] - the mechanism this proposal temporarily bypassed for operational decisions

View file

@ -54,7 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2026-03** — Pine Analytics Q4 2025 quarterly report published
- **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
- **2024-03-26** — [[metadao-appoint-nallok-proph3t-benevolent-dictators]] passed: Appointed Proph3t and Nallok as Benevolent Dictators for 3 months with 1,015 META and 100,000 USDC for retroactive and forward compensation
- **2024-03-26** — [[metadao-appoint-nallok-proph3t-benevolent-dictators]] passed: Appointed Proph3t and Nallok as Benevolent Dictators for 3 months with 1,015 META and 100,000 USDC compensation to accelerate execution
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

View file

@ -12,7 +12,7 @@ event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Governance proposal establishing interim leadership structure. No novel claims about futarchy mechanisms - this is operational/organizational data. Created decision_market entity and updated parent MetaDAO timeline."
extraction_notes: "This is a governance decision entity (decision_market type). No novel claims about futarchy mechanisms - the proposal is significant as a data point showing MetaDAO's hybrid governance evolution (futarchy for strategy, centralized execution for operations), but this pattern is already captured in existing claims about futarchy adoption friction and implementation challenges. The entity file documents the specific governance transition event."
---
## Proposal Details
@ -95,10 +95,8 @@ Although we make no hard commitments, the META would likely be issued in 5-year
## Key Facts
- MetaDAO proposal 14 allocated 1,015 META and 100,000 USDC for 7 months total compensation (2024-03-26)
- Proposal passed and completed 2024-03-31
- BDF3M term ran from proposal finalization through June 30, 2024
- Proposers estimated failure would decrease MetaDAO success probability by >20%
- Compensation averaged 145 META and $14,000 per month
- Funding came from multisigs rather than DAO treasury for technical reasons
- META likely issued in 5-year locked form
- MetaDAO proposal 14 requested 1,015 META and 100,000 USDC for 7 months total compensation (4 retroactive, 3 forward)
- Proposal stated failure would decrease MetaDAO success probability by >20%
- BDF3M term ran from proposal finalization to June 30, 2024
- Target execution speed: 10 GitHub issues per week
- Compensation averaged 145 META and $14,000 per month per person