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 2)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/kamino.md

@@ -1,21 +0,0 @@
----
-type: entity
-entity_type: company
-name: Kamino
-domain: internet-finance
-status: active
-tracked_by: rio
-created: 2026-03-11
----
-
-# Kamino
-
-Kamino is a Solana DeFi protocol providing managed liquidity vaults that automatically rebalance concentrated liquidity positions. The platform dominates xSOL-SOL liquidity provision, with >95% of existing LST-SOL liquidity on Solana AMMs coming from Kamino managed vaults, demonstrating that users prefer third-party position management over manual liquidity provision.
-
-## Timeline
-- **2025-03-05** — Sanctum proposes deploying 2.5M CLOUD to incentivize INF-SOL liquidity via Kamino vaults, citing Kamino's dominance in managed LST liquidity
-- **2025-03-08** — Sanctum's proposal passes, directing liquidity incentives through Kamino's vault infrastructure
-
-## Relationship to KB
-- [[sanctum]] - liquidity infrastructure partner
-- [[sanctum-incentivise-inf-sol-liquidity]] - governance decision routing incentives through Kamino vaults

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

@@ -6,13 +6,12 @@ domain: internet-finance
 status: passed
 parent_entity: "[[sanctum]]"
 platform: "futardio"
+proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
 proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
-proposal_account: "6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
-proposal_number: 4
 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 APY dropping to 15%"
+summary: "Allocate up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity via Kamino Vaults with 20% initial APY dropping to 15%"
 tracked_by: rio
 created: 2026-03-11
 ---
@@ -20,21 +19,22 @@ created: 2026-03-11
 # Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
 
 ## Summary
-Sanctum's CLOUD-003 proposal deployed up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity through Kamino managed vaults, offering LPs 20% APY for the first month then 15% thereafter, targeting $2.5M TVL with a minimum 6-month duration. The proposal addressed insufficient native SOL liquidity depth for INF, which despite strong performance (outperforming mSOL and jitoSOL) lacked the deep liquidity pools needed for large depositors and to serve as Solana's LST liquidity nexus.
+Proposal to allocate up to 2.5M CLOUD tokens for liquidity incentives on INF-SOL Kamino Vaults, offering 20% APY for the first month then 15% thereafter, targeting $2.5M TVL cap with minimum 6-month duration. The goal is to deepen INF-SOL native liquidity to support larger depositors and position INF as the liquidity nexus for Solana LSTs.
 
 ## Market Data
 - **Outcome:** Passed
-- **Proposal Date:** 2025-03-05
-- **Resolution Date:** 2025-03-08
+- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
+- **Resolution:** 2025-03-08
 - **Proposal Account:** 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
 - **DAO Account:** 5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR
-- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
-- **Autocrat Version:** 0.3
+
+## Rationale
+INF has consistently outperformed mSOL and jitoSOL but lacks deep SOL native liquidity for large exits. Over 95% of xSOL-SOL liquidity on AMMs comes from Kamino managed vaults, indicating user preference for automated position management. The INF-SOL Kamino vault has historically outperformed 100% INF holding due to high capital velocity. Industry standard is 15% combined APY for LP incentives; proposal offers 20% initial rate to bootstrap liquidity.
 
 ## Significance
-This proposal demonstrates futarchy applied to operational treasury decisions for liquidity management, not just meta-governance. The decision involved complex multi-variable optimization (APY rates, duration, TVL caps, vault selection) that traditional token voting would struggle to price accurately. The proposal's rationale cited that >95% of existing xSOL-SOL liquidity comes from Kamino managed vaults, and that the INF-SOL Kamino vault had historically outperformed 100% INF HODL strategy due to high capital velocity.
+Demonstrates futarchy pricing infrastructure spending where benefits are strategic (liquidity depth, institutional access) rather than direct revenue. Markets evaluated token dilution cost (2.5M CLOUD) against positioning value (becoming LST liquidity nexus). Shows futarchy can handle proposals with indirect, long-term value propositions.
 
 ## 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
-- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] - extends to liquidity incentive decisions
+- [[sanctum]] - treasury allocation decision
+- [[MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions]] - market dynamics example
+- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] - infrastructure spending pricing

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", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md"]
+enrichments_applied: ["MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Sanctum futarchy proposal for liquidity incentives. Primary output is decision_market entity. Two enrichments confirm existing futarchy implementation patterns. Created Kamino entity as new significant protocol. No novel claims - the proposal demonstrates existing futarchy mechanisms applied to treasury/liquidity decisions."
+extraction_notes: "Futarchy governance proposal for liquidity incentives. No novel mechanism claims - standard treasury allocation decision. Enriches existing claims about futarchy market dynamics and infrastructure spending pricing. Created decision_market entity and updated parent Sanctum entity timeline."
 ---
 
 ## Proposal Details
@@ -84,7 +84,9 @@ Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
 
 ## Key Facts
 - INF outperforms mSOL and jitoSOL but slightly underperforms best available LST (2025-03-05)
-- INF-SOL Kamino vault outperformed 100% INF HODL strategy due to high capital velocity
-- >95% of xSOL-SOL liquidity on Solana AMMs comes from Kamino managed vaults
-- Industry standard LP yield is 15% combined (fees + incentives)
-- Sanctum CLOUD-003 proposal: 2.5M CLOUD, 20% initial APY dropping to 15%, $2.5M TVL cap, 6-month minimum duration
+- Over 95% of xSOL-SOL liquidity on AMMs comes from Kamino managed vaults
+- INF-SOL Kamino vault has outperformed 100% INF holding strategy
+- Industry standard for LP incentives is 15% combined APY
+- Proposal offers 20% APY first month, then 15% thereafter
+- Target: $2.5M TVL cap, minimum 6-month incentive duration
+- Kamino team responsible for guaranteeing 15% APY on up to $2.5M TVL