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rio/decisi
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76 changed files with 1455 additions and 78 deletions
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@ -6,7 +6,7 @@ domain: internet-finance
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status: passed
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parent_entity: "[[avici]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_url: "https://v1.metadao.fi/avici/trade/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_date: 2025-10-14
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resolution_date: 2025-10-18
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category: "fundraise"
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "[[coal]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy"
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proposal_url: "https://v1.metadao.fi/coal/trade/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy"
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proposal_date: 2024-11-13
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resolution_date: 2024-11-17
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category: "mechanism"
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@ -39,3 +39,20 @@ The original emission schedule included automatic halvings at 5% circulating sup
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- [[coal]] - parent entity, first major governance decision
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- [[futardio]] - platform hosting the decision market
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- [[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 concept
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## Full Proposal Text
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*Source: futard.io, tabled 2024-11-13*
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Under the current schedule, the target emission rate halves with each 5% increase in the circulating supply. Following six halvings, the current emission target is 15.625 per minute (22,500 per day), resulting in an approximate annual inflation rate of 110%.
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According to this schedule, the next halving will occur at a circulating supply of 7,350,000, lowering the emission target to 7.8125 per minute (11,250 per day) and reducing the annual inflation rate to about 56%.
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This schedule was initially established after launch as a temporary framework and was never intended to be a long-term solution.
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Moving forward, we'll conduct bi-monthly decision markets to guide adjustments to the emission rate.
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**Details:**
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If this proposal passes, the emission rate will be fixed at a target of 7.8125 per minute. If it fails, the rate will remain at the current target of 15.625 per minute.
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A follow-up decision market will be held in early January, approximately two months from now, to determine the next rate adjustment.
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@ -7,7 +7,7 @@ status: failed
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parent_entity: "coal"
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platform: "futardio"
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proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
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proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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proposal_url: "https://v1.metadao.fi/coal/trade/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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proposal_date: 2024-12-05
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resolution_date: 2024-12-08
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category: "treasury"
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@ -37,3 +37,23 @@ The rejection creates a sustainability question for COAL: how does a zero-premin
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## Relationship to KB
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- Related to [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — COAL attempted to add issuance authority post-launch
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- Related to [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — this was a contested decision that still failed
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## Full Proposal Text
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*Source: futard.io, tabled 2024-12-05*
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Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
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To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**.
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This fund will:
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- Support on-going protocol development and innovation
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- Reward community-driven initiatives and contributions
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- Enable marketing and growth initiatives to expand the $COAL ecosystem
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**Details:**
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The emissions allocation will be 4.2% of the current mining emission rate: 11,250 * 0.042 = 472.5 (development allocation per day).
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To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. Future emission rate adjustments will integrate this allocation into the base rate.
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The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures tracked and shared publicly.
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "[[coal]]"
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platform: "futardio"
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proposer: "HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC"
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proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
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proposal_url: "https://v1.metadao.fi/coal/trade/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
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proposal_date: 2025-10-15
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resolution_date: 2025-10-18
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category: "treasury"
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@ -83,3 +83,38 @@ This proposal represents a comprehensive transition from experimental memecoin t
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- MetaDAO — source of airdrop recipients
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies governance model
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- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion mechanism
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## Full Proposal Text
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*Source: futard.io, tabled 2025-10-15*
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This proposal does 3 things:
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1/ Onboard META holders: One-time airdrop of 420 $coal to every $META holder (snapshot October 12, 2025).
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2/ Expand Supply for Growth: One-time mint to enable the airdrop, seed a dev fund, and provide initial liquidity.
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3/ Establish a Development Fund: Transparent treasury for ongoing development, community initiatives, and integrations.
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**Airdrop:**
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- Eligibility: All $META holders at snapshot (2,314 wallets) holding at least $100 worth of $META
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- Amount: 420 $coal per eligible wallet
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- Total: 971,880 $coal
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**Supply Update:**
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- Total supply: 21,000,000 → 25,000,000 $coal (one-time increase of 4,000,000)
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- 971,880 → Airdrop; 3,028,120 → Development Fund
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- Mining emissions: Unchanged
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**Development Fund:**
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- Manager: DAO treasury
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- Disbursements: up to 30,000 $coal per month to Grant (lead dev)
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- Large grants: Any single use >69,000 $coal requires separate decision market
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- Transparency: Public ledger, monthly forum report, verified addresses
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**Liquidity Kickstart:**
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An OTC buyer is lined up to purchase a portion of the Dev Fund; proceeds will seed the futarchy AMM and bootstrap $coal liquidity.
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**Moving into v0.6 DAO governance:**
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- TWAP delay: 1 day
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- Minimum liquidity: 1500 USDC, 2000 coal
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- Pass threshold: 100 bps
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- Coal staked: 10,000
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- Proposal length: 3 days
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "coal"
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platform: "futardio"
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proposer: "futard.io"
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proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
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proposal_url: "https://v1.metadao.fi/coal/trade/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
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proposal_date: 2025-11-07
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resolution_date: 2025-11-10
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category: "mechanism"
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@ -48,3 +48,27 @@ The proposal also shows MetaDAO's evolution from fundraising platform to complex
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- coal - parent entity, economic model redesign
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- [[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
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- [[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
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## Full Proposal Text
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*Source: futard.io, tabled 2025-11-07*
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Forge INGOT using COAL and ORE. Craft pickaxes using COAL, INGOT, and WOOD. Mine COAL with pickaxes.
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When COAL strengthens, crafting scales up, more picks come online, more INGOT gets smelted, and more ORE flows into the treasury. If COAL weakens, crafting slows without breaking the system. Tools are evergreen and cheaper to repair than to recraft.
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Goal: simple, mechanical "ownership coin" loop that reliably accumulates ORE in the COAL treasury, ties behavior to COAL/ORE price dynamics, and is straightforward to implement on Solana.
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**Tokens:**
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- COAL: Mineable with 25M max supply, halving-band emissions. Burned for smelting and licenses.
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- ORE: External hard asset. Paid only at smelting. 100% goes to COAL treasury.
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- INGOT: Minted by burning 100 COAL + paying ~12.10 ORE. Used for crafting and repairs.
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- WOOD: Produced by axes. Used for crafting and repairs.
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**Pickaxes:** Gate access to COAL emissions. Craft cost: 1 INGOT + 8 WOOD + c(y) COAL license. Daily repair: ~0.083 INGOT + 0.3 WOOD. Power decays 4%/day without repair. Each active pick drives ~1 ORE/day to treasury.
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**Dynamic License c(y):** c(y) = c0 * (y/y_ref)^p where y = P_ORE/P_COAL. Defaults: c0=200, y_ref=50, p=3, clamped 1-300. When COAL is strong (y low), license cost falls and more picks come online. When COAL is weak (y high), crafting slows automatically.
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**Governance Parameters:** License curve (c0, y_ref, p, bounds, EMA window), repair/decay rates, axe WOOD output, ORE flow targets.
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**Vote:** YES = adopt Meta-PoW as the new COAL economic model. NO = keep current model unchanged.
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@ -0,0 +1,55 @@
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---
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type: decision
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entity_type: decision_market
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name: "Dean's List: Approve Treasury De-Risking Strategy"
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domain: internet-finance
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status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "Dean's List team"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1"
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proposal_date: 2024-12-02
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resolution_date: 2024-12-05
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category: "treasury"
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summary: "Convert DAO treasury from volatile SOL/SPL assets to stablecoins to reduce risk and extend operational runway"
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tracked_by: rio
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created: 2026-03-24
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---
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# Dean's List: Approve Treasury De-Risking Strategy
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## Summary
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Dean's List DAO approved converting its treasury ($75,000-$87,000 at $350 SOL) from volatile SOL and SPL token holdings into stablecoins to reduce risk and extend operational runway. The proposal argued this would increase probability of DAO survival from 50% to 90% and boost FDV by 5-20% through improved market confidence in financial prudence.
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## Market Data
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- **Outcome:** Passed
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- **Proposal Account:** 4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1
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- **Duration:** 2024-12-02 to 2024-12-05
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## Significance
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Demonstrates futarchy-governed treasury risk management where the market validated a conservative financial strategy. The explicit framing of survival probability (50% → 90%) and FDV impact scenarios shows sophisticated quantitative governance reasoning for a small DAO.
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## Relationship to KB
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- [[deans-list]] — parent entity, treasury management
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — treasury management pattern
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## Full Proposal Text
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*Source: futard.io, tabled 2024-12-02*
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### Impact of De-Risking DL DAO Treasury on Longevity and FDV
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#### 1. Longevity Analysis
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Treasury valued between $75,000 and $87,000 at $350 SOL (without DEAN in consideration), proposed to be converted into stablecoins.
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- Before de-risking: 50% survival probability (subject to market volatility)
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- After de-risking: 90% survival probability (stable reserves secured)
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- De-risking increases probability of DAO longevity by 40 percentage points
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#### 2. Impact on Fully Diluted Valuation
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Current FDV: $500,000 (Conservative to accommodate proposal duration)
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- Low Confidence Boost (5%): Updated FDV = $525,000
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- High Confidence Boost (20%): Updated FDV = $600,000
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#### 3. TWAP Calculation
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DL DAO FDV: $500,000 → DL DAO FDV + 3%: $515,000
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "IslandDAO"
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proposal_url: "https://www.futard.io/proposal/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp"
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proposal_date: 2024-07-18
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resolution_date: 2024-07-22
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category: "treasury"
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@ -41,3 +41,25 @@ This proposal demonstrates futarchy pricing a specific operational business mode
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- [[deans-list]] - treasury and payment restructuring
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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 - TWAP settlement mechanics
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- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] - operational model pricing
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## Full Proposal Text
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*Source: futard.io, tabled 2024-07-18*
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The proposed model involves continuing to charge clients in USDC and using the collected USDC to purchase $DEAN tokens. These tokens will be distributed to DAO citizens as payment for their work, replacing USDC payments. The DAO tax will remain in USDC to hedge against $DEAN price fluctuations. This creates constant buying pressure on the $DEAN token.
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Example: DAO Tax @ 20%, Cost of dApp review 2500 $USDC
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- 500 $USDC goes to the treasury
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- 2000 $USDC used for purchasing $DEAN tokens (560k $DEAN, price goes up)
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- DAO Citizens paid 560k $DEAN; 80% sell to pay bills (448k $DEAN hits market)
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- Price always achieves a higher low on each cycle
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### Detailed Analysis
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- Current FDV: $337,074
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- Daily Trading Volume: $500
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- Circulating Supply: 100,000,000 $DEAN
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- Current Price: $0.00337
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With 400 USDC daily purchase (80% increase in buy volume), estimated 24% price increase, 15% decrease from sell pressure.
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- Initial FDV: $337,074 → New FDV: $355,028 (5.33% increase)
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- Exceeds TWAP 3% requirement ($347,186)
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "futard.io"
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proposal_url: "https://www.futard.io/proposal/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp"
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proposal_date: 2024-07-18
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resolution_date: 2024-07-22
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category: "treasury"
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@ -45,3 +45,25 @@ The 80% sell-off assumption acknowledges that DAO workers need liquid compensati
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- [[deans-list]] - treasury mechanism change
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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 platform
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- [[treasury-buyback-model-creates-constant-buy-pressure-by-converting-revenue-to-governance-token-purchases]] - mechanism claim
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## Full Proposal Text
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*Source: futard.io, tabled 2024-07-18*
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The proposed model involves continuing to charge clients in USDC and using the collected USDC to purchase $DEAN tokens. These tokens will be distributed to DAO citizens as payment for their work, replacing USDC payments. The DAO tax will remain in USDC to hedge against $DEAN price fluctuations. This creates constant buying pressure on the $DEAN token.
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Example: DAO Tax @ 20%, Cost of dApp review 2500 $USDC
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- 500 $USDC goes to the treasury
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- 2000 $USDC used for purchasing $DEAN tokens (560k $DEAN, price goes up)
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- DAO Citizens paid 560k $DEAN; 80% sell to pay bills (448k $DEAN hits market)
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- Price always achieves a higher low on each cycle
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### Detailed Analysis
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- Current FDV: $337,074
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- Daily Trading Volume: $500
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- Circulating Supply: 100,000,000 $DEAN
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- Current Price: $0.00337
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With 400 USDC daily purchase (80% increase in buy volume), estimated 24% price increase, 15% decrease from sell pressure.
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- Initial FDV: $337,074 → New FDV: $355,028 (5.33% increase)
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- Exceeds TWAP 3% requirement ($347,186)
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@ -7,7 +7,7 @@ status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "Dean's List Nigeria Network State Multi-Sig"
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proposal_url: "https://www.futard.io/proposal/5V5MFN69yB2w82QWcWXyW84L3x881w5TanLpLnKAKyK4"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/5V5MFN69yB2w82QWcWXyW84L3x881w5TanLpLnKAKyK4"
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proposal_date: 2024-12-30
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resolution_date: 2025-01-03
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category: "treasury"
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@ -54,3 +54,36 @@ Demonstrates futarchy-governed treasury allocation for operational infrastructur
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- [[deans-list]] - treasury decision
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- [[futardio]] - governance platform
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- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] - example of non-financial proposal valuation
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## Full Proposal Text
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*Source: futard.io, tabled 2024-12-30*
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### Summary
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Proposal to redesign the DeansListDAO website with a total budget of $3,500 ($2,800 USDC + $700 DEAN), aimed at improving user engagement, clarifying the DAO's mission, and creating a more intuitive platform.
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The current redesign is already live at https://deanslist.services/.
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### Rationale
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The old website failed to effectively communicate the core purpose of DeansListDAO, provide a clear onboarding path, showcase services, or integrate regional network states (Nigeria and Brazil).
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### Budget Breakdown
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- Total: $3,500
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- 80% ($2,800) paid upon proposal execution via Realms transfer
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- 20% ($700) paid monthly over a year via Realms grant instruction
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- Allocation: Dean's List Nigeria Network State Multi-Sig (100%)
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### Benefits
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- 50% increase in website engagement
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- 30% reduction in onboarding friction
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- Improved clarity of DAO's mission and services
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- Better conversion of visitors to active community members
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### Valuation Growth Impact
|
||||
- Current Treasury: ~$115,000
|
||||
- Current annual revenue from contracts: $150,000
|
||||
- Projected growth from improved visibility: +30-50% contracts
|
||||
- Current valuation: $450,000 → Projected: $468,000-$543,375
|
||||
|
||||
### TWAP Calculation
|
||||
Current MCAP + 3% = $475,000 + $14,250 = $489,250
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[deans-list]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK"
|
||||
proposal_url: "https://v1.metadao.fi/deans-list/trade/C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK"
|
||||
proposal_date: 2024-12-16
|
||||
resolution_date: 2024-12-19
|
||||
category: "treasury"
|
||||
|
|
@ -48,3 +48,31 @@ Demonstrates futarchy-governed treasury operations addressing sell pressure dyna
|
|||
- [[deans-list]] - treasury governance decision
|
||||
- [[time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked]] - vesting as sell pressure management
|
||||
- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - proposal complexity example
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-12-16*
|
||||
|
||||
### Summary
|
||||
Introduces a 3-week vesting period for all DAO payments, where payments unvest linearly starting from day 1.
|
||||
|
||||
### Rationale
|
||||
1. Discourage Market Manipulation: Vesting prevents immediate liquidation
|
||||
2. Support Price Growth: Slowed token release creates buffer period for price stabilization
|
||||
|
||||
### Implementation
|
||||
- All payments vest over 3-week period with linear daily schedule
|
||||
- Distributed via token streaming contract
|
||||
|
||||
### Valuation Assumptions
|
||||
- Current selling pressure: 80% (2,400 USDC of 3,000 USDC weekly payments sold immediately)
|
||||
- With vesting: only 33% liquidated each week (1,000 USDC), reducing sell pressure by 1,400 USDC/week
|
||||
|
||||
### Projected Outcomes
|
||||
| Scenario | Price Increase | New Valuation | Increase |
|
||||
|----------|---------------|---------------|----------|
|
||||
| Conservative | 15% | 595.7k | 77.7k |
|
||||
| Optimistic | 25% | 647.5k | 129.5k |
|
||||
|
||||
### TWAP Calculation
|
||||
- Current MCAP + 3% = 518,000 + 15,540 = 533,500
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[deans-list]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
|
||||
proposal_url: "https://v1.metadao.fi/deans-list/trade/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
|
||||
proposal_date: 2024-06-08
|
||||
resolution_date: 2024-06-11
|
||||
category: "grants"
|
||||
|
|
@ -41,3 +41,35 @@ This represents an early experiment in using futarchy for partnership and grant
|
|||
- [[deans-list]] - parent organization making the grant decision
|
||||
- [[futardio]] - platform enabling the conditional market governance
|
||||
- [[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 used for this decision
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-06-08*
|
||||
|
||||
### Introduction
|
||||
This proposal aims to allocate 1 million $DEAN tokens to the University of Waterloo Blockchain Club. The goal is to foster deeper collaboration, attract and incentivize top talent to contribute to our ecosystem and strengthen the overall partnership.
|
||||
|
||||
### Goal
|
||||
1. Foster Deeper Collaboration: Strengthening the relationship between The Dean's List DAO and the University of Waterloo Blockchain Club.
|
||||
2. Attract & Incentivize Top Talent: Encouraging top-tier students to contribute to our ecosystem.
|
||||
|
||||
### Benefits
|
||||
1. Strengthened Partnership & Potential Collaboration Opportunities
|
||||
2. Access to a Skilled Talent Pool: 200 students skilled in blockchain technology and web3 development
|
||||
3. Encourage Participation in the DL DAO Governance
|
||||
|
||||
### Token Allocation and Value
|
||||
- Token Allocation: 1 million $DEAN tokens
|
||||
- Equivalent Value: 1 million $DEAN = 1300 $USDC
|
||||
- Fully Diluted Valuation: $115,655
|
||||
|
||||
### Proposal Conditions
|
||||
For this proposal to pass, the partnership should result in a 5% increase in the TWAP of The Dean's List DAO's FDV. Trading period: 5 days.
|
||||
|
||||
- Required Increase (5%): $5,783
|
||||
- Number of Students: 200
|
||||
- Average Increase per Student: $28.915
|
||||
- Benefit per Dollar: $4.45
|
||||
|
||||
### Conclusion
|
||||
Strategic investment in the future growth and sustainability of The Dean's List DAO through partnership with the University of Waterloo Blockchain Club.
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[deans-list]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
|
||||
proposal_url: "https://v1.metadao.fi/deans-list/trade/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
|
||||
proposal_date: 2024-06-22
|
||||
resolution_date: 2024-06-25
|
||||
autocrat_version: "0.3"
|
||||
|
|
@ -72,3 +72,31 @@ The proposal was modeled on MonkeDAO and SuperTeam precedents, framing DAO membe
|
|||
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — confirmed by this failure case
|
||||
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — extended to contested proposals
|
||||
- [[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 details
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-06-22*
|
||||
|
||||
### Introduction
|
||||
This proposal aims to create a promotional event to increase governance power engagement within the Dean's List DAO by offering exclusive perks related to the ThailandDAO event (25 Sept. - 25 Oct. in Koh Samui Thailand). The initiative will cover airplane fares and accommodation for the top 5 governance power holders. The leaderboard will award invitations to IRL events, potential airdrops from partners, and other perks.
|
||||
|
||||
For the duration of the promotional campaign, DL DAO contributors can opt-in to receive payments in $DEAN tokens at a 10% discount.
|
||||
|
||||
### Detailed Steps
|
||||
1. Announcement and Marketing: Launch comprehensive marketing campaign
|
||||
2. Leaderboard Creation: Real-time governance power rankings
|
||||
3. Exclusive Perks:
|
||||
- Top 5 Members: Airplane fares and accommodation covered for 12 days at DL DAO Villa
|
||||
- Top 50 Members: IRL event invitations, partner airdrops, continuous perks
|
||||
4. Payment Option: Contributors can receive payments in $DEAN at 10% discount for three months
|
||||
5. Feedback Review Session: IslandDAO attendees create feedback report, paid in $DEAN
|
||||
|
||||
### Financial Projections
|
||||
- Airplane Fares and Accommodation for Top 5: $10,000
|
||||
- IRL Events and Parties for Top 50: $5,000
|
||||
- Total Estimated Cost: $15,000
|
||||
- Token Allocation: 5-7 million $DEAN tokens
|
||||
- Current FDV: $123,263 → Target FDV: Over $2,000,000
|
||||
|
||||
### Futarchy Proposal Conditions
|
||||
Required: 3% increase in TWAP of FDV. Trading period: 3 days.
|
||||
|
|
@ -0,0 +1,72 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "Dean's List: Update Liquidity Fee Structure"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[deans-list]]"
|
||||
platform: "futardio"
|
||||
proposer: "Dean's List team"
|
||||
proposal_url: "https://v1.metadao.fi/deans-list/trade/B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP"
|
||||
proposal_date: 2025-01-14
|
||||
resolution_date: 2025-01-17
|
||||
category: "mechanism"
|
||||
summary: "Increase swap liquidity fee from 0.25% to 5% DLMM base fee, switch quote token from mSOL to SOL, creating tiered market structure"
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# Dean's List: Update Liquidity Fee Structure
|
||||
|
||||
## Summary
|
||||
Dean's List DAO approved increasing their swap liquidity fee from 0.25% dynamic pool to 5% DLMM base fee (up to 10%), switching quote token from mSOL to SOL, and establishing a tiered market structure where the DAO pool captures revenue from large trades needing deep liquidity while individual LPs serve smaller trades at lower fees.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposal Account:** B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP
|
||||
- **Duration:** 2025-01-14 to ~2025-01-17
|
||||
- **Current Monthly Volume:** 46,228 USDC (06 Dec - 06 Jan)
|
||||
|
||||
## Revenue Impact
|
||||
- Current daily fee revenue (0.25%): ~3.85 USDC
|
||||
- Projected daily fee revenue (5%): ~77 USDC (20x increase)
|
||||
- Conservative annual treasury growth: ~19,416 USDC
|
||||
- Optimistic annual treasury growth: ~24,960 USDC
|
||||
|
||||
## Significance
|
||||
Demonstrates futarchy-governed fee optimization for a small DAO token. The proposal creates a novel tiered market structure where the DAO captures revenue from large trades needing liquidity depth while smaller trades flow to individual LP pools at lower fees, effectively incentivizing broader market-making participation.
|
||||
|
||||
## Relationship to KB
|
||||
- [[deans-list]] — parent entity, fee structure governance
|
||||
- [[futardio]] — governance platform
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2025-01-14*
|
||||
|
||||
### Summary
|
||||
Increase DAO swap liquidity fee from 0.25% dynamic pool to 5% DLMM base fee (up to 10%) to generate sustainable treasury revenue.
|
||||
|
||||
### Rationale
|
||||
Current 0.25% fee insufficient to generate meaningful treasury revenue, support operational costs, or build reserves. Average daily volume ~1,541 USDC generates minimal inflow.
|
||||
|
||||
### Implementation
|
||||
- Create DLMM pool with 5% base fee, bin step of 80
|
||||
- Change quote token from mSOL to SOL
|
||||
- Fee reclaiming done monthly by DAO treasurer (@1xraccoon)
|
||||
|
||||
### Tiered Market Structure
|
||||
- Large trades: prefer DAO pool (high liquidity, 5% fee, less slippage)
|
||||
- Small trades: individual LP pools (lower fees ~0.25%)
|
||||
- DAO captures revenue from large trades; contributors incentivized to provide smaller pools
|
||||
|
||||
### Growth Scenarios (with fee increase)
|
||||
| Scenario | Volume Change | Monthly Fee Revenue | Annual Growth |
|
||||
|----------|--------------|-------------------|---------------|
|
||||
| Conservative | -30% | 1,618 USDC | 19,416 USDC |
|
||||
| Moderate | -20% | 1,849 USDC | 22,188 USDC |
|
||||
| Optimistic | -10% | 2,080 USDC | 24,960 USDC |
|
||||
|
||||
### TWAP Calculation
|
||||
Current MCAP (-5% adjustment): $298,889
|
||||
Pass threshold: $307,855 (MCAP + 3%)
|
||||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[digifrens]]"
|
||||
platform: "futardio"
|
||||
proposer: "DigiFrens team"
|
||||
proposal_url: "https://www.futard.io/launch/HTyjkYarxpf115vPqGXYpPpS9jFMXzLLjGNnVjEGWuBg"
|
||||
proposal_url: "https://v1.metadao.fi/digifrens/trade/HTyjkYarxpf115vPqGXYpPpS9jFMXzLLjGNnVjEGWuBg"
|
||||
proposal_date: 2026-03-03
|
||||
resolution_date: 2026-03-04
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm"
|
||||
proposal_date: 2024-12-19
|
||||
resolution_date: 2024-12-22
|
||||
category: "grants"
|
||||
|
|
@ -57,3 +57,91 @@ This represents Drift's strategic investment in the emerging AI x DeFi sector, u
|
|||
- [[drift]] - parent entity, treasury allocation
|
||||
- [[futardio]] - governance platform
|
||||
- MetaDAO - futarchy implementation reference
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
### Drift AI Agents RFG
|
||||
|
||||
### Abstract
|
||||
This proposal requests to create a Drift AI Agents Grants program, a Decision Committee and to allocate 50,000 DRIFT towards the program and committee's discretion.
|
||||
|
||||
### Motivation
|
||||
|
||||
AI agents have recently attracted significant attention, capital, and talent. While their intersection with DeFi is still nascent, Drift believes in the sector's potential and considers it an important area for investment.
|
||||
|
||||
The Drift AI Agents Request for Grants (RFG) aims to:
|
||||
|
||||
* Foster growth in the AI x DeFi sector.
|
||||
* Encourage teams to build on Drift.
|
||||
* Signal Drift's focus on developing this emerging space.
|
||||
|
||||
### Specifications
|
||||
|
||||
#### Qualifying Grants
|
||||
|
||||
**What Is a DeFi Agent?**
|
||||
To differentiate a DeFi agent from a traditional bot or managed strategy, consider the following guidelines:
|
||||
|
||||
* Should operate with autonomy to manage assets.
|
||||
* Should utilise multiple strategies or tools.
|
||||
* Should exist off-chain but can interact on-chain.
|
||||
* Should be able to communicate with, and execute objectives for, an agent manager.
|
||||
|
||||
*Note: This is not a comprehensive definition. Drift welcomes all interpretations of what constitutes an "agent."*
|
||||
|
||||
**Target Areas:**
|
||||
|
||||
* **Trading Agents:** Integrating with Drift Perps to trade or execute position strategies on behalf of managers.
|
||||
* **Yield Agents:** Managing capital through multiple yield opportunities available on Drift.
|
||||
* **Information Agents:** Surfacing on-chain information or raising awareness about Drift.
|
||||
* **Social Agents:** Build a cult following around Drift, be a reply guy or KOL, etc.
|
||||
|
||||
This list is not exhaustive. Any agent application relevant to Drift is encouraged.
|
||||
|
||||
**Grant Amount**
|
||||
A total of up to 50,000 DRIFT is available in grants.
|
||||
|
||||
* Grant amounts may range from 10,000–20,000 DRIFT, depending on the proposal.
|
||||
* Grants will be approved by the decision council and awarded upon milestone completion.
|
||||
|
||||
#### Application Process
|
||||
1. **Proposal:**
|
||||
* Complete the application form: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdmqXph2f6EGSkN_79oeaQLfxRkzUqXZl5dK4_S4UMqE_eIbw/viewform?usp=sf_link)
|
||||
* If applicable, a Drift Ecosystem team member will reach out to help formalize the proposal.
|
||||
2. **Review:**
|
||||
* The formalized proposal will be reviewed by the decision council.
|
||||
|
||||
**Timeline**
|
||||
|
||||
* Applications are open upon approval of the RFG.
|
||||
* Applications are open until March 1st, 2025.
|
||||
* Applications may be approved and grants awarded on a rolling basis.
|
||||
* Proposals will be reviewed and grantees notified by the decision council.
|
||||
* The deadline for approval is March 1st, Any unused grants will be returned to the foundation.
|
||||
* Deployment of grants will happen within 2 weeks of approval. Deployment may be dependent on KYC for regulatory compliance.
|
||||
|
||||
**Decision Council**
|
||||
All grant decisions are at the discretion of the decision council and any such decisions made by the decision council are final.
|
||||
|
||||
**Questions** For inquiries about the request for grants or the application process, contact **@airtightsquid** on Telegram.
|
||||
|
||||
### Benefits / Risks
|
||||
|
||||
#### Benefits
|
||||
|
||||
- Additional users for DRIFT product suite
|
||||
- Additional product lines leveraging DRIFT product suite
|
||||
- Engaging community to drive utility of DRIFT within AI agents
|
||||
- Supporting nascent industry
|
||||
|
||||
#### Risks
|
||||
|
||||
- Emerging sector carries unknowns
|
||||
- Inefficient use of DRIFT
|
||||
- Teams time that could be used in other ways
|
||||
|
||||
### Outcome
|
||||
From this proposal passing success would be the creation of the committee, publishing of the RFG, evaluating applicants and the awarding of up to 50k DRIFT tokens to eligible grantees.
|
||||
|
||||
### Cost Summary
|
||||
This comes at a cost of 50k DRIFT tokens to the foundation.
|
||||
|
|
|
|||
194
decisions/internet-finance/drift-fund-artemis-labs-dashboards.md
Normal file
194
decisions/internet-finance/drift-fund-artemis-labs-dashboards.md
Normal file
|
|
@ -0,0 +1,194 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "Drift: Fund Artemis Labs Data and Analytics Dashboards"
|
||||
domain: internet-finance
|
||||
status: failed
|
||||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "Artemis Labs"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/G95shxDXSSTcgi2DTJ2h79JCefVNQPm8dFeDzx7qZ2ks"
|
||||
proposal_date: 2024-07-01
|
||||
resolution_date: 2024-07-04
|
||||
category: "grants"
|
||||
summary: "Artemis Labs proposed building comprehensive Drift protocol analytics dashboards for $50K in DRIFT tokens over 12 months — rejected by futarchy markets"
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# Drift: Fund Artemis Labs Data and Analytics Dashboards
|
||||
|
||||
## Summary
|
||||
Artemis Labs proposed a 12-month engagement to build and maintain comprehensive data and analytics dashboards for the Drift protocol, integrating Drift metrics into the Artemis Terminal platform used by institutional investors (Grayscale, Franklin Templeton, Vaneck), liquid token funds (Pantera, Modular Capital), and retail investors. The proposal requested $50K USD in DRIFT tokens (max cap 115K DRIFT) paid linearly over 12 months, with a 6-month opt-out clause. The proposal failed to pass the futarchy market.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Failed
|
||||
- **Proposer:** Artemis Labs
|
||||
- **Proposal Account:** G95shxDXSSTcgi2DTJ2h79JCefVNQPm8dFeDzx7qZ2ks
|
||||
- **Created:** 2024-07-01
|
||||
- **Resolved:** ~2024-07-04
|
||||
|
||||
## Proposed Deliverables
|
||||
- **Perp Protocol Metrics:** Open interest, fees, revenue, average fees/trade, funding rate (annualized)
|
||||
- **Unique Trader Metrics:** Exchange volume/trader, unique number of traders
|
||||
- **Liquidity Metrics:** Per-market +2%/-2% liquidity, price fill (effective price of 100K order)
|
||||
- **Deposit Metrics:** Average deposit size, deposit trends, lending rates
|
||||
- **Higher fidelity data refresh:** 6-hour intervals vs Drift's existing 24-hour S3 datalake refresh
|
||||
- **Independent research piece** shared with Artemis community
|
||||
- **Open source dashboards** free for community use
|
||||
|
||||
## Significance
|
||||
This is the first Drift futarchy proposal from an external analytics vendor — a service procurement decision governed by conditional markets. The failure is notable because the proposal was well-structured with clear deliverables, institutional credibility (team from Venmo, Messari, Coinbase, BlackRock), and a reasonable 6-month cancellation clause. The market's rejection likely reflected either: (1) insufficient value-add relative to existing Drift analytics, (2) the $50K price point being too high for the perceived benefit, or (3) low market participation leading to unfavorable price dynamics. This case demonstrates futarchy's ability to reject proposals that would pass traditional committee-based grants processes, where vendor credibility and institutional relationships carry disproportionate weight.
|
||||
|
||||
## Relationship to KB
|
||||
- [[drift]] - parent entity, governance decision on analytics spending
|
||||
- [[futardio]] - governance platform
|
||||
- [[artemis-labs]] - proposing entity
|
||||
- [[futarchy-markets-can-reject-solutions-to-acknowledged-problems-when-the-proposed-solution-creates-worse-second-order-effects-than-the-problem-it-solves]] - market rejected a plausible vendor proposal
|
||||
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - failure may reflect participation dynamics rather than genuine market opposition
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
### Simple Summary
|
||||
|
||||
Artemis Labs is set to transform how the crypto community accesses Drift metrics and data via this proposal. By integrating detailed Drift protocol metrics onto Artemis, the whole suite of Artemis users which include top liquid token funds (Panetera, Modular Capital), retail investors, developers, and institutional investors (Grayscale, Vaneck, Franklin Templeton) will be able to access Drift metrics for the first time. Artemis's commitment to transparency and community engagement, with open-source dashboards and regular updates, ensures that Drift metrics are accessible and audited for the entire crypto community to digest and share however they want.
|
||||
|
||||
The proposal is for a grant of $50k USD in Drift Tokens with a max cap of 115k Drift Tokens (whichever is lower) over 12 months.
|
||||
|
||||
### Who is Artemis Labs:
|
||||
|
||||
Artemis Labs is a software company building the unified platform for all of crypto data. We are in the business of enabling **anyone** in the crypto space to dive deep on any protocol whether they are familiar with on crypto data or not. With two core products: excel / google sheets plugin and Artemis Terminal, we surface key metrics for a robust set of users including:
|
||||
|
||||
- institutional investors such as Grayscale, Franklin Templeton, and Vaneck
|
||||
- liquid token funds such as Modular Capital, Pantera Capital, and CoinFund
|
||||
- retail investors with over 20k+ twitter followers and 20k+ subscribers to our weekly newsletter
|
||||
- developers from Wave Wallet, Quicknode, and Bridge.xyz
|
||||
|
||||
Our team consist of top engineers from companies such as Venmo, Messari, Coinbase, Facebook and top HFs / Investment Firms such as Holocene, Carlyle Group, Blackrock, and Whale Rock. We are a blend of top engineering and traditional finance talent allowing us to build + surface metrics that actually matter to markets.
|
||||
|
||||
#### Company Values:
|
||||
|
||||
Our mission is to **surface key metrics** to anyone that cares about crypto in whatever way is most intuitive to them. Whether its a dashboard, an excel plugin, or an api, we empower retail traders, large liquid token funds, and developers in this space to make informed bets on the market with their capital and time.
|
||||
|
||||
- **Transparency**: We take transparency very seriously, which is why we took great effort to become open source earlier this year. If there are any metrics the broader crypto community is concerned about, anyone can make a github issue and we will resolve in a timely manner.
|
||||
- **Build with the community:** We are **open source** and will work directly with Drift Labs and the community to surface metrics that matter to Drift users, developers, investors, and token holders. We have worked with the Drift Lab team to come up with an initial set of metrics that will be valuable to the both the Artemis and Drift community.
|
||||
|
||||
### Why 3rd Party Verified Data is important
|
||||
|
||||
Open and trusted fundamental metrics are an important tool for everyone in crypto. Developers use it to determine what ecosystem to build on and capital allocators use it to make informed bets on projects. But as the crypto space grows and matures, more people are asking fundamental questions that require deeper metrics to answer. The crypto space is becoming more sophisticated and there isn't a single go to source for all Drift metrics that matter.
|
||||
|
||||
Artemis proposal aims to solve 3 key issues in the space right now:
|
||||
|
||||
- No clear benchmarking of Drift's Protocol Health
|
||||
- No place to get all the metrics of Drift in one place and compare with other perpetual trading protocols
|
||||
- No way to start tracking historical changes of Drift Liquidity over time
|
||||
- No place to get deeper metrics on drift users such as average deposit size, exchange volume / user, etc.
|
||||
|
||||
Artemis will provide to the community:
|
||||
|
||||
- Reliable benchmarking of the Drift Protocols with other protocols
|
||||
- Deeper metrics on Drift not just high level numbers like TVL and Exchange Volume
|
||||
- Neutral 3rd party verified metrics
|
||||
- Wider audience of institutional investors and builders looking at key Drift Metrics
|
||||
|
||||
### Proposal
|
||||
|
||||
Working with Drift Labs these are the core dashboard Artemis Labs will build out and maintain for the community over the 12 month period.
|
||||
|
||||
Deeper Perp Protocol Metrics:
|
||||
|
||||
- Open Interest
|
||||
- Fees
|
||||
- Revenue
|
||||
- Average Fees / Trade
|
||||
- Funding Rate (Annualized)
|
||||
|
||||
Unique Trader Metrics:
|
||||
|
||||
- Exchange Volume / Trader
|
||||
- Unique Number of Traders
|
||||
|
||||
Liquidity Metrics:
|
||||
|
||||
- Liquidity metrics by perp market
|
||||
- +2% / -2% liquidity
|
||||
- Price Fill (effective price of a 100k Order)
|
||||
|
||||
Deposit Metrics:
|
||||
|
||||
- Average Deposit Size
|
||||
- Deposit Trends
|
||||
- Lending Rates
|
||||
|
||||
### Community Engagement
|
||||
|
||||
#### Independent Research
|
||||
|
||||
As part of our commitment to being community focused, we will dive deep into the Drift Perps Protocol to highlight key metrics and the project. This will be done in the form of an independent research piece. We will then share this piece with the Artemis community the make up of which was described earlier in the proposal. This research piece will be made publicly available for anyone to read.
|
||||
|
||||
#### Open Source Dashboards
|
||||
|
||||
All of the dashboards and metrics we build for Drift will be open sourced and free for the community to screenshot and used for whatever they need.
|
||||
|
||||
#### Updates
|
||||
|
||||
We will also commit to a bi-monthly update post focusing on both works complete and ongoing as determined by the community.
|
||||
|
||||
### Longer Term Relationship
|
||||
|
||||
As has been stated above, we are a software company. We're building a platform that empowers anyone in crypto to make informed discussions with their time and capital. While this engagement is focus on building for the Drift Community and surfacing key metrics for the broader crypto community as it relates to Drift, we hope to continue to onboard more stakeholders in the crypto community to our platform. Our hope is that anyone who wants to do anything in crypto will at some point touch the Artemis platform and suite of products.
|
||||
|
||||
### Success Criteria
|
||||
|
||||
The successful completion of the Drift protocol's objectives will be measured against KPIs that will be derived from the specific objectives agreed upon between Drift and Artemis Labs. On top of those, We will also look to measure things such as:
|
||||
|
||||
- Usage:
|
||||
- Number of Tweet
|
||||
- Page Views
|
||||
- Metrics Calls on our plugin
|
||||
- Product Deliverables (Drift Metrics on Artemis)
|
||||
|
||||
### Pricing and timing
|
||||
|
||||
- 12 month engagement w/ option to cancel engagement after an initial 6 month period
|
||||
- the Drift DAO will have the opportunity to terminate the relationship if it finds Artemis Labs' deliverables unsatisfactory (outlined above).
|
||||
- $50k USD value in Drift Tokens paid out linearly over 12 months.
|
||||
- Drift token price would be a trailing 7-d average based on coingecko prices
|
||||
- So at time of proposal that would be roughly **115,000 tokens** distributed out from a multisig where Drift Labs + Artemis Labs will be the signer over a 12 month period.
|
||||
- Start of engagement will begin once proposal is passed
|
||||
|
||||
### Special Thanks
|
||||
|
||||
- Big Z for reviewing and giving feedback!
|
||||
|
||||
### On why Artemis think this is valuable
|
||||
|
||||
- Artemis serves as a direct link to major capital allocators like Grayscale and Fidelity.
|
||||
- Ex: A liquid token fund manager managing (8-9 million dollar) asked Artemis about Drift specific metrics. They can't find any deep metrics about Drift on Artemis and do not feel comfortable with other sources or frankly does not know where to look. Other platforms like the ones mentioned above are too complicated for them to navigate and do not allow them to digest data in their favorite platform where they do all their work: excel / google sheets.
|
||||
- Traders from platforms like dYdX, Hyperliquid, etc rely on Artemis for critical trading data and insights to determine where they should trade.
|
||||
- Ex: a dYdX engineer came into the Artemis discord looking to confirm dYdX unique traders because traders were pinging them. These traders were using Artemis to determine what platform to allocate capital.
|
||||
|
||||
### In terms of the coverage of metrics we expect to surface in addition to liquidity metrics
|
||||
|
||||
- Granular insights on user behavior across Drift's products (e.g., insurance fund, lending, perp trading).
|
||||
1. top users across drift's many products such as the insurance fund, lending, perp trading every week historically
|
||||
- Answering questions like why Drift usage is going up or who makes up the user base of Drift
|
||||
2. Break out exchange volume, deposits, and fees paid by users.
|
||||
- Answering questions such as how much volume is done by 10, 100, 1000 traders etc.
|
||||
3. Liquidity and averages fees historically
|
||||
- Answering questions such as how much does it cost to use Drift as a trader
|
||||
4. Revenue across all of Drift product lines
|
||||
- Answering questions like how much money does Drift make and which revenue driver is growing the fastest
|
||||
- Providing sensible multiples for capital allocators (P/S, P/E)
|
||||
- Higher fidelity refresh rates for order book data / on chain data
|
||||
1. Currently, Drift refreshes its public S3 datalake every 24hours, we can do it every 6 hours (so 4 times a day)
|
||||
2. This would be shared to the Drift Labs team and public for free consumptions
|
||||
|
||||
### Compensation and Implementation Questions
|
||||
|
||||
- We would need to manually integrate new data pipelines, process the data into metrics and then build + design intuitive dashboards on our terminal which requires weeks of data science, engineering, product, and design hours.
|
||||
- These dashboard have always been and continue to be free to use. The rest of our product is also free to use with very generous restrictions and the vast majority of our users are NOT paying customers.
|
||||
- **Propose compensation Changes:** 115k DRIFT or $50k USD (whichever is lower) over 12 months.
|
||||
- We believe this is a fair value for the work we plan to do for Drift and the value add we bring to the community.
|
||||
|
||||
We ultimately think that we are providing a unique service and we want to build a long term relationship with the Drift Community. If the DAO feels like we did not bring in enough value it has the power to cancel the contract after 6 months.
|
||||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY"
|
||||
proposal_date: 2024-08-27
|
||||
resolution_date: 2024-08-31
|
||||
category: "grants"
|
||||
|
|
@ -36,3 +36,29 @@ Represents an early futarchy-governed marketing/grants decision where a protocol
|
|||
- [[drift]] - parent protocol governance decision
|
||||
- [[futardio]] - governance platform used
|
||||
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - may relate to why this failed
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
[Drift](https://docs.drift.trade/) is the largest open-sourced perpetual futures exchange built on Solana. Recently, Drift announced B.E.T, Solana's first capital efficient prediction market.
|
||||
|
||||
To celebrate the launch of B.E.T. this proposal would fund a collection of bounties called "Drift Protocol Creator Competition".
|
||||
|
||||
- The Drift Foundation Grants Program would fund a total prize pool of $8,250.
|
||||
- The outcome of the competition will serve in educating the community on and accelerating growth of B.E.T. through community engagement and creative content generation.
|
||||
|
||||
If the proposal passes the competition would be run through [Superteam Earn](https://earn.superteam.fun/) and funded in DRIFT token distributed by the Drift Foundation Grants Program.
|
||||
|
||||
This proposed competition offers three distinct bounty tracks as well as a grand prize, each with its own rewards:
|
||||
|
||||
* Grand prize ($3,000)
|
||||
* Make an engaging video on B.E.T ($1,750)
|
||||
* Twitter thread on B.E.T ($1,750)
|
||||
* Share Trade Ideas on B.E.T ($1,750)
|
||||
|
||||
Each individual contest will have a prize structure of:
|
||||
|
||||
- 1st place: $1000
|
||||
- 2nd place: $500
|
||||
- 3rd place: $250
|
||||
|
||||
Link to campaign details and evaluation criteria: [Link](https://docs.google.com/document/d/1QB0hPT0R_NvVqYh9UcNwRnf9ZE_ElWpDOjBLc8XgBAc/edit?usp=sharing)
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR"
|
||||
proposal_date: 2025-02-13
|
||||
resolution_date: 2025-02-16
|
||||
category: "grants"
|
||||
|
|
@ -54,3 +54,54 @@ Demonstrates futarchy-governed community grants for ecosystem development. The w
|
|||
- [[drift]] - parent entity receiving governance decision
|
||||
- [[futardio]] - platform hosting the futarchy 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]] - governance mechanism used
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
**Success guidelines:**
|
||||
|
||||
* Creation of new and engaging community initiatives
|
||||
* Increased level of engagement with Drift across various channels
|
||||
* Higher engagement across X (i.e impressions, replies, etc.)
|
||||
* Increase community participation in Discord
|
||||
|
||||
**Proposal:** This proposal is to fund a community-run Working Group. The proposal requests 50,000 DRIFT for funding the initial set-up and 3 months of operation.
|
||||
|
||||
### Proposal Overview
|
||||
|
||||
Drift would like to establish a working group called the Drift Working Group, following successful models in the Solana ecosystem. The working group model is designed to create a **self-sustaining ecosystem** of engagement, education, and growth for Drift. The working group will operate independently, with initial collaboration with the Drift core team during formation.
|
||||
|
||||
This is an experimental initiative with plans to growth based on the program's success. The DWG will be led by a community member with a proven track record. The DWG will undergo a 3-month trial period before we build up learnings and next steps.
|
||||
|
||||
### Key Activities
|
||||
|
||||
* **Content Creation:** Develop high-quality content through different mediums like tweets and videos, to inform and engage the community about Drift's offerings.
|
||||
* **Community Activation:** Implement initiatives ("Community Rituals") to boost community participation, such as live-streamed trading sessions and community takeovers.
|
||||
* **Education Development:** Create comprehensive educational materials to guide new users and breakdown more complex features of Drift.
|
||||
|
||||
### Leadership & Structure
|
||||
|
||||
The DWG will be led by Socrates, bringing 3+ years of crypto marketing expertise and technical background. His focus spans user acquisition, content strategy, and brand awareness. He has supported notable brands such as Brave, Sui, Helio, Shaga, and Streamflow. The initial team will be composed of Anay and 4 working group members, with a total monthly budget of 15,400 DRIFT.
|
||||
|
||||
**Budget**
|
||||
|
||||
* The total budget for the working group is 50,000 DRIFT tokens. This amounts to 15,400 per month for three consecutive months as trial, with 3,800 DRIFT allocated for additional initiatives.
|
||||
* Any unused budget will be returned to the DAO.
|
||||
|
||||
**Monthly Budget Breakdown**
|
||||
|
||||
* Working Group Lead: 5,000 DRIFT
|
||||
* Team Members: 2,600 DRIFT
|
||||
* Initial team size: Lead + 4 members
|
||||
* **Additional Sponsorship**: Allocated budget for community initiatives
|
||||
|
||||
### Timeline & Urgency
|
||||
|
||||
* Launch Target: End of February 2024
|
||||
* Market Context: The current competitive landscape necessitates swift action to attract and retain talent, as similar initiatives are emerging.
|
||||
* Governance: DAO approval is required prior to the formation of the DWG.
|
||||
|
||||
### Operational Framework
|
||||
|
||||
* **Weekly Reporting**: The working group lead will provide regular updates to the Drift team.
|
||||
* **Performance Tracking**: Metrics will include individual KOL deliverables, community sentiment analysis, and internal feedback collection.
|
||||
* **Fund Management**: Funds will be managed through a 2/3 multisig wallet, comprising the working group lead and two members of the Drift team.
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS"
|
||||
proposal_date: 2024-05-30
|
||||
resolution_date: 2024-06-02
|
||||
category: "grants"
|
||||
|
|
@ -43,3 +43,65 @@ This proposal demonstrates that futarchy implementations require explicit incent
|
|||
- [[metadao]] - source of participant data via Dune dashboard
|
||||
- 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 context
|
||||
- MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions - participation bootstrapping challenge
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
### Overview
|
||||
|
||||
This proposal requests **50,000 DRIFT** to carry out an early Drift Futarchy incentive program (max of 10 proposals / 3 months).
|
||||
|
||||
This proposal is meant to signal rewards for strong forecasters in futarchic markets by:
|
||||
- Rewarding early and active participants of MetaDAO with tokens to participate in Drift Futarchy (via the ["endowment effect"](https://en.wikipedia.org/wiki/Endowment_effect))
|
||||
- Incentivizing future well-formulated proposals and activity for Drift Futarchy
|
||||
|
||||
This proposal's outline is fulfilled over months by the executor group, acting as a 2/3 multisig, defined below.
|
||||
|
||||
### Implementation
|
||||
|
||||
#### Retroactive Reward:
|
||||
|
||||
Using the following dune dashboard data as reference: https://dune.com/metadaohogs/themetadao (with May 19th, 2024 UTC as a cutoff date)
|
||||
- [METADAO activity](https://gist.github.com/0xbigz/3ddbe2a21e721326d151ac957f96da20)
|
||||
- [META token holdings](https://gist.github.com/0xbigz/f461ed8accc6f86181d3e9a2c164f810)
|
||||
|
||||
Among those who interacted with metadao's conditional vaults on at least 5 occassions over more period of 30 days, will recieve a retroactive reward as follows:
|
||||
|
||||
- < 1 META, 100 DRIFT
|
||||
- >= 1 META, 200 DRIFT
|
||||
- >= 10 META, 400 DRIFT
|
||||
|
||||
This [code](https://gist.github.com/0xbigz/a67d75f138c1c656353ab034936108fe) produces the following list of 32 MetaDAO participants who are qualified:
|
||||
https://gist.github.com/0xbigz/056d3f7780532ffa5662410bc49f7215
|
||||
|
||||
**(9,600 DRIFT)**
|
||||
|
||||
Additionally, all MetaDAO AMM swapers interacters https://dune.com/queries/3782545 who aren't included above should split remaining.
|
||||
|
||||
crude snapshot: https://gist.github.com/0xbigz/adb2020af9ef0420b9026514bcb82eab
|
||||
|
||||
**(2,400 DRIFT)**
|
||||
|
||||
---
|
||||
|
||||
#### Future Incentive:
|
||||
*The following applies to the lengthlier of next 10 proposals or 3 month time frame*
|
||||
|
||||
Additionally, excluding this instance, passing proposal that are honored by security council can earn up to 5000 DRIFT for the proposer(s), each claimable after 3 months after.
|
||||
(*if successful proposals exceed two, executor group can decide top N proposals to split*)
|
||||
**(10,000 DRIFT)**
|
||||
|
||||
For accounts sufficiently active during the period, a pool of 20,000 DRIFT will be split and claimable after 3 months. To filter for non organic activity, the exact criteria for this shall be finalized by the execution group.
|
||||
**(25,000 DRIFT)**
|
||||
|
||||
---
|
||||
|
||||
#### Execution Group:
|
||||
|
||||
A 2/3 multisig to escrow and distribute funds based on outline. After successful completion of this proposal, they can distribute their allocation as they see fit.
|
||||
|
||||
In the event of uncertainty or excess budget, funds shall be returned to originating wallet or Drift Futarchy DAO treasury.
|
||||
**(3,000 DRIFT)**
|
||||
|
||||
- [metaprophet](https://x.com/metaproph3t)
|
||||
- [Sumatt](https://x.com/quantrarianism)
|
||||
- [Lmvdzande](https://x.com/Lmvdzande)
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM"
|
||||
proposal_date: 2024-07-09
|
||||
resolution_date: 2024-07-13
|
||||
category: "grants"
|
||||
|
|
@ -45,3 +45,94 @@ The program's design addresses a common DAO challenge: how to efficiently alloca
|
|||
- [[drift]] - governance decision establishing grants infrastructure
|
||||
- [[futardio]] - platform hosting the proposal and larger grant decisions
|
||||
- [[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 used for large grant approvals
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
### Summary
|
||||
|
||||
This proposal requests 100,000 DRIFT to carry out the initial iteration of the Drift Grants Program.
|
||||
|
||||
The funds will be managed by 2/3 multi sig governed by the Decision Council.
|
||||
|
||||
The proposal is designed to kickstart the foundation grants program with the goal of helping efficiently allocate capital and figure out the best process and structure for a more robust grants program going forward.
|
||||
|
||||
### Overview
|
||||
|
||||
A robust ecosystem can serve as a key competitive advantage in the DeFi space. Given the relatively undifferentiated products and open-source culture, a strong community and ecosystem are both crucial for a protocol's sustained success. The launch of DRIFT token will enable the foundation to accelerate ecosystem growth and fortify the Drift community through grants. The purpose of this proposal is to initialise the process of creating a grants system that effectively aligns and supports Drift's community and ecosystem.
|
||||
|
||||
### Objectives
|
||||
|
||||
#### Supporting Community Initiatives
|
||||
|
||||
- Short-term: Short term the objective is to increase community engagement and help grow the size of the community by providing easy and open access to community members to lead community initiatives.
|
||||
- Vision: Long term it is about aligning incentives in a way fosters a robust and active community.
|
||||
|
||||
#### Developing Ecosystem
|
||||
|
||||
- Short-term: Over the next two months we want to start to push integration and figure out a process to source and support teams building on top of drift. We want this proposal to serve to help support people looking to build on Drift.
|
||||
- Vision: The long-term vision is to have Drift become a foundational layer that supports a flourishing ecosystem of projects.
|
||||
|
||||
#### Answer key questions about the Grants program
|
||||
|
||||
- Do people want small grants?
|
||||
- Figuring out if there is demand for smaller grant sizes that may not make sense for Futarchic markets and figure out if the proposed proposal structure makes sense to handle them.
|
||||
- Do we need to source?
|
||||
- The current structure is passive/supporting, is there enough quality inbound where this model works, or do we need to scale up the grant program to support sourcing.
|
||||
|
||||
#### What does success look like?
|
||||
|
||||
- Supporting Community initiatives: Figure out a system to evaluate and support initiatives.
|
||||
- Developing Ecosystem: Figure out the best way to support projects going through the futarchic system.
|
||||
- Testing Grants program: Answer the two objective questions.
|
||||
- Overall: Have a clearer vision for direction of the Foundation Grants Program and have confidence drafting and supporting a more substantial future proposal.
|
||||
|
||||
#### Review
|
||||
|
||||
At the end of the 2 month period the analyst will put together a comprehensive report reviewing all activities done by the team, all grants funded/proposed and come up with a recommendation for the program moving forward. The report will include an evaluation of how the grants program completed all objectives, where it fell short and how it should be changed. Ultimate goal is to be able to use learnings from the initial program to draft a more substantial follow up proposal.
|
||||
|
||||
### Details
|
||||
|
||||
**Timeframe:** 2 months, starting on July 1st ending on August 31st.
|
||||
|
||||
Looking at other protocols grants programs, we believe it is important to commit heavily in effort and capital. The goal of the initial program is to quickly get started and experiment in design, operations, and best practices so that we can figure out what works best in order to iterate and commit with conviction for v2.
|
||||
|
||||
**Initiation:** This proposal will be decided on through the Futarchic markets.
|
||||
|
||||
**Team:** 4 People
|
||||
|
||||
Ultimately, to have a successful grant program you need a strong and representative team to drive it. Part of the goal for the initial proposal is to figure out the workload/workflow for team members.
|
||||
|
||||
- Decision Council: The decision council consists of 3 people and votes on the approval of small proposals. Expectations for the council include voting on each proposal, describing their reasoning behind their vote and working with the analyst to help create a brief summary report analysing each proposal. Expected commitment 0-6hrs per week. The members of the decision council will not be able to vote on proposals in which they are direct beneficiaries from in order to prevent conflicts of interest.
|
||||
- Members: Personal info is hidden for privacy, all members are active community members that the team has vetted.
|
||||
- Spidey
|
||||
- Maskara
|
||||
- James
|
||||
- Analyst: The analyst will be a team member responsible for managing inbound, helping teams draft proposals, supporting throughout the proposal process. The analyst will also be responsible for creating a summary report for each proposal and a final report reviewing success of the initial grants program along with recommendations for the next iteration. To start, Squid from the Drift ecosystem team will do the analyst role to help better explore what are the requirements for the role and the next steps program overall.
|
||||
- There will be 1 analyst initially. Depending on how the initial proposal goes there may need to be more analysts for future iterations of the grant program depending on the amount of work and the importance of sourcing.
|
||||
|
||||
The initial member selection for this proposal was done by looking for contributors and core community members who are motivated and have the skills to excel in their respective positions. Part of the reason for doing a shorter trial grant period was to test run the team and help us figure out what to select for going forward.
|
||||
|
||||
#### Compensation
|
||||
The majority of the work will fall onto the analyst and since Squid already works with Drift no compensation is necessary. Given the initial iteration of the grants program is designed to test requirements demand and workflows, the initial workload for the Decision Council is uncertain. For the initial grants program there will be no compensation for the Decision Council.
|
||||
|
||||
- Note: We expect the initial grants program to give clarity on workload and flush out expectations for roles. If the grants program is continued or scaled up it is expected that both Analyst and Decision Council roles will be compensated.
|
||||
|
||||
**Amount:** 100,000 DRIFT
|
||||
|
||||
We believe 100,000 DRIFT (~$40,000) will be enough to support the upside scenario of grant interest in the next two months. Any Drift not distributed will be returned to the DAO.
|
||||
|
||||
#### Use of funds
|
||||
|
||||
- Up to 100,000 Drift will be used to fund proposals supporting the community and ecosystem.
|
||||
|
||||
#### Process
|
||||
|
||||
The initial creation of the grants program will be decided upon in the futarchal markets. If passed, the process of approving grants will depend on the size of the grant.
|
||||
|
||||
- Community Initiative (Defined as <10,000 DRIFT)
|
||||
- The approval will be fully decided by the Decision Council to retain operational efficiency.
|
||||
- Project (Defined as >10,000 DRIFT)
|
||||
- The approval will be decided by pushing the grant as a proposal in the futarchic markets.
|
||||
- The Decision Council will vote to support these proposals. If supported the Analyst will work to help draft, market and support the proposal through the futarchic markets.
|
||||
|
||||
In both scenarios the team would be responsible for fulfilling the grant commitment and would be expected to support the grantee post approval.
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[drift]]"
|
||||
platform: "futardio"
|
||||
proposer: "Nallok, Divide"
|
||||
proposal_url: "https://www.futard.io/proposal/FXkyJpCVADXS6YZcz1Kppax8Kgih23t6yvze7ehELJpp"
|
||||
proposal_url: "https://v1.metadao.fi/drift/trade/FXkyJpCVADXS6YZcz1Kppax8Kgih23t6yvze7ehELJpp"
|
||||
proposal_date: 2024-11-25
|
||||
resolution_date: 2024-11-28
|
||||
category: "strategy"
|
||||
|
|
@ -49,3 +49,51 @@ This represents Drift's first documented use of futarchy for token listing decis
|
|||
- [[futardio]] - platform hosting the decision market
|
||||
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - this proposal passed with minimal market activity
|
||||
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] - liquidity concerns explicitly noted as risk factor
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
**Proposal Type**
|
||||
Token Listing Application
|
||||
|
||||
**Author(s)**
|
||||
Nallok, Divide
|
||||
|
||||
**Preamble**
|
||||
Drift is evaluating the use of futarchy for token listing. Futarchy is a process by which speculative markets make decisions, because markets aggregate information better, reduce bias, and incentivize accuracy versus a standard voting process. Or simply - markets make better decisions.
|
||||
|
||||
The goals of the futarchic listing process are i/ to empower the community to surface listings for Drift, ii/ better utilize governance, and iii/ to create a repeatable, lightweight process that will lead to more optimal use of Drift's development and listing resources.
|
||||
|
||||
Should this proposal pass, the META token will be prioritised to be listed on Drift for Spot and Perp trading. It will also serve as an experiment to help develop a decentralised listing process using futarchy.
|
||||
|
||||
**Overview**
|
||||
META is the tokenized representation of MetaDAO, the world's first market-governed organization. This mechanism is called Futarchy and was first created by George Mason University Economist Robin Hanson in 2001. Futarchy, which was first implemented onchain by MetaDAO, is designed to improve governance participation and incentivize more optimal decision-making, leading to better outcomes. The basic idea at the core of futarchy is that speculative markets are better decision-makers than voters. The advantage of using markets compared to traditional voting is that markets aggregate information better, reduce bias, and incentivize accuracy
|
||||
|
||||
**Token Utility**
|
||||
META is traded in conditional markets for decision making of the DAO. For every proposal, there's a pass market, where people speculate on what the value of the DAO would be if the proposal passed, and a fail market, where people speculate on what the value of the DAO would be if the proposal failed. Decisions are made based on the prices of these two markets. If the value of META is higher in the pass market than in the fail market, it means the market thinks that the proposal adds value. So it should pass. If the pass market is lower than the fail market, it means the market believes it destroys value. So it should fail.
|
||||
|
||||
**Why Prioritize This Listing**
|
||||
Historically, governance participation among token holders has been low and the processes to govern have not been user-friendly. To overcome these challenges, MetaDAO uses markets to make decisions, anything that can improve market utilization such as higher liquidity and perpetuals will allow for more information to be encoded into the decision making process. If traders have the ability to go long or short META they will have more capacity to trade the decision markets creating a flywheel between Drift Perps Markets and MetaDAO Decision Markets, ultimately creating more volume, more trades, new users, and better user retention.
|
||||
|
||||
**Risks**
|
||||
This token has low onchain liquidity and low trading volume. It has limited CEX exposure (only on CoinEX) and it is uncertain if there will be any increase in volume. Therefore, it can be highly volatile and susceptible to price manipulation, which poses a significant risk when offering futures or when used as collateral.
|
||||
|
||||
**Liquidity Incentives or Programs**
|
||||
If passed and listed, Drift would commit to a 1x multiplier for FUEL in the markets for spot deposits.
|
||||
|
||||
**Additional Information**
|
||||
MetaDAO is a novel approach to governance that has the potential to reshape how decisions are made on and off chain.
|
||||
|
||||
**Details**
|
||||
|
||||
| Token Name | META |
|
||||
| :---- | :---- |
|
||||
| Token Address | METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr |
|
||||
| Website | https://metadao.fi |
|
||||
| X Account | MetaDAOProject |
|
||||
| 7d Average Daily Trade Volume | $199.7k |
|
||||
| 30D Volume | $7.4M |
|
||||
| Fully Diluted Value (FDV) | $79.9M |
|
||||
| Markets Requested | Spot, Perps |
|
||||
| Team Doxed | Partially |
|
||||
| Token Launch Date | 2023-11-07 (past) |
|
||||
| Mint Authority Revoked | Yes |
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[futardio]]"
|
||||
platform: "futardio"
|
||||
proposer: "E2BjNZBAnT6yM52AANm2zDJ1ZLRQqEF6gbPqFZ51AJQh"
|
||||
proposal_url: "https://www.futard.io/proposal/2LKqzegdHrcrrRCHSuTS2fMjjJuZDfzuRKMnzPhzeD42"
|
||||
proposal_url: "https://v1.metadao.fi/futuredao/trade/2LKqzegdHrcrrRCHSuTS2fMjjJuZDfzuRKMnzPhzeD42"
|
||||
proposal_date: 2024-08-30
|
||||
resolution_date: 2024-09-02
|
||||
category: "grants"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[futardio]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
|
||||
proposal_url: "https://v1.metadao.fi/futuredao/trade/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
|
||||
proposal_date: 2024-06-14
|
||||
resolution_date: 2024-06-19
|
||||
category: "grants"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[futardio]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/iPzWdGBZiHMT5YhR2m4WtTNbFW3KgExH2dRAsgWydPf"
|
||||
proposal_url: "https://v1.metadao.fi/futuredao/trade/iPzWdGBZiHMT5YhR2m4WtTNbFW3KgExH2dRAsgWydPf"
|
||||
proposal_date: 2024-05-27
|
||||
resolution_date: 2024-05-31
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[futardio]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/HiNWH2uKxjrmqZjn9mr8vWu5ytp2Nsz6qLsHWa5XQ1Vm"
|
||||
proposal_url: "https://v1.metadao.fi/futuredao/trade/HiNWH2uKxjrmqZjn9mr8vWu5ytp2Nsz6qLsHWa5XQ1Vm"
|
||||
proposal_date: 2024-11-08
|
||||
resolution_date: 2024-11-11
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[git3]]"
|
||||
platform: "futardio"
|
||||
proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
|
||||
proposal_url: "https://v1.metadao.fi/git3/trade/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
|
||||
proposal_date: 2026-03-05
|
||||
resolution_date: 2026-03-06
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[hurupay]]"
|
||||
platform: futardio
|
||||
proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
|
||||
proposal_url: "https://v1.metadao.fi/hurupay/trade/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
|
||||
proposal_date: 2026-02-03
|
||||
resolution_date: 2026-02-07
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[insert-coin-labs]]"
|
||||
platform: futardio
|
||||
proposal_url: "https://www.futard.io/launch/62Yxd8gLQ2YYmY2TifhChJG4tVdf4b1oAHcMfwTL2WUu"
|
||||
proposal_url: "https://v1.metadao.fi/insert-coin-labs/trade/62Yxd8gLQ2YYmY2TifhChJG4tVdf4b1oAHcMfwTL2WUu"
|
||||
proposal_date: 2026-03-05
|
||||
resolution_date: 2026-03-06
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[island]]"
|
||||
platform: futardio
|
||||
proposer: "xpmaxxer"
|
||||
proposal_url: "https://www.futard.io/launch/FpFytak8JZwVntqDh9G95zqXXVJNXMxRFUYY959AXeZj"
|
||||
proposal_url: "https://v1.metadao.fi/island/trade/FpFytak8JZwVntqDh9G95zqXXVJNXMxRFUYY959AXeZj"
|
||||
proposal_date: 2026-03-04
|
||||
resolution_date: 2026-03-05
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[deans-list]]"
|
||||
platform: "futardio"
|
||||
proposer: "futard.io"
|
||||
proposal_url: "https://www.futard.io/proposal/8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h"
|
||||
proposal_url: "https://v1.metadao.fi/deans-list/trade/8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h"
|
||||
proposal_date: 2024-10-10
|
||||
resolution_date: 2024-10-14
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[manna-finance]]"
|
||||
platform: "futardio"
|
||||
proposer: "Manna Finance team"
|
||||
proposal_url: "https://www.futard.io/launch/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
|
||||
proposal_url: "https://v1.metadao.fi/manna-finance/trade/5whxoTjxW4oKeSN4C8yf5JUur7pcSChkPWgmhSZQ8oD5"
|
||||
proposal_date: 2026-03-03
|
||||
resolution_date: 2026-03-04
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
|
||||
proposal_date: 2024-03-26
|
||||
resolution_date: 2024-03-31
|
||||
category: "strategy"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg"
|
||||
proposal_url: "https://www.futard.io/proposal/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ"
|
||||
proposal_date: 2024-08-03
|
||||
resolution_date: 2024-08-07
|
||||
category: "strategy"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "doctor.sol & rar3"
|
||||
proposal_url: "https://www.futard.io/proposal/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU"
|
||||
proposal_date: 2024-03-03
|
||||
resolution_date: 2024-03-08
|
||||
category: treasury
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t & Nallok"
|
||||
proposal_url: "https://www.futard.io/proposal/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG"
|
||||
proposal_date: 2024-05-27
|
||||
resolution_date: 2024-05-31
|
||||
category: hiring
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "unknown"
|
||||
proposal_url: "https://www.futard.io/proposal/zN9Uft1zEsh9h7Wspeg5bTNirBBvtBTaJ6i5KcEnbAb"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/zN9Uft1zEsh9h7Wspeg5bTNirBBvtBTaJ6i5KcEnbAb"
|
||||
proposal_date: 2024-11-21
|
||||
resolution_date: 2024-11-25
|
||||
category: strategy
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
|
||||
proposal_date: 2024-01-12
|
||||
resolution_date: 2024-01-18
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "joebuild"
|
||||
proposal_url: "https://www.futard.io/proposal/CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG"
|
||||
proposal_date: 2024-01-24
|
||||
resolution_date: 2024-01-29
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "0xNallok"
|
||||
proposal_url: "https://www.futard.io/proposal/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc"
|
||||
proposal_date: 2024-03-13
|
||||
resolution_date: 2024-03-19
|
||||
category: strategy
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "agrippa"
|
||||
proposal_url: "https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
|
||||
proposal_date: 2024-02-20
|
||||
resolution_date: 2024-02-25
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
|
||||
proposal_date: 2023-12-16
|
||||
resolution_date: 2023-12-22
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e"
|
||||
proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
|
||||
proposal_date: 2024-02-05
|
||||
resolution_date: 2024-02-10
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX"
|
||||
proposal_date: 2024-06-26
|
||||
resolution_date: 2024-06-30
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Nallok, Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
|
||||
proposal_date: 2024-10-22
|
||||
resolution_date: 2024-10-26
|
||||
category: "hiring"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/AnCu4QFDmoGpebfAM8Aa7kViouAk1JW6LJCJJer6ELBF"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/AnCu4QFDmoGpebfAM8Aa7kViouAk1JW6LJCJJer6ELBF"
|
||||
proposal_date: 2025-02-10
|
||||
resolution_date: 2025-02-13
|
||||
category: hiring
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ"
|
||||
proposal_url: "https://www.futard.io/proposal/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
|
||||
proposal_account: "Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
|
||||
proposal_number: 10
|
||||
proposal_date: 2024-02-26
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi"
|
||||
proposal_date: 2023-12-03
|
||||
resolution_date: 2023-12-13
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HenryE & Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963"
|
||||
proposal_date: 2024-03-28
|
||||
resolution_date: 2024-04-03
|
||||
category: mechanism
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t & Kollan"
|
||||
proposal_url: "https://www.futard.io/proposal/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe"
|
||||
proposal_date: 2025-08-07
|
||||
resolution_date: 2025-08-10
|
||||
category: mechanism
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Ben Hawkins"
|
||||
proposal_url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK"
|
||||
proposal_date: 2024-02-13
|
||||
resolution_date: 2024-02-18
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: futardio
|
||||
proposer: pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8
|
||||
proposal_url: "https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1"
|
||||
proposal_date: 2024-03-19
|
||||
resolution_date: 2024-03-24
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
||||
proposal_url: "https://www.futard.io/proposal/H59VHchVsy8UVLotZLs7YaFv2FqTH5HAeXc4Y48kxieY"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/H59VHchVsy8UVLotZLs7YaFv2FqTH5HAeXc4Y48kxieY"
|
||||
proposal_date: 2024-02-18
|
||||
resolution_date: 2024-02-23
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/3tApJXw2REQAZZyehiaAnQSdauVNviNbXsuS4inn8PAe"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/3tApJXw2REQAZZyehiaAnQSdauVNviNbXsuS4inn8PAe"
|
||||
proposal_date: 2025-01-27
|
||||
resolution_date: 2025-01-30
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Proph3t & Kollan"
|
||||
proposal_url: "https://www.futard.io/proposal/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef"
|
||||
proposal_date: 2025-02-26
|
||||
resolution_date: 2025-03-01
|
||||
category: strategy
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "Nallok, Proph3t"
|
||||
proposal_url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
|
||||
proposal_date: 2024-08-31
|
||||
resolution_date: 2024-09-03
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "@Richard_ISC"
|
||||
proposal_url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
|
||||
proposal_date: 2024-10-30
|
||||
resolution_date: 2024-11-03
|
||||
category: "treasury"
|
||||
|
|
|
|||
|
|
@ -10,7 +10,7 @@ last_updated: 2026-03-11
|
|||
parent_entity: "[[metadao]]"
|
||||
platform: "futardio"
|
||||
proposer: "@aradtski"
|
||||
proposal_url: "https://www.futard.io/proposal/CBhieBvzo5miQBrdaM7vALpgNLt4Q5XYCDfNLaE2wXJA"
|
||||
proposal_url: "https://v1.metadao.fi/MetaDAO/trade/CBhieBvzo5miQBrdaM7vALpgNLt4Q5XYCDfNLaE2wXJA"
|
||||
proposal_date: 2025-01-28
|
||||
resolution_date: 2025-01-31
|
||||
category: mechanism
|
||||
|
|
|
|||
|
|
@ -0,0 +1,69 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "ORE: Adopt a sublinear supply function?"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[ore]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://v1.metadao.fi/ore/trade/5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L"
|
||||
proposal_date: 2024-11-18
|
||||
resolution_date: 2024-11-22
|
||||
category: "mechanism"
|
||||
summary: "Reduce ORE supply cap from 21M to 5M tokens and implement 10% annual emissions reduction, creating scarcer distribution than Bitcoin"
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# ORE: Adopt a sublinear supply function?
|
||||
|
||||
## Summary
|
||||
ORE approved a fundamental change to its tokenomics: reducing the supply cap from 21 million to 5 million tokens and implementing a 10% annual reduction in emissions rate (replacing infrequent halvings). The new curve reaches 50% dilution by ~year 5, 90% by ~year 18, and full dilution by ~2052. This makes ORE an order of magnitude scarcer than Bitcoin when fully diluted.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposal Account:** 5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L
|
||||
- **Proposal Number:** 2
|
||||
- **DAO Account:** 7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D
|
||||
- **Duration:** 2024-11-18 to 2024-11-22
|
||||
|
||||
## Supply Schedule
|
||||
| Year | Circulating | Dilution |
|
||||
|------|------------|----------|
|
||||
| ~5 | 2.5M | 50% |
|
||||
| ~18 | 4.5M | 90% |
|
||||
| ~28 | 5M | 100% |
|
||||
|
||||
## Significance
|
||||
This represents futarchy governing a critical monetary policy decision — the permanent supply curve of a proof-of-work token. The market approved a more deflationary model that balances competing community preferences: reduced FDV (addressing buyer sticker shock), faster-than-Bitcoin decay, order-of-magnitude scarcity, and ~30 years of mining runway. Described as "a major step forward in ORE's hardening process" toward freezing the contract permanently.
|
||||
|
||||
## Relationship to KB
|
||||
- [[ore]] — parent entity, monetary policy
|
||||
- [[futardio]] — 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 concept
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-11-18*
|
||||
|
||||
Should ORE migrate to a deflationary emissions curve and reduce the supply cap to 5m tokens?
|
||||
|
||||
When ORE launched in April 2024, it was built with a linear emissions rate of 1 ORE/min and uncapped total supply. In response to overwhelming feedback from the community, we introduced an artificial supply cap of 21m tokens in the redesign of v2.
|
||||
|
||||
Over the last few months, the ORE community has continued to voice interest in accelerating ORE's distribution. After considering a series of alternative models, we propose:
|
||||
|
||||
1. Reduce the supply cap from 21m to 5m tokens
|
||||
2. Reduce the emissions rate by 10% every 12 months
|
||||
|
||||
ORE's current limit of 21m tokens was originally chosen to mimic Bitcoin's total supply count. With a supply cap 4.2x lower, ORE's supply will be an order of magnitude more scarce than Bitcoin when fully-diluted.
|
||||
|
||||
Rather than infrequent "halvings" every 4 years, we believe ORE's mission would be better served by reducing emissions at a more gradual 10% per year. This would provide a faster, smoother, and scarcer distribution curve than Bitcoin.
|
||||
|
||||
We believe these changes strike an ideal balance:
|
||||
- Reduces FDV to address sticker shock of buyers
|
||||
- Introduces a deflationary curve that decays faster than Bitcoin
|
||||
- Caps the supply an order of magnitude more scarce than Bitcoin
|
||||
- Provides ~30 years of mining runway for onboarding and liquidity incentives
|
||||
|
||||
If passed, we will implement these changes and migrate the mainnet mining program. This would represent a major step forward in ORE's hardening process and bring us one step closer towards freezing the contract for good.
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[ore]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC"
|
||||
proposal_url: "https://v1.metadao.fi/ore/trade/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC"
|
||||
proposal_date: 2024-10-22
|
||||
resolution_date: 2024-10-26
|
||||
category: "mechanism"
|
||||
|
|
@ -54,3 +54,21 @@ This proposal demonstrates futarchy's application to operational parameter tunin
|
|||
- [[futardio]] — platform used for decision market
|
||||
- MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions — extends pattern to operational parameters
|
||||
- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] — demonstrates indirect token-price reasoning through liquidity depth
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-10-22*
|
||||
|
||||
This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
|
||||
|
||||
Boosts are an ORE-native incentive mechanism for turning capital into "virtual hashpower". They allow miners to stake select tokens and earn multipliers on their mining rewards. Currently, ORE supports boost multipliers for 3 different tokens:
|
||||
- ORE-SOL LP (4x)
|
||||
- ORE-ISC LP (4x)
|
||||
- ORE (2x)
|
||||
|
||||
With the launch of boosts just over one week ago, ORE saw a significant rise in the total value of liquidity provided to the boosted trading pools. This proposal seeks to increase the multiplier for the ORE-SOL LP to further increase liquidity and better understand how boost multipliers affect the targeted markets.
|
||||
|
||||
**Objectives:**
|
||||
1. Increase TVL in the ORE-SOL liquidity pool — higher multipliers counterbalance LP risk in volatile pairs
|
||||
2. Gather data to understand how changes in boost multipliers affect liquidity — first-ever multiplier change provides natural experiment
|
||||
3. Introduce futarchy to the ORE community — low-risk testrun before considering integration into critical systems like the supply function
|
||||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: passed
|
||||
parent_entity: "[[ore]]"
|
||||
platform: "futardio"
|
||||
proposal_url: "https://www.futard.io/proposal/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A"
|
||||
proposal_url: "https://v1.metadao.fi/ore/trade/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A"
|
||||
proposal_date: 2024-11-25
|
||||
resolution_date: 2024-11-28
|
||||
category: "strategy"
|
||||
|
|
@ -45,3 +45,19 @@ This proposal demonstrates futarchy pricing strategic partnerships and network p
|
|||
- [[ore]] — parent entity
|
||||
- [[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
|
||||
- [[futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs]] — strategic evaluation through conditional markets
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-11-25*
|
||||
|
||||
Should ORE launch a boost for HNT-ORE liquidity?
|
||||
|
||||
Our primary strategic goal for ORE defi is to build up a deep liquidity network consisting of all real world assets on Solana. As the central hub of this network, ORE would reduce costs and minimize slippage for traders by increasing the depth and diversity of liquidity in the network. By focusing exclusively on real world assets such as tokenized commodities and DePIN credits, ORE would uniquely position itself as a competitive unit of account for assets representing real world value in the Solana defi ecosystem.
|
||||
|
||||
As a revolutionary new wireless networking protocol, Helium is one of the flagship DePIN projects on Solana and all of crypto. HNT (Helium Network Token) is the primary reward and governance token of the Helium network. With the passing of HIP-138, Helium is consolidating its network tokenomics around the HNT token, making it an ideal candidate for the next token in the ORE liquidity network.
|
||||
|
||||
With the passing of this proposal, we would introduce a new boost with the same multiplier value as the ORE-ISC liquidity pair. We would additionally commit to formalizing a 3-tier system for boosts multipliers:
|
||||
- Tier 1: Vanilla ORE stake
|
||||
- Tier 2: Critical liquidity pairs (SOL-ORE, USDC-ORE)
|
||||
- Tier 3: Extended liquidity pairs (ISC-ORE, HNT-ORE, and others)
|
||||
Future proposals to change boost multipliers would apply to a tier as a whole.
|
||||
|
|
|
|||
48
decisions/internet-finance/ore-launch-usdc-boost.md
Normal file
48
decisions/internet-finance/ore-launch-usdc-boost.md
Normal file
|
|
@ -0,0 +1,48 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "ORE: Launch a boost for USDC-ORE?"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[ore]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://v1.metadao.fi/ore/trade/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N"
|
||||
proposal_date: 2024-12-04
|
||||
resolution_date: 2024-12-07
|
||||
category: "mechanism"
|
||||
summary: "Launch USDC-ORE liquidity boost via Kamino vault at same multiplier as ORE-SOL, positioning USDC as strategic liquidity pair"
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# ORE: Launch a boost for USDC-ORE?
|
||||
|
||||
## Summary
|
||||
ORE approved launching a USDC-ORE liquidity boost incentive, creating a Kamino vault with the same boost multiplier as the ORE-SOL pair. The proposal positions USDC as a strategically important market for ORE's liquidity network, connecting ORE to the traditional financial system through Circle's dollar-backed stablecoin.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposal Account:** GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N
|
||||
- **Proposal Number:** 3
|
||||
- **DAO Account:** 7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D
|
||||
- **Duration:** 2024-12-04 to 2024-12-07
|
||||
|
||||
## Significance
|
||||
Third ORE futarchy proposal, expanding the liquidity network from crypto-native pairs (SOL, ISC, HNT) to stablecoins. Positions ORE as a bridge between DeFi and traditional finance on Solana.
|
||||
|
||||
## Relationship to KB
|
||||
- [[ore]] — parent entity, liquidity strategy
|
||||
- [[futardio]] — governance platform
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2024-12-04*
|
||||
|
||||
Should ORE launch a boost incentive for USDC-ORE liquidity?
|
||||
|
||||
Our mission with ORE is to create the best digital gold product in crypto. To accomplish this, we need to drive deep liquidity for ORE across a variety of assets in Solana defi.
|
||||
|
||||
USDC is a stablecoin, pegged to the US dollar, and fully-backed by dollars and treasuries held in US banks by Circle. It is one of the lynchpin assets connecting Solana to the traditional financial system. It therefore represents a strategically important market for ORE to target with liquidity incentives.
|
||||
|
||||
With the passing of this proposal, we would launch a USDC-ORE vault on Kamino and set it up with the same boost multiplier as the ORE-SOL Kamino liquidity pair.
|
||||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: passed
|
||||
parent_entity: "[[paystream]]"
|
||||
platform: "futardio"
|
||||
proposal_url: "https://www.futard.io/launch/13YpYe4k5GPaD2vZvvY7v7if31S1Wu8yWShkQs8MzLNh"
|
||||
proposal_url: "https://v1.metadao.fi/paystream/trade/13YpYe4k5GPaD2vZvvY7v7if31S1Wu8yWShkQs8MzLNh"
|
||||
proposal_date: 2025-10-23
|
||||
resolution_date: 2025-10-27
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[runbookai]]"
|
||||
platform: futardio
|
||||
proposal_url: "https://www.futard.io/launch/9DfNVpcDm6x1GXUa8wik8YVZhiw7dTmmhefVBWVZuAg8"
|
||||
proposal_url: "https://v1.metadao.fi/runbookai/trade/9DfNVpcDm6x1GXUa8wik8YVZhiw7dTmmhefVBWVZuAg8"
|
||||
proposal_date: 2026-03-05
|
||||
resolution_date: 2026-03-06
|
||||
category: fundraise
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[salmon-wallet]]"
|
||||
platform: futardio
|
||||
proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
|
||||
proposal_url: "https://v1.metadao.fi/salmon-wallet/trade/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
|
||||
proposal_date: 2026-03-03
|
||||
resolution_date: 2026-03-04
|
||||
category: fundraise
|
||||
|
|
|
|||
113
decisions/internet-finance/sanctum-build-mobile-app-wonder.md
Normal file
113
decisions/internet-finance/sanctum-build-mobile-app-wonder.md
Normal file
|
|
@ -0,0 +1,113 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "Sanctum: Should Sanctum build a Sanctum Mobile App (Wonder)?"
|
||||
domain: internet-finance
|
||||
status: failed
|
||||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "Sanctum team"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/2frDGSg1frwBeh3bc6R7XKR2wckyMTt6pGXLGLPgoota"
|
||||
proposal_date: 2025-03-28
|
||||
resolution_date: 2025-03-31
|
||||
category: "strategy"
|
||||
summary: "Sanctum proposed building mobile app 'Wonder' as crypto consumer onboarding product — team reserved discretion but put strategic direction to futarchy vote. Failed."
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# Sanctum: Should Sanctum build a Sanctum Mobile App (Wonder)?
|
||||
|
||||
## Summary
|
||||
Sanctum proposed building a mobile app codenamed "Wonder" — a consumer-facing crypto onboarding product targeting non-speculative users who want yield, community, and a delightful UX. Despite not involving community CLOUD funds, the team put this product direction to futarchy vote as "the largest product decision ever made by the Sanctum team." Core features: automatic yield on assets, gasless trades, fiat offramps, curated project discovery (including potential MetaDAO launchpad integration). Revenue models: AUM fees, swap fees, subscription fees. The proposal failed, suggesting the market preferred the team focus on core B2B staking infrastructure.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Failed
|
||||
- **Proposer:** Sanctum team
|
||||
- **Proposal Account:** 2frDGSg1frwBeh3bc6R7XKR2wckyMTt6pGXLGLPgoota
|
||||
- **Duration:** 2025-03-28 to ~2025-03-31
|
||||
|
||||
## Strategic Context
|
||||
- **Opportunity cost acknowledged:** Building mobile app diverts resources from core B2B staking business and institutional liquid staking
|
||||
- **Competitive reference:** Phantom ($3B valuation), Jupiter ($1.7B market cap / $6.2B FDV), MetaMask ($320M swap fees, Consensys $2.3B secondary)
|
||||
- **Target users:** "Good (agentic, integrous, open-minded, earnest) people" — not memecoin traders
|
||||
- **Go-to-market:** Closed beta with top CLOUD stakers (by staking score), invite codes, iterate to find killer feature
|
||||
- **Team reserved discretion** to modify features and go-to-market
|
||||
|
||||
## Significance
|
||||
This is the most consequential use of futarchy for strategic product direction rather than treasury allocation. The team explicitly chose to put a major strategic pivot to market vote despite having no obligation to do so ("this is not a proposal that involves community CLOUD funds"). The failure demonstrates futarchy's ability to override team preferences on strategic direction — the market effectively told the team to stay focused on core infrastructure. This supports the claim that [[coin price is the fairest objective function for asset futarchy]] since token holders optimized for protocol value by rejecting a risky pivot.
|
||||
|
||||
The "curate the best, most aligned projects — MetaDAO launchpad integration?" bullet is particularly notable as an early signal of Sanctum exploring the MetaDAO ecosystem as a distribution channel.
|
||||
|
||||
## Relationship to KB
|
||||
- [[sanctum]] — product strategy governance decision
|
||||
- [[coin price is the fairest objective function for asset futarchy]] — market rejected team's strategic preference
|
||||
- [[futarchy-markets-can-reject-solutions-to-acknowledged-problems-when-the-proposed-solution-creates-worse-second-order-effects-than-the-problem-it-solves]] — opportunity cost of pivot outweighed potential
|
||||
- [[sanctum-wonder-mobile-app-proposal-failed-futarchy-vote-march-2025]] — existing claim about this event
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2025-03-28*
|
||||
|
||||
### tl;dr
|
||||
|
||||
This proposal would empower the Sanctum team to build a Sanctum mobile app, codenamed "Wonder".
|
||||
Even though this is not a proposal that involves community CLOUD funds, this is going to be the largest product decision ever made by the Sanctum team, so we want to put it up to governance vote. We're excited about this direction but still want to gut check with the community.
|
||||
|
||||
### what
|
||||
|
||||
Our goal is to onboard more good (agentic, integrous, open-minded, earnest) people onto the magical new world of crypto. Wonder would be a mobile app that maximally serves these users.
|
||||
|
||||
Why would these users want to be on chain? They are unlikely to want to trade memecoins. But they would be interested in earning/raising money on crypto to fund their ambitions, holding assets with long-term real yield, and participating, belonging, and interacting with other like-minded people.
|
||||
|
||||
Core goals of Wonder:
|
||||
|
||||
* to make the new user UX safe and easy (no seed phrases)
|
||||
* to put people first (profiles, not wallet addresses), and
|
||||
* to maximise love, fun, and delight
|
||||
|
||||
(potential) core product features:
|
||||
|
||||
* automatically gives you great yields on your assets
|
||||
* shows you how much money you've made from your yield-bearing assets (SOL, JUP, CLOUD, USDC)
|
||||
* gasless trades/transfers
|
||||
* lets you spend and offramp your money via card or bank transfer
|
||||
* curates the best, most aligned projects so you can participate or invest in them
|
||||
* MetaDAO launchpad integration?
|
||||
|
||||
potential monetisation models:
|
||||
|
||||
* AUM fees on deposits
|
||||
* swap fees
|
||||
* subscription fees
|
||||
|
||||
### why
|
||||
|
||||
The Business Case:
|
||||
|
||||
* There's immense value in products that touch the end-user. Google, Netflix, Amazon, Zillow, and Expedia all capture substantial value through being "the place the user comes to when they want to explore." Wonder would do the same for crypto.
|
||||
* Abnormal profits come from pricing power. And pricing power comes from consumers having a reason not to switch to alternatives. Consumers, especially in financial services, are sticky and prefer to stick to what they already know.
|
||||
* The market has recognized this opportunity. Phantom recently raised at a $3B valuation. Jupiter trades at a $1.7B market cap and $6.2B FDV. MetaMask made $320M in swap fees and is one of the reasons why Consensys is worth $2.3B in secondary markets.
|
||||
|
||||
Team:
|
||||
We have a track record of making things fun, building delightful products, simplifying very complex concepts. We made futarchy fun and accessible. I mean we made liquid staking fun for gods sake.
|
||||
At the same time, we have a reputation for competence and safety — today, Sanctum safeguards over 1B in funds.
|
||||
|
||||
Personal:
|
||||
A month ago I saw my 17 year old cousin open up his phone. He was trading TRUMP on Moonshot, looking at his portfolio go from $6 to $4.60 (lol). I was really happy that crypto has conclusively come to the mainstream, but also sad that that was his first experience with crypto.
|
||||
Crypto has a lot more to offer than trading memecoins, but it seems like everyone is focused on building apps for that. I want to build the right introduction to crypto: the app we all deserve, but no one is building.
|
||||
|
||||
### go-to-market
|
||||
|
||||
The goal is to build out a minimally delightful product with just one killer feature — but some iteration will be required to find that feature.
|
||||
To get our first users, we'll run a very intimate, high-touch closed beta with our best cloudmen (probably initiated by staking score) — each of them would have some small numbers of invite codes. We'll use that to iterate on the product and find that killer feature.
|
||||
Once we are sure we have a compelling product and hook, we'll look to distribute to the broader crypto audience.
|
||||
|
||||
### considerations
|
||||
|
||||
The largest consideration here is opportunity cost. Building this mobile app will require significant resources and will affect to some degree our focus on scale the core business. The alternative is to stay the course and focus solely on growing Sanctum as a B2B staking business or going into institutional liquid staking (more CEXes, building out custodial products, locked SOL, etc.)
|
||||
Other considerations include: building mobile consumer apps is notoriously hard, and value capture is not completely clear, especially if we don't focus on capturing the users which have max trading volumes.
|
||||
|
||||
### discretion
|
||||
|
||||
The Sanctum core team reserves the right to change details of the prospective features or go-to-market if we deem it better for the product.
|
||||
|
|
@ -0,0 +1,50 @@
|
|||
---
|
||||
type: decision
|
||||
entity_type: decision_market
|
||||
name: "Sanctum: Should Sanctum change its logo on its website and socials?"
|
||||
domain: internet-finance
|
||||
status: passed
|
||||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "Sanctum team"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/7FY4dgYDX8xxwCczrgstUwuNEC9NMV1DWXz31rMnGNTv"
|
||||
proposal_date: 2025-02-03
|
||||
resolution_date: 2025-02-06
|
||||
autocrat_version: "0.3"
|
||||
category: "community"
|
||||
summary: "Fun governance experiment — temporarily change Sanctum logo for one week to familiarize community with futarchy voting UI"
|
||||
tracked_by: rio
|
||||
created: 2026-03-24
|
||||
---
|
||||
|
||||
# Sanctum: Should Sanctum change its logo on its website and socials?
|
||||
|
||||
## Summary
|
||||
Sanctum's inaugural futarchy proposal (CLOUD-0) — explicitly framed as a "fun proposal" to onboard the community to futarchy governance mechanics. If passed, Sanctum would temporarily change its logo on website and socials to a community-edited version for one week. The proposal passed on 2025-02-06, serving as a low-stakes test of the governance UI before higher-stakes proposals.
|
||||
|
||||
## Market Data
|
||||
- **Outcome:** Passed
|
||||
- **Proposal Account:** 7FY4dgYDX8xxwCczrgstUwuNEC9NMV1DWXz31rMnGNTv
|
||||
- **Proposal Number:** CLOUD-0 (Sanctum's zeroth governance proposal)
|
||||
- **Duration:** 2025-02-03 to 2025-02-06 (3 days deliberation + 3 days voting)
|
||||
|
||||
## Significance
|
||||
This proposal is the futarchy equivalent of a "hello world" — a deliberately low-stakes decision designed to teach the community how the governance UI works before real treasury decisions are tabled. The explicit framing ("This is a fun proposal, meant to get people familiar with the Governance UI") demonstrates Sanctum's staged adoption strategy: start with trivial decisions to build muscle memory, then escalate to consequential ones. This mirrors the pattern seen in [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]].
|
||||
|
||||
## Relationship to KB
|
||||
- [[sanctum]] — first governance decision (CLOUD-0)
|
||||
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — deliberate low-stakes onboarding to reduce adoption friction
|
||||
- [[futardio]] — governance platform
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: Sanctum governance forum, tabled 2025-02-03*
|
||||
|
||||
This is a fun proposal, meant to get people familiar with the Governance UI and how Sanctum Governance will work. All proposals have a deliberation process before officially tabled up to governance. This proposal has the following timeline:
|
||||
|
||||
- 3 days deliberation
|
||||
- 3 days voting
|
||||
|
||||
CLOUD-0: Should Sanctum change its logo on its website and socials?
|
||||
|
||||
This proposal would approve the temporary change of the Sanctum logo on its website and socials to the following logo for one week after the successful conclusion of the vote.
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf"
|
||||
proposal_date: 2025-02-06
|
||||
resolution_date: 2025-02-09
|
||||
autocrat_version: "0.3"
|
||||
|
|
@ -59,3 +59,34 @@ The 30M CLOUD allocation (3% of supply) is substantial, indicating Sanctum's com
|
|||
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — explicitly acknowledges and manages adoption friction
|
||||
- staking-lockups-mitigate-keynesian-beauty-contest-in-futarchy-by-forcing-long-term-holder-participation — mechanism rationale
|
||||
- active-staking-rewards-incentivize-futarchy-participation-by-compensating-governance-effort-with-token-distributions — mechanism rationale
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: Sanctum governance forum, tabled 2025-02-06*
|
||||
|
||||
This proposal would approve the implementation of CLOUD staking and 30M CLOUD (3% of total supply) to fund rewards for staked CLOUD, conditional upon active governance participation ("active staking rewards").
|
||||
|
||||
### Why staking?
|
||||
The primary potential failure mode of futarchy is the "Keynesian beauty contest". There is a danger that traders predict not whether the proposal is net positive, but whether or not other people think the proposal is net positive. This can create a self-reinforcing cycle disconnected from reality — leading to a dangerous outcome where policies are passed based on momentum and narrative, not actual value.
|
||||
|
||||
One very promising solution is to use staking; that is, to use staked CLOUD (sCLOUD) as the base asset to participate in the futarchic markets. This staked CLOUD will have a 30 day linearly vesting lockup (linearly vesting means that if you unstake 100 sCLOUD, you will be able to claim ~3.3 CLOUD every day), which will incentivise long-term holders to participate. We believe this will significantly mitigate the Keynesian beauty contest problem.
|
||||
|
||||
CLOUD staking could also be used as a separating mechanism to preferentially reward long-term holders in the future. But that's outside the scope of this proposal.
|
||||
|
||||
### Why active staking rewards?
|
||||
Governance requires time and effort, especially something new like futarchy. By rewarding those who spend their time and effort to participate, we will encourage more participation, which means better decisions overall due to the wisdom of the crowds.
|
||||
|
||||
### How would active staking rewards be implemented?
|
||||
We propose to use 30M CLOUD to fund rewards for active governance participants over the next six months.
|
||||
|
||||
Voters would get a pro rata share of CLOUD equal to your overall staking score (staked CLOUD amount * time) multiplied by the number of votes you participated in after this proposal. To be counted as participating in a proposal, one must have a minimum trading volume of at least 10 USDC in each proposal, regardless of if it passes or fails.
|
||||
|
||||
We propose to split this 30M CLOUD into two tranches of 15M each and distribute CLOUD quarterly. We plan to distribute the first tranche ~3 months after the passing of this proposal.
|
||||
|
||||
### What will happen if this proposal passes?
|
||||
|
||||
If this proposal passes, we will implement staking and start tracking staked CLOUD balances. Starting from CLOUD-2 (the next proposal after this), voting participation will also be tracked for the purposes of ASR.
|
||||
|
||||
We will eventually transition voting from CLOUD/USDC to sCLOUD/USDC, but whilst governance is still new and confusing for most, we will hold off on this transition for now. We will take a temperature check after a couple of votes and transition once people are comfortable.
|
||||
|
||||
We aim to run new proposals every two weeks, with a one week deliberation period + 3 day voting period.
|
||||
|
|
@ -7,7 +7,7 @@ status: passed
|
|||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
|
||||
proposal_date: 2025-03-05
|
||||
resolution_date: 2025-03-08
|
||||
category: "treasury"
|
||||
|
|
@ -45,3 +45,19 @@ Demonstrates futarchy application to treasury-funded growth initiatives where th
|
|||
- [[sanctum]] - treasury allocation 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 - mechanism used
|
||||
- MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions - exemplifies pattern
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: Sanctum governance forum, tabled 2025-03-05*
|
||||
|
||||
INF has been one of the best SOL-based assets for a long time now. It just slightly underperforms the best available LST on the market but outperforms the two most popular LSTs on Solana, mSOL and jitoSOL.
|
||||
|
||||
Despite INF's strong performance, the INF-SOL liquidity isn't deep enough currently. This is a concern for large depositors who wish to exit INF in size. Additionally, If INF is to become the liquidity nexus of Solana for all LSTs, it will require a deep pool of SOL native liquidity. We therefore wish to grow SOL native liquidity by incentivising INF-SOL Kamino vaults.
|
||||
|
||||
Why Kamino vaults? More than 95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults which suggests that users aren't keen to provide liquidity unless their positions are managed by a third-party, and automatically rebalanced.
|
||||
|
||||
The INF-SOL Kamino vault strategy has been a great place to park your INF. In fact, the INF-SOL vault has outperformed a 100% INF HODL strategy, most likely because of the very high capital velocity (high trading volume relative to TVL).
|
||||
|
||||
The industry standard is to offer LPs a 15% combined (fees + incentives combined) annual yield. To incentivise initial liquidity even more, we propose to offer LPs a 20% yield for the first month, then dropping to 15% henceforth. Depending on TVL increase/decrease and price of CLOUD, the Kamino team will be in charge of guaranteeing a 15% APY on up to $2.5M TVL, or until 2.5M CLOUD is exhausted, whichever comes first.
|
||||
|
||||
Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj"
|
||||
proposal_date: 2025-10-22
|
||||
resolution_date: 2025-10-25
|
||||
category: "treasury"
|
||||
|
|
@ -42,3 +42,52 @@ This proposal represents a test case for futarchy-governed treasury management w
|
|||
- [[defiance-capital]] - proposing entity
|
||||
- [[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
|
||||
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - treasury management pattern
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2025-10-22*
|
||||
|
||||
**TLDR**
|
||||
|
||||
DeFiance Capital proposes to purchase 5% (13.7m CLOUD) of the CLOUD community reserve tokens. As a long-term strategic partner since 2021, we aim to deepen our commitment to Sanctum while continuing to provide strategic value through our extensive network in both crypto and TradFi sectors.
|
||||
|
||||
**Summary**
|
||||
|
||||
This proposal outlines DeFiance Capital's intention to purchase CLOUD tokens directly from the Sanctum community reserve. Our multi-year partnership has consistently delivered value through capital deployment, strategic introductions, and ecosystem development. This acquisition represents a natural progression of our relationship and aligns our interests further with the Sanctum community's long-term success.
|
||||
|
||||
**About DeFiance Capital**
|
||||
|
||||
Founded by Arthur Cheong (@Arthur_0x), DeFiance Capital is a prominent crypto investment firm with a strong footprint globally. The firm specializes in liquid token investments with high growth potential, driven by a thesis-based, fundamentally grounded approach.
|
||||
|
||||
**Background & Partnership History**
|
||||
|
||||
DeFiance Capital and Sanctum have maintained a strong strategic partnership since 2021. Our relationship began with our initial investment in Sanctum, where we not only provided capital but also leveraged our network to connect the team with other major funds, helping to establish Sanctum's position in the ecosystem.
|
||||
|
||||
**On-going Contributions**
|
||||
|
||||
* **LST Partnership Development**: Facilitated key introductions between Sanctum and various Solana DATs (Digital Asset Treasuries), enabling strategic LST partnerships.
|
||||
* **Market Exposure**: Actively encouraged the team to present CLOUD at industry events and worked collaboratively to refine their pitch.
|
||||
* **Strategic Advisory**: Ongoing guidance on positioning and growth strategy within the Solana ecosystem.
|
||||
|
||||
**Future Value Addition**
|
||||
|
||||
1. **Institutional Promotion**: Active promotion of Sanctum's products to extensive network of crypto funds and traditional finance institutions.
|
||||
2. **DAT Integration**: Facilitate seamless integration with all major DATs.
|
||||
3. **Strategic Advisory**: Continue providing strategic guidance on product development, partnerships, and market positioning.
|
||||
|
||||
**Acquisition Terms**
|
||||
|
||||
* **Amount**: 13.7M CLOUD (5% of Community Reserve supply)
|
||||
* **Price**: $0.12 (30-day TWAP at proposal submission)
|
||||
* **Payment Currency:** USDC
|
||||
* **Payment to**: Sanctum Community Reserve
|
||||
|
||||
**Use of Proceeds**
|
||||
|
||||
The cash raised will be transferred to Sanctum's Community Reserve to accelerate ecosystem development and strengthen operational capabilities.
|
||||
|
||||
**Transparency & Governance**
|
||||
|
||||
* All transactions executed fully on-chain
|
||||
* Complete transparency of token acquisition and holdings
|
||||
* Adherence to all governance processes established by Sanctum
|
||||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[sanctum]]"
|
||||
platform: "futardio"
|
||||
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
|
||||
proposal_url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX"
|
||||
proposal_url: "https://v1.metadao.fi/sanctum/trade/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX"
|
||||
proposal_account: "C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX"
|
||||
proposal_date: 2025-08-20
|
||||
resolution_date: 2025-08-23
|
||||
|
|
@ -37,3 +37,15 @@ This proposal represents an alternative approach to the token vesting hedgeabili
|
|||
- [[time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked]] - alternative mechanism to hedging
|
||||
- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - demonstrates complexity friction
|
||||
- [[MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions]] - low volume uncontested decision pattern
|
||||
|
||||
## Full Proposal Text
|
||||
|
||||
*Source: futard.io, tabled 2025-08-20*
|
||||
|
||||
9% of token supply from investors is currently unlocking monthly for next 24 months.
|
||||
|
||||
This proposal would empower the Sanctum Team to offer investors immediate unlocks of their vesting CLOUD, forfeiting 35% of their CLOUD to the Team Reserve (which the team undertakes not to redistribute for at least the next 24 months).
|
||||
|
||||
The net result would be an increase of up to 27 million additional CLOUD to the Team Reserve & a decreased token overhang.
|
||||
|
||||
Read the full proposal here https://research.sanctum.so/t/cloud-005-should-sanctum-offer-investors-early-unlocks-of-their-cloud-under-deliberation/1793
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[seekervault]]"
|
||||
platform: "futardio"
|
||||
proposer: "gbflarcos, Beardkoda"
|
||||
proposal_url: "https://www.futard.io/launch/7AMzZD3JZ15FCX2eoC17KgJD5Ywum9J5i7E9BAbgc2vi"
|
||||
proposal_url: "https://v1.metadao.fi/seekervault/trade/7AMzZD3JZ15FCX2eoC17KgJD5Ywum9J5i7E9BAbgc2vi"
|
||||
proposal_date: 2026-03-08
|
||||
resolution_date: 2026-03-09
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: passed
|
||||
parent_entity: "[[superclaw]]"
|
||||
platform: "futardio"
|
||||
proposal_url: "https://www.futard.io/launch/5BV8dmpaYz7Rj54EFisJiw2EjfgupqAELbjy5mV5sCrE"
|
||||
proposal_url: "https://v1.metadao.fi/superclaw/trade/5BV8dmpaYz7Rj54EFisJiw2EjfgupqAELbjy5mV5sCrE"
|
||||
proposal_date: 2026-03-04
|
||||
resolution_date: 2026-03-05
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[test-dao]]"
|
||||
platform: "futardio"
|
||||
proposer: "BF8hxzzR4KuVxfsyAUFyy26E6y2GhsSZgBoUQrygwof1"
|
||||
proposal_url: "https://www.futard.io/proposal/35mgLHTJYhyEWjsLHDd4jZNQ6jwuZ4E214TUm1hA8vB2"
|
||||
proposal_url: "https://v1.metadao.fi/test-dao/trade/35mgLHTJYhyEWjsLHDd4jZNQ6jwuZ4E214TUm1hA8vB2"
|
||||
proposal_date: 2025-07-02
|
||||
resolution_date: 2025-07-02
|
||||
category: "mechanism"
|
||||
|
|
|
|||
|
|
@ -7,7 +7,7 @@ status: failed
|
|||
parent_entity: "[[futardio]]"
|
||||
platform: "futardio"
|
||||
proposer: "unknown"
|
||||
proposal_url: "https://www.futard.io/launch/9VHgNjV7Lg7t6o6QqSa3Jjj1TNXftxGHnLMQFtcqpK5J"
|
||||
proposal_url: "https://v1.metadao.fi/futuredao/trade/9VHgNjV7Lg7t6o6QqSa3Jjj1TNXftxGHnLMQFtcqpK5J"
|
||||
proposal_date: 2026-03-03
|
||||
resolution_date: 2026-03-03
|
||||
category: "fundraise"
|
||||
|
|
|
|||
|
|
@ -6,7 +6,7 @@ domain: internet-finance
|
|||
status: failed
|
||||
parent_entity: "[[versus]]"
|
||||
platform: "futardio"
|
||||
proposal_url: "https://www.futard.io/launch/97zmRbfpCR88KkFucJnUvMKEaFg5ay6GxQSWmyEsdi67"
|
||||
proposal_url: "https://v1.metadao.fi/versus/trade/97zmRbfpCR88KkFucJnUvMKEaFg5ay6GxQSWmyEsdi67"
|
||||
proposal_date: 2026-03-03
|
||||
resolution_date: 2026-03-04
|
||||
category: "fundraise"
|
||||
|
|
|
|||
7
inbox/queue/2026-01-13-nasaa-clarity-act-concerns.md
Normal file
7
inbox/queue/2026-01-13-nasaa-clarity-act-concerns.md
Normal file
|
|
@ -0,0 +1,7 @@
|
|||
---
|
||||
title: NASAA Clarity Act Concerns
|
||||
domain: internet-finance
|
||||
extraction_notes: ""
|
||||
enrichments_applied: []
|
||||
...
|
||||
---
|
||||
Loading…
Reference in a new issue