domains/internet-finance/futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs.md

@@ -26,6 +26,12 @@ The risk is that cultural proposals introduce systematic bias: participants who
 
 The single data point is limited. One passed proposal doesn't establish a reliable pattern. Cultural proposals that fail futarchy governance (and thus go unobserved in public records) would provide the necessary counter-evidence to calibrate how often futarchy actually validates cultural versus financial spending.
 
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+### Additional Evidence (extend)
+*Source: [[2025-01-14-futardio-proposal-should-deans-list-dao-update-the-liquidity-fee-structure]] | Added: 2026-03-15*
+
+Dean's List DAO's fee increase proposal included switching quote token from mSOL back to SOL, a decision with no direct revenue impact but potential effects on user experience and composability. The futarchy market approved this alongside the fee changes, suggesting it priced the operational simplification and ecosystem alignment as net positive for token value despite being a 'cultural' rather than purely financial decision.
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 Relevant Notes: