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extract: 2024-12-02-futardio-proposal-approve-deans-list-treasury-management #1025

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entities/internet-finance/futardio.md
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@ -51,6 +51,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5K USDC funding for RugBounty.xyz platform development to incentivize community recovery from rug pulls
- **2024-08-28** — MetaDAO proposal to develop futardio as memecoin launchpad with futarchy governance failed. Proposal would have allocated $100k grant over 6 months to development team. Key features: percentage of each new token supply allocated to futarchy DAO, points-to-token conversion within 180 days, revenue distribution to $FUTA holders, immutable deployment on IPFS/Arweave. Proposal rejected by market, suggesting reputational risks outweighed adoption benefits.
- **2025-11-14** — Solomon launch: $8M raised (12.9x oversubscribed, $102.9M committed) for composable yield-bearing stablecoin
- **2024-08-28** — MetaDAO proposal to build futardio (memecoin launchpad with futarchy governance) failed. Proposal would have allocated $100k grant over 6 months to build platform where portion of each launched memecoin goes to futarchy DAO, with points-to-token conversion for users and immutable deployment target in Q3. Proposal rejected by futarchy vote despite identifying memecoin governance as ideal use case.
- **2024-08-28** — MetaDAO futardio proposal created, seeking approval to develop memecoin launchpad with futarchy governance for each launched token. Proposal included $100k grant over 6 months, Q3 launch target, and immutable hyperstructure design. Proposal failed.
## Competitive Position
- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
- **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."

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entities/internet-finance/metadao.md
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@ -65,6 +65,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG)
- **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget
- **2024-08-31** — Passed proposal to enter services agreement with Organization Technology LLC, creating US entity vehicle for paying contributors with $1.378M annualized burn rate. Entity owns no IP (all owned by MetaDAO LLC) and cannot encumber MetaDAO LLC. Agreement cancellable with 30-day notice or immediately for material breach.
- **2024-08-28** — MetaDAO proposal #8 for futardio memecoin launchpad failed, rejecting the strategy to drive futarchy adoption through memecoin infrastructure despite potential advantages in attention and usage.
- **2024-10-22** — Proposal to hire Advaith Sekharan as founding engineer passed with $180k/year salary and 237 META tokens (1% of supply) with performance-based unlocking at market cap milestones up to $5B, 4-year vest starting November 2024, and 8-month clawback period
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|