extract: 2024-08-28-futardio-proposal-a-very-unique-title-some-say-its-really-unique #1066

Closed
leo wants to merge 3 commits from extract/2024-08-28-futardio-proposal-a-very-unique-title-some-say-its-really-unique into main
4 changed files with 31 additions and 4 deletions

View file

@ -27,6 +27,12 @@ From the MetaDAO proposal:
This claim extends futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility by showing the reputational concern operates at the mechanism level, not just the platform level. The market's rejection of Futardio suggests futarchy stakeholders prioritize mechanism credibility over short-term adoption metrics. This claim extends futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility by showing the reputational concern operates at the mechanism level, not just the platform level. The market's rejection of Futardio suggests futarchy stakeholders prioritize mechanism credibility over short-term adoption metrics.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-a-very-unique-title-some-say-its-really-unique]] | Added: 2026-03-16*
Futardio proposal lists 'makes futarchy look less serious' and 'may make it harder to sell DeFi DAOs / non-crypto organizations' as explicit potential pitfalls, demonstrating MetaDAO's awareness of the reputational tradeoff. The proposal was put to futarchy vote precisely because the team was uncertain whether memecoin association would help or hurt the platform.
--- ---
Relevant Notes: Relevant Notes:

View file

@ -30,10 +30,16 @@ This claim complements [[coin price is the fairest objective function for asset
### Additional Evidence (confirm) ### Additional Evidence (confirm)
*Source: [[2024-08-14-futardio-proposal-develop-memecoin-launchpad]] | Added: 2026-03-15* *Source: 2024-08-14-futardio-proposal-develop-memecoin-launchpad | Added: 2026-03-15*
MetaDAO's Futardio proposal explicitly states: 'One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."' This provides direct confirmation from MetaDAO itself that memecoins eliminate the temporal tradeoff problem that complicates futarchy in other contexts. MetaDAO's Futardio proposal explicitly states: 'One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."' This provides direct confirmation from MetaDAO itself that memecoins eliminate the temporal tradeoff problem that complicates futarchy in other contexts.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-a-very-unique-title-some-say-its-really-unique]] | Added: 2026-03-16*
MetaDAO proposal explicitly identifies memecoin governance as 'ideal use-case for futarchy' because 'memecoin holders only want the price of the token to increase. There's no question of maybe the market knows what's the best short-term action, but not the best long-term action.' This confirms the single-objective-function thesis with direct reasoning from practitioners.
--- ---
Relevant Notes: Relevant Notes:

View file

@ -58,13 +58,14 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool - **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool
- **2025-01-27** — [[metadao-otc-trade-theia-2]] proposed: Theia offers $500K for 370.370 META at 14% premium with 12-month vesting - **2025-01-27** — [[metadao-otc-trade-theia-2]] proposed: Theia offers $500K for 370.370 META at 14% premium with 12-month vesting
- **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC - **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC
- **2023-11-18**[[metadao-develop-lst-vote-market]] proposed: first product development proposal requesting 3,000 META to build Votium-style validator bribe platform for MNDE/mSOL holders - **2023-11-18** — metadao-develop-lst-vote-market proposed: first product development proposal requesting 3,000 META to build Votium-style validator bribe platform for MNDE/mSOL holders
- **2023-11-29**[[metadao-develop-lst-vote-market]] passed: approved LST Vote Market development with projected $10.5M enterprise value addition - **2023-11-29** — metadao-develop-lst-vote-market passed: approved LST Vote Market development with projected $10.5M enterprise value addition
- **2023-12-03** — Proposed Autocrat v0.1 migration with configurable proposal slots and 3-day default duration - **2023-12-03** — Proposed Autocrat v0.1 migration with configurable proposal slots and 3-day default duration
- **2023-12-13** — Completed Autocrat v0.1 migration, moving 990,000 META, 10,025 USDC, and 5.5 SOL to new program despite unverifiable build - **2023-12-13** — Completed Autocrat v0.1 migration, moving 990,000 META, 10,025 USDC, and 5.5 SOL to new program despite unverifiable build
- **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG) - **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 - **2024-01-29** — 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. - **2024-08-31** — 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.
- **2024-05-30** — Drift protocol allocated 12,000 DRIFT retroactively to 32+ MetaDAO participants based on conditional vault activity (5+ interactions over 30+ days) and META holdings, demonstrating cross-protocol futarchy ecosystem development.
## Key Decisions ## Key Decisions
| Date | Proposal | Proposer | Category | Outcome | | Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------| |------|----------|----------|----------|---------|

View file

@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVt
date: 2024-08-28 date: 2024-08-28
domain: internet-finance domain: internet-finance
format: data format: data
status: unprocessed status: enrichment
tags: [futardio, metadao, futarchy, solana, governance] tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal event_type: proposal
processed_by: rio
processed_date: 2026-03-16
enrichments_applied: ["memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity.md", "futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
--- ---
## Proposal Details ## Proposal Details
@ -353,3 +357,13 @@ This would all be left to the discretion of the team building it, but they would
- Autocrat version: 0.3 - Autocrat version: 0.3
- Completed: 2024-09-01 - Completed: 2024-09-01
- Ended: 2024-09-01 - Ended: 2024-09-01
## Key Facts
- Futardio proposal failed on 2024-09-01
- Proposal included $100k grant paid over 6 months
- Target launch was Q3 2024
- Points would convert to $FUTA token within 180 days
- Revenue distribution would go to FUTA holders via claimable vault
- Nallok and Proph3t would support but not be core team
- Platform would be deployed immutably on IPFS or Arweave