inbox/archive/2025-10-09-futardio-proposal-engage-in-6m-otc-with-dba-and-variant.md

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+---
+type: source
+title: "Futardio: Engage in $6M OTC with DBA and Variant?"
+author: "futard.io"
+url: "https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB"
+date: 2025-10-09
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futarchy, solana, governance, metadao]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: MetaDAO
+- Proposal: Engage in $6M OTC with DBA and Variant?
+- Status: Failed
+- Created: 2025-10-09
+- URL: https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB
+- Description: If passed, this proposal would sell $6m of META to DBA and Variant at $4.0795 per META, equivalent to a ~$85MM market cap.
+- Discussion: https://discord.gg/9H8p3Ghxb7
+
+## Summary
+
+### 🎯 Key Points
+This proposal aims to sell $6M worth of META tokens to DBA and Variant at a price of $4.0795 per token, increasing the market cap to approximately $85M, and to expand MetaDAO's team for improved operational efficiency.
+
+### 📊 Impact Analysis
+#### 👥 Stakeholder Impact
+DBA and Variant will receive META tokens, potentially strengthening their partnership with MetaDAO while increasing the DAO's cash reserves.
+
+#### 📈 Upside Potential
+The influx of $6M will provide MetaDAO with additional runway and resources to hire new team members, enhancing productivity and project execution.
+
+#### 📉 Risk Factors
+If DBA or Variant fail to fulfill their financial commitments, it may jeopardize the planned token distribution and MetaDAO's financial strategy.
+
+## Content
+
+If passed, this proposal would sell $6m of META to [DBA](https://dba.xyz/) and [Variant](https://variant.fund/) at $4.0795 per META, equivalent to a \~$85MM market cap.
+
+## Motivation 
+
+MetaDAO currently has [\~$1.8m in cash](https://v1.metadao.fi/transparency), which equates to \~24 months of runway. 
+
+We have a pretty small team right now \- it’s me and Kollan, our founding engineer, a part-time designer, and a twitter intern.
+
+We like keeping our team lean \- many times, bigger teams actually go slower than small teams \- but we think we could go faster if we expanded (hired full-time designer \+ another 1-2 engineer(s)) and it’d also be nice to have more runway.
+
+## Logistics
+
+If passed, this proposal would mint **1,470,768 META** to this [5/6 multisig](https://app.squads.so/squads/6mYWxA7Jrvxqbj2yrcueupuQAgT1WsFwyLTZB382rdFc/home) (6mYWxA7Jrvxqbj2yrcueupuQAgT1WsFwyLTZB382rdFc), containing Kollan and Proph3t from MetaDAO, Michael and [Jon Charbonneau](https://x.com/jon_charb) from DBA, and two addresses from [Jesse Walden](https://x.com/jessewldn) at Variant.
+
+DBA and Variant agree to each send 3,000,000 USDC to that multisig, which would then send them each 735,384 META and then the USDC to [MetaDAO’s treasury](https://app.squads.so/squads/BxgkvRwqzYFWuDbRjfTYfgTtb41NaFw1aQ3129F79eBT/home).
+
+Tokens would be fully unlocked \- we don’t believe in locking up non-team supply.
+
+If for some reason one or both parties don’t send their end, we would attempt to burn the relevant tokens.
+
+## Raw Data
+
+- Proposal account: `HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB`
+- Proposal number: 2
+- DAO account: `Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km`
+- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
+- Autocrat version: 0.5