vida: extract claims from 2025-05-19-brookings-payor-provider-vertical-integration #223
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---
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type: source
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title: "Futardio: Develop a LST Vote Market?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/9RisXkQCFLt7NA29vt5aWatcnU8SkyBgS95HxXhwXhW"
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date: 2023-11-18
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Develop a LST Vote Market?
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- Status: Passed
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- Created: 2023-11-18
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- URL: https://www.futard.io/proposal/9RisXkQCFLt7NA29vt5aWatcnU8SkyBgS95HxXhwXhW
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- Description: This platform would allow MNDE and mSOL holders to earn extra yield by directing their stake to validators who pay them.
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## Summary
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### 🎯 Key Points
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The proposal aims to develop a centralized bribe platform for MNDE and mSOL holders to earn extra yield by directing their stake to validators, addressing the fragmented current market. It seeks 3,000 META to fund the project, with the expectation of generating approximately $1.5M annually for the Meta-DAO.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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The platform will enable small MNDE and mSOL holders to compete with whales for higher yields, enhancing their earning potential.
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#### 📈 Upside Potential
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If successful, the platform could significantly increase the Meta-DAO's enterprise value by an estimated $10.5M, with potential annual revenues of $150k to $170k.
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#### 📉 Risk Factors
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Execution risk is a concern, as the project's success is speculative and hinges on a 70% chance of successful implementation, which could result in a net value creation of only $730k after costs.
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## Content
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## Overview
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The Meta-DAO is awakening.
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Given that the Meta-DAO is a fundamentally new kind of organization, it lacks legitimacy. To gain legitimacy, we need to first *prove that the model works*. I believe that the best way to do that is by building profit-turning products under the Meta-DAO umbrella.
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Here, we propose the first one: an [LST bribe platform](https://twitter.com/durdenwannabe/status/1683150792843464711). This platform would allow MNDE and mSOL holders to earn extra yield by [directing their stake](https://docs.marinade.finance/marinade-products/directed-stake#snapshot-system) to validators who pay them. A bribe market already exists, but it's fragmented and favors whales. This platform would centralize the market, facilitating open exchange between validators and MNDE / mSOL holders and allowing small holders to earn the same yield as whales.
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#### Executive summary
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- The product would exist as a 2-sided marketplace between validators who want more stake and MNDE and mSOL holders who want more yield.
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- The platform would likely be structured similar to Votium.
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- The platform would monetize by taking 10% of bribes.
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- We estimate that this product would generate \$1.5M per year for the Meta-DAO, increasing the Meta-DAO's enterprise value by \$10.5M, if executed successfully.
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- We are requesting 3,000 META and the promise of retroactively-decided performance-based incentives. If executed, this proposal would transfer the first 1,000 META.
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- Three contributors have expressed interest in working on this: Proph3t, for the smart contracts; marie, for the UI; and nicovrg, for the BD with Marinade. Proph3t would be the point person and would be responsible for delivering this project to the Meta-DAO.
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## Problem statement
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Validators want more stake. MNDE and mSOL holders want more yield. Since Marinade allows its MNDE and mSOL holders to direct 40% of its stake, this creates an opportunity for mSOL and MNDE to earn higher yield by selling their votes to validators.
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Today, this market is fragmented. Trading occurs through one-off locations like Solana Compass' [Turbo Stake](https://solanacompass.com/staking/turbo-staking) and in back-room Telegram chats. This makes it hard for people who don't actively follow the Solana ecosystem and small holders to earn the highest yields.
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We propose a platform that would centralize this trading. Essentially, this would provide an easy place where validators who want more stake can pay for the votes of MNDE and mSOL holders. In the future, we could expand to other LSTs like bSOL.
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## Design
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There are a number ways you could design a bribe platform. After considering a few options, a Votium-style system appears to be the best one.
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### Votium
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[Votium](https://votium.app/) is a bribe platform on Ethereum. Essentially, projects that want liquidity in their token pay veCRV holders to allocate CRV emissions to their token's liquidity pool (the veCRV system is fairly complex and out of scope for this proposal). For example, the Frax team might pay veCRV holders to allocate CRV emissions to the FRAX+crvUSD pool.
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If you're a project that wants to pay for votes, you do so in the following way:
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- create a Votium pool
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- specify which Curve pool (a different kind of pool, I didn't name them :shrug:) you want CRV emissions to be directed to
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- allocate some funds to that pool
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If you're a veCRV-holder, you are eligible to claim from that pool. To do so, you must first vote for the Curve pool specified. Then, once the voting period is done, each person who voted for that Curve pool can claim a pro rata share of the tokens from the Votium pool.
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Alternatively, you can delegate to Votium, who will spread your votes among the various pools.
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### Our system
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In our case, a Votium-style platform would look like the following:
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- Once a month, each participating validator creates a pool, specifying a *price per vote* and depositing SOL to their pool. The amount of SOL deposited in a pool defines the maximum votes bought. For example, if Laine deposits 1,000 SOL to a pool and specifies a price per vote of 0.1 SOL, then this pool can buy up to 10,000 votes
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- veMNDE and mSOL holders are given 1 week to join pools, which they do by directing their stake to the respective validator (the bribe platform UI would make this easy)
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- after 1 month passes, veMNDE and mSOL holders can claim their SOL bribes from the pools
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The main advantage of the Votium approach is that it's non-custodial. In other words, *there would be no risk of user fund loss*. In the event of a hack, the only thing that could be stolen are the bribes deposited to the pools.
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## Business model
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The Meta-DAO would take a small fee from the rewards that are paid to bribees. Currently, we envision this number being 10%, but that is subject to change.
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## Financial projections
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Although any new project has uncertain returns, we can give rough estimates of the returns that this project would generate for the Meta-DAO.
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Marinade Finance currently has \$532M of SOL locked in it. Of that, 40% or \$213M is directed by votes. Validators are likely willing to pay up to the marginal revenue that they can gain by bribing. So, at 8% staking rates and 10% comissions, the **estimated market for this is \$213M * 0.08 * 0.1, or \$1.7M**.
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At a 10% fee, the revenue available to the Meta-DAO would be \$170k. The revenue share with Marinade is yet to be negotiated. At a 10% revshare, the Meta-DAO would earn \$150k per year. At a 30% revshare, the Meta-DAO would earn \$120k per year.
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We take the average of \$135k per year and multiply by the [typical SaaS valuation multiple](https://aventis-advisors.com/saas-valuation-multiples/#multiples) of 7.8x to achieve the estimate that **this product would add \$1.05M to the Meta-DAO's enterprise value if executed successfully.**
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Of course, there is a chance that is not executed successfully. To estimate how much value this would create for the Meta-DAO, you can calculate:
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[(% chance of successful execution / 100) * (estimated addition to the Meta-DAO's enterprise value if successfully executed)] - up-front costs
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For example, if you believe that the chance of us successfully executing is 70% and that this would add \$10.5M to the Meta-DAO's enterprise value, you can do (0.7 * 10.5M) - dillution cost of 3,000 META. Since each META has a book value of \$1 and is probably worth somewhere between \$1 and \$100, this leaves you with **\$730k - \$700k of value created by the proposal**.
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As with any financial projections, these results are highly speculative and sensitive to assumptions. Market participants are encouraged to make their own assumptions and to price the proposal accordingly.
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## Proposal request
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We are requesting **3,000 META and retroactively-decided performance-based incentives** to fund this project.
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This 3,000 META would be split among:
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- Proph3t, who would perform the smart contract work
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- marie, who would perform the UI/UX work
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- nicovrg, who would be the point person to Marinade Finance and submit the grant proposal to the Marinade forums
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1,000 META would be paid up-front by the execution of this proposal. 2,000 META would be paid after the proposal is done.
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The Meta-DAO is still figuring out how to properly incentivize performance, so we don't want to be too specific with how that would done. Still, it is game-theoretically optimal for the Meta-DAO to compensate us fairly because under-paying us would dissuade future builders from contributing to the Meta-DAO. So we'll put our trust in the game theory.
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## References
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- [Solana LST Dune Dashboard](https://dune.com/ilemi/solana-lsts)
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- [Marinade Docs](https://docs.marinade.finance/), specifically the pages on - [MNDE Directed Stake](https://docs.marinade.finance/the-mnde-token/mnde-directed-stake) and [mSOL Directed Stake](https://docs.marinade.finance/marinade-products/directed-stake)
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- [Marinade's Validator Dashboard](https://marinade.finance/app/validators/?sorting=score&direction=descending)
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- [MNDE Gauge Profit Calculator](https://cogentcrypto.io/MNDECalculator)
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- [Marinade SDK](https://github.com/marinade-finance/marinade-ts-sdk/blob/bc4d07750776262088239581cac60e651d1b5cf4/src/marinade.ts#L283)
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- [Solana Compass Turbo Staking](https://solanacompass.com/staking/turbo-staking)
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- [Marinade Directed Stake program](https://solscan.io/account/dstK1PDHNoKN9MdmftRzsEbXP5T1FTBiQBm1Ee3meVd#anchorProgramIDL)
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## Raw Data
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- Proposal account: `9RisXkQCFLt7NA29vt5aWatcnU8SkyBgS95HxXhwXhW`
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- Proposal number: 0
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- DAO account: `3wDJ5g73ABaDsL1qofF5jJqEJU4RnRQrvzRLkSnFc5di`
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- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
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- Autocrat version: 0
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- Completed: 2023-11-29
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- Ended: 2023-11-29
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---
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type: source
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title: "Futardio: Migrate Autocrat Program to v0.1?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi"
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date: 2023-12-03
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Migrate Autocrat Program to v0.1?
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- Status: Passed
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- Created: 2023-12-03
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- URL: https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
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- Description: Most importantly, I’ve made the slots per proposal configurable, and changed its default to 3 days to allow for quicker feedback loops.
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## Summary
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### 🎯 Key Points
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The proposal aims to migrate assets (990,000 META, 10,025 USDC, and 5.5 SOL) from the treasury of the first autocrat program to the second program, while introducing configurable proposal slots and a default duration of 3 days for quicker feedback.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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Stakeholders may benefit from enhanced feedback efficiency and asset management through the upgraded autocrat program.
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#### 📈 Upside Potential
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The changes could lead to faster decision-making processes and improved overall program functionality.
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#### 📉 Risk Factors
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There is a risk of potential bugs in the new program and trust issues regarding the absence of verifiable builds, which could jeopardize the security of the funds.
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## Content
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## Overview
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I've made some improvements to the autocrat program. You can see these [here](https://github.com/metaDAOproject/meta-dao/pull/36/files). Most importantly, I've made the slots per proposal configurable, and changed its default to 3 days to allow for quicker feedback loops.
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This proposal migrates the 990,000 META, 10,025 USDC, and 5.5 SOL from the treasury owned by the first program to the treasury owned by the second program.
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## Key risks
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### Smart contract risk
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There is a risk that the new program contains an important bug that the first one didn't. I consider this risk small given that I didn't change that much of autocrat.
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### Counter-party risk
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Unfortunately, for reasons I can't get into, I was unable to build this new program with [solana-verifiable-build](https://github.com/Ellipsis-Labs/solana-verifiable-build). You'd be placing trust in me that I didn't introduce a backdoor, not on the GitHub repo, that allows me to steal the funds.
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For future versions, I should always be able to use verifiable builds.
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## Raw Data
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- Proposal account: `AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi`
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- Proposal number: 1
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- DAO account: `3wDJ5g73ABaDsL1qofF5jJqEJU4RnRQrvzRLkSnFc5di`
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- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
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- Autocrat version: 0
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- Completed: 2023-12-13
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- Ended: 2023-12-13
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---
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type: source
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title: "Futardio: Develop a Saber Vote Market?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
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date: 2023-12-16
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Develop a Saber Vote Market?
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- Status: Passed
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- Created: 2023-12-16
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- URL: https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
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- Description: I propose that we build a vote market as we proposed in proposal 0, only for Saber instead of Marinade.
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## Summary
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### 🎯 Key Points
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The proposal aims to develop a Saber Vote Market funded by $150,000 from various ecosystem teams, enabling veSBR holders to earn extra yield and allowing projects to easily access liquidity.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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The platform will benefit users by providing them with opportunities to earn additional yield and assist teams in acquiring liquidity more efficiently.
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#### 📈 Upside Potential
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The Meta-DAO could generate significant revenue through a take rate on vote trades, enhancing its legitimacy and value.
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#### 📉 Risk Factors
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There is a potential risk of lower than expected trading volume, which could impact the financial sustainability and operational success of the platform.
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## Content
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## Overview
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It looks like things are coming full circle. Here, I propose that we build a vote market as we proposed in [proposal 0](https://hackmd.io/ammvq88QRtayu7c9VLnHOA?view), only for Saber instead of Marinade. I'd recommend you read that proposal for the context, but I'll summarize briefly here:
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- I proposed to build a Marinade vote market
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- That proposal passed
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- We learned that Marinade was developing an internal solution, we pivoted to supporting them
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All of that is still in motion. But recently, I connected with [c2yptic](https://twitter.com/c2yptic) from Saber, who happens to be really excited about the Meta-DAO's vision. Saber was planning on creating a vote market, but he proposed that the Meta-DAO build it instead. I think that this would be a tremendous opportunity for both parties, which is why I'm proposing this.
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Here's the high-level:
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- The platform would be funded with $150,000 by various ecosystem teams that would benefit from the platform's existence including UXD, BlazeStake, LP Finance, and Saber.
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- veSBR holders would use the market to earn extra yield
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- Projects that want liquidity could easily pay for it, saving time and money relative to a bespoke campaign
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- The Meta-DAO would own the majority of the platform, with the remaining distributed to the ecosystem teams mentioned above and to users via liquidity mining.
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## Why a Saber Vote Market would be good for users and teams
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### Users
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Users would be able to earn extra yield on their SBR (or their veSBR, to be precise).
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### Teams
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Teams want liquidity in their tokens. Liquidity is both useful day-to-day - by giving users lower spreads - as well as a backstop against depeg events.
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This market would allow teams to more easily and cheaply pay for liquidity. Rather than a bespoke campaign, they would in effect just be placing limit orders in a central market.
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## Why a Saber Vote Market would be good for the Meta-DAO
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### Financial projections
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The Meta-DAO is governed by futarchy - an algorithm that optimizes for token-holder value. So it's worth looking at how much value this proposal could drive.
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Today, Saber has a TVL of $20M. Since votes are only useful insofar as they direct that TVL, trading volume through a vote market should be proportional to it.
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We estimate that there will be approximately **\$1 in yearly vote trade volume for every \$50 of Saber TVL.** We estimate this using Curve and Aura:
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- Today, Curve has a TVL of \$2B. This round of gauge votes - which happen every two weeks - [had \$1.25M in tokens exchanged for votes](https://llama.airforce/#/incentives/rounds/votium/cvx-crv/59). This equates to a run rate of \$30M, or \$1 of vote trade volume for every \$67 in TVL.
|
||||||
|
- Before the Luna depeg, Curve had \$20B in TVL and vote trade volume was averaging between [\$15M](https://llama.airforce/#/incentives/rounds/votium/cvx-crv/10) and [\$20M](https://llama.airforce/#/incentives/rounds/votium/cvx-crv/8), equivalent to \$1 in yearly vote trade volume for every \$48 in TVL.
|
||||||
|
- In May, Aura has \$600M in TVL and [\$900k](https://llama.airforce/#/incentives/rounds/hh/aura-bal/25) in vote trade volume, equivalent to \$1 in yearly vote trade volume for every \$56 of TVL
|
||||||
|
|
||||||
|
The other factor in the model will be our take rate. Based on Convex's [7-10% take rate](https://docs.convexfinance.com/convexfinance/faq/fees#convex-for-curve), [Votium's ~3% take rate](https://docs.votium.app/faq/fees#vlcvx-incentives), and [Hidden Hand's ~10% take rate](https://docs.redacted.finance/products/pirex/btrfly#is-there-a-fee-for-using-pirex-btrfly), I believe something between 5 and 15% is reasonable. Since we don't expect as much volume as those platforms but we still need to pay people, maybe we start at 15% but could shift down as scale economies kick in.
|
||||||
|
|
||||||
|
Here's a model I put together to help analyze some potential scenarios:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The 65% owned by the Meta-DAO would be the case if we distributed an additional 10% of the supply in liquidity incentives / airdrop.
|
||||||
|
|
||||||
|
### Legitimacy
|
||||||
|
|
||||||
|
As [I've talked about](https://medium.com/@metaproph3t/an-update-on-the-first-proposal-0e9cdf6e7bfa), assuming futarchy works, the most important thing to the Meta-DAO's success will be acquiring legitimacy. Legitimacy is what leads people to invest their time + money into the Meta-DAO, which we can invest to generate financially-valuable outputs, which then generates more legitimacy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
By partnering with well-known and reputable projects, we increase the Meta-DAO's legitimacy.
|
||||||
|
|
||||||
|
## How we're going to execute
|
||||||
|
|
||||||
|
### Who
|
||||||
|
|
||||||
|
So far, the following people have committed to working on this project:
|
||||||
|
- [Marie](https://twitter.com/swagy_marie) to build the UI/UX
|
||||||
|
- [Matt / fzzyyti](https://x.com/fzzyyti?s=20) to build the smart contracts
|
||||||
|
- [Durden](https://twitter.com/durdenwannabe) to design the platform & tokenomics
|
||||||
|
- [Joe](https://twitter.com/joebuild) and [r0bre](https://twitter.com/r0bre) to audit the smart contracts
|
||||||
|
- [me](https://twitter.com/metaproph3t) to be the [accountable party](https://discord.com/channels/1155877543174475859/1172275074565427220/1179750749228519534) / program manager
|
||||||
|
|
||||||
|
UXD has also committed to review the contracts.
|
||||||
|
|
||||||
|
### Timeline
|
||||||
|
|
||||||
|
#### December 11th - December 15th
|
||||||
|
|
||||||
|
Kickoff, initial discussions around platform design & tokenomics
|
||||||
|
|
||||||
|
#### December 18th - December 22nd
|
||||||
|
|
||||||
|
Lower-level platform design, Matt starts on programs, Marie starts on UI design
|
||||||
|
|
||||||
|
#### December 25th - January 5th (2 weeks)
|
||||||
|
|
||||||
|
Holiday break
|
||||||
|
|
||||||
|
#### January 8th - January 12th
|
||||||
|
|
||||||
|
Continued work on programs, start on UI code
|
||||||
|
|
||||||
|
#### January 15th - January 19th
|
||||||
|
|
||||||
|
Continued work on programs & UI
|
||||||
|
|
||||||
|
Deliverables on Friday, January 19th:
|
||||||
|
- Basic version of program deployed to devnet. You should be able to create pools and claim vote rewards. Fine if you can't claim $BRB tokens yet. Fine if tests aren't done, or some features aren't added yet.
|
||||||
|
- Basic version of UI. It's okay if it's a Potemkin village and doesn't actually interact with the chain, but you should be able to create pools (as a vote buyer) and pick a pool to sell my vote to.
|
||||||
|
|
||||||
|
#### January 22nd - 26th
|
||||||
|
|
||||||
|
Continue work on programs & UI, Matt helps marie integrate devnet program into UI
|
||||||
|
|
||||||
|
Deliverables on Friday, January 26th:
|
||||||
|
- MVP of program
|
||||||
|
- UI works with the program delivered on January 19th
|
||||||
|
|
||||||
|
#### January 29th - Feburary 2nd
|
||||||
|
|
||||||
|
Audit time! Joe and r0bre audit the program this week
|
||||||
|
|
||||||
|
UI is updated to work for the MVP, where applicable changes are
|
||||||
|
|
||||||
|
#### February 5th - Febuary 9th
|
||||||
|
|
||||||
|
Any updates to the program in accordance with the audit findings
|
||||||
|
|
||||||
|
UI done
|
||||||
|
|
||||||
|
#### February 12th - February 16th
|
||||||
|
|
||||||
|
GTM readiness week!
|
||||||
|
|
||||||
|
Proph3t or Durden adds docs, teams make any final decisions, we collectively write copy to announce the platform
|
||||||
|
|
||||||
|
#### February 19th
|
||||||
|
|
||||||
|
Launch day!!! 🎉
|
||||||
|
|
||||||
|
### Budget
|
||||||
|
|
||||||
|
Based on their rates, I'm budgeting the following for each person:
|
||||||
|
- $24,000 to Matt for the smart contracts
|
||||||
|
- $12,000 to Marie for the UI
|
||||||
|
- $7,000 to Durden for the platform design
|
||||||
|
- $7,000 to Proph3t for program management
|
||||||
|
- $5,000 to r0bre to audit the program
|
||||||
|
- $5,000 to joe to audit the program
|
||||||
|
- $1,000 deployment costs
|
||||||
|
- $1,000 miscellaneous
|
||||||
|
|
||||||
|
That's a total of \$62k. As mentioned, the consortium has pledged \$150k to make this happen. The remaining \$90k would be custodied by the Meta-DAO's treasury, partially to fund the management / operation / maintenance of the platform.
|
||||||
|
|
||||||
|
### Terminology
|
||||||
|
|
||||||
|
For those who are more familiar with bribe terminology, which I prefer not to use:
|
||||||
|
- briber = vote buyer
|
||||||
|
- bribee = vote seller
|
||||||
|
- bribe platform = vote market / vote market platform
|
||||||
|
- bribes = vote payments / vote trade volume
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## References
|
||||||
|
|
||||||
|
- [Solana DeFi Dashboard](https://dune.com/summit/solana-defi)
|
||||||
|
- [Hidden Hand Volume](https://dune.com/embeds/675784/1253758)
|
||||||
|
- [Curve TVL](https://defillama.com/protocol/curve-finance)
|
||||||
|
- [Llama Airforce](https://llama.airforce/#/incentives/rounds/votium/cvx-crv/59)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2023-12-22
|
||||||
|
- Ended: 2023-12-22
|
||||||
|
|
@ -0,0 +1,77 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Create Spot Market for META?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
|
||||||
|
date: 2024-01-12
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Create Spot Market for META?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-01-12
|
||||||
|
- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
|
||||||
|
- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to create a spot market for \$META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including token holders and participants in the market, will gain broader access to \$META tokens and improved liquidity.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successfully launching the spot market could enhance the visibility and trading volume of \$META tokens, benefiting the overall Meta-DAO ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### **Overview**
|
||||||
|
|
||||||
|
The purpose of this proposal is to initiate the creation of a spot market for \$META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of \$META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.
|
||||||
|
|
||||||
|
### **Key Components**
|
||||||
|
|
||||||
|
#### **Token Sale Structure:**
|
||||||
|
- The initial token sale will involve the Meta-DAO selling \$META tokens to the public. Anyone can participate.
|
||||||
|
- The sale price per \$META token will be set at the TWAP of the last passing proposal.
|
||||||
|
- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
|
||||||
|
#### **Liquidity Pool Creation:**
|
||||||
|
- A liquidity pool (LP) will be established to support the spot market.
|
||||||
|
- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
|
||||||
|
#### **Token Sale Details:**
|
||||||
|
- Hard cap: 75,000usd
|
||||||
|
- Sale Price: TWAP of this passing proposal
|
||||||
|
- Sale Quantity: Hard cap / Sale Price
|
||||||
|
- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
|
||||||
|
#### **Liquidity Pool Allocation:**
|
||||||
|
- LP Token Pairing: \$META tokens from treasury paired with approximately \$35,000usd.
|
||||||
|
- Any additional funds raised beyond the LP allocation will be reserved for operational funding in \$SOL tokens.
|
||||||
|
|
||||||
|
### **Next Steps**
|
||||||
|
1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
|
||||||
|
2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.
|
||||||
|
|
||||||
|
### **Conclusion**
|
||||||
|
This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for \$META tokens.
|
||||||
|
The proposal invites futards to actively participate in shaping the future of the \$META token.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-01-18
|
||||||
|
- Ended: 2024-01-18
|
||||||
|
|
@ -0,0 +1,130 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Develop AMM Program for Futarchy?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG"
|
||||||
|
date: 2024-01-24
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Develop AMM Program for Futarchy?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-01-24
|
||||||
|
- URL: https://www.futard.io/proposal/CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG
|
||||||
|
- Description: Develop AMM Program for Futarchy?
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to develop an Automated Market Maker (AMM) program for Futarchy to enhance liquidity, reduce susceptibility to manipulation, and minimize state rent costs associated with current Central Limit Order Books (CLOBs).
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including liquidity providers and MetaDAO users, will benefit from improved trading conditions and reduced costs associated with market creation.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The implementation of an AMM could significantly increase liquidity and trading activity by providing a more efficient and user-friendly market mechanism.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There are inherent risks associated with smart contract deployment and uncertain adoption rates from liquidity providers, which could affect the overall success of the AMM.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
In the context of Futarchy, CLOBs have a couple of drawbacks:
|
||||||
|
1. Lack of liquidity
|
||||||
|
2. Somewhat susceptible to manipulation
|
||||||
|
3. Pass/fail market pairs cost 3.75 SOL in state rent, which cannot currently be recouped
|
||||||
|
|
||||||
|
### Lack of liquidity
|
||||||
|
Estimating a fair price for the future value of MetaDao under pass/fail conditions is difficult, and most reasonable estimates will have a wide range. This uncertainty discourages people from risking their funds with limit orders near the midpoint price, and has the effect of reducing liquidity (and trading). This is the main reason for switching to AMMs.
|
||||||
|
|
||||||
|
### Somewhat susceptible to manipulation
|
||||||
|
With CLOBs there is always a bid/ask spread, and someone with 1 $META can push the midpoint towards the current best bid/ask. Though this could be countered with a defensive for-profit bot, and as Proph3t puts it: this is a 1/n problem.
|
||||||
|
|
||||||
|
Still, users can selectively crank the market of their choosing. Defending against this (cranking markets all the time) would be a bit costly.
|
||||||
|
|
||||||
|
Similarly, VWAP can be manipulated by wash trading. An exponential moving average has the same drawbacks in this context as the existing linear-time system.
|
||||||
|
|
||||||
|
### State rent costs
|
||||||
|
If we average 3-5 proposals per month, then annual costs for market creation is 135-225 SOL, or $11475-$19125 at current prices. AMMs cost almost nothing in state rent.
|
||||||
|
|
||||||
|
### Solution
|
||||||
|
An AMM would solve all of the above problems and is a move towards simplicity. We can use the metric: liquidity-weighted price over time. The more liquidity that is on the books, the more weight the current price of the pass or fail market is given. Every time there is a swap, these metrics are updated/aggregated. By setting a high fee (3-5%) we can both: encourage LPs, and aggressively discourage wash-trading and manipulation.
|
||||||
|
|
||||||
|
These types of proposals would also require that the proposer lock-up some initial liquidity, and set the starting price for the pass/fail markets.
|
||||||
|
|
||||||
|
With this setup, liquidity would start low when the proposal is launched, someone would swap and move the AMM price to their preferred price, and then provide liquidity at that price since the fee incentives are high. Liquidity would increase over the duration of the proposal.
|
||||||
|
|
||||||
|
The current CLOB setup requires a minimum order size of 1 META, which is effectively a spam filter against manipulating the midpoint within a wide bid/ask spread. AMMs would not have this restriction, and META could be traded at any desired granularity.
|
||||||
|
|
||||||
|
### Additional considerations
|
||||||
|
> What if a user wants to provide one-sided liquidity?
|
||||||
|
|
||||||
|
The most recent passing proposal will create spot markets outside of the pass/fail markets. There will be an AMM, and there is no reason not to create a CLOB as well. Most motivations for providing one-sided liquidity can be satisfied by regular spot-markets, or by arbitraging between spot markets and pass/fail markets. In the future, it may be possible to setup limit orders similarly to how Jupiter limit orders work with triggers and keepers.
|
||||||
|
|
||||||
|
Switching to AMMs is not a perfect solution, but I do believe it is a major improvement over the current low-liquidity and somewhat noisy system that we have now.
|
||||||
|
|
||||||
|
### Implementation
|
||||||
|
1. Program + Review
|
||||||
|
2. Frontend
|
||||||
|
|
||||||
|
#### Program + Review
|
||||||
|
Program changes:
|
||||||
|
|
||||||
|
- Write a basic AMM, which tracks liquidity-weighted average price over its lifetime
|
||||||
|
- Incorporate the AMM into autocrat + conditional vault
|
||||||
|
- Get feedback to decide if the autocrat and conditional vault should be merged
|
||||||
|
- Feature to permissionlessly pause AMM swaps and send back positions once there is a verdict (and the instructions have been run, in the case of the pass market)
|
||||||
|
- Feature to permissionlessly close the AMMs and return the state rent SOL, once there are no positions
|
||||||
|
Additional quality-of-life changes:
|
||||||
|
|
||||||
|
- Loosen time restrictions on when a proposal can be created after the markets are created (currently set to 50 slots, which is very restrictive and has led to extra SOL costs to create redundant markets). Alternatively, bundle these commands in the same function call.
|
||||||
|
- If a proposal instruction does not work, then revert to fail after X number of days (so that funds dont get stuck forever).
|
||||||
|
|
||||||
|
#### Ownership:
|
||||||
|
|
||||||
|
- joebuild will write the program changes
|
||||||
|
- A review will be done by an expert in MetaDAO with availability
|
||||||
|
|
||||||
|
#### Frontend
|
||||||
|
The majority of the frontend integration changes will be completed by 0xNalloK.
|
||||||
|
|
||||||
|
### Timeline
|
||||||
|
Estimate is 3 weeks from passing proposal, with an additional week of review and minor changes.
|
||||||
|
|
||||||
|
### Budget and Roles
|
||||||
|
400 META on passing proposal, with an additional 800 META on completed migration.
|
||||||
|
|
||||||
|
program changes (joebuild)
|
||||||
|
program review (tbd)
|
||||||
|
frontend work (0xNalloK)
|
||||||
|
|
||||||
|
### Rollout & Risks
|
||||||
|
The main program will be deployed before migration of assets. This should allow for some testing of the frontend and the contract on mainnet. We can use a temporary test subdomain.
|
||||||
|
|
||||||
|
The risks here include:
|
||||||
|
|
||||||
|
- Standard smart contract risk
|
||||||
|
- Adoption/available liquidity: similar to an orderbook, available liquidity will be decided by LPs. AMMs will incentivize LP'ing, though adoption within the DAO is not a certainty.
|
||||||
|
|
||||||
|
### Section for feedback changes
|
||||||
|
Any important changes or feedback brought up during the proposal vote will be reflected here, while the text above will remain unchanged.
|
||||||
|
|
||||||
|
- It was pointed out that there are ways to recoup openbook state rent costs, though it would require a migration of the current autocrat program.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `XXXvLz1B89UtcTsg2hT3cL9qUJi5PqEEBTHg57MfNkZ`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-01-29
|
||||||
|
- Ended: 2024-01-29
|
||||||
|
|
@ -0,0 +1,63 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Execute Creation of Spot Market for META?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
|
||||||
|
date: 2024-02-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Execute Creation of Spot Market for META?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-02-05
|
||||||
|
- URL: https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF
|
||||||
|
- Description: Create Spot Market for META Tokens?
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to execute the creation of a spot market for META by establishing a liquidity pool, allocating META to participants, and compensating multisig members.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Participants will have the opportunity to acquire META and contribute to the liquidity pool, enhancing their engagement with the DAO.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successfully creating the liquidity pool could lead to increased trading volume and price stability for META.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of non-compliance from participants regarding USDC transfers, which could hinder the successful funding of the liquidity pool.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
[Proposal 3](https://futarchy.metadao.fi/metadao/proposals/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b) passed, giving the DAO the remit to raise money and use some of that money to create an LP pool. Since then, Proph3t and Rar3 have ironed out the details and come up with this plan:
|
||||||
|
|
||||||
|
1. People submit their demand into a Google form
|
||||||
|
2. Proph3t decides how much allocation to give each person
|
||||||
|
3. Proph3t reaches out on Monday, Feb 5th to people with allocations, telling them they have to transfer the USDC by Wednesday, Feb 7th
|
||||||
|
4. Some people won't complete this step, so Proph3t will reach out to people who didn't get their full desired allocation on Thursday, Feb 8th to send more USDC until we reach the full 75,000
|
||||||
|
5. On Friday, Feb 9th the multisig will send out META to all participants, create the liquidity pool (likely on Meteora), and disband
|
||||||
|
|
||||||
|
We've created the multisig; it's a 4/6 containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis. This proposal will transfer 4,130 META to that multisig. This META will be allocated as follows:
|
||||||
|
|
||||||
|
- 3100 META to send to participants of the sale
|
||||||
|
- 1000 META to pair with 35,000 USDC to create the pool (this sets an initial spot price of 35 USDC / META)
|
||||||
|
- 30 META to renumerate each multisig member with 5 META
|
||||||
|
|
||||||
|
Obviously, there is no algorithmic guarantee that the multisig members will actually perform this, but it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation in order to do something different.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-02-10
|
||||||
|
- Ended: 2024-02-10
|
||||||
|
|
@ -0,0 +1,53 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $50,000 OTC Trade with Ben Hawkins?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK"
|
||||||
|
date: 2024-02-13
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $50,000 OTC Trade with Ben Hawkins?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-02-13
|
||||||
|
- URL: https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
|
||||||
|
- Description: Ben Hawkins is requesting to mint 1500 META
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Ben Hawkins proposes to mint 1,500 META tokens in exchange for $50,000 USDC, which will be sent to MetaDAO's treasury.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This trade provides immediate liquidity to MetaDAO's treasury, benefiting its overall financial stability.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The transaction could enhance MetaDAO's capital position, allowing for future investments or projects.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of overvaluation if the market does not support the price of META tokens post-trade.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Ben Hawkins is requesting to mint 1500 META to GxHamnPVxsBaWdbUSjR4C5izhMv2snriGyYtjCkAVzze
|
||||||
|
|
||||||
|
in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy the treasury to MetaDAO
|
||||||
|
|
||||||
|
33.33 usdc per Meta
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK`
|
||||||
|
- Proposal number: 6
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-02-18
|
||||||
|
- Ended: 2024-02-18
|
||||||
|
|
@ -0,0 +1,142 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $100,000 OTC Trade with Ben Hawkins? [2]"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/E1FJAp8saDU6Da2ccayjLBfA53qbjKRNYvu7QiMAnjQx"
|
||||||
|
date: 2024-02-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $100,000 OTC Trade with Ben Hawkins? [2]
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-02-18
|
||||||
|
- URL: https://www.futard.io/proposal/E1FJAp8saDU6Da2ccayjLBfA53qbjKRNYvu7QiMAnjQx
|
||||||
|
- Description: Ben Hawkins Acquisition of $100,000 USDC worth of META
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks approval for Ben Hawkins to engage in a $100,000 OTC trade to acquire up to 500 META tokens from The Meta-DAO Treasury, with a price per META determined by the maximum of the TWAP price or $200. It aims to enhance liquidity in the META markets by creating a 50/50 AMM pool with the committed funds.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This proposal is expected to provide immediate liquidity and improve market conditions for all stakeholders involved in the META ecosystem.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
An increase in liquidity is projected to potentially raise the value of META by approximately 15% and expand the circulating supply by 2-7%.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal carries high risks due to potential price volatility and uncertainty surrounding the actual acquisition amounts and their impact on the market.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Drafted with support from: Ben Hawkins and 0xNallok
|
||||||
|
|
||||||
|
## Responsible Parties
|
||||||
|
|
||||||
|
- Ben Hawkins (`7GmjpH2hpj3A5d6f1LTjXUAy8MR8FDTvZcPY79RDRDhq`)
|
||||||
|
- Squads Multi-sig (4/6) `Meta-DAO Executor` (`FpMnruqVCxh3o2oBFZ9uSQmshiyfMqzeJ3YfNQfP9tHy`)
|
||||||
|
- The Meta-DAO (`metaX99LHn3A7Gr7VAcCfXhpfocvpMpqQ3eyp3PGUUq`)
|
||||||
|
- The Markets
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
- Ben Hawkins (`7GmjpH2hpj3A5d6f1LTjXUAy8MR8FDTvZcPY79RDRDhq`) wishes to acquire up to 500 META (`METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr`) from The Meta-DAO Treausry (`ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy`).
|
||||||
|
- The price per META shall be determined upon passing of the proposal and the greater of the TWAP price of the pass market and $200.
|
||||||
|
$$ppM = max(twapPass, 200)$$
|
||||||
|
- A total of $100,000 USDC (`EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v`) will be committed by Ben Hawkins
|
||||||
|
- The amount of META shall be determined as the $100,000 USDC funds sent divided by the price determined above.
|
||||||
|
$$amountMETA = 100,000/ppM$$
|
||||||
|
- The Meta-DAO will transfer 20% of the final allocation of META to Ben Hawkin's wallet immediately and place 80% of the final allocation of META into a 12 month, linear vest Streamflow program.
|
||||||
|
- The amount of $100,000 USDC shall be used to create a 50/50 AMM pool with 1% fee matched in META by The Meta-DAO.
|
||||||
|
- Ben will also send $2,000 USDC in addition to compensate members of The Meta-DAO Executor.
|
||||||
|
- Any META not sent or utilized for liquidity provisioning shall be returned to The Meta-DAO.
|
||||||
|
|
||||||
|
## Background
|
||||||
|
|
||||||
|
The current liquidity within the META markets is proving insufficient to support the demand. This proposal addresses this issue by providing immediate liquidity in a sizable amount which should at least provide a temporary backstop to allow proposals to be constructed addressing the entire demand.
|
||||||
|
|
||||||
|
## Implementation
|
||||||
|
|
||||||
|
The proposal contains the instruction for a transfer 1,000 META into a multisignature wallet `FpMnruqVCxh3o2oBFZ9uSQmshiyfMqzeJ3YfNQfP9tHy` with a 4/6 threshold of which the following parties are be members:
|
||||||
|
|
||||||
|
- Proph3t (`65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg`)
|
||||||
|
- Dean (`3PKhzE9wuEkGPHHu2sNCvG86xNtDJduAcyBPXpE6cSNt`)
|
||||||
|
- 0xNallok (`4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw`)
|
||||||
|
- Durden (`91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj`)
|
||||||
|
- Blockchainfixesthis (`HKcXZAkT4ec2VBzGNxazWhpV7BTk3frQpSufpaNoho3D`)
|
||||||
|
- Rar3 (`BYeFEm6n4rUDpyHzDjt5JF8okGpoZUdS2Y4jJM2dJCm4`)
|
||||||
|
|
||||||
|
The multisig members instructions are as follows:
|
||||||
|
|
||||||
|
- Accept the full USDC amount of $100,000 from Ben Hawkins into the Multi-sig upon launch of proposal
|
||||||
|
|
||||||
|
If the proposal passes:
|
||||||
|
|
||||||
|
- Accept receipt of META into the Multi-sig as defined by on chain instruction
|
||||||
|
- Determine and publish the price per META according to the definition above
|
||||||
|
- Confirmation from two parties within The Meta-DAO that the balances exist and are in full
|
||||||
|
- Take `$100,000 / ppM` and determine final allocation quantity of META
|
||||||
|
- Transfer 20% of the final allocation of META to Ben's address `7GmjpH2hpj3A5d6f1LTjXUAy8MR8FDTvZcPY79RDRDhq`
|
||||||
|
- Configure a 12 month Streamflow vesting program with a linear vest
|
||||||
|
- Transfer 80% of the final allocation of META into the Streamflow program
|
||||||
|
- Create a 50/50 Meteora LP 1% Volatile Pool META-USDC allocating at ratios determined and able to be executed via Multi-sig
|
||||||
|
- Return any remaining META to the DAO treasury
|
||||||
|
- Make USDC payment to each Multi-sig members
|
||||||
|
|
||||||
|
If the proposal fails:
|
||||||
|
- Make USDC payment to each Multi-sig member.
|
||||||
|
- Return 100,000 USDC to `7GmjpH2hpj3A5d6f1LTjXUAy8MR8FDTvZcPY79RDRDhq`
|
||||||
|
|
||||||
|
## Risks
|
||||||
|
|
||||||
|
The price is extremely volatile and given the variance there is an unknown amount at the time of proposal launching which would be introduced into circulation. This will be impactful to the price.
|
||||||
|
|
||||||
|
Given there are other proposals with active markets, the capacity for accurate pricing and participation of this proposal is unknown.
|
||||||
|
|
||||||
|
This is an experiment and largely contains unknown unknowns, IT CONTAINS EXTREME RISK.
|
||||||
|
|
||||||
|
## Result
|
||||||
|
|
||||||
|
The proposal evaluates a net increase in value to META by bringing additional liquidity into the ecosystem. This should also improve the capacity for proposal functionality. The expected increase in value to META is ~15% given the fact that the amounts are yet to be determined, but an increase in circulating supply by ~2-7%.
|
||||||
|
|
||||||
|
| Details | |
|
||||||
|
|---|---|
|
||||||
|
| META Spot Price 2024-02-18 20:20 UTC | $695.92 |
|
||||||
|
| META Circulating Supply 2024-02-18 20:20 UTC | 14,530 |
|
||||||
|
| Offer Price | ≥ $200 |
|
||||||
|
| Offer META | ≤ 500 |
|
||||||
|
| Offer USDC | $100,000 |
|
||||||
|
| META Transfer to Circulation | {TBD} % |
|
||||||
|
| New META Circulating Supply | {TBD} |
|
||||||
|
|
||||||
|
Here are some post-money valuations at different prices as well total increase in circulation:
|
||||||
|
|
||||||
|
| Price/META | Mcap | Liquidity % of Circulation | Acquisition/LP Circulation | Total |
|
||||||
|
|--|--|--|--|--|
|
||||||
|
| $200 | $3.6M | 6.3% | 500 META/500 META ~3.4% | 1000 META ~6.8% |
|
||||||
|
| $350 | $5.1M | 4.8% | 285 META/285 META ~1.9% | 570 META ~3.8% |
|
||||||
|
| $700 | $10.2M | 3.8% | 142 META/142 META ~0.9% | 284 META ~1.8% |
|
||||||
|
|
||||||
|
|
||||||
|
## References
|
||||||
|
|
||||||
|
- [Proposal 7](https://hackmd.io/@0xNallok/Hy2WJ46op)
|
||||||
|
- [Proposal 6](https://gist.github.com/Benhawkins18/927177850e27a6254678059c99d98209)
|
||||||
|
- [Discord](https://discord.gg/metadao)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `E1FJAp8saDU6Da2ccayjLBfA53qbjKRNYvu7QiMAnjQx`
|
||||||
|
- Proposal number: 8
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `3Rx29Y8npZexsab4tzSrLfX3UmgQTC7TWtx6XjUbRBVy`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-02-24
|
||||||
|
- Ended: 2024-02-24
|
||||||
|
|
@ -0,0 +1,111 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $50,000 OTC Trade with Pantera Capital?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/H59VHchVsy8UVLotZLs7YaFv2FqTH5HAeXc4Y48kxieY"
|
||||||
|
date: 2024-02-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $50,000 OTC Trade with Pantera Capital?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-02-18
|
||||||
|
- URL: https://www.futard.io/proposal/H59VHchVsy8UVLotZLs7YaFv2FqTH5HAeXc4Y48kxieY
|
||||||
|
- Description: Pantera Capital Acquisition of $50,000 USDC worth of META
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Pantera Capital proposes a $50,000 OTC trade to acquire META tokens from The Meta-DAO, with a strategic partnership aimed at enhancing decentralized governance and increasing exposure to the Solana ecosystem.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This deal could strengthen the relationship between The Meta-DAO and Pantera Capital, potentially attracting further investments and collaborations.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The proposal anticipates a 25% increase in META's value due to the high-profile partnership and strategic resources provided by Pantera.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The final price per META is yet to be determined, and any fluctuations in the market could adversely affect the deal's valuation and META's perceived value.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Drafted with support from: Pantera Capital, 0xNallok, 7Layer, and Proph3t
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
- Pantera Capital wishes to acquire {tbd} META (`METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr`) from The Meta-DAO (`ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy`)
|
||||||
|
- The price per META shall be determined upon passing of the proposal and the lesser of the average TWAP price of the pass / fail market and \$100
|
||||||
|
|
||||||
|
$$ ppM = min((twapPass + twapFail) / 2, 100) $$
|
||||||
|
- A total of \$50,000 USDC (`EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v`) will be committed by Pantera Capital
|
||||||
|
- The Meta-DAO will transfer 20% of the final allocation of META to the Pantera wallet immediately and place 80% of the final allocation of META into a 12 month, linear vest Streamflow program
|
||||||
|
|
||||||
|
## Rationale
|
||||||
|
|
||||||
|
Pantera views this investment as a strategic partnership and an opportunity to show support for The Meta-DAO, which is spearheading innovation in decentralized governance. Pantera has invested in the blockchain and crypto ecosystem heavily and looks forward to its long term promise. It views its acquisition of META as an opportunity to test futarchy's potential as an improved system for decentralized governance and provide meaningful feedback for accelerating its development and adoption across the crypto ecosystem.
|
||||||
|
|
||||||
|
There is a specific interest in Solana as a proving ground for innovative products and services for blockchain technology, and Pantera desires more direct exposure to the Solana ecosystem.
|
||||||
|
|
||||||
|
With respect to the investment, Pantera holds the perspective that The Meta-DAO may be an ideal community within Solana for soliciting additional deal flow. It also highlights support for innovation in the space of governance, support for Solana projects, and a belief that fundamentally, futarchy has a reasonable chance of success.
|
||||||
|
|
||||||
|
## Execution
|
||||||
|
The proposal contains the instruction for a transfer 1,000 META into a multisignature wallet `BtNPTBX1XkFCwazDJ6ZkK3hcUsomm1RPcfmtUrP6wd2K` with a 5/7 threshold of which the following parties will be members:
|
||||||
|
|
||||||
|
- Pantera Capital (`6S5LQhggSTjm6gGWrTBiQkQbz3F7JB5CtJZZLMZp2XNE`)
|
||||||
|
- Pantera Capital (`4kjRZzWWRZGBto2iKB6V7dYdWuMRtSFYbiUnE2VfppXw`)
|
||||||
|
- 0xNallok (`4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw`)
|
||||||
|
- MetaProph3t (`65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg`)
|
||||||
|
- Dodecahedr0x (`UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e`)
|
||||||
|
- Durden (`91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj`)
|
||||||
|
- Blockchainfixesthis (`HKcXZAkT4ec2VBzGNxazWhpV7BTk3frQpSufpaNoho3D`)
|
||||||
|
|
||||||
|
The multisig members instructions are as follows:
|
||||||
|
- Accept receipt of META into the multisig as defined by on chain instruction
|
||||||
|
- Accept the full USDC amount of $50,000 from Pantera Capital into the multisig
|
||||||
|
- Determine and publish the price per META according to the definition above
|
||||||
|
- Confirmation from two parties within The Meta-DAO that the balances exist and are in full
|
||||||
|
- Take `$50,000 / calculated per META` and determine final allocation quantity of META
|
||||||
|
- Transfer 20% of the final allocation of META to Pantera's address `FLzqFMQo2KmsenkMP4Y82kYVnKTJJfahTJUWUDSp2ZX5`
|
||||||
|
- Configure a 12 month Streamflow vesting program with a linear vest
|
||||||
|
- Transfer 80% of the final allocation of META into the Streamflow program
|
||||||
|
- Return any remaining META to the DAO treasury
|
||||||
|
|
||||||
|
|
||||||
|
## ROI to META
|
||||||
|
|
||||||
|
The proposal evaluates a net increase in value to META by bringing on a strategic partner such as Pantera which would boost visibility and afford some cash holdings. This proposal speculates a ~25% increase in META value due to the high profile of Pantera and their offering of strategic resources to the project.
|
||||||
|
|
||||||
|
| Details | |
|
||||||
|
|---|---|
|
||||||
|
| META Spot Price 2024-02-17 15:58 UTC | $96.93 |
|
||||||
|
| META Circulating Supply 2024-02-17 15:58 UTC | 14,530 |
|
||||||
|
| Offer Price | \${TBD} |
|
||||||
|
| Offer META | {TBD} |
|
||||||
|
| Offer USDC | \$50,000 |
|
||||||
|
| META Transfer to Circulation | {TBD} % |
|
||||||
|
| New META Circulating Supply | {TBD} |
|
||||||
|
|
||||||
|
Here are the pre-money valuations at different prices:
|
||||||
|
- \$50: \$726,000
|
||||||
|
- \$60: \$871,800
|
||||||
|
- \$70: \$1,017,000
|
||||||
|
- \$80: \$1,162,400
|
||||||
|
- \$90: \$1,307,700
|
||||||
|
- \$100: \$1,453,000
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `H59VHchVsy8UVLotZLs7YaFv2FqTH5HAeXc4Y48kxieY`
|
||||||
|
- Proposal number: 7
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-02-23
|
||||||
|
- Ended: 2024-02-23
|
||||||
|
|
@ -0,0 +1,109 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Develop Multi-Option Proposals?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
|
||||||
|
date: 2024-02-20
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Develop Multi-Option Proposals?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-02-20
|
||||||
|
- URL: https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
|
||||||
|
- Description: Develop Multi-Option Proposals
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to develop multi-modal proposal functionality for the MetaDAO, allowing for multiple mutually-exclusive outcomes in decision-making, and seeks compensation of 200 META distributed across four milestones.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will benefit from enhanced decision-making capabilities that allow for the consideration of multiple options, improving governance efficiency.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Implementing this feature could increase the DAO's value by approximately 12.1%, enhancing its decision-making bandwidth and innovation in governance.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the project may face delays due to other priorities or complications in development, potentially impacting the timeline for delivering the proposed features.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
This is a proposal to pay me (agrippa) in META to create multi-modal proposal functionality.
|
||||||
|
|
||||||
|
As it stands proposals have two outcomes: Pass or Fail.
|
||||||
|
A multi-modal proposal is one with multiple mutually-exclusive outcomes, one of which is Fail and the rest of which are other things.
|
||||||
|
|
||||||
|
For example, you can imagine a proposal to choose the first place prize of the Solana Scribes contest, where there's a conditional market on each applicant![^1] Without multi-modal proposals, a futarchic DAO has basically no mechanism for making choices like this, but multi-modal proposals solve it quite well.
|
||||||
|
|
||||||
|
Architecturally speaking there is no need to hard-limit the number of conditions in a conditional vault / number of outcomes in a proposal.
|
||||||
|
|
||||||
|
I believe even in the medium term it will prove to be a crucial feature that provides a huge amount of value to the DAO[^2], and I believe the futarchic DAO software is currently far and away the DAO's most important asset and worth investing in.
|
||||||
|
|
||||||
|
### Protocol complexity and risk
|
||||||
|
Unlike other potential expansions of DAO complexity, multi-modal proposals do not particularly introduce any new security / mechanism design considerations. If you can maliciously get through "proposal option 12", you could have also gotten through Pass in a binary proposal because conditional markets do not compete with eachother over liquidity.
|
||||||
|
|
||||||
|
[^1]: You'd probably filter them down at least a little bit, though in principle you don't need to. Also, you could award the 2nd and 3rd place prizes to the 2nd and 3rd highest trading contestants 🤔… kinda neat.
|
||||||
|
|
||||||
|
[^2]: Down the line, I think multi-modal proposals are really quite interesting. For example, for each proposal anyone makes, you could have a mandatory draft stage where before the conditional vault actually goes live anyone can add more alternatives to the same proposal. **I think this would be really effective at cutting out pork** and is the primary mechanism for doing so.
|
||||||
|
|
||||||
|
## About me
|
||||||
|
I have been leading development on https://github.com/solana-labs/governance-ui/ (aka the Realms frontend) for Solana Labs for the past year. Aside from smart contract dev, I'm an expert at making web3 frontends performant and developer-ergonomic (hint: it involves using react-query a lot). I started what was probably the very first high-school blockchain club in the world in 2014, with my then-Physics-teacher Jed who now works at Jito. In my undergrad I did research at Cornell's Initiative for Cryptocurrency and Contracts and in 2017 I was invited to a smart contract summit in China because of some Sybil resistance work I was doing at the time (Vitalik was there!).
|
||||||
|
|
||||||
|
I developed the [first conditional tokens vault on Solana](https://github.com/Nimblefoot/precogparty/tree/main/programs/precog) as part of a prediction market reference implementation[^3] (grant-funded by FTX of all people, rest in peace 🙏). This has influenced changes to the existing metadao conditional vault, [referenced here](https://discord.com/channels/1155877543174475859/1174824703513342082/1194351565734170664), which I've been asked to help test and review.
|
||||||
|
|
||||||
|
I met Proph3t in Greece this past December and we spent about 3 hours walking and talking in the pouring rain about the Meta-DAO and futarchy. During our conversation I told him what Hanson tells people: futarchy isn't used because organizations don't actually want it, they'd rather continue to get fat on organizational inefficiencies. But my thinking has changed!
|
||||||
|
|
||||||
|
1. I've now seen how excited talented builders and teams are about implementing futarchy (as opposed to wanting to cling to control)
|
||||||
|
2. I've realized just how fun futarchy is and I want it for myself regardless of anything else
|
||||||
|
[^3]: I did actually came up with the design myself, but it's been invented multiple times including for example Gnosis conditional vaults on Ethereum.
|
||||||
|
|
||||||
|
### Value
|
||||||
|
To me these are the main points of value. I have included my own subjective estimates on how much more the DAO is worth if this feature was fully implemented. (Bare in mind we are "double dipping" here, these improvements include both the functioning of the Meta-DAO itself and the value of the Meta-DAO's best asset, the dao software)
|
||||||
|
|
||||||
|
- Ability to weigh multiple exclusive alternatives at once literally exponentially increases the DAO's decision-making bandwidth in relevant cases (+5%)
|
||||||
|
- Multi-modal proposals with a draft stage are the best solution to the deeply real game-theoretic problem of pork barrel (+5%)
|
||||||
|
- Multi-modal proposals are cool and elegant. Selection among multiple alternatives is a very challenging problem in voting mechanism design, usually solved poorly (see: elections). Multi-modal futarchic proposals are innovative and exciting not just in the context of futarchy, but all of governance! That's hype (+2%)
|
||||||
|
- A really kickass conditional vault implementation is useful for other protocols and this one would be the best. It could collect very modest fees for the DAO each time tokens are deposited into it. (yes, protocols can just fork it, but usually this doesn't happen: see Serum pre explosion, etc) (+0.1%)
|
||||||
|
So that is (in my estimation) +12.1% value to the Meta-DAO.
|
||||||
|
|
||||||
|
According to https://dune.com/metadaohogs/themetadao circulating supply is 14,416 META. `14416 * (100 + 12.1)% = 16160`, so this feature set would be worth a dilution of **+1744 META**. I am proposing you pay me much less than that.
|
||||||
|
|
||||||
|
I also believe that I am uniquely positioned to do the work to a very high standard of competence. In particular, I think making the contract work without a limit on # of alternatives requires a deep level of understanding of Anchor and Solana smart contract design, but is necessary in order to future-proof and fully realize the feature's potential.
|
||||||
|
|
||||||
|
### Compensation and Milestones
|
||||||
|
I believe in this project and do not want cash. I am asking for 200 META disbursed in 50 META intervals across 4 milestones:
|
||||||
|
|
||||||
|
1. Immediately upon passage of this proposal
|
||||||
|
2. Upon completing the (new from scratch) multi-modal conditonal vault program
|
||||||
|
3. Upon making futarch work with multi-modal conditional vaults
|
||||||
|
4. Upon integrating all related features into the frontend
|
||||||
|
I think this would take me quite a few weeks to do by myself. I think it's premature to establish any concrete timeline because other priorities may take precedence (for example spending some time refactoring querying and state in the FE). However, if that does happen, I won't allow this project to get stuck in limbo (if nothing else, consider my incentive to subcontract from my network of talented crypto devs).
|
||||||
|
|
||||||
|
Milestone completion would be assessed by a (3/5) Squads multisig comprised of:
|
||||||
|
|
||||||
|
- **Proph3t** (65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg), who needs no explanation
|
||||||
|
- **DeanMachine** (3PKhzE9wuEkGPHHu2sNCvG86xNtDJduAcyBPXpE6cSNt), who I believe is well known and trusted by both the Meta-DAO and the broader DAO community.
|
||||||
|
- **0xNallok** (4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw), who is supporting in operations and early organization within The Meta-DAO, and who has committed to being available for review of progress and work.
|
||||||
|
- **LegalizeOnionFutures** (EyuaQkc2UtC4WveD6JjT37ke6xL2Cxz43jmdCC7QXZQE), who I believe is a sharp and invested member of the Meta-DAO who will hold my work to a high standard.
|
||||||
|
- **sapphire** (9eJgizx2jWDLbyK7VMMUekRBKY3q5uVwv5LEXhf1jP3s), who has done impactful security related-work with Realms, informal security review of the Meta-DAO contracts, and is an active member of the Meta-DAO.
|
||||||
|
I selected this council because I wanted to keep it lean to reduce overhead but also diverse and representative of the DAO's interests. I will pay each member 2.5 META upon passage as payment for representing the DAO.
|
||||||
|
|
||||||
|
I would be very excited to join this futarchic society as a major techinical contributor. Thanks for your consideration :-)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht`
|
||||||
|
- Proposal number: 9
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-02-25
|
||||||
|
- Ended: 2024-02-25
|
||||||
|
|
@ -0,0 +1,118 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Increase META Liquidity via a Dutch Auction?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT"
|
||||||
|
date: 2024-02-26
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Increase META Liquidity via a Dutch Auction?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-02-26
|
||||||
|
- URL: https://www.futard.io/proposal/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT
|
||||||
|
- Description: Increase META Liquidity via a Dutch Auction
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to increase META liquidity through a manual Dutch auction on OpenBook, selling 1,000 META and pairing the USDC obtained with META for enhanced liquidity on Meteora.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including Meta DAO members and liquidity providers, may benefit from improved liquidity and trading conditions for META.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The initiative could result in a significant increase in protocol-owned liquidity and potentially higher trading fees due to more efficient liquidity management.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of insufficient demand for META during the auction, which may lead to lower-than-expected liquidity or losses if prices drop significantly.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Responsible Parties
|
||||||
|
Durden, Ben H, Nico, joebuild, and Dodecahedr0x.
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
Sell META via a Dutch auction executed manually through OpenBook, and pair the acquired USDC with META to provide liquidity on Meteora.
|
||||||
|
|
||||||
|
### Background
|
||||||
|
Given the currently low volume and high volatility of META, there is little incentive to provide liquidity (low fees, high risk of impermanent loss). Yet there seems to be near-universal agreement in the Meta DAO Discord that greater liquidity would be highly beneficial to the project.
|
||||||
|
|
||||||
|
While the DAO has plenty of META, to provide liquidity it needs USDC to pair with it's META. This USDC can be acquired by selling META.
|
||||||
|
|
||||||
|
There is currently strong demand for META, with an oversubscribed raise (proposal 3), proposals from notable parties attemtpting to purchase META at below market price, and a well-known figure DCAing into META. There is thus no need to sell META for USDC at below market prices; we only need to sell META at a price that would be better than if they were to buy through the market.
|
||||||
|
|
||||||
|
This proposal seeks to manually perform a Dutch auction using OpenBook. This serves a few purposes: price discovery through a market that is open to all, low smart contract risk (relative to using a custom Dutch auction program), simplicity (which will result in wider participation), and ease of execution (just place asks on OpenBook).
|
||||||
|
|
||||||
|
### Implementation
|
||||||
|
Meta DAO will sell a total of 1,000 META.
|
||||||
|
|
||||||
|
The META will be sold in tranches of 100 META by placing asks above the spot price. The first tranche will be placed 50% above the spot price. Every 24 hours, if the ask is more than 6% above the spot price, it will be lowered by 5%.
|
||||||
|
|
||||||
|
Whenever an ask is filled, a new ask worth 100 META will be placed 10% above the spot price. In addition, USDC from the filled asks will be paired with META and added to the 4% fee pool.
|
||||||
|
|
||||||
|
The multisig currently holding the liquidity in the [4% fee pool](https://app.meteora.ag/pools/6t2CdBC26q9tj6jBwPzzFZogtjX8mtmVHUmAFmjAhMSn) will send their LP tokens to this proposal's multisig. After the 1,000 META has all been sold, all of Meta DAO's liquidity will be moved to the [1% fee pool](https://app.meteora.ag/pools/53miVooS2uLfVpiKShXpMqh6PkZhmfDXiRAzs3tNhjwC). The LP tokens will be sent to the treasury to be held as permanent liquidity until Meta DAO decides otherwise.
|
||||||
|
|
||||||
|
All operations will be executed through a 3/5 Squads multisig.
|
||||||
|
|
||||||
|
Multisig address: `LMRVapqnn1LEwKaD8PzYEs4i37whTgeVS41qKqyn1wi`
|
||||||
|
|
||||||
|
The multisig is composed of the following five members:
|
||||||
|
|
||||||
|
Durden: `91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj`
|
||||||
|
|
||||||
|
Ben H: `Hu8qped4Cj7gQ3ChfZvZYrtgy2Ntr6YzfN7vwMZ2SWii`
|
||||||
|
|
||||||
|
Nico: `6kDGqrP4Wwqe5KBa9zTrgUFykVsv4YhZPDEX22kUsDMP`
|
||||||
|
|
||||||
|
joebuild: `XXXvLz1B89UtcTsg2hT3cL9qUJi5PqEEBTHg57MfNkZ`
|
||||||
|
|
||||||
|
Dodecahedr0x: `UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e`
|
||||||
|
|
||||||
|
I will be using the SquadsX wallet to propose transactions to interact with OpenBook through [Prism's UI](https://v4xyz.prism.ag/trade/v2/2Fgj6eyx9mpfc27nN16E5sWqmBovwiT52LTyPSX5qdba). Once proposed, I will vote on the proposed transaction and wait for two other multisig members to sign and execute.
|
||||||
|
|
||||||
|
If the proposal passes, those with the permissions to make announcements in the Discord and access to the Meta DAO Twitter account will be notified so they can announce this initiative.
|
||||||
|
|
||||||
|
### Compensation
|
||||||
|
I am requesting a payment of 5 META to cover the cost of creating the market for this proposal and for the effort of crafting this proposal and carrying it out to completion.
|
||||||
|
|
||||||
|
For the compensation of the multisig members other than myself, I performed a sealed-bid auction via Discord DMs for the amount of META that each of the 10 candidates would require to become a member. Those who were willing to join for the least amount of META were selected. Only individuals who were already respectable Meta DAO members were selected as candidates so that regardless of who was chosen we didn't end up in a precarious situation. This was done in order to create a competitive dynamic that minimizes the cost incurred by Meta DAO.
|
||||||
|
|
||||||
|
The candidates with the lowest asks and their requested amounts were as follows:
|
||||||
|
|
||||||
|
- Ben H – 0 META
|
||||||
|
- Nico – 0 META
|
||||||
|
- joebuild – 0.2 META
|
||||||
|
- Dodecahedr0x – 0.25 META
|
||||||
|
All compensatory payments will be made by the multisig to each individual upon the completion of the proposal.
|
||||||
|
|
||||||
|
### Total Required META
|
||||||
|
Since the amount of META needed to be paired for liquidity is unknown until the META is actually sold, we will request double the amount of META to be sold, which leaves a fairly large margin for price to increase and still have enough META. In the event that there is insufficient META to pair with the USDC, the excess USDC will be returned to the treasury. Similarly, any META slated for liquidity that is leftover will be returned to the treasury.
|
||||||
|
|
||||||
|
META to be sold: 1,000
|
||||||
|
|
||||||
|
META for liquidity: 2,000
|
||||||
|
|
||||||
|
META for compensation: 5.45
|
||||||
|
|
||||||
|
**Total: 3,005.45**
|
||||||
|
|
||||||
|
### Result
|
||||||
|
This proposal will significantly increase Meta DAO's protocol-owned liquidity as well as move its existing liquidity to a more efficient fee tier, addressing recent complaints and concerns regarding META's liquidity.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT`
|
||||||
|
- Proposal number: 10
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-03-02
|
||||||
|
- Ended: 2024-03-02
|
||||||
|
|
@ -0,0 +1,88 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Burn 99.3% of META in Treasury?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU"
|
||||||
|
date: 2024-03-03
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Burn 99.3% of META in Treasury?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-03-03
|
||||||
|
- URL: https://www.futard.io/proposal/ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU
|
||||||
|
- Description: Burn 99.3% of META in Treasury?
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to burn approximately 99.3% of treasury-held META tokens to reduce the Fully Diluted Valuation (FDV), enhance the attractiveness of META for investors, and promote community engagement.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This action seeks to encourage broader participation from potential investors and community members by lowering the FDV.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The reduction in token supply could increase demand and perceived value of META, leading to improved investor interest and engagement.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Burning a significant portion of tokens may limit future financial flexibility and could deter investors concerned about long-term supply dynamics.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Authors
|
||||||
|
doctor.sol & rar3
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
Burn ~99.3% `979,000` of treasury-held META tokens to significantly reduce the FDV, with the goal of making META more appealing to investors and enhancing community engagement.
|
||||||
|
|
||||||
|
### Background
|
||||||
|
The META DAO is currently perceived to have a **high Fully Diluted Valuation (FDV)** due to the substantial amount of META tokens in the treasury, approximately `985,000 tokens`. This high FDV often **discourages potential investors and participants** from engaging with META, as they may perceive the investment as less attractive right from the start.
|
||||||
|
|
||||||
|
### Issue at Hand
|
||||||
|
The primary concern is that the high FDV and treasury leads to the following problems:
|
||||||
|
|
||||||
|
1. **It encourages the use of META for expenses.**
|
||||||
|
2. **It lowers the attractiveness of META as an investment opportunity** at face value.
|
||||||
|
3. **It reduces the number of individuals willing to participate** in this futuarchy experiment.
|
||||||
|
|
||||||
|
While a high FDV can deter less informed community members, which has its benefits, it also potentially wards off highly valuable community members who could contribute positively.
|
||||||
|
|
||||||
|
#### Examples
|
||||||
|
- https://imgur.com/a/KHMjJqo
|
||||||
|
- https://imgur.com/a/3DH2jcO
|
||||||
|
|
||||||
|
### Proposed Solution
|
||||||
|
We propose **burning approximately ~99.3%** of the META tokens -`99,000 tokens` - currently held in the DAO's treasury. This action is aimed at achieving the following outcomes:
|
||||||
|
|
||||||
|
- **Elimination of Treasury META Payments**: Reduces the propensity to utilize $META from the treasury for proposal payments, promoting a healthier economic framework.
|
||||||
|
- **Market-Based Token Acquisition**: Future requirements for $META tokens will necessitate market purchases, fostering demand and enhancing token value.
|
||||||
|
- **Prioritization of $USDC and Revenue**: Shifting towards $USDC payments and focusing on revenue generation marks a move towards financial sustainability and robustness.
|
||||||
|
- **Confidence Boost in META**: By significantly reducing the supply of META tokens, we signal a strong commitment to the token's value, **potentially leading to increased interest and participation in prop 10 execution.**
|
||||||
|
- **Attracting a Broader Community**: Lowering the FDV makes META more attractive at face value, inviting a wider range of participants, including those who conduct thorough research and those attracted by the token's perceived tokenomics.
|
||||||
|
|
||||||
|
### Rundown of Numbers:
|
||||||
|
- **Current Treasury:** `982,464 META tokens`
|
||||||
|
- **After Burning:** `3,464 META tokens`
|
||||||
|
- **Post-Proposition 10:** An expected `1,000 META tokens` should be added back from multisig after prop 10, ranging anywhere from `0 to 3,000 META`.
|
||||||
|
- **Final Treasury:** After burning, the treasury would have around `4,500 META`, valued at `$4 million`, plus `$2 million in META-USDC LP` at todays price `$880 / META`.
|
||||||
|
- **Total META supply:** `20,885`
|
||||||
|
|
||||||
|
#### Note
|
||||||
|
Adopting this proposal does **not permanently cap our token supply.** The community is currently discussing the possibility of transitioning to a **mintable token model**, which would provide the flexibility to issue more tokens if the need arises.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `ELwCkHt1U9VBpUFJ7qGoVMatEwLSr1HYj9q9t8JQ1NcU`
|
||||||
|
- Proposal number: 11
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `Pr11UFzumi5GXoZVtnFHDpB6NiWM3XH57L6AnKzXyzD`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-03-08
|
||||||
|
- Ended: 2024-03-08
|
||||||
|
|
@ -0,0 +1,224 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Develop Futarchy as a Service (FaaS)?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc"
|
||||||
|
date: 2024-03-13
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Develop Futarchy as a Service (FaaS)?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-03-13
|
||||||
|
- URL: https://www.futard.io/proposal/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc
|
||||||
|
- Description: Develop Futarchy as a Service (FaaS)
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to develop Futarchy as a Service (FaaS) by creating a minimum viable product that enables DAOs to utilize market-driven governance and improve the user interface for better functionality.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative provides DAO creators and participants with a more effective governance tool that leverages market predictions, potentially enhancing decision-making processes.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
If successful, FaaS could attract numerous DAOs, significantly increasing MetaDAO's revenue through licensing and transaction fees.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of cost overruns and project delays, which could impact the financial viability and timeline of the proposal.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Type: Business project
|
||||||
|
|
||||||
|
Entrepreneur(s): 0xNallok
|
||||||
|
|
||||||
|
*A note from 0xNallok: Special thanks are owed to the many parties who've supported the project thus far, to those who've taken massive risk on utilizing the systems and believing in a better crypto. It has been one of the most exciting things, not in attention, but seeing the “aha!” moments and expanding the understanding of what is possible with crypto.*
|
||||||
|
|
||||||
|
See also: [A Vision for Futarchy as a Service](https://hackmd.io/@0xNallok/rJ5O9LwaT)
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
The appetite for market-driven governance is palpable. We have a tremendous opportunity to take this labor of love and shape it into a prime-time product. Such a product would be a great boon to the Solana ecosystem and to the MetaDAO's bottom line.
|
||||||
|
|
||||||
|
If passed, this proposal would fund two workstreams:
|
||||||
|
|
||||||
|
- **Minimum viable product**: I would coordinate the creation of a minimum viable product: a Realms-like UI that allows people to create and participate in futarchic DAOs. This requires some modifications to the smart contract and UI to allow for more than one DAO.
|
||||||
|
- **UI improvements**: I've already been working with engineers to add helpful functionality to the UI. This proposal would fund these features, including:
|
||||||
|
- historical charts
|
||||||
|
- improving UX around surfacing information (e.g., showing how much money you have deposited in each proposal)
|
||||||
|
- showing historical trades
|
||||||
|
- showing market volume
|
||||||
|
|
||||||
|
The goal would be to onboard some early adopter DAOs to test alongside MetaDAO. A few teams have already expressed interest.
|
||||||
|
|
||||||
|
## Problem
|
||||||
|
|
||||||
|
Most people in crypto agree that the state of governance is abysmal. Teams can loot the treasury without repercussions[^1]. Decentralization theatre abounds[^2]. Even some projects that build DAO tooling don't feel comfortable keeping their money in a DAO[^3].
|
||||||
|
|
||||||
|
The root cause of this issue is token-voting. One-token-one-vote systems have clear incentive traps[^4] that lead to uninformed and unengaged voters. Delegated voting systems ('liquid democracy') don't fare much better: most holders don't even do enough research to delegate.
|
||||||
|
|
||||||
|
## Design
|
||||||
|
|
||||||
|
|
||||||
|
A possible solution that MetaDAO has been testing out is futarchy. In a futarchy, it's markets that make the decisions. Given that markets are empirically better than experts at predicting things, we expect futarchies to perform better than traditional DAOs.
|
||||||
|
|
||||||
|
Our objective is to build a product that allows DAOs in the Solana ecosystem to harness the power of the market for their decision-making. This product would look and feel like [Realms](https://realms.today/), only with futarchy instead of voting.
|
||||||
|
|
||||||
|
Our short-term goal is to create a minimum viable iteration of this. This iteration would support the following flows:
|
||||||
|
- I, as a DAO creator, can come to a website and create a futarchic DAO
|
||||||
|
- I, as a futarchic trader, can trade in multiple DAOs proposals' futarchic markets
|
||||||
|
|
||||||
|
To monetize this in the long-term, we could:
|
||||||
|
- Collect licensing fees
|
||||||
|
- Collect taker/maker fees in the conditional markets
|
||||||
|
- Provide ancillary consulting services to help DAOs manage their futarchies
|
||||||
|
|
||||||
|
The minimum viable product wouldn't support these. We would instead work with a few select DAOs and sign agreements with them to migrate to a program with fee collection within 6 months of it being released if they wish to continue to use MetaDAO's offering.
|
||||||
|
|
||||||
|
### Objectives and Key Results
|
||||||
|
|
||||||
|
**Release a minimum viable product by May 21st, 2024**
|
||||||
|
- Extend the smart contract to support multiple DAOs
|
||||||
|
- Generalize the UI to support multiple DAOs
|
||||||
|
- Create docs for interacting with the product
|
||||||
|
- Partner with 3 DAOs to have them use the product at launch-time
|
||||||
|
|
||||||
|
**Improve the overall UI/UX**
|
||||||
|
- Create an indexer and APIs for order and trade history
|
||||||
|
- Improve the user experience for creating proposals
|
||||||
|
- Improve the user experience for trading proposals
|
||||||
|
|
||||||
|
### Timeline
|
||||||
|
|
||||||
|
**Phase 1**
|
||||||
|
Initial discussions around implementation, services and visual components
|
||||||
|
UI design for components
|
||||||
|
Development of components in React
|
||||||
|
Program development
|
||||||
|
Data services / APIs construction
|
||||||
|
|
||||||
|
**Phase 2**
|
||||||
|
Program deployed on devnet
|
||||||
|
Data services / APIs linked with devnet
|
||||||
|
UI deployed on dev branch for use with devnet
|
||||||
|
|
||||||
|
**Phase 3**
|
||||||
|
Audit and revisions of program
|
||||||
|
Testing UI, feedback and revisions mainnet with limited beta testers and on devent
|
||||||
|
|
||||||
|
**Phase 4**
|
||||||
|
Proposal for migration of program
|
||||||
|
UI live on mainnet
|
||||||
|
Create documentation and videos
|
||||||
|
|
||||||
|
**Final**
|
||||||
|
Migrate program
|
||||||
|
|
||||||
|
## Budget
|
||||||
|
|
||||||
|
This project is expected to have deliverables within 30 days with full deployment within two months.
|
||||||
|
|
||||||
|
Below is the inclusion of estimated **MAXIMUM** _costs and hours_ for the following roles[^5]. **If costs do incur beyond this estimate the cost is to be borne by the Entrepreneur.**
|
||||||
|
|
||||||
|
A fair estimate of `$96,000`[^6] for the two months including the following:
|
||||||
|
- 1 smart contract engineer (\$15,000) (160 hours)
|
||||||
|
- 1 auditor (\$10,000) (40 hours)
|
||||||
|
- 2 UI / UX (\$32,000) (400 hours)
|
||||||
|
- 1 data/services developer (\$13,000) (140 hours)
|
||||||
|
- 1 project manager / research / outreach (\$26,000) (320 hours)
|
||||||
|
|
||||||
|
The Entrepreneur (0xNallok) would fill in various roles, but primarily the project manager.
|
||||||
|
|
||||||
|
This will be funded through:
|
||||||
|
- Transfer of \$40,000 USDC from the existing funds in the multi-sig treasury.
|
||||||
|
- Transfer of 342 META[^7] which will be used when payment is due to convert to USDC.
|
||||||
|
- The funds will be transferred to a 2/3 mult-sig including 0xNallok, Proph3t and Nico.
|
||||||
|
- Payments to the parties will be done weekly.
|
||||||
|
|
||||||
|
> The reason for overallocation of META is due to the price fluctuation of the asset and necessity for payment in USDC. This takes the cost minus the \$40k USDC (\$56k) divided by the current price of 1 META (\$818.284) multiplied by a factor of 5.
|
||||||
|
|
||||||
|
> Any remaining META once the project is completed will be transferred back to the MetaDAO treasury.
|
||||||
|
|
||||||
|
MetaDAO Executor (`FpMnruqVCxh3o2oBFZ9uSQmshiyfMqzeJ3YfNQfP9tHy`)
|
||||||
|
|
||||||
|
MetaDAO Treasury (`ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy`)
|
||||||
|
|
||||||
|
FaaS Multi-sig (`AHwsoL97vXFdvckVZdXw9rrvnUDcPANCLVQzJan9srWy`)
|
||||||
|
> 0xNallok (`4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw`)
|
||||||
|
|
||||||
|
> Proph3t (`65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg`)
|
||||||
|
|
||||||
|
> Nico (`6kDGqrP4Wwqe5KBa9zTrgUFykVsv4YhZPDEX22kUsDMP`)
|
||||||
|
|
||||||
|
This proposal includes the transfer instruction from the MetaDAO treasury, the additional funds will be transferred from the MetaDAO Executor.
|
||||||
|
|
||||||
|
## Business
|
||||||
|
|
||||||
|
Ultimately, the goal of the MetaDAO is to make money. There are a few ways to monetize FaaS all dependent on what appeals most to DAOs:
|
||||||
|
- **Taker fees on markets**: we could take 5 - 25 basis points via a taker fee on markets.
|
||||||
|
- **Monthly licensing fees**: because the code is BSL, we could charge a monthly fee for the code and the site
|
||||||
|
- **Support and services**: we could also provide consultation services around futarchic governance, like a Gauntlet model.
|
||||||
|
|
||||||
|
In general, we should aim for **vertical integration**. The goal is not to build this product as a primitive and then allow anyone to build front-ends for it: it's to own the whole stack.
|
||||||
|
|
||||||
|
### Financial Projections
|
||||||
|
|
||||||
|
Today, 293 DAOs use Realms. Realms is a free platform, so plenty of these DAOs are inactive and wouldn't be paying customers. So we estimate that we could acquire 5 - 100 DAOs as customers.
|
||||||
|
|
||||||
|
As for estimating ARPU (average revenue per user), we can start by looking at the volume in the MetaDAO's markets:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Note that this only includes the volume in the finalized market, as all trades in the other market are reverted and thus wouldn't collect fees.
|
||||||
|
|
||||||
|
So assuming that proposal 6 - 8 are an appropriate sample, we could earn ~\$50 - \$500 per proposal. If DAOs see between 1 - 2 proposals per month, that's \$100 - \$1,000 in taker fee ARPU.
|
||||||
|
|
||||||
|
As for monthly licensing fees, Squads charges \$99 / month for SquadsX and \$399 / month for Squads Pro. I suspect that DAOs would be willing to pay a premium for governance. So we can estimate between \$50 - \$1,000 in monthly licensing fees.
|
||||||
|
|
||||||
|
Putting these together:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The support & services business is different enough that it deserves its own model. This is because consulting / advisory businesses have non-zero marginal costs (you can't earn $25,000,000 in revenue from one consultant) and have lower defensibility. Both cause them to receive lower valuation multiples.
|
||||||
|
|
||||||
|
Here's what we project:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Of course, you can use your own numbers if you'd like to come up with your own estimates.
|
||||||
|
|
||||||
|
## Footnotes
|
||||||
|
[^1]: DeFi Project Parrot Holds Contentious Vote on Future of $70M Treasury. Danny Nelson. Jul 21, 2023. https://www.coindesk.com/markets/2023/07/21/defi-project-parrot-puts-fate-of-over-70m-treasury-prt-token-to-vote/.
|
||||||
|
|
||||||
|
[^2]: Crypto’s Theater Is Becoming More Surreal. Camila Russo. Aug 14, 2023. https://www.coindesk.com/consensus-magazine/2023/08/14/cryptos-theater-is-becoming-more-surreal/.
|
||||||
|
|
||||||
|
[^3]: Aragon Fires Back at Activist Investors in Early Stages of DAO Governance Fight. Danny Nelson. May 5, 2023. https://www.coindesk.com/business/2023/05/05/aragon-fires-back-at-activist-investors-in-early-stages-of-governance-fight/.
|
||||||
|
|
||||||
|
[^4]: The Logic of Collective Action. Wikipedia. Mar 7, 2024. https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action.
|
||||||
|
|
||||||
|
[^5]: As this is an approximation and development and integration depends on a number of factors, inclusion of roles and estimates seems appropriate but may be in flux given changes which arise, however costs would not extend beyond the estimate.
|
||||||
|
|
||||||
|
[^6]: This breaks down to an average estimate of ~$90/hour and 1060 (wo)man hours total.
|
||||||
|
|
||||||
|
[^7]: $$(56,000/818.284) * 5 \approx 342$$
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc`
|
||||||
|
- Proposal number: 12
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-03-19
|
||||||
|
- Ended: 2024-03-19
|
||||||
|
|
@ -0,0 +1,92 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $250,000 OTC Trade with Colosseum?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1"
|
||||||
|
date: 2024-03-19
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $250,000 OTC Trade with Colosseum?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-03-19
|
||||||
|
- URL: https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1
|
||||||
|
- Description: Colosseum's Acquisition of $250,000 USDC worth of META
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Colosseum proposes to acquire META from The MetaDAO Treasury for up to $250,000, with the price per META set based on market conditions. If the proposal passes, Colosseum will receive 20% of the META immediately and the remaining 80% will be vested over 12 months.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal could enhance collaboration between Colosseum and MetaDAO, providing access to new entrepreneurs and funding opportunities.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Strategic partnership with Colosseum may significantly increase the long-term value and growth potential of META through enhanced visibility and support for startups.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Market volatility could render the acquisition void if the price of META exceeds $1,200, potentially limiting the expected benefits of the partnership.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
- Colosseum wishes to acquire {tbd} META (METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr) from The MetaDAO Treasury (ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy).
|
||||||
|
- If the proposal passes, the price per META will be the TWAP of the pass market if below \$850. If this proposal is approved and the pass market TWAP surpasses \$850 per META, but is below \$1,200, then the acquisition price per META will be \$850. If the pass market TWAP surpasses \$1,200, then this proposal becomes void and the USDC in the multisig will be returned to Colosseum’s wallet.
|
||||||
|
- A total of \$250,000 USDC (EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v) will be committed by Colosseum.
|
||||||
|
- The MetaDAO will transfer 20% of the final allocation of META to Colosseum's wallet immediately and place 80% of the final allocation of META into a 12 month, linear vest Streamflow program.
|
||||||
|
|
||||||
|
### Rationale
|
||||||
|
Colosseum runs Solana’s hackathons, supports winning founders through a new accelerator program, and invests in their startups. Our mission is to bolster innovative improvements to technology, economics, and governance in crypto through all 3 pillars of our organization. In line with that mission, we believe MetaDAO is one of the most promising early experiments in crypto and we strongly believe we can help the project grow significantly due to our unique position in the Solana ecosystem.
|
||||||
|
|
||||||
|
In addition to the capital infusion provided by Colosseum, our primary value proposition is our ability to bring new entrepreneurs and cyber agents to MetaDAO over the long-term. Given that a majority of the VC-backed startups in the Solana ecosystem started in hackathons, we can utilize both our hackathons and accelerator program to funnel talented developers, founders, and ultimately revenue-generating startups to the DAO.
|
||||||
|
|
||||||
|
In practice, there are many ways Colosseum can promote MetaDAO and we want to collaborate with the DAO community around ongoing initiatives. To show our commitment towards future collaborations, we promise that if this proposal passes, the MetaDAO will be the sponsor of the DAO track in the next Solana hackathon after Renaissance, at no additional cost. The next DAO track prize pool will be between \$50,000 - \$80,000.
|
||||||
|
|
||||||
|
### Execution
|
||||||
|
The proposal contains the instruction for a transfer {tbd} META into a Squads multisignature wallet [FhJHnsCGm9JDAe2JuEvqr67WE8mD2PiJMUsmCTD1fDPZ] with a 5/7 threshold of which the following parties will be members:
|
||||||
|
- Colosseum (REDACTED)
|
||||||
|
- Colosseum (REDACTED)
|
||||||
|
- MetaProph3t (65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg)
|
||||||
|
- 0xNallok (4LpE9Lxqb4jYYh8jA8oDhsGDKPNBNkcoXobbAJTa3pWw)
|
||||||
|
- Cavemanloverboy (2EvcwLAHvXW71c8d1uEXTCbVZjzMpYUQL5h64PuYUi3T)
|
||||||
|
- Dean (3PKhzE9wuEkGPHHu2sNCvG86xNtDJduAcyBPXpE6cSNt)
|
||||||
|
- Durden (91NjPFfJxQw2FRJvyuQUQsdh9mBGPeGPuNavt7nMLTQj)
|
||||||
|
|
||||||
|
The multisig members instructions are as follows:
|
||||||
|
1. Accept receipt of META into the multisig as defined by onchain instruction
|
||||||
|
2. Accept the full USDC amount of \$250,000 from Colosseum into the multisig
|
||||||
|
3.Determine and publish the price per META according to the definition above
|
||||||
|
4. Confirmation from two parties within The MetaDAO that the balances exist and are in fullTake \$250,000 / calculated per META and determine final allocation quantity of META
|
||||||
|
5. Transfer 20% of the final allocation of META to Colosseum’s address [REDACTED]
|
||||||
|
6. Configure a 12 month Streamflow vesting program with a linear vest
|
||||||
|
7. Transfer 80% of the final allocation of META into the Streamflow program
|
||||||
|
8. Return any remaining META to the DAO treasury
|
||||||
|
|
||||||
|
> NOTE: The reason for transferring 2,060 META is due to the fact that there is only one transfer and by overallocating we have a wider price range to be able to execute the instructions above. This is due to the fluctuations in the price of META.
|
||||||
|
For example if the price of TWAP for META is \$250 by the time the proposal passes, the amount of META allocated for the \$250,000/\$250 = 1,000 META. In this case 1,060 META would be returned to the treasury.
|
||||||
|
|
||||||
|
### ROI to META
|
||||||
|
We won’t speculate on what the exact ROI will be to META in the short to medium-term. However, if this proposal passes, we believe that our strategic partnership will increase the value of META significantly over the long-term due to Colosseum’s unique ability to embed MetaDAO as a viable institution that can help future crypto founders grow their businesses.
|
||||||
|
### Details
|
||||||
|
- META Spot Price 2024-03-18 18:09 UTC: \$468.09
|
||||||
|
- META Circulating Supply 2024-03-18 18:09 UTC: 17,421
|
||||||
|
- Circulating supply could change depending on the current dutch auction
|
||||||
|
- Offer Price per 1 META: Any market price up to \$850 per 1 META
|
||||||
|
- Offer USDC: \$250,000
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1`
|
||||||
|
- Proposal number: 13
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-03-24
|
||||||
|
- Ended: 2024-03-24
|
||||||
|
|
@ -0,0 +1,90 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Appoint Nallok and Proph3t Benevolent Dictators for Three Months?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
|
||||||
|
date: 2024-03-26
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Appoint Nallok and Proph3t Benevolent Dictators for Three Months?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-03-26
|
||||||
|
- URL: https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW
|
||||||
|
- Description: Takeover BDF3M
|
||||||
|
- Categories: {'category': 'Operations'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal aims to appoint Proph3t and Nallok as Benevolent Dictators for three months to expedite decision-making and business operations within MetaDAO while managing retroactive compensation and enhancing the proposal process.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will benefit from quicker decision-making and improved operational efficiency, potentially increasing MetaDAO's chances of success.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The proposal could lead to a more agile organization capable of completing 10 GitHub issues weekly and enhancing community engagement through regular updates.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
If the proposal fails, it could significantly decrease the likelihood of MetaDAO's success by over 20%, jeopardizing its future operations.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Entrepreneur(s)
|
||||||
|
|
||||||
|
Proph3t, Nallok
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
Today, MetaDAO is not executing as fast as a normal startup would. At the crux of this is that *the current proposal process is too slow and costly*. We can and will fix that, but in the short-term we need some of MetaDAO's key decisions to be made outside of the proposal process.
|
||||||
|
|
||||||
|
This proposal would appoint Proph3t and Nallok to be Benevolent Dictators For 3 Months (BDF3M). Their term would be from the finalization of this proposal to June 30th. At that point, either the futarchy will be able to function autonomously or another proposal will need to be raised.
|
||||||
|
|
||||||
|
We are requesting 1015 META and 100,000 USDC to handle 4 months of retroactive compensation (December - March) and 3 months of forward-looking compensation (April - June). So an average of 145 META and $14,000 per month.
|
||||||
|
|
||||||
|
Given that this is a critical juncture in MetaDAO's timeline, we believe that this proposal failing would decrease the probability of MetaDAO's success by more than 20%.
|
||||||
|
|
||||||
|
## OKRs
|
||||||
|
|
||||||
|
#### Execute faster
|
||||||
|
- Complete 10 issues on GitHub per week
|
||||||
|
|
||||||
|
#### Handle business operations
|
||||||
|
- Perform retroactive compensation for the months of December, January, February, and March within 1 week of the proposal passing
|
||||||
|
- Perform operations compensation for April, May, and June
|
||||||
|
- Oversee the creation of a new kickass landing page
|
||||||
|
|
||||||
|
## Project
|
||||||
|
|
||||||
|
If passed, this proposal would appoint Proph3t and Nallok as interim leaders. The following would fall under their domain:
|
||||||
|
- Retroactive compensation for all contributions to MetaDAO prior to this proposal
|
||||||
|
- Managing ongoing business operations, including:
|
||||||
|
- Steering the off-chain proposal process, including providing proposal and communication guidelines for proposers and compensating proposers when appropriate
|
||||||
|
- Steering MetaDAO-wide project management
|
||||||
|
- Handling any expenses or required activities required to operate effectively
|
||||||
|
- Improving the security and efficacy of the core futarchy mechanism
|
||||||
|
- Providing monthly updates to the MetaDAO community
|
||||||
|
- Compensation for current contributors, including the incentive-based part
|
||||||
|
|
||||||
|
The proposal would also allow Nallok or Proph3t to make exceptional use grants for MetaDAO's code licenses.
|
||||||
|
|
||||||
|
For technical reasons, no META nor USDC would come directly from the DAO's treasury. It would instead come from various multisigs.
|
||||||
|
|
||||||
|
Although we make no hard commitments, the META would likely be issued in 5-year locked form, as described [here](https://medium.com/@metaproph3t/-6d9ca555363e).
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW`
|
||||||
|
- Proposal number: 14
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-03-31
|
||||||
|
- Ended: 2024-03-31
|
||||||
|
|
@ -0,0 +1,116 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Migrate Autocrat Program to v0.2?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963"
|
||||||
|
date: 2024-03-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Migrate Autocrat Program to v0.2?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-03-28
|
||||||
|
- URL: https://www.futard.io/proposal/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963
|
||||||
|
- Description: Migrate Autocrat Program to v0.2?
|
||||||
|
- Categories: {'category': 'Operations'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to upgrade the Autocrat Program to v0.2 by introducing reclaimable rent, conditional token merging, and improved token metadata, along with several configuration changes to enhance functionality and user experience.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will benefit from reduced proposal creation costs and improved token usability, which may lead to increased participation in governance.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The upgrade could enhance liquidity and user experience, potentially attracting more users and proposals to the MetaDAO ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of technical issues during the migration process or unforeseen consequences from the configuration changes that could disrupt current operations.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Author(s)
|
||||||
|
HenryE, Proph3t
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
It's time to upgrade futarchy!
|
||||||
|
|
||||||
|
This upgrade includes three new features and a number of smaller config changes.
|
||||||
|
|
||||||
|
### The features:
|
||||||
|
|
||||||
|
- Reclaimable rent: you will now be able to get back the ~4 SOL used to create OpenBook proposal markets. This should lower the friction involved in creating proposals.
|
||||||
|
- Conditional token merging: now, if you have 1 pTOKEN and 1 fTOKEN, you'll me able to merge them back into 1 TOKEN. This should help with liquidity when there are multiple proposals active at once.
|
||||||
|
- Conditional token metadata: before, you would see conditional tokens in your wallet as random mint addresses. After this is merged, you should be able to see token names and logos, helping you identify what proposal they're a part of.
|
||||||
|
|
||||||
|
### The config changes:
|
||||||
|
|
||||||
|
- Lower pass threshold from 5% to 3%
|
||||||
|
- Set default TWAP value to $100 instead of $1
|
||||||
|
- Update TWAP in $5 increments instead of 1% increments, which enhances manipulation resistance while allowing the TWAP to be more accure
|
||||||
|
- Change minimum META lot sizes from 1 META to 0.1 META
|
||||||
|
|
||||||
|
The instruction attached to this proposal will migrate MetaDAO's assets over to the new autocrat program.
|
||||||
|
|
||||||
|
There are three main futarchy programs and a migrator program for transfering tokens from one DAO treasury account to another:
|
||||||
|
|
||||||
|
1. [autocrat_v0](https://solscan.io/account/metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp)
|
||||||
|
2. [openbook_twap](https://solscan.io/account/twAP5sArq2vDS1mZCT7f4qRLwzTfHvf5Ay5R5Q5df1m)
|
||||||
|
3. [conditional_vault](https://solscan.io/account/vAuLTQjV5AZx5f3UgE75wcnkxnQowWxThn1hGjfCVwP)
|
||||||
|
4. [migrator](https://solscan.io/account/MigRDW6uxyNMDBD8fX2njCRyJC4YZk2Rx9pDUZiAESt)
|
||||||
|
|
||||||
|
Each program has been deployed to devnet and mainnet, their IDLs have been deployed, and they've been verified by the OtterSec API against the programs in the two repos; [futarchy](https://github.com/metaDAOproject/futarchy) contains autocrat_v0, conditional_vault and migrator, and a separate repo contains [openbook_twap](https://github.com/metaDAOproject/openbook-twap). The Treasury account is the DAO's signer and has been set as the program upgrade authority on all programs.
|
||||||
|
|
||||||
|
### Addtional details for verification
|
||||||
|
- Old DAO
|
||||||
|
- Autocrat Program: [metaX99LHn3A7Gr7VAcCfXhpfocvpMpqQ3eyp3PGUUq](https://solscan.io/account/metaX99LHn3A7Gr7VAcCfXhpfocvpMpqQ3eyp3PGUUq)
|
||||||
|
- DAO Account: [7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy](https://solscan.io/account/7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy)
|
||||||
|
- Treasury: [ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy](https://solscan.io/account/ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy) - signer
|
||||||
|
|
||||||
|
- New DAO
|
||||||
|
- Autocrat Program: [metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp](https://solscan.io/account/metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp)
|
||||||
|
- DAO Account: [14YsfUtP6aZ5UHfwfbqe9MYEW4VaDwTHs9NZroAfV6Pi](https://solscan.io/account/14YsfUtP6aZ5UHfwfbqe9MYEW4VaDwTHs9NZroAfV6Pi)
|
||||||
|
- Treasury: [BC1jThSN7Cgy5LfBZdCKCfMnhKcq155gMjhd9HPWzsCN](https://solscan.io/account/BC1jThSN7Cgy5LfBZdCKCfMnhKcq155gMjhd9HPWzsCN) - signer
|
||||||
|
|
||||||
|
### Detailed Changelog and PR links
|
||||||
|
#### Autocrat
|
||||||
|
- Mostly minor config changes ([Pull Request #69](https://github.com/metaDAOproject/futarchy/pull/69)):
|
||||||
|
- Set default pass threshold to 3%
|
||||||
|
- Set max observation change per update lots to $5 and make it a configurable option
|
||||||
|
- Set default expected value to $100
|
||||||
|
- Ensure that the open markets expire a minimum of 10 days from the creation of the proposal to allow for rent retrieval from openbook markets
|
||||||
|
- Reduce the openbook base lot size so that people can trade in lots of 0.1 META
|
||||||
|
#### Conditional Vault
|
||||||
|
- Add metadata to the conditional vault tokens so they show up nicely in wallets during a proposal ([Pull Request #52](https://github.com/metaDAOproject/futarchy/pull/52))
|
||||||
|
- Add the ability to merge tokens ([Pull Request #66](https://github.com/metaDAOproject/futarchy/pull/66))
|
||||||
|
|
||||||
|
#### Openbook-TWAP
|
||||||
|
- Switch to using a dollar-based increment instead of a percentage one:
|
||||||
|
- [commit d08fb13](https://github.com/metaDAOproject/openbook-twap/commit/d08fb13d16c49071e37bd4fd0eff22edfb144237)
|
||||||
|
- [commit a1cb709](https://github.com/metaDAOproject/openbook-twap/commit/a1cb7092374f146b430ab67b38f961f331a77ae1)
|
||||||
|
- [commit fe159d2](https://github.com/metaDAOproject/openbook-twap/commit/fe159d2707ca4648a874d1fe0c411298b55de072)
|
||||||
|
- [Pull Request #16](https://github.com/metaDAOproject/openbook-twap/pull/16)
|
||||||
|
- Get rid of the market expiry check, leave it up to autocrat ([Pull Request #20](https://github.com/metaDAOproject/openbook-twap/pull/20))
|
||||||
|
- Add instructions to allow pruning and closing of the market ([Pull Request #18](https://github.com/metaDAOproject/openbook-twap/pull/18))
|
||||||
|
- Also add permissionless settling of funds ([Pull Request #21](https://github.com/metaDAOproject/openbook-twap/pull/21))
|
||||||
|
|
||||||
|
#### Migrator
|
||||||
|
- Migrate all four token accounts to the new DAO account ([Pull Request #68](https://github.com/metaDAOproject/futarchy/pull/68))
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963`
|
||||||
|
- Proposal number: 15
|
||||||
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
||||||
|
- Proposer: `FutaAyNb3x9HUn1EQNueZJhfy6KCNtAwztvBctoK6JnX`
|
||||||
|
- Autocrat version: 0.1
|
||||||
|
- Completed: 2024-04-03
|
||||||
|
- Ended: 2024-04-03
|
||||||
|
|
@ -0,0 +1,159 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve Performance-Based Compensation Package for Proph3t and Nallok?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG"
|
||||||
|
date: 2024-05-27
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Approve Performance-Based Compensation Package for Proph3t and Nallok?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-05-27
|
||||||
|
- URL: https://www.futard.io/proposal/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG
|
||||||
|
- Description: Align the incentives of key insiders, Proph3t and Nallok, with the long-term success and growth of MetaDAO.
|
||||||
|
- Categories: {'category': 'Operations'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to align the financial incentives of key insiders Proph3t and Nallok with MetaDAO's long-term success by providing a performance-based compensation package consisting of a percentage of token supply linked to market cap increases and a fixed annual salary.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Key insiders are incentivized to commit to MetaDAO's growth, potentially enhancing the project's viability and success.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
If successful, the proposed compensation structure could motivate Proph3t and Nallok to maximize their efforts, leading to substantial increases in MetaDAO's market cap.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal may reinforce a reliance on specific individuals, potentially undermining the decentralized ethos of MetaDAO and exposing it to risks if these insiders leave or fail to deliver.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Type
|
||||||
|
|
||||||
|
Operations Direct Action
|
||||||
|
|
||||||
|
#### Author(s)
|
||||||
|
|
||||||
|
Proph3t, Nallok
|
||||||
|
|
||||||
|
#### Objective
|
||||||
|
|
||||||
|
Align the incentives of key insiders, Proph3t and Nallok, with the long-term success and growth of MetaDAO.
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
We propose that MetaDAO adopt a [convex payout system](https://docs.google.com/document/d/16W7o-kEVbRPIm3i2zpEVQar6z_vlt0qgiHEdYV1TAPU/edit#heading=h.rlnpkfo7evkj).
|
||||||
|
Specifically, Proph3t and Nallok would receive 2% of the token supply for every \$1 billion increase in META's market capitalization, up to a maximum of 10% at a \$5 billion market cap. Additionally, we propose a salary of \$90,000 per year for each.
|
||||||
|
|
||||||
|
## Details
|
||||||
|
|
||||||
|
- **Fixed Token Allocation**: 10% of supply equals **1,975 META per person**. This number remains fixed regardless of further META dilution.
|
||||||
|
- **Linear Unlocks**: For example, a \$100M market cap would release 0.2% of the supply, or 39.5 META (~\$200k at a \$100M market cap), to each person.
|
||||||
|
- **Unlock Criteria**: Decided at a later date, potentially using a simple moving average (SMA) over a month or an option-based system.
|
||||||
|
- **Start Date**: April 2024 for the purposes of vesting & retroactive salary.
|
||||||
|
- **Vesting Period**: No tokens unlock before April 2028, no matter what milestones are hit. This signals long-term commitment to building the business.
|
||||||
|
- **Illiquid Vest**: The DAO can claw back all tokens until December 2024 (8 months from start). Thereafter, tokens vest into a smart contract / multisig that can't be accessed by Proph3t or Nallok.
|
||||||
|
- **Market Cap Definition**: \$1B market cap is defined as a price of \$42,198 per META. This allows for 20% dilution post-proposal. Payouts are based on the value per META, not total market capitalization.
|
||||||
|
|
||||||
|
## Q&A
|
||||||
|
|
||||||
|
### Why do we need founder incentives at all? I thought MetaDAO was supposed to be decentralized?
|
||||||
|
Whether we like it or not, MetaDAO is not fully decentralized today. If Nallok and I walk away, its probability of success drops by at least 50%. This proposal creates financial incentives to help us build MetaDAO into a truly decentralized entity.This proposal does not grant us decision-making authority. Ultimate power remains with the market. We can be replaced at any time and must follow the market's direction to keep our roles.
|
||||||
|
|
||||||
|
### What exactly would this proposal execute on the blockchain?
|
||||||
|
Nothing directly. It involves a call to the [Solana memo program](https://spl.solana.com/memo).
|
||||||
|
The purpose is to gauge market receptiveness to this structure. A future proposal would handle the transfer of the required META, possibly from a [BDF3M](https://hackmd.io/@metaproph3t/SJfHhnkJC) multisig.
|
||||||
|
|
||||||
|
### What would be our roles?
|
||||||
|
|
||||||
|
**Nallok**
|
||||||
|
- Firefighter
|
||||||
|
- Problem-Solver
|
||||||
|
- Operations Manager
|
||||||
|
|
||||||
|
**Proph3t**
|
||||||
|
- Architect
|
||||||
|
- Mechanism Designer
|
||||||
|
- Smart Contract Engineer
|
||||||
|
|
||||||
|
### What would be our focus areas?
|
||||||
|
|
||||||
|
Frankly, we don't know. When we started work on MetaDAO, [Vota](https://vota.fi/) looked like the most viable business for bootstrapping MetaDAO's legitimacy.
|
||||||
|
Now it looks like [offering futarchy to other DAOs](https://futarchy.metadao.fi/browse).
|
||||||
|
MetaDAO LLC, the Marshall Islands DAO LLC controlled by MetaDAO, states our business purpose as "Solana-based products and services."
|
||||||
|
We expect this to hold true for several years.
|
||||||
|
|
||||||
|
## Appendix
|
||||||
|
- How we picked 2% per \$1B To be successful, an incentive system needs to do two things: retain contributors and get them to exert maximum effort.So to be effective, the system must offer more utility than alternative opportunities and make exerting effort more beneficial than not.
|
||||||
|
|
||||||
|
### Methodology
|
||||||
|
|
||||||
|
We estimated our reservation wages (potential earnings elsewhere) and verified that the utility of those wages is less than our expected payout from MetaDAO. [This video](https://youtu.be/mM3SKjVpE7U?si=0fMazWyc0Tcab0TZ) explains the process.
|
||||||
|
|
||||||
|
### Utility Calculation
|
||||||
|
|
||||||
|
We used the square root of the payout in millions to define our utility function. For example:
|
||||||
|
- \$100,000 payout gives a utility of 0.3162 (sqrt of 0.1).
|
||||||
|
- \$1,000,000 payout gives a utility of 1 (sqrt of 1).
|
||||||
|
- \$10,000,000 payout gives a utility of 3.162 (sqrt of 10).
|
||||||
|
|
||||||
|
### Assumptions
|
||||||
|
|
||||||
|
- **Earnings Elsewhere**: Estimated at \$250,000 per year.
|
||||||
|
- **Timeline**: 6 years to achieve MetaDAO success.
|
||||||
|
- **Failure Payout Utility**: 0.5 (including \$90k/year salary and lessons learned).
|
||||||
|
- **Very low probability of success w/o maximum effort**: we both believe that MetaDAO will simply not come to be unless both of us pour our soul into it. This gives \$1.5M in foregone income, with a utility of 1.2 (sqrt of 1.5).
|
||||||
|
|
||||||
|
### Expected Payout Calculation
|
||||||
|
To estimate the utility of exerting maximum effort, we used the expected utility of success and failure, multiplied by their respective probabilities. Perceived probabilities are key, as they influence the incentivized person's decision-making.
|
||||||
|
|
||||||
|
#### Nallok's Estimate
|
||||||
|
- **His Estimated Probability of Success**: 20%.
|
||||||
|
- **Effort Cost Utility**: 3 (equivalent to \$10M).
|
||||||
|
|
||||||
|
Calculation:
|
||||||
|
- $ 1.2 < 0.2 * (\sqrt{y} - 3) + 0.8 * (0.5 - 3) $
|
||||||
|
- $ 1.2 < 0.2 * (\sqrt{y} - 3) - 2 $
|
||||||
|
- $ 3.2 < 0.2 * (\sqrt{y} - 3) $
|
||||||
|
- $ 16 < \sqrt{y} - 3 $
|
||||||
|
- $ 19 < \sqrt{y} $
|
||||||
|
- $ 361 < y $
|
||||||
|
|
||||||
|
So Nallok needs a success payout of at least \$361M for it to be rational for him to stay and exert maximum effort.
|
||||||
|
|
||||||
|
#### Proph3ts's Estimate
|
||||||
|
- **His Estimated Probability of Success**: 10%.
|
||||||
|
- **Effort Cost Utility**: 1.7 (equivalent to \$3M).
|
||||||
|
|
||||||
|
Calculation:
|
||||||
|
- $ 1.2 < 0.1 * (\sqrt{y} - 1.7) + 0.8 * (0.5 - 1.7) $
|
||||||
|
- $ 1.2 < 0.1 * (\sqrt{y} - 1.7) + 0.8 * -1.2 $
|
||||||
|
- $ 1.2 < 0.1 * (\sqrt{y} - 1.7) - 1 $
|
||||||
|
- $ 2.2 < 0.1 * (\sqrt{y} - 1.7) $
|
||||||
|
- $ 22 < \sqrt{y} - 1.7 $
|
||||||
|
- $ 23.7 < \sqrt{y} $
|
||||||
|
- $ 562 < y $
|
||||||
|
|
||||||
|
So Proph3t needs a success payout of at least \$562M for it to be rational for him to stay and exert maximum effort.
|
||||||
|
|
||||||
|
### 10%
|
||||||
|
We believe MetaDAO can reach at least a \$5B market cap if executed correctly. Therefore, we decided on a 10% token allocation each, which would provide a ~\$500M payout in case of success. Future issuances may dilute this, but we expect the diluted payout to be within the same order of magnitude.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-05-31
|
||||||
|
- Ended: 2024-05-31
|
||||||
29
inbox/archive/2024-05-27-futardio-proposal-proposal-1.md
Normal file
29
inbox/archive/2024-05-27-futardio-proposal-proposal-1.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #1"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/iPzWdGBZiHMT5YhR2m4WtTNbFW3KgExH2dRAsgWydPf"
|
||||||
|
date: 2024-05-27
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #1
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-05-27
|
||||||
|
- URL: https://www.futard.io/proposal/iPzWdGBZiHMT5YhR2m4WtTNbFW3KgExH2dRAsgWydPf
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `iPzWdGBZiHMT5YhR2m4WtTNbFW3KgExH2dRAsgWydPf`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-27
|
||||||
|
- Ended: 2024-05-31
|
||||||
|
|
@ -0,0 +1,109 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Drift Futarchy Proposal - Welcome the Futarchs"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS"
|
||||||
|
date: 2024-05-30
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Drift Futarchy Proposal - Welcome the Futarchs
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-05-30
|
||||||
|
- URL: https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS
|
||||||
|
- Description: This proposal is meant to signal rewards for strong forecasters in futarchic markets.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal requests **50,000 DRIFT** to incentivize participation in Drift Futarchy by rewarding early participants and encouraging the formulation of future proposals.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
MetaDAO participants will receive retroactive rewards based on their engagement, promoting active involvement in the community.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The initiative could enhance proposal quality and community engagement within Drift Futarchy, fostering a more dynamic ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of misallocation of funds or insufficient participation in future proposals, potentially undermining the intended incentives and program effectiveness.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## 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)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-02
|
||||||
|
- Ended: 2024-06-02
|
||||||
29
inbox/archive/2024-05-30-futardio-proposal-proposal-1.md
Normal file
29
inbox/archive/2024-05-30-futardio-proposal-proposal-1.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #1"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/8AEsxyN8jhth5WQZHjU9kS3JcRHaUmpck7qZgpv2v4wM"
|
||||||
|
date: 2024-05-30
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #1
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-05-30
|
||||||
|
- URL: https://www.futard.io/proposal/8AEsxyN8jhth5WQZHjU9kS3JcRHaUmpck7qZgpv2v4wM
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `8AEsxyN8jhth5WQZHjU9kS3JcRHaUmpck7qZgpv2v4wM`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `EWFaZPjxw1Khw6iq4EQ11bqWpxfMYnusWx2gL4XxyNWG`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-27
|
||||||
|
- Ended: 2024-06-02
|
||||||
|
|
@ -0,0 +1,168 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund FutureDAO's Token Migrator"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
|
||||||
|
date: 2024-06-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: FutureDAO
|
||||||
|
- Proposal: Fund FutureDAO's Token Migrator
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-06-05
|
||||||
|
- URL: https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
|
||||||
|
- Description: Approve the development and launch of FutureDAO's Token Migrator, facilitating the seamless transition of one token into another. We empower communities to innovate, fundraise and reclaim control.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Approve the development of FutureDAO's Token Migrator, enabling seamless token transitions for communities abandoned by developers while generating revenue through fees based on market cap.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This project provides a structured solution for communities to regain control and value in their token projects, enhancing community engagement.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
If successful, the Token Migrator could generate significant revenue for FutureDAO and its NFT holders, with projected earnings of $270,000 from eight migrations in the first year.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The project may face challenges related to user adoption and market volatility, which could impact the success rate of token migrations and revenue generation.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
# TL;DR
|
||||||
|
|
||||||
|
Approve the development and launch of FutureDAO's Token Migrator, facilitating the seamless transition of one token into another. We empower communities to innovate, fundraise and reclaim control.
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
FutureDAO is pioneering the first decentralized on-chain token migration tool. This tool is designed to facilitate seamless transitions from one token to another, catering to communities that have been abandoned by their developers, facing challenges such as poor project management, or with the desire to launch a new token. Born from our own experience with a takeover of $MERTD after the project team “rugged”, this tool will empower communities to band together and take control over their future.
|
||||||
|
|
||||||
|
- **Target Customer:** Communities of web3 projects abandoned by developers, poorly managed, or seeking to launch new tokens.
|
||||||
|
- **Problem Solved:** Provides a structured, on-chain protocol to facilitate community token migrations.
|
||||||
|
- **Monetization:** Fees are charged based on the market cap of the projects migrating.
|
||||||
|
- **Key Metrics:** Number of successful migrations, volume of tokens transitioned, community engagement levels, and $FUTURE token metrics (e.g., staking rates, price).
|
||||||
|
|
||||||
|
This project directly relates to FutureDAO’s business by:
|
||||||
|
|
||||||
|
- **Value Creation:** Enhancing the value of the FutureDAO ecosystem and the NFT DAO by increasing its utility and market demand.
|
||||||
|
- **Total Budget:** $12,000 USDC
|
||||||
|
|
||||||
|
## Problem
|
||||||
|
|
||||||
|
The need for a structured, secure, and transparent approach to token migrations is evident in the challenges faced by many web3 projects today, including:
|
||||||
|
|
||||||
|
- **Rugged Projects:** Preserve community and restore value in projects affected by rug pulls.
|
||||||
|
- **Dead Projects:** Revitalizing projects that have ceased operations, giving them a second life.
|
||||||
|
- **Metadata Changes:** Enhancing transparency, trust, and providence by optimizing metadata for better engagement and discoverability.
|
||||||
|
- **Fundraising:** Securing financial support to sustain and expand promising projects
|
||||||
|
- **Token Extentions:** Allowing projects to re-launch in Solana's newest standard.
|
||||||
|
- **Hostile Takeovers:** Enabling projects to acquire other projects and empowering communities to assert control over failed project teams.
|
||||||
|
|
||||||
|
Our service addresses these issues, providing a lifeline to communities seeking to reclaim, transform, or enhance their projects.
|
||||||
|
|
||||||
|
## Design
|
||||||
|
|
||||||
|
Future’s Token Migrator will be developed as a dApp on Solana for optimal performance, security, and scalability. It will form a core part of Future’s Protocol.
|
||||||
|
|
||||||
|
- **Product Description:** The tool facilitates seamless transitions from one token to another, allowing communities to regain control and ensure proper governance. "Future Champions" will identify, engage, and assist potential clients, supporting them throughout the process. These champions are incentivized through commissions in newly minted tokens.
|
||||||
|
|
||||||
|
## Business
|
||||||
|
|
||||||
|
### Migration Process
|
||||||
|
|
||||||
|
1. **Intake:**
|
||||||
|
- Community onboarded.
|
||||||
|
2. **Launch Parameters Set:**
|
||||||
|
|
||||||
|
a. Migration date & duration chosen.
|
||||||
|
|
||||||
|
b. Pre-sale raise amount & price ($SOL) selected.
|
||||||
|
|
||||||
|
c. Treasury allocation selected.
|
||||||
|
|
||||||
|
> **Max dilution rates:**
|
||||||
|
> - <$1m FDMC: 15% (7.5% presale, 5.5% Treasury 2% DAO Fee)
|
||||||
|
> - <$5m FDMC: 12% (6% presale, 4.5% Treasury 1.5% DAO Fee)
|
||||||
|
> - <$20m FDMC: 10% (5% presale, 4% Treasury 1% DAO Fee)
|
||||||
|
> **Maximum inflation is based on current token market caps to keep fees and token dilution as fair as possible.*
|
||||||
|
3. **Token Migration Begins:**
|
||||||
|
|
||||||
|
a. Token added to Future Protocol Migrator Front-end
|
||||||
|
|
||||||
|
b. Pre-sale goes live.
|
||||||
|
|
||||||
|
c. \$oldTOKEN can now be swapped for \$newTOKEN
|
||||||
|
|
||||||
|
i. Tokens are locked until migration is completed successfully.
|
||||||
|
|
||||||
|
4. **Token Migration Ends:**
|
||||||
|
|
||||||
|
a. **Successful ( >60% Presale Raised ):**
|
||||||
|
- \$oldTOKEN sold reclaim locked L.P.
|
||||||
|
- \$newTOKEN plus \$SOL raised or reclaimed placed in L.P.
|
||||||
|
- \$newTOKENs claimable by swap & pre-sale participants.
|
||||||
|
- Unclaimed \$newTOKENs sent to community multi-sig.
|
||||||
|
- *Not FutureDao's multi-sig*
|
||||||
|
- \$oldTOKEN holders who do not migrate are airdropped 50%.
|
||||||
|
|
||||||
|
b. **Unsuccessful ( <60% Presale Raised ):**
|
||||||
|
|
||||||
|
1. Presale \$SOL is returned to all participants.
|
||||||
|
|
||||||
|
2. \$newTOKEN must be swapped back into the \$oldTOKEN frozen in the contract.
|
||||||
|
|
||||||
|
3. All \$newTOKEN is burnt.
|
||||||
|
|
||||||
|
## Monetization
|
||||||
|
|
||||||
|
- **Fee Structure:** FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders. To be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal.
|
||||||
|
- As mentioned in Launch Parameters, fees are charged based on the market cap of the projects migrating:
|
||||||
|
- For projects with FDMC <\$1M = 2%
|
||||||
|
- For projects with FDMC <\$5M = 1.5%
|
||||||
|
- For projects with FDMC <\$20M = 1%
|
||||||
|
> *EXAMPLE: The fees are taken as inflation on the \$newTOKEN mint and are delivered to the Champions NFT DAO over a 30 day period. For example, if \$MERTD had 1 billion tokens in circulation with an FDMC of \$2M, the new \$FUTURE supply would be 1.12 billion tokens, with allocations as follows:*
|
||||||
|
> - *1 billion tokens reserved for \$MERTD holders at 1:1*
|
||||||
|
> - *60 million tokens for the presale*
|
||||||
|
> - *45 million tokens for the treasury*
|
||||||
|
> - *15 million tokens delivered to the Champions NFT DAO*
|
||||||
|
|
||||||
|
## Financial Projections
|
||||||
|
|
||||||
|
Based on the projected revenue for FutureDAO’s Token Migrator, we can provide a hypothetical example of its financial potential in the first year. According to market analysis, there have been at least 27 notable meme coin presales on Solana in the past 12 months, raising significant funds despite high abandonment (rugging) rates ([Coin Edition](https://coinedition.com/12-solana-presale-meme-coins-abandoned-in-a-month-crypto-sleuth/)) ([Coinpedia Fintech News](https://coinpedia.org/press-release/solana-meme-coin-presale-trend-continues-as-slothana-reaches-1m/)). This suggests a strong demand for structured and secure migration solutions.
|
||||||
|
|
||||||
|
For example, if Future’s Takeover Tool is utilized for 8 project de-ruggings in its first year, it could generate $270,000 for Future community members that hold Future Champion’s NFTs.
|
||||||
|
|
||||||
|
This revenue would be derived from the 8 projects as follows:
|
||||||
|
- 3 projects under \$1M FDMC: Each charged a 2% fee, generating a total of $60,000 for Future community member NFT holders.
|
||||||
|
- 4 projects under \$5M FDMC: Each charged a 1.5% fee, generating a total of $120,000 for Future community member NFT holders.
|
||||||
|
- 1 project under \$20M FDMC: Charged a 1% fee, generating $50,000 for Future community member NFT holders.
|
||||||
|
|
||||||
|
**Budget:** \$12,000 USDC
|
||||||
|
|
||||||
|
- \$6,000 USDC tool development
|
||||||
|
- \$6,000 USDC smart contract and other security audits
|
||||||
|
|
||||||
|
## About Future DAO
|
||||||
|
|
||||||
|
FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure.
|
||||||
|
|
||||||
|
FutureDAO is building the Future Protocol to help communities safeguard and amplify value by providing them with on-chain token migration tools to take control of their futures.
|
||||||
|
|
||||||
|
For more detailed information, you can visit the [Future DAO Gitbook](https://futurespl.gitbook.io/future).
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-08
|
||||||
|
- Ended: 2024-06-08
|
||||||
|
|
@ -0,0 +1,108 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
|
||||||
|
date: 2024-06-08
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-06-08
|
||||||
|
- URL: https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc
|
||||||
|
- Description: This proposal aims to allocate 1 million $DEAN tokens to the University of Waterloo Blockchain Club.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to allocate 1 million $DEAN tokens to the University of Waterloo Blockchain Club to enhance collaboration, attract top talent, and increase participation in DAO governance.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative is expected to engage 200 skilled students, enriching the DAO's talent pool and governance.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The proposal anticipates a 5% increase in the DAO's fully diluted valuation, equating to an additional $5,783, with a projected benefit of $4.45 for every dollar spent.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
If the expected increase in FDV is not achieved, the investment in $DEAN tokens may not yield the anticipated returns, potentially impacting the DAO's financial health.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Introduction
|
||||||
|
This proposal aims to allocate 1 million $DEAN tokens to the University of Waterloo Blockchain Club. The goal is to foster deeper collaboration, attract and incentivize top talent to contribute to our ecosystem and strengthen the overall partnership. This initiative is expected to bring significant benefits, including enhanced collaboration opportunities, access to a skilled talent pool, and increased participation in the DL DAO governance. The tokens will be held in a multi-signature wallet to ensure secure and responsible management.
|
||||||
|
|
||||||
|
## Goal
|
||||||
|
|
||||||
|
1. Foster Deeper Collaboration: Strengthening the relationship between The Dean's List DAO and the University of Waterloo Blockchain Club to leverage mutual strengths.
|
||||||
|
2. Attract & Incentivize Top Talent: Encouraging top-tier students to contribute to our ecosystem, bringing in fresh perspectives and innovative solutions.
|
||||||
|
|
||||||
|
## Benefits
|
||||||
|
|
||||||
|
1. Strengthened Partnership & Potential Collaboration Opportunities: By closely collaborating with a leading blockchain club, we can explore new avenues for joint projects, research, and development.
|
||||||
|
2. Access to a Skilled Talent Pool: The University of Waterloo Blockchain Club consists of 200 students, many of whom are skilled in blockchain technology and web3 development.
|
||||||
|
3. Encourage Participation in the DL DAO Governance: Increased engagement from club members will enhance the governance of our DAO, bringing diverse viewpoints and expertise.
|
||||||
|
|
||||||
|
## Token Allocation and Value
|
||||||
|
|
||||||
|
Token Allocation: 1 million `$DEAN` tokens
|
||||||
|
|
||||||
|
Equivalent Value: 1 million `$DEAN` is currently equivalent to 1300 `$USDC`.
|
||||||
|
|
||||||
|
Fully Diluted Valuation of The Dean's List DAO: `$115,655`
|
||||||
|
|
||||||
|
## Proposal Conditions
|
||||||
|
For this proposal to pass, the partnership should result in a 5% increase in the TWAP (Time Weighted Average Price) of The Dean's List DAO's FDV. The trading period for this proposal will be 5 days.
|
||||||
|
|
||||||
|
## Estimating FDV Increase per Student
|
||||||
|
### Current Situation
|
||||||
|
|
||||||
|
Current FDV: `$115,655`
|
||||||
|
|
||||||
|
Required Increase (5%): `$5,783 (5% of $115,655)`
|
||||||
|
|
||||||
|
### Potential Impact
|
||||||
|
With 200 student members actively contributing to the DAO, each student can significantly impact our FDV. The estimation model assumes that these students' increased participation, contribution, and promotion can drive up the FDV by more than the minimum required amount. Here is a simple estimation model:
|
||||||
|
|
||||||
|
Total Required Increase: `$5,783`
|
||||||
|
|
||||||
|
Number of Students: 200
|
||||||
|
|
||||||
|
Average Increase per Student: `$5,783 / 200 = $28.915`
|
||||||
|
|
||||||
|
This model suggests that each student needs to contribute to activities that increase the FDV by approximately $28.915. Given the diverse activities they can engage in (such as dApp reviews, testing, promoting on social media, and developing innovative solutions), this target is achievable and likely conservative.
|
||||||
|
|
||||||
|
### Benefit per Dollar Spent
|
||||||
|
Total Investment: 1 million `$DEAN` tokens, equivalent to 1300 `$USDC`
|
||||||
|
|
||||||
|
Required FDV Increase: $5,783
|
||||||
|
|
||||||
|
To calculate the benefit per dollar spent:
|
||||||
|
|
||||||
|
Benefit per Dollar: `$5,783 / $1300 ≈ $4.45`
|
||||||
|
|
||||||
|
This indicates that for every dollar spent, we can potentially achieve an increase of approximately $4.45 in the FDV of The Dean's List DAO.
|
||||||
|
|
||||||
|
## Justification for Spending 1 Million `$DEAN`
|
||||||
|
|
||||||
|
Spending 1 million `$DEAN` tokens is a strategic investment in the future growth and sustainability of The Dean's List DAO. The University of Waterloo Blockchain Club is a reputable organization with a track record of fostering skilled blockchain professionals. By rewarding their members, we are ensuring a steady influx of knowledgeable and motivated individuals into our ecosystem. This collaboration is expected to yield long-term benefits, far exceeding the initial expenditure in terms of increased engagement, enhanced governance, and accelerated development of our projects.
|
||||||
|
|
||||||
|
# Conclusion
|
||||||
|
This proposal to allocate 1 million `$DEAN` tokens to the University of Waterloo Blockchain Club is a strategic move to strengthen our ecosystem by leveraging top talent and fostering deeper collaboration. The estimated FDV increase model shows that the involvement of these students can lead to a substantial rise in our market cap, ensuring that the partnership is mutually beneficial. With an estimated benefit of approximately $4.45 for every dollar spent, this initiative promises significant returns. We urge all DAO members to trade in favor of this proposal to unlock these potential benefits and drive the future growth of The Dean's List DAO.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-11
|
||||||
|
- Ended: 2024-06-11
|
||||||
|
|
@ -0,0 +1,182 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund the Rug Bounty Program"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
|
||||||
|
date: 2024-06-14
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: FutureDAO
|
||||||
|
- Proposal: Fund the Rug Bounty Program
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-06-14
|
||||||
|
- URL: https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt
|
||||||
|
- Description: Fund FutureDAO’s Rug Bounty Program (RugBounty.xyz), a novel product designed to protect and empower communities affected by rug pulls. The Rug Bounty Program will support our existing Token Migration tool to provide a structured solution for recovering value from failed projects.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to launch the Rug Bounty Program to assist crypto communities affected by rug pulls in recovering their investments, enhancing the use of the Token Migration tool and increasing engagement with the $FUTURE token.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The program provides a structured mechanism for community members to recover lost investments and fosters trust in the crypto ecosystem.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could lead to increased adoption of FutureDAO’s tools, driving higher transaction volumes and strengthening the overall DeFi community.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Potential risks include challenges in community engagement and the effectiveness of the program in achieving successful migrations, which may hinder its overall impact.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## TLDR
|
||||||
|
|
||||||
|
Fund FutureDAO’s Rug Bounty Program (RugBounty.xyz), a novel product designed to protect and empower communities affected by rug pulls. The Rug Bounty Program will support our existing Token Migration tool to provide a structured solution for recovering value from failed projects.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
|
||||||
|
Those affected by a rug pull, are often left to fend for themselves. Rug Bounties offer individuals (and their communities) a mechanism to recover and restore investments and promotes stronger security and trust in the crypto ecosystem.
|
||||||
|
|
||||||
|
- **Target Customer:** Crypto communities affected by rug pulls, community takeover leaders, and crypto enthusiasts who want to contribute to community recovery efforts.
|
||||||
|
|
||||||
|
- **Problem Solved:** Rug Bounties offers a mechanism for communities affected by rug pulls to recover and restore their investments, promoting security and trust in the crypto ecosystem.
|
||||||
|
|
||||||
|
- **Monetization:** Indirect revenue from increased $FUTURE token transactions and higher platform engagement, and potential direct earnings through increased token migrations.
|
||||||
|
|
||||||
|
- **Key Metrics:**
|
||||||
|
|
||||||
|
- Number of successful migrations
|
||||||
|
|
||||||
|
- Amount of $FUTURE tokens transacted
|
||||||
|
|
||||||
|
- Community engagement and growth
|
||||||
|
|
||||||
|
- Number of bounties created and claimed
|
||||||
|
|
||||||
|
- **Value Creation:** Rug Bounties empowers community members to recover from rug pulls, fostering a more resilient and proactive crypto ecosystem. It drives the adoption of Future Protocol’s tools and strengthens trust in DeFi.
|
||||||
|
|
||||||
|
- **Total Budget:**
|
||||||
|
|
||||||
|
- Rug Bounty Platform: est. $5000 USDC
|
||||||
|
|
||||||
|
- **This project directly relates to FutureDAO’s business** by Enhancing the use and adoption of the Token Migration tool and $FUTURE token, positioning FutureDAO as a leader in safeguarding the interests of the crypto community.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
### Problem
|
||||||
|
|
||||||
|
Rug pulls leave crypto communities with significant losses and a lack of recourse. A structured, reliable solution is needed to help these communities recover and restore value. There is no reliable resource to help communities affected by rugs; FutureDAO aims to change that.
|
||||||
|
|
||||||
|
This is another step towards becoming Solana’s Emergency Response Team (S.E.R.T.)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
### **Design**
|
||||||
|
|
||||||
|
**Product Description:** Rug Bounty is a program incentivizing individuals to onboard communities from rugged projects to our Token Migration tool.
|
||||||
|
|
||||||
|
The process includes:
|
||||||
|
|
||||||
|
- **Bounty Creation:** FutureDAO or community members can create a bounty with details of the affected project, reward, and required migration.
|
||||||
|
|
||||||
|
- **Community Onboarding:** Pirates work to onboard members through various platforms like Telegram, Discord, and Twitter Spaces.
|
||||||
|
|
||||||
|
- **Collaboration with FutureDAO:** A multi-sig setup is required for the token migrator. Trust is never assumed.
|
||||||
|
|
||||||
|
- **Successful Migration:** Defined as raising over 60% of the presale target in $SOL.
|
||||||
|
|
||||||
|
- **Bounty Claim:** Awarded to the participant(s) who facilitated the successful migration.
|
||||||
|
|
||||||
|
|
||||||
|
**Bonus Features:**
|
||||||
|
|
||||||
|
> No partnerships have been officially made, these are hypothetical examples for what is possible.
|
||||||
|
|
||||||
|
- **Token Checker:** Enter a contract address to see token holders while filtering out bots.
|
||||||
|
|
||||||
|
- **SolChat Integration:** Notifications for your portfolio and rug alerts.
|
||||||
|
|
||||||
|
- **S.E.R.T.:** Solana Emergency Response Team’s home base.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
### **Business**
|
||||||
|
|
||||||
|
#### **Implementation Plan:**
|
||||||
|
|
||||||
|
- **Platform Development:** Integrate a Rug Bounties page on the Future Protocol website. Develop user-friendly interfaces for creating, managing, and claiming bounties.
|
||||||
|
|
||||||
|
- **Marketing and Outreach:** Launch a marketing campaign, engage with influencers, and highlight successful case studies.
|
||||||
|
|
||||||
|
- **Community Engagement:** Foster a supportive environment through forums and social media, providing resources for bounty claimants.
|
||||||
|
|
||||||
|
- **Partnerships:** Collaborate with DeFi projects, security firms, and audit services to enhance credibility and reach. _Potential partners could include Fluxbeam’s Rugcheck, Birdeye/Dexscreener, GoPlus Security, SolChat, etc._
|
||||||
|
|
||||||
|
|
||||||
|
#### **Expected Impact:**
|
||||||
|
|
||||||
|
- **Enhanced Security:** Strengthen trust in DeFi by helping rug-pull victims recover.
|
||||||
|
|
||||||
|
- **Increased Adoption:** Boost usage of the Token Migration tool and $FUTURE token.
|
||||||
|
|
||||||
|
- **Community Empowerment:** Empower community members to take action against rug pulls, fostering resilience.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
### **Monetization**
|
||||||
|
|
||||||
|
#### **Financial Projections**
|
||||||
|
|
||||||
|
- **Initial Development Costs: $4,000 USDC**
|
||||||
|
|
||||||
|
- **Platform Development:** $3,000 USDC
|
||||||
|
|
||||||
|
- **Website:** $1,000 USDC
|
||||||
|
|
||||||
|
- **QA:** $1,000
|
||||||
|
|
||||||
|
- **Operational Costs: $1,000+**
|
||||||
|
|
||||||
|
- API & Hosting: $1,000
|
||||||
|
|
||||||
|
- $FUTURE bounties: Allocation TBD based on project scope.
|
||||||
|
|
||||||
|
- **Earnings Projections:**
|
||||||
|
|
||||||
|
- Direct earnings via token migrations.
|
||||||
|
|
||||||
|
- _For example, helping $IGGY rug victims perform a hostile takeover._
|
||||||
|
|
||||||
|
- Indirect protocol exposure via rugbounty.xyz users.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
#### **About FutureDAO:**
|
||||||
|
|
||||||
|
FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure.
|
||||||
|
|
||||||
|
FutureDAO is building the Future Protocol to help communities safeguard and amplify value by providing them with on-chain token migration tools to take control of their futures.
|
||||||
|
|
||||||
|
For more detailed information, you can visit the FutureDAO [Gitbook](https://futurespl.gitbook.io/future).
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-19
|
||||||
|
- Ended: 2024-06-17
|
||||||
|
|
@ -0,0 +1,167 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: ThailandDAO Event Promotion to Boost Dean's List DAO Engagement"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM"
|
||||||
|
date: 2024-06-22
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: ThailandDAO Event Promotion to Boost Dean's List DAO Engagement
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-06-22
|
||||||
|
- URL: https://www.futard.io/proposal/DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM
|
||||||
|
- Description: This proposal aims to create a promotional event to increase governance power engagement within the Dean's List DAO (DL DAO) by offering exclusive perks related to the ThailandDAO event.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to boost engagement within the Dean's List DAO by hosting a promotional event at ThailandDAO, offering exclusive perks for top governance power holders, and providing a payment option in $DEAN tokens at a discount.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Members of the DL DAO will benefit from enhanced engagement opportunities and exclusive rewards, fostering a stronger community.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The initiative is expected to significantly increase the demand and value of the $DEAN token, potentially raising its Fully Diluted Valuation from $123,263 to over $2,000,000.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There may be financial risks associated with the campaign's costs and the reliance on token price appreciation to fund expenses.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### Introduction
|
||||||
|
|
||||||
|
This proposal aims to create a promotional event to increase governance power engagement within the Dean's List DAO (DL 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. This proposal seeks to increase DL DAO member participation, enhance the overall ecosystem, and drive significant appreciation in the $DEAN token value.
|
||||||
|
|
||||||
|
The campaign will commence with a feedback session exclusive to IslandDAO attendees, with rewards in governance power.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
### Vision - MonkeDAO & SuperTeam inspired
|
||||||
|
|
||||||
|
Imagine a global network where DL DAO members come together at memorable events around the world. Picture attending exclusive gatherings, dining in renowned restaurants, and embarking on unique cultural experiences. Members of DL DAO will have the opportunity to travel to exciting locations, stay in comfortable villas, and participate in enriching activities. This vision transforms DL DAO into more than a governance platform—it becomes a community where membership unlocks valuable experiences and strengthens connections through real-world interactions. The ThailandDAO event is just the beginning. Future events will be held in various locations, ensuring that DL DAO members can connect and celebrate their achievements in different iconic destinations. The Dean's List DAO is committed to making every member feel valued and included, promoting a culture of engagement and growth that will drive sustained participation.
|
||||||
|
|
||||||
|
**Benefits**
|
||||||
|
|
||||||
|
1. **Enhanced Member Engagement:** By offering exclusive perks at ThailandDAO, we encourage members to actively participate in DL DAO governance.
|
||||||
|
|
||||||
|
2. **Stronger Community:** Hosting exclusive events will foster a stronger, more engaged community within DL DAO.
|
||||||
|
|
||||||
|
3. **Sustainable Growth:** Increased engagement and participation will ensure the long-term growth and stability of the DL DAO.
|
||||||
|
|
||||||
|
### Detailed Steps for the Campaign
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Note: Governance Power refers to the number found here: [https://app.realms.today/dao/Dean's%20List%20Network%20State](https://app.realms.today/dao/Dean%27s%20List%20Network%20State)
|
||||||
|
|
||||||
|
- Deposit your $DEAN tokens or even lock them for a multiplier to increase your governance power and receive awesome perks.
|
||||||
|
|
||||||
|
1. **Announcement and Marketing:** Launch a comprehensive marketing campaign to announce the ThailandDAO promotional event. Utilize social media, newsletters, and existing partnerships with sponsors. Use our reach post-IslandDAOx.
|
||||||
|
|
||||||
|
2. **Leaderboard Creation:** Develop a real-time leaderboard on the DL DAO platform showcasing members' governance power rankings.
|
||||||
|
|
||||||
|
3. **Exclusive Perks Example:**
|
||||||
|
- **Top 5 Members:** Airplane fares and accommodation covered for 12 days at the DL DAO Villa during ThailandDAO.
|
||||||
|
- **Top 50 Members:** Invitation to IRL events, parties, airdrops from partners, and other continuous perks.
|
||||||
|
|
||||||
|
4. **Governance Power Incentives:** Highlight the benefits of increasing governance power.
|
||||||
|
|
||||||
|
5. **Payment Option:** Introduce the option for DL DAO contributors to receive payments in $DEAN tokens at a 10% discount compared to the market price for three months.
|
||||||
|
|
||||||
|
6. **Feedback Review Session:** Our promotional campaign will start with a feedback review exclusive to IslandDAO attendees. Guests will be invited to give their feedback and collectively create a feedback report on IslandDAO and their experience in the co-working space. This will resemble the regular feedback reports the DL DAO produces for its clients. Contributors to the IslandDAO feedback report will be paid in $DEAN tokens.
|
||||||
|
|
||||||
|
*Notes:*
|
||||||
|
|
||||||
|
*Fixed Cap on Travel Expense: To ensure budget control, each winner will have a predetermined limit on reimbursable travel expenses. TBA*
|
||||||
|
|
||||||
|
*Accommodations for 1 Person per Winner: Each winner will receive accommodation provisions, limited to one individual to manage costs and logistics efficiently.*
|
||||||
|
|
||||||
|
*Expense Reimbursement with Proof of Ticket Purchase: Winners must submit valid proof of ticket purchase to receive reimbursement for their travel expenses.*
|
||||||
|
|
||||||
|
*Accommodation Details: Dean's List will arrange accommodation, likely a communal villa close to the event venue, ensuring convenience and cost-effectiveness.*
|
||||||
|
|
||||||
|
*Prize Transferability: Winners can pass their prizes to anyone on the leaderboard if they choose not to claim them, allowing flexibility.*
|
||||||
|
|
||||||
|
*Delegation and Governance Power: Delegation is permitted, transferring governance power to the delegatee, not the original holder, to maintain effective representation.*
|
||||||
|
|
||||||
|
*Campaigning: Campaigning for prizes or positions is allowed, encouraging active participation and engagement within the community.*
|
||||||
|
|
||||||
|
### Financial Projections
|
||||||
|
|
||||||
|
**Estimated Costs:**
|
||||||
|
|
||||||
|
- Airplane Fares and Accommodation for Top 5 Members: $10,000
|
||||||
|
|
||||||
|
- IRL Events and Parties for Top 50 Members: $5,000
|
||||||
|
|
||||||
|
- Total Estimated Cost: $15,000
|
||||||
|
|
||||||
|
**Token Allocation:** Allocate 5-7 million $DEAN tokens for the initiative, although actual usage is expected to be significantly lower.
|
||||||
|
|
||||||
|
**Main Scenario:** Given the low circulating supply of the $DEAN token and the mechanics of locking tokens for multiple years to increase governance power and climb the leaderboard ranks, we project a significant increase in the Fully Diluted Valuation (FDV) of DL DAO.
|
||||||
|
|
||||||
|
**Current FDV:** $123,263
|
||||||
|
|
||||||
|
**Target FDV:** Over $2,000,000
|
||||||
|
|
||||||
|
**FDV Growth Analysis:**
|
||||||
|
|
||||||
|
1. **Circulating Supply Reduction:** As members lock their $DEAN tokens to increase governance power and climb the leaderboard ranks, the circulating supply of the token will decrease significantly. This reduction in supply will create upward pressure on the token price.
|
||||||
|
|
||||||
|
2. **Demand Increase:** The exclusive perks offered, such as airplane tickets, accommodation at the DL DAO Villa, and invitations to IRL events, will incentivize members to increase their governance power, further driving demand for $DEAN tokens.
|
||||||
|
|
||||||
|
3. **Price Appreciation:** The combination of reduced supply and increased demand is expected to cause a substantial appreciation in the price of the $DEAN token. For instance, if the initial token price is $0.01 and it appreciates 15 times, the price will reach $0.15.
|
||||||
|
|
||||||
|
4. **FDV Calculation:** With a significant increase in token price, the FDV will grow proportionally. Assuming the total token supply remains constant, an increase from $0.01 to $0.15 per token will drive the FDV from $123,263 to over $2,000,000.
|
||||||
|
|
||||||
|
### Futarchy Proposal
|
||||||
|
|
||||||
|
**Proposal Conditions**
|
||||||
|
|
||||||
|
For this proposal to pass, it must result in a 3% increase in the Time Weighted Average Price (TWAP) of The Dean's List DAO's Fully Diluted Valuation (FDV). The trading period for this proposal will be 3 days.
|
||||||
|
|
||||||
|
**Estimating FDV Increase per Participant**
|
||||||
|
|
||||||
|
- Current FDV: $123,263
|
||||||
|
|
||||||
|
- Required Increase (3%): $3,698
|
||||||
|
|
||||||
|
- Estimated Number of Participants: 50 (top governance power members)
|
||||||
|
|
||||||
|
- Average Increase per Participant: $3,698 / 50 = $73.95
|
||||||
|
|
||||||
|
Given the potential activities and promotions participants can engage in, this target is achievable. The required 3% increase in FDV is small compared to the projected FDV increase from the promotional event, which aims for an FDV of over $2,000,000.
|
||||||
|
|
||||||
|
**Impact on Token Value**
|
||||||
|
|
||||||
|
Given the limited liquidity and the prompt for members to lock tokens, the token's value is expected to appreciate significantly. The reduced circulating supply, coupled with increased demand, is projected to cause a more than 15-fold increase in token price over the campaign period. This significant appreciation will attract further interest and investment, creating a positive feedback loop that enhances the overall value of the DL DAO ecosystem.
|
||||||
|
|
||||||
|
#### Budget and Expenses
|
||||||
|
|
||||||
|
- The estimated cost of $15,000 for the campaign will be covered by liquidating a fraction of $DEAN tokens as their price appreciates.
|
||||||
|
|
||||||
|
- As the token value increases, the DL DAO treasury will be able to finance its initiatives without compromising its financial stability.
|
||||||
|
|
||||||
|
#### Conclusion
|
||||||
|
|
||||||
|
This proposal to create a promotional event at ThailandDAO, incentivizing governance participation, is a strategic move to boost the Dean's List DAO ecosystem. By leveraging the popularity of ThailandDAO and offering significant perks to top governance power holders, we anticipate substantial engagement and value increase, benefiting the entire ecosystem and ensuring sustainable growth for the DL DAO community.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-25
|
||||||
|
- Ended: 2024-06-25
|
||||||
|
|
@ -0,0 +1,65 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve MetaDAO Fundraise #2?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX"
|
||||||
|
date: 2024-06-26
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Approve MetaDAO Fundraise #2?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-06-26
|
||||||
|
- URL: https://www.futard.io/proposal/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX
|
||||||
|
- Description: Our goal is to hire a small team. Between us ($90k/yr each), three engineers ($190k/yr each), audits ($300k), office space ($80k/yr), a growth person ($150k/yr), and other administrative expenses ($100k/yr), we’re looking at a $1.38M burn rate.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
MetaDAO aims to raise $1.5M through the sale of up to 4,000 META tokens to fund growth initiatives, including hiring a team and developing decision markets for Solana DAOs.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal affects stakeholders by providing funding for growth initiatives that could enhance the ecosystem for Solana DAOs.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful fundraising could accelerate MetaDAO's growth and expand its offerings, increasing its value in the market.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of mismanagement or failure to execute the fundraising effectively, which could jeopardize the DAO's financial stability.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
|
||||||
|
Three weeks ago, MetaDAO launched the futarchy protocol with Drift, Dean’s List, and Future. Our goal is to onboard more Solana DAOs. To do that, Nallok and I have a few ideas for growth initiatives, including:
|
||||||
|
|
||||||
|
- Social: seeing who’s trading in the markets
|
||||||
|
|
||||||
|
- NFTs: allowing NFT communities to leverage decision markets
|
||||||
|
|
||||||
|
- Special contracts: creating custom financial contracts that make it easier to make grants decisions through decision markets
|
||||||
|
|
||||||
|
To accelerate this, our goal is to hire a small team. Between us (\$90k/yr each), three engineers (\$190k/yr each), audits (\$300k), office space (\$80k/yr), a growth person (\$150k/yr), and other administrative expenses (\$100k/yr), we’re looking at a \$1.38M burn rate.
|
||||||
|
|
||||||
|
To fund this, I’m proposing that the DAO raise \$1.5M by selling META to a combination of venture capitalists and angels. Specifically, we would sell up to 4,000 META with no discount and no lockup.
|
||||||
|
|
||||||
|
Nallok and I would execute this sale on behalf of the DAO. To minimize the risk of a DAO attack, the money raised would be custodied by us in a multisig and released to the DAO treasury at a rate of $100k / month.
|
||||||
|
|
||||||
|
The exact terms of the sale would be left to our discretion. This includes details such as who is given allocation, whether to raise more than \$1.5M, how escrow is managed, et cetera. However, we would be bound to a minimum price: \$375. Given that there’d be 20,823.5 META in the hands of the public (which includes VCs + angels) after this raise, this means we would be unable to sell tokens at less than a \$7.81M valuation.
Everyone who participates in the raise will get similar terms. We will make public who’s participated after it’s complete.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-06-30
|
||||||
|
- Ended: 2024-06-30
|
||||||
|
|
@ -0,0 +1,198 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund Artemis Labs Data and Analytics Dashboards"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/G95shxDXSSTcgi2DTJ2h79JCefVNQPm8dFeDzx7qZ2ks"
|
||||||
|
date: 2024-07-01
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Fund Artemis Labs Data and Analytics Dashboards
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-07-01
|
||||||
|
- URL: https://www.futard.io/proposal/G95shxDXSSTcgi2DTJ2h79JCefVNQPm8dFeDzx7qZ2ks
|
||||||
|
- Description: 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.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
1. Artemis Labs proposes to build and maintain comprehensive data and analytics dashboards for the Drift protocol, enhancing access to critical metrics for various crypto stakeholders.
|
||||||
|
2. The initiative aims to provide reliable benchmarking and deeper metrics on Drift, promoting transparency and community engagement.
|
||||||
|
3. The proposal requests a grant of $50k in Drift Tokens to be distributed over 12 months, with a performance review after six months.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative will benefit institutional investors, developers, and retail investors by providing them with transparent and accessible Drift protocol data.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The project has the potential to attract more capital allocators and users to the Drift platform by enhancing the visibility and credibility of its metrics.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that if the deliverables do not meet the expectations of the Drift DAO, the partnership could be terminated after six months, affecting the continuity of data access.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## 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
|
||||||
|
|
||||||
|
## Product Screenshots
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## 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
|
||||||
|
1. 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.
|
||||||
|
1. Answering questions such as how much volume is done by 10, 100, 1000 traders etc.
|
||||||
|
3. Liquidity and averages fees historically
|
||||||
|
1. Answering questions such as how much does it cost to use Drift as a trader
|
||||||
|
4. Revenue across all of Drift product lines
|
||||||
|
1. Answering questions like how much money does Drift make and which revenue driver is growing the fastest
|
||||||
|
2. 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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `G95shxDXSSTcgi2DTJ2h79JCefVNQPm8dFeDzx7qZ2ks`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-05
|
||||||
|
- Ended: 2024-07-05
|
||||||
29
inbox/archive/2024-07-01-futardio-proposal-proposal-1.md
Normal file
29
inbox/archive/2024-07-01-futardio-proposal-proposal-1.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #1"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/Hda19mrjPxotZnnQfpAhJtxWvfC6JCXbMquohThgsd5U"
|
||||||
|
date: 2024-07-01
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #1
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-07-01
|
||||||
|
- URL: https://www.futard.io/proposal/Hda19mrjPxotZnnQfpAhJtxWvfC6JCXbMquohThgsd5U
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `Hda19mrjPxotZnnQfpAhJtxWvfC6JCXbMquohThgsd5U`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `2koRVEC5ZAEqVHzBeVjgkAAdq92ZGszBsVBCBVUraYg1`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-05
|
||||||
|
- Ended: 2024-07-05
|
||||||
49
inbox/archive/2024-07-01-futardio-proposal-test.md
Normal file
49
inbox/archive/2024-07-01-futardio-proposal-test.md
Normal file
|
|
@ -0,0 +1,49 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: test"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/16ZyAyNumkJoU9GATreUzBDzfS6rmEpZnUcQTcdfJiD"
|
||||||
|
date: 2024-07-01
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: test
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-07-01
|
||||||
|
- URL: https://www.futard.io/proposal/16ZyAyNumkJoU9GATreUzBDzfS6rmEpZnUcQTcdfJiD
|
||||||
|
- Categories: {'category': 'Treasury'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal titled "test" aims to introduce new initiatives for the Unknown DAO while enhancing community engagement.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders may experience increased involvement and collaboration through the proposed initiatives.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could lead to improved community dynamics and stronger governance.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the initiatives may not resonate with all community members, potentially leading to disengagement.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
test
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `16ZyAyNumkJoU9GATreUzBDzfS6rmEpZnUcQTcdfJiD`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-01
|
||||||
|
- Ended: 2024-07-01
|
||||||
29
inbox/archive/2024-07-04-futardio-proposal-proposal-3.md
Normal file
29
inbox/archive/2024-07-04-futardio-proposal-proposal-3.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #3"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/EXehk1u3qUJZSxJ4X3nHsiTocRhzwq3eQAa6WKxeJ8Xs"
|
||||||
|
date: 2024-07-04
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #3
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-07-04
|
||||||
|
- URL: https://www.futard.io/proposal/EXehk1u3qUJZSxJ4X3nHsiTocRhzwq3eQAa6WKxeJ8Xs
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `EXehk1u3qUJZSxJ4X3nHsiTocRhzwq3eQAa6WKxeJ8Xs`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-08
|
||||||
|
- Ended: 2024-07-08
|
||||||
|
|
@ -0,0 +1,141 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Initialize the Drift Foundation Grant Program"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM"
|
||||||
|
date: 2024-07-09
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Initialize the Drift Foundation Grant Program
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-07-09
|
||||||
|
- URL: https://www.futard.io/proposal/xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM
|
||||||
|
- Description: This proposal requests 100,000 DRIFT to carry out the initial iteration of the Drift Grants Program.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to initiate the Drift Grants Program with 100,000 DRIFT to support community initiatives and ecosystem development, while evaluating the demand for small grants and assessing the current grant sourcing structure.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal empowers community members to lead initiatives, thereby increasing engagement and collaboration within the Drift ecosystem.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could establish a robust grants program that fosters a thriving ecosystem, enhancing Drift's competitive advantage in the DeFi space.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The program's reliance on initial funding and team effectiveness poses risks if the expected demand for grants is not met or if operational challenges arise during the trial period.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
This proposal requests 100,000 DRIFT to carry out the initial iteration of the Drift Grants Program.
|
||||||
|
|
||||||
|
The funds will be managed by ⅔ 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:** 2months, 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. [JH comment: Why do this through Futarchy? Why not execute without then use futarch markets to decide extension?]
|
||||||
|
|
||||||
|
**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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `xU6tQoDh3Py4MfAY3YPwKnNLt7zYDiNHv8nA1qKnxVM`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
||||||
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-13
|
||||||
|
- Ended: 2024-07-13
|
||||||
|
|
@ -0,0 +1,163 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve Budget for Champions NFT Collection Design"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/BU8kQ7ECq8CJ9BHUZfYsjHFKPMGsF6oJn5d6b1tArdwW"
|
||||||
|
date: 2024-07-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: FutureDAO
|
||||||
|
- Proposal: Approve Budget for Champions NFT Collection Design
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-07-18
|
||||||
|
- URL: https://www.futard.io/proposal/BU8kQ7ECq8CJ9BHUZfYsjHFKPMGsF6oJn5d6b1tArdwW
|
||||||
|
- Description: Approve artistic direction and a $10,000 budget for design of the FutureDAO Champions NFT collection.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Approve a $10,000 budget for the artistic direction and design of the FutureDAO Champions NFT Collection to enhance community engagement and brand presence in the Solana ecosystem.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal aims to foster internal cohesion and cultural identity among FutureDAO community members through unique NFT artwork.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Increased demand for the Champions NFTs could lead to higher engagement, revenue from SPL 404 swaps, and secondary market royalties.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Failure to select an appealing artist or produce desired artwork could result in diminished community interest and lower financial returns.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## TLDR
|
||||||
|
|
||||||
|
Approve artistic direction and a $10,000 budget for design of the FutureDAO Champions NFT collection. The project will enhance FutureDAO’s culture, boosting community engagement, internal cohesion, and FutureDAO's presence in the Solana ecosystem. Revenue is expected from SPL 404 swaps and secondary market royalties.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
This proposal seeks approval for the artistic direction and budget allocation for the FutureDAO Champions NFT Collection.
|
||||||
|
|
||||||
|
- **Target Customer:** Members of the FutureDAO community and NFT collectors who vibe with futuristic aesthetics and robotic themes.
|
||||||
|
|
||||||
|
- **Problem Solved:** FutureDAO’s Champions NFT Collection currently lacks artistic visuals, featuring only placeholder images with no art.
|
||||||
|
|
||||||
|
- **Monetization:** Indirect revenue from increased demand for Champions NFTs, higher NFT portal engagement, and potential direct earnings through increased SPL 404 swaps.
|
||||||
|
|
||||||
|
- **Key Metrics:**
|
||||||
|
|
||||||
|
- Community approval of the artistic direction
|
||||||
|
|
||||||
|
- Engagement and feedback on the selected artist (TBD and artwork samples
|
||||||
|
|
||||||
|
- **Value Creation:** The collection will add value with unique artwork that enhances FutureDAO’s cultural appeal, and provide PFPs for community members to represent themselves, increasing internal community cohesion and FutureDAO's notoriety across the Solana ecosystem.
|
||||||
|
|
||||||
|
- **Total Budget:** $10,000 USD
|
||||||
|
|
||||||
|
- This budget will cover the costs associated with commissioning the artist, determining the artistic direction and creating the NFT artwork.
|
||||||
|
|
||||||
|
- **This project directly relates to FutureDAO’s business** by enabling FutureDAO to proceed with design of the Champions NFT collection, contributing to community engagement and brand enhancement.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Problem
|
||||||
|
|
||||||
|
NFTs are a cultural pillar of communities. A well designed, appealing and recognizable NFT collection is needed to increase internal community cohesion and FutureDAO’s notoriety across the Solana ecosystem.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## **Design**
|
||||||
|
|
||||||
|
**Product Description:** The FutureDAO Champions NFT Collection will feature unique, hand-made artwork, that embody a futuristic aesthetic with a robot theme.
|
||||||
|
|
||||||
|
Current NFT Image
|
||||||
|
|
||||||
|
**Artist Selection:** This proposal is only to determine the budget allocation and artistic direction. Selection of the artist will be determined through a secondary process.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
[Dr. PeePee](https://x.com/DrPeepee911) Example: 75% of respondents to the NFT Collection Proposal Development process support engaging Dr. PeePee to design the NFT collection
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
[Scumsol](https://x.com/SCUMSOL) Example: One community member suggested we engage Scumsol to design the collection
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## **Business**
|
||||||
|
|
||||||
|
### **Implementation Plan:**
|
||||||
|
|
||||||
|
- **Artist Commission:** Engage an artist - TBD in a secondary process - to create the NFT artwork.
|
||||||
|
|
||||||
|
- **Artwork Creation:** Develop the collection with hand-made pieces that align with the community's preferences.
|
||||||
|
|
||||||
|
- **Community Feedback:** Present artwork samples to the community for final feedback and approval.
|
||||||
|
|
||||||
|
|
||||||
|
### **Expected Impact:**
|
||||||
|
|
||||||
|
- **Community Engagement:** Increased community engagement through active participation in determining artistic direction
|
||||||
|
|
||||||
|
- **Culture:** Enhanced cultural and artistic value for FutureDAO
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## **Monetization**
|
||||||
|
|
||||||
|
### 5.1 Financial Projections
|
||||||
|
|
||||||
|
**Initial Development Costs: $10,000 USD**
|
||||||
|
|
||||||
|
- **Artist Commission:** $5,000 USD
|
||||||
|
|
||||||
|
- **Smart Contract Development:** $1,000 USD
|
||||||
|
|
||||||
|
- **Metadata Integration:** $2,000 USD
|
||||||
|
|
||||||
|
- **Testing and QA:** $1,000 USD
|
||||||
|
|
||||||
|
- **Contingency Costs:** $1,000 USD
|
||||||
|
|
||||||
|
- **Total Budget:** $10,000 USD
|
||||||
|
|
||||||
|
|
||||||
|
**Earnings Projections:**
|
||||||
|
|
||||||
|
- **SPL 404 Swap:** Revenue from swap of $FUTURE to SPL 404 NFT
|
||||||
|
|
||||||
|
- **Secondary Market Royalties:** Ongoing earnings from secondary market transactions.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
#### **About FutureDAO:**
|
||||||
|
|
||||||
|
FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure.
|
||||||
|
|
||||||
|
FutureDAO is building the Future Protocol to help communities safeguard and amplify value by providing them with on-chain token migration tools to take control of their futures.
|
||||||
|
|
||||||
|
For more detailed information, you can visit the FutureDAO [Gitbook](https://futurespl.gitbook.io/future).
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `BU8kQ7ECq8CJ9BHUZfYsjHFKPMGsF6oJn5d6b1tArdwW`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm`
|
||||||
|
- Proposer: `8fLRt8odjQgWvJuFUqnWsJUasALX7GMPp1vWiuBJEmYQ`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-22
|
||||||
|
- Ended: 2024-07-22
|
||||||
|
|
@ -0,0 +1,148 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Enhancing The Dean's List DAO Economic Model"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp"
|
||||||
|
date: 2024-07-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Enhancing The Dean's List DAO Economic Model
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-07-18
|
||||||
|
- URL: https://www.futard.io/proposal/5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp
|
||||||
|
- Description: The proposed model for The Dean's List DAO involves continuing to charge clients in USDC and using the collected USDC to purchase $DEAN tokens.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to enhance The Dean's List DAO's economic model by continuously charging clients in USDC, using the proceeds to purchase \$DEAN tokens, and distributing these tokens as payment to DAO citizens while maintaining the DAO tax in USDC to mitigate price fluctuations.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
DAO citizens will receive \$DEAN tokens instead of USDC, potentially increasing their earnings if demand for the token rises.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The strategic purchasing of \$DEAN tokens is expected to create consistent buy pressure, potentially increasing the token's price and enhancing the DAO's overall market position.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The selling pressure from DAO citizens cashing out a significant portion of their \$DEAN tokens may counteract the buy pressure, leading to price volatility.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
The proposed model for The Dean's List DAO 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 approach creates constant buying pressure on the \$DEAN token, leading to an increase in price.
|
||||||
|
|
||||||
|
|
||||||
|
The strategic use of USDC for purchasing \$DEAN is expected to enhance the DAO's economic stability and growth.
|
||||||
|
|
||||||
|
|
||||||
|
*Example: DAO Tax @ 20%, Cost of dApp review 2500 \$USDC
|
||||||
|
|
||||||
|
|
||||||
|
This way we create volume (3600 \$USDC volume) and the price action is always positive. (in our case buys exceeded sells by 20%) and we do not deplete our \$DEAN reserves*
|
||||||
|
|
||||||
|
|
||||||
|
- _500 \$USDC goes to the treasury_
|
||||||
|
- _2000 \$USDC are used for purchasing \$DEAN tokens. The DAO buys 560k \$DEAN (price goes up by X due to the buy)_
|
||||||
|
- _DAO Citizens are paid the 560k \$DEAN and (assumption) 80% of the paid people decide to sell their \$DEAN to pay their bills._
|
||||||
|
- _DAO Citizens sell 560k_80% = 448k \$DEAN hits the market to be sold (price goes down by 0.8X)*
|
||||||
|
- _The price will always achieve a higher low on each cycle._
|
||||||
|
|
||||||
|
|
||||||
|
## Here are more details you don't need but you can explore if you like:
|
||||||
|
|
||||||
|
|
||||||
|
### `Detailed Analysis and FDV Increase Scenario:`
|
||||||
|
|
||||||
|
|
||||||
|
**`Current Metrics:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `FDV of The Dean's List DAO: $337,074`
|
||||||
|
- `Daily Trading Volume: $500`
|
||||||
|
- `Circulating Supply: 100,000,000 $DEAN`
|
||||||
|
- `Current $DEAN Price: $0.00337`
|
||||||
|
|
||||||
|
|
||||||
|
**`Example Scenario:** Assume the DAO reviews 6 dApps in a month, charging 2500 USDC per review.`
|
||||||
|
|
||||||
|
|
||||||
|
- **`Total Monthly Revenue:** 15,000 USDC`
|
||||||
|
- **`Daily Revenue Equivalent:** 500 USDC/day`
|
||||||
|
- **`Tax Distribution:`**
|
||||||
|
- `20% (3,000 USDC) goes to the treasury.`
|
||||||
|
- `80% (12,000 USDC) used to purchase $DEAN tokens.`
|
||||||
|
- `Daily purchase of $DEAN: 400 USDC/day`
|
||||||
|
|
||||||
|
|
||||||
|
**`Purchase and Distribution:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `With 400 USDC daily, the DAO buys approximately 118,694 $DEAN daily.`
|
||||||
|
- `These tokens are then distributed to DAO citizens as payment.`
|
||||||
|
- `Assuming 80% of $DEAN tokens (94,955) are sold by citizens daily.`
|
||||||
|
|
||||||
|
|
||||||
|
### `Price Impact Analysis`
|
||||||
|
|
||||||
|
|
||||||
|
**`Upward Price Pressure:** Introducing 400 USDC daily into the market represents an 80% increase relative to the current daily trading volume of 500 USDC. This significant increase can substantially impact the price. Given an 80% increase in daily buy volume, we estimate a 24% price increase for modeling purposes.`
|
||||||
|
|
||||||
|
|
||||||
|
**`Downward Price Pressure:** Assuming 80% of the purchased $DEAN tokens are sold by DAO citizens, this sell-off will create downward pressure on the price, estimated at a 15% decrease.`
|
||||||
|
|
||||||
|
|
||||||
|
**`New Price Calculation:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `Initial Price: $0.00337`
|
||||||
|
- `Estimated Price Increase: 24%`
|
||||||
|
- `New Price: $0.0041768`
|
||||||
|
- `Final Price after Sell Pressure: $0.00355028`
|
||||||
|
|
||||||
|
|
||||||
|
**`Calculating the FDV:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `Initial FDV: $337,074`
|
||||||
|
- `New FDV: $355,028`
|
||||||
|
|
||||||
|
|
||||||
|
**`FDV Increase:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `From $337,074 to $355,028`
|
||||||
|
- `Percentage Increase: 5.33%`
|
||||||
|
|
||||||
|
|
||||||
|
**`Comparison with TWAP 3% Increase Requirement:`**
|
||||||
|
|
||||||
|
|
||||||
|
- `Required FDV Increase for 3%: 337,074×1.03=347,186`
|
||||||
|
- `Achieved FDV: $355,028`
|
||||||
|
- `Achieved Percentage Increase: 5.33%`
|
||||||
|
|
||||||
|
|
||||||
|
`This scenario indicates that the achieved FDV increase of 5.33% significantly exceeds the TWAP 3% increase requirement, demonstrating the potential impact of the proposed model.`
|
||||||
|
|
||||||
|
|
||||||
|
### `Conclusion:`
|
||||||
|
|
||||||
|
|
||||||
|
`This proposal aims to leverage the strategic use of USDC to purchase $DEAN, creating consistent buy pressure that outweighs the selling pressure from citizens, thereby significantly boosting the FDV TWAP. Members are encouraged to support this proposal to enhance the DAO's economic framework and overall market position.`
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `5c2XSWQ9rVPge2Umoz1yenZcAwRaQS5bC4i4w87B1WUp`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-07-22
|
||||||
|
- Ended: 2024-07-22
|
||||||
|
|
@ -0,0 +1,66 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve Q3 Roadmap?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ"
|
||||||
|
date: 2024-08-03
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Approve Q3 Roadmap?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-08-03
|
||||||
|
- URL: https://www.futard.io/proposal/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ
|
||||||
|
- Categories: {'category': 'Governance'}, {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal outlines objectives to launch a market-based grants product, build a full-time team in San Francisco, and significantly improve user interface performance.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative will enhance user experience for DAOs and decision market traders by providing a more efficient grants process.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successfully implementing the roadmap could position MetaDAO as a leader in innovative grant solutions, attracting more users and DAO participation.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Delays in hiring or product development may hinder the timely launch and adoption of the new grants product, potentially impacting stakeholder trust.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Subject to the DAO’s approval, this is what we’ll be working on for the remainder of Q3:
|
||||||
|
### Launch market-based grants decisions
|
||||||
|
- Design a compelling market-based grants product
|
||||||
|
- Research and document existing grants programs across both SVM and EVM ecosystem
|
||||||
|
- Gather requirements and feedback from prospective users (DAOs)
|
||||||
|
- Gather requirements and feedback from decision market traders
|
||||||
|
- Create a ‘cardboard cutout’ design of what the UI will look like
|
||||||
|
- Implement the product
|
||||||
|
- Write requisite smart contracts
|
||||||
|
- Get smart contracts audited, either by a firm or by individuals
|
||||||
|
- Launch 5 organizations on the product
|
||||||
|
- Process 8 proposals through the product
|
||||||
|
### Start building the full-time team
|
||||||
|
- Secure an office space in San Francisco
|
||||||
|
- Interview 40 candidates for the engineering roles
|
||||||
|
- Hire a Twitter intern
|
||||||
|
### Improve the performance of the user interface
|
||||||
|
- Reduce page load times from 14.6s to 1s
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-08-07
|
||||||
|
- Ended: 2024-08-07
|
||||||
|
|
@ -0,0 +1,126 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Develop Memecoin Launchpad?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/J57DcV2yQGiDpSetQHui6Piwjwsbet2ozXVPG77kTvTd"
|
||||||
|
date: 2024-08-14
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Develop Memecoin Launchpad?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-14
|
||||||
|
- URL: https://www.futard.io/proposal/J57DcV2yQGiDpSetQHui6Piwjwsbet2ozXVPG77kTvTd
|
||||||
|
- Description: MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
- Categories: {'category': 'Governance'}, {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
MetaDAO proposes to create "futardio," a memecoin launchpad that allocates a portion of each new token's supply to a futarchy DAO, with the aim to drive adoption and usage of futarchy within the memecoin market.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal could attract memecoin holders and organizations interested in decentralized governance, enhancing community engagement.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could significantly increase visibility and usage of futarchy, potentially leading to improved governance mechanisms and more robust product development.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The initiative may undermine the perceived seriousness of futarchy and distract from MetaDAO's core focus, potentially complicating future recruitment and partnerships.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.”
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. **If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.**
|
||||||
|
|
||||||
|
## Details
|
||||||
|
|
||||||
|
The key ideas are expressed in [https://futard.io](https://futard.io).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The details of Futardio would be:
|
||||||
|
|
||||||
|
- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
|
||||||
|
|
||||||
|
- When users increase key metrics (e.g., volume), they earn points
|
||||||
|
|
||||||
|
- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
|
||||||
|
|
||||||
|
- FUTA would be distributed to solely two parties: points owners and MetaDAO
|
||||||
|
|
||||||
|
- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
|
||||||
|
|
||||||
|
- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling [hyperstructure](https://jacob.energy/hyperstructures.html).
|
||||||
|
|
||||||
|
- The goal would be to launch it in Q3.
|
||||||
|
|
||||||
|
- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
|
||||||
|
|
||||||
|
## Potential advantages
|
||||||
|
|
||||||
|
- Drive attention and usage to futarchy
|
||||||
|
|
||||||
|
|
||||||
|
- More exposure
|
||||||
|
|
||||||
|
- More usage helps MetaDAO improve the product
|
||||||
|
|
||||||
|
- Provides more proof points of futarchy
|
||||||
|
|
||||||
|
|
||||||
|
- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
|
||||||
|
|
||||||
|
- Create a forcing function to improve the security of the core futarchy platform
|
||||||
|
|
||||||
|
|
||||||
|
## Potential pitfalls
|
||||||
|
|
||||||
|
- Makes futarchy look less serious
|
||||||
|
|
||||||
|
|
||||||
|
- May make it harder to sell DeFi DAOs / non-crypto organizations
|
||||||
|
|
||||||
|
- May make it harder to recruit contributors
|
||||||
|
|
||||||
|
|
||||||
|
- Time & energy investment
|
||||||
|
|
||||||
|
- Would prevent MetaDAO from solely focusing on the core platform
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `J57DcV2yQGiDpSetQHui6Piwjwsbet2ozXVPG77kTvTd`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-08-18
|
||||||
|
- Ended: 2024-08-18
|
||||||
29
inbox/archive/2024-08-20-futardio-proposal-proposal-4.md
Normal file
29
inbox/archive/2024-08-20-futardio-proposal-proposal-4.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #4"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/yTiRuoXWQVdVgbUJBU6J3FF1Sxnzy7FW7osqkkfMK6G"
|
||||||
|
date: 2024-08-20
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #4
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-20
|
||||||
|
- URL: https://www.futard.io/proposal/yTiRuoXWQVdVgbUJBU6J3FF1Sxnzy7FW7osqkkfMK6G
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `yTiRuoXWQVdVgbUJBU6J3FF1Sxnzy7FW7osqkkfMK6G`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-08-24
|
||||||
|
- Ended: 2024-08-24
|
||||||
|
|
@ -0,0 +1,50 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Test Proposal 3"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/5TRuK9TLZ9bUPtp6od6pLKN6GxbQMByaBwVSCArNaS1V"
|
||||||
|
date: 2024-08-20
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Test Proposal 3
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-20
|
||||||
|
- URL: https://www.futard.io/proposal/5TRuK9TLZ9bUPtp6od6pLKN6GxbQMByaBwVSCArNaS1V
|
||||||
|
- Description: Test Proposal 3 Content
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to outline a framework for governance improvements and enhance community engagement within the Unknown DAO.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will have increased opportunities for participation and input in governance decisions.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Improved governance could lead to more efficient decision-making and stronger community alignment.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the proposed changes may not be widely accepted or could lead to confusion among participants.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Test Proposal 3 Content
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `5TRuK9TLZ9bUPtp6od6pLKN6GxbQMByaBwVSCArNaS1V`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-08-24
|
||||||
|
- Ended: 2024-08-24
|
||||||
|
|
@ -0,0 +1,77 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund The Drift Superteam Earn Creator Competition"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY"
|
||||||
|
date: 2024-08-27
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Fund The Drift Superteam Earn Creator Competition
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-27
|
||||||
|
- URL: https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY
|
||||||
|
- Description: To celebrate the launch of B.E.T. this proposal would fund a collection of bounties called “Drift Protocol Creator Competition”.
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to fund the Drift Protocol Creator Competition with an \$8,250 prize pool to promote community engagement and content generation for B.E.T, Solana’s first capital efficient prediction market.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Community members and creators will have the opportunity to engage with the B.E.T platform and potentially earn rewards through their contributions.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The competition can enhance awareness and adoption of B.E.T, leading to increased user engagement and growth for the Drift platform.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the competition may not attract sufficient participation, which could limit its effectiveness in promoting B.E.T and engaging the community.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
[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)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-08-31
|
||||||
|
- Ended: 2024-08-31
|
||||||
|
|
@ -0,0 +1,355 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: A VERY unique title, some say it's... really unique"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK"
|
||||||
|
date: 2024-08-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: A VERY unique title, some say it's... really unique
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-28
|
||||||
|
- URL: https://www.futard.io/proposal/GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK
|
||||||
|
- Description: MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.”
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. \*\*If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.\*\*
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Details
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The key ideas are expressed in [https://futard.io](https://futard.io).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The details of Futardio would be:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- When users increase key metrics (e.g., volume), they earn points
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- FUTA would be distributed to solely two parties: points owners and MetaDAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling \[hyperstructure]\(https://jacob.energy/hyperstructures.html).
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- The goal would be to launch it in Q3. 
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \\$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential advantages
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Drive attention and usage to futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- More exposure
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- More usage helps MetaDAO improve the product
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Provides more proof points of futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Create a forcing function to improve the security of the core futarchy platform
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential pitfalls
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Makes futarchy look less serious
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- May make it harder to sell DeFi DAOs / non-crypto organizations
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- May make it harder to recruit contributors
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Time & energy investment
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Would prevent MetaDAO from solely focusing on the core platform
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
- Discussion: https://discord.gg/dxg65cWB2x
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to create "futardio," a memecoin launchpad that incorporates futarchy by allocating a percentage of each new token's supply to a futarchy DAO, while also enabling users to earn points that convert into a new token ($FUTA).
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including memecoin holders and MetaDAO, may benefit from increased engagement and potential revenue through the futardio platform.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The initiative could drive attention and usage of futarchy, enhancing MetaDAO's visibility and credibility in the crypto ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the association with memecoins could undermine the perceived seriousness of futarchy, potentially complicating future partnerships and recruitment.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.”
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. \*\*If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.\*\*
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Details
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The key ideas are expressed in [https://futard.io](https://futard.io).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The details of Futardio would be:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- When users increase key metrics (e.g., volume), they earn points
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- FUTA would be distributed to solely two parties: points owners and MetaDAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling \[hyperstructure]\(https://jacob.energy/hyperstructures.html).
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- The goal would be to launch it in Q3. 
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \\$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential advantages
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Drive attention and usage to futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- More exposure
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- More usage helps MetaDAO improve the product
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Provides more proof points of futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Create a forcing function to improve the security of the core futarchy platform
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential pitfalls
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Makes futarchy look less serious
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- May make it harder to sell DeFi DAOs / non-crypto organizations
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- May make it harder to recruit contributors
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Time & energy investment
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Would prevent MetaDAO from solely focusing on the core platform
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK`
|
||||||
|
- Proposal number: 10
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `Bg4Wmk8QqctppeUGYubGfqBfvf5wUNeHj43kdJV1GeP8`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-01
|
||||||
|
- Ended: 2024-09-01
|
||||||
|
|
@ -0,0 +1,170 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Drift Proposal for B.E.T"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ"
|
||||||
|
date: 2024-08-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Drift Proposal for B.E.T
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-28
|
||||||
|
- URL: https://www.futard.io/proposal/8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ
|
||||||
|
- Description: [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 [SuperteamEarn](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:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\* Grant 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)
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to fund a "Drift Protocol Creator Competition" with a total prize pool of $8,250 to promote community engagement and content generation for the B.E.T prediction market.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal encourages community involvement and education around B.E.T, benefiting both participants and the broader Drift ecosystem.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful execution of the competition could enhance awareness and adoption of B.E.T, driving user engagement and growth.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the competition may not attract sufficient participation or content quality, potentially limiting its effectiveness in promoting B.E.T.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
[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 [SuperteamEarn](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:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\* Grant 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)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ`
|
||||||
|
- Proposal number: 6
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-01
|
||||||
|
- Ended: 2024-09-01
|
||||||
30
inbox/archive/2024-08-28-futardio-proposal-dummy.md
Normal file
30
inbox/archive/2024-08-28-futardio-proposal-dummy.md
Normal file
|
|
@ -0,0 +1,30 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Dummy"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/eNPP3Tm4AAyDwq9N4BwJwBzFD14KXDSVY6bhMRaBuFt"
|
||||||
|
date: 2024-08-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Test DAO
|
||||||
|
- Proposal: Dummy
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-28
|
||||||
|
- URL: https://www.futard.io/proposal/eNPP3Tm4AAyDwq9N4BwJwBzFD14KXDSVY6bhMRaBuFt
|
||||||
|
- Description: Nothing
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `eNPP3Tm4AAyDwq9N4BwJwBzFD14KXDSVY6bhMRaBuFt`
|
||||||
|
- Proposal number: 9
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `4wDbdWGiMHVyePY2uZn8ru9KZo3jeocZV9p3TUgxvp2y`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-01
|
||||||
|
- Ended: 2024-09-01
|
||||||
29
inbox/archive/2024-08-28-futardio-proposal-proposal-7.md
Normal file
29
inbox/archive/2024-08-28-futardio-proposal-proposal-7.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #7"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/AuNNyR4oU2zkG1sYBzJ3DJmyDzMKSmSW2yASorWenuC6"
|
||||||
|
date: 2024-08-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #7
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-28
|
||||||
|
- URL: https://www.futard.io/proposal/AuNNyR4oU2zkG1sYBzJ3DJmyDzMKSmSW2yASorWenuC6
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `AuNNyR4oU2zkG1sYBzJ3DJmyDzMKSmSW2yASorWenuC6`
|
||||||
|
- Proposal number: 7
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-01
|
||||||
|
- Ended: 2024-09-01
|
||||||
|
|
@ -0,0 +1,354 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Test Proposal based on MetaDAO Content"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJo"
|
||||||
|
date: 2024-08-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Test Proposal based on MetaDAO Content
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-08-28
|
||||||
|
- URL: https://www.futard.io/proposal/EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJo
|
||||||
|
- Description: MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.”
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. \*\*If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.\*\*
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Details
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The key ideas are expressed in [https://futard.io](https://futard.io).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The details of Futardio would be:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- When users increase key metrics (e.g., volume), they earn points
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- FUTA would be distributed to solely two parties: points owners and MetaDAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling \[hyperstructure]\(https://jacob.energy/hyperstructures.html).
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- The goal would be to launch it in Q3. 
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \\$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential advantages
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Drive attention and usage to futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- More exposure
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- More usage helps MetaDAO improve the product
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Provides more proof points of futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Create a forcing function to improve the security of the core futarchy platform
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential pitfalls
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Makes futarchy look less serious
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- May make it harder to sell DeFi DAOs / non-crypto organizations
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- May make it harder to recruit contributors
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Time & energy investment
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Would prevent MetaDAO from solely focusing on the core platform
|
||||||
|
- Categories: {'category': 'Treasury'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to develop "futardio," a memecoin launchpad that allocates a percentage of new token supplies to a futarchy DAO, while incentivizing user engagement through a points system that converts to a new token, $FUTA.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including memecoin holders and MetaDAO, could benefit from increased engagement and revenue generation through the futardio platform.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could drive attention to futarchy, enhance its credibility, and provide funding for future MetaDAO initiatives.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the association with memecoins could undermine the perceived seriousness of futarchy, potentially hindering recruitment and partnerships with traditional organizations.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.”
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. \*\*If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.\*\*
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Details
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The key ideas are expressed in [https://futard.io](https://futard.io).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
The details of Futardio would be:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- When users increase key metrics (e.g., volume), they earn points
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- FUTA would be distributed to solely two parties: points owners and MetaDAO
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling \[hyperstructure]\(https://jacob.energy/hyperstructures.html).
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- The goal would be to launch it in Q3. 
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \\$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
  
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential advantages
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Drive attention and usage to futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- More exposure
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- More usage helps MetaDAO improve the product
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Provides more proof points of futarchy
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Create a forcing function to improve the security of the core futarchy platform
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\## Potential pitfalls
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Makes futarchy look less serious
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- May make it harder to sell DeFi DAOs / non-crypto organizations
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- May make it harder to recruit contributors
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
\- Time & energy investment
|
||||||
|
|
||||||
|
   
|
||||||
|
|
||||||
|
\- Would prevent MetaDAO from solely focusing on the core platform
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJo`
|
||||||
|
- Proposal number: 8
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-01
|
||||||
|
- Ended: 2024-09-01
|
||||||
|
|
@ -0,0 +1,163 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve Budget for Pre-Governance Hackathon Development"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/2LKqzegdHrcrrRCHSuTS2fMjjJuZDfzuRKMnzPhzeD42"
|
||||||
|
date: 2024-08-30
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: FutureDAO
|
||||||
|
- Proposal: Approve Budget for Pre-Governance Hackathon Development
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-08-30
|
||||||
|
- URL: https://www.futard.io/proposal/2LKqzegdHrcrrRCHSuTS2fMjjJuZDfzuRKMnzPhzeD42
|
||||||
|
- Description: Approve a $25,000 budget for the development of Future's Pre-Governance Mandates tool and entry of the tool into the Solana Hackathon known as Radar.
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Approve a $25,000 budget for developing the Pre-Governance Mandates tool to enhance community engagement and decision-making in DAOs, with plans to enter it into the Solana Radar Hackathon.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
DAOs and crypto projects will gain access to improved tools for community engagement and proposal development, leading to better governance outcomes.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The tool has the potential to significantly increase user engagement and the quality of governance proposals, positioning Future as a leader in DAO governance solutions.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the tool may not achieve sufficient adoption or engagement, potentially leading to unmet expectations and financial losses.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## TLDR
|
||||||
|
|
||||||
|
Approve a $25,000 budget for the development of Future's Pre-Governance Mandates tool and entry of the tool into the Solana Hackathon known as Radar. This project will revolutionize decision-making in DAOs by bridging the gap between community engagement and formal governance, positioning Future as a contender in the DAO governance world.
|
||||||
|
|
||||||
|
Our aim is not to compete, but rather compliment the work of established governance players such as MetaDAO, Realms, Squads or Align. All DAOs will benefit from access to Future Pre-Governance Mandates.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Overview**
|
||||||
|
|
||||||
|
This proposal seeks approval for the development and budget allocation for Future's Pre-Governance Mandates tool, which will be entered into the Solana Radar Hackathon (September 1 - October 8, 2024).
|
||||||
|
|
||||||
|
- **Target Customer:**
|
||||||
|
|
||||||
|
- Solana-based DAOs and crypto projects seeking improved community engagement and decision-making processes.
|
||||||
|
|
||||||
|
- Professional proposal builders looking for tools to make drafting successful governance proposals easier.
|
||||||
|
|
||||||
|
- **Problem Solved:** Traditional decision-making methods in DAOs often lead to low engagement and potentially problematic outcomes. There's a critical need for a tool that can efficiently gather community input, analyze complex issues, and refine proposals before formal governance votes.
|
||||||
|
|
||||||
|
- **Monetization:** There are several potential models for monetization, including but not limited to: $FUTURE staking, Monthly Payments, Pay-as-you-go etc.
|
||||||
|
|
||||||
|
- **Key Metrics:**
|
||||||
|
|
||||||
|
- **Number of DAOs onboarded**
|
||||||
|
|
||||||
|
- **User engagement rates**
|
||||||
|
|
||||||
|
- **Quality and quantity of proposals generated**
|
||||||
|
|
||||||
|
- **Value Creation:** The tool will provide DAOs with deeper insights into stakeholder sentiment, increase participation, and lead to more informed governance decisions.
|
||||||
|
|
||||||
|
- **Total Budget:** $25,000 USD
|
||||||
|
|
||||||
|
- This budget covers the entire hackathon duration and production of an MVP “Mandate” tool.
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Problem**
|
||||||
|
|
||||||
|
Governance is so much more than voting. Key decisions must be made by community leaders and members throughout the governance process, particularly leading up to formal submission of proposals. There are very few tools to support this process, and those that exist often lead to decisive discourse and low engagement. Our tool facilitates engagement between community leaders, community members and the wider web3 ecosystem to produce well-thought out, well-supported and secure proposals prior to their submission.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Design**
|
||||||
|
|
||||||
|
**Product Description:** The Pre-Governance Mandates tool is a dApp-based solution combining a powerful decision-making engine with customizable surveys. It will leverage blockchain and (eventually) AI technology to provide impactful data. Innovative features like Blinks will allow DAOs to find feedback where their stakeholders are.
|
||||||
|
|
||||||
|
**Key Features:**
|
||||||
|
|
||||||
|
1. Multi-Criteria Decision-Making Engine
|
||||||
|
|
||||||
|
2. Customizable Survey System
|
||||||
|
|
||||||
|
3. Web3 Integration (Solana wallet connect, Blinks)
|
||||||
|
|
||||||
|
4. AI-Powered Analysis Tool
|
||||||
|
|
||||||
|
5. Mandates Dashboard
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Business**
|
||||||
|
|
||||||
|
**Budget:**
|
||||||
|
|
||||||
|
- Decision-Making Engine & API Upgrades - $5000
|
||||||
|
|
||||||
|
- Mandates Wizard Upgrades - $3000
|
||||||
|
|
||||||
|
- dApp Build (Frontend) - $7000
|
||||||
|
|
||||||
|
- dApp Build (Backend) - $5000
|
||||||
|
|
||||||
|
- Documentation & Graphics - $5000
|
||||||
|
|
||||||
|
|
||||||
|
**Expected Impact:**
|
||||||
|
|
||||||
|
- Increased community engagement in DAOs
|
||||||
|
|
||||||
|
- Higher quality proposals and more informed decision-making
|
||||||
|
|
||||||
|
- Positioning Future as a leader in DAO governance solutions on Solana
|
||||||
|
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
**Monetization**
|
||||||
|
|
||||||
|
_Future will not rush monetization on this product. The objective is to accumulate power-users. The ideas below are simply that, ideas._
|
||||||
|
|
||||||
|
**Future Revenue Streams:**
|
||||||
|
|
||||||
|
- **Staking**: DAOs stake Future tokens for unlimited access
|
||||||
|
|
||||||
|
- **One-time payments:** Purchasable in $FUTURE
|
||||||
|
|
||||||
|
- 70% returned to NFT stakers
|
||||||
|
|
||||||
|
- 30% sent to treasury
|
||||||
|
|
||||||
|
- **Subscription Model**:
|
||||||
|
|
||||||
|
- **Consultancy:** Professional mandate curation
|
||||||
|
|
||||||
|
|
||||||
|
_Whatever the model, it will benefit $FUTURE_
|
||||||
|
|
||||||
|
**About Future:**
|
||||||
|
|
||||||
|
Future is building a comprehensive pre-governance platform for DAOs and crypto projects on Solana. By leveraging advanced decision-making tools, Web3 technologies, and AI-powered insights, Future aims to revolutionize how decentralized communities make decisions and engage their stakeholders.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `2LKqzegdHrcrrRCHSuTS2fMjjJuZDfzuRKMnzPhzeD42`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm`
|
||||||
|
- Proposer: `E2BjNZBAnT6yM52AANm2zDJ1ZLRQqEF6gbPqFZ51AJQh`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-02
|
||||||
|
- Ended: 2024-09-02
|
||||||
|
|
@ -0,0 +1,80 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Enter Services Agreement with Organization Technology LLC?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
|
||||||
|
date: 2024-08-31
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Enter Services Agreement with Organization Technology LLC?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-08-31
|
||||||
|
- URL: https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5
|
||||||
|
- Description: To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors. We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement.
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/xFgPvnrcUc
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to enter a services agreement with Organization Technology LLC to facilitate payments to MetaDAO contributors, ensuring that all intellectual property remains owned by MetaDAO LLC and establishing a framework for costs and responsibilities.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This agreement will enable MetaDAO contributors to receive compensation through a structured entity, enhancing operational efficiency.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The establishment of a US entity and clear financial management could streamline operations and support the growth of MetaDAO.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of financial burden with an annualized burn of $1.378M, which could impact MetaDAO's sustainability if not managed carefully.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### Type
|
||||||
|
|
||||||
|
Operations Direct Action
|
||||||
|
|
||||||
|
#### Author(s)
|
||||||
|
|
||||||
|
Nallok, Proph3t
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
|
||||||
|
Four weeks ago, MetaDAO completed its strategic partnership as part of [Proposal 19](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX). To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors.
|
||||||
|
|
||||||
|
Of note is:
|
||||||
|
|
||||||
|
- This entity does not have nor will own any intellectual property, all efforts produced are owned by MetaDAO LLC.
|
||||||
|
- This entity will be responsible for the costs of services and development and not have authority to encumber MetaDAO LLC.
|
||||||
|
|
||||||
|
We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement. You can review this agreement here:
|
||||||
|
|
||||||
|
[https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM](https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM)
|
||||||
|
|
||||||
|
If passed this proposal will execute the memo instructions which will act as a countersignatory to the agreement. The first disbursement from MetaDAO LLC to the entity will occur on September 1st, 2024 or when passed, whichever is later.
|
||||||
|
|
||||||
|
This agreement can be canceled by the DAO with a 30 day notice or immediately through material breach of contract by either party. A 30 day notice and cancellation would need to be executed through a proposal.
|
||||||
|
|
||||||
|
If any significant material expense is to be assessed or significant changes to the contract are to be made, those shall be put through the governance process of MetaDAO.
|
||||||
|
|
||||||
|
- The expected annualized burn is $1.378M.
|
||||||
|
- You can read about our [Q3 Roadmap](https://futarchy.metadao.fi/metadao/proposals/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ).
|
||||||
|
- For where current numbers in the agreement were arrived at you can review the [alignment proposal](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5`
|
||||||
|
- Proposal number: 6
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-03
|
||||||
|
- Ended: 2024-09-03
|
||||||
|
|
@ -0,0 +1,127 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: My Test Proposal That Rocksswd"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/evGundfgMRZWCYsGF7GMKcgh6LjxDTFrvWRAhxiQS8h"
|
||||||
|
date: 2024-09-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: My Test Proposal That Rocksswd
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-09-05
|
||||||
|
- URL: https://www.futard.io/proposal/evGundfgMRZWCYsGF7GMKcgh6LjxDTFrvWRAhxiQS8h
|
||||||
|
- Description: I Need Stir Fry on Friday
|
||||||
|
Welcome to the "I Need Stir Fry on Friday" proposal! 🍜 We're here to bring the community together with a bold idea: let’s make Friday Stir Fry Night a reality!
|
||||||
|
- Categories: {'category': 'Treasury'}, {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to establish a community tradition of "Stir Fry Fridays" by encouraging participation, sharing recipes, and partnering with local farmers for fresh ingredients.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Community members will benefit from enhanced social interaction and access to fresh, healthy meal options.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The initiative has the potential to foster community engagement, creativity in cooking, and support for local agriculture.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Challenges may arise in maintaining consistent participation and managing the logistics of recipe sharing and ingredient sourcing.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
# I Need Stir Fry on Friday
|
||||||
|
|
||||||
|
Welcome to the **"I Need Stir Fry on Friday"** proposal! 🍜 We're here to bring the community together with a bold idea: let’s make **Friday Stir Fry Night** a reality!
|
||||||
|
|
||||||
|
[Stir Fry](https://via.placeholder.com/400x200.png?text=Stir+Fry+Friday)
|
||||||
|
*Who wouldn't want this?*
|
||||||
|
|
||||||
|
## Why Stir Fry? 🍲
|
||||||
|
|
||||||
|
Stir fry is not just food, it's an experience. Here's why we think **Stir Fry on Friday** should be our new tradition:
|
||||||
|
|
||||||
|
- **Fast and Fresh**: Stir fry is quick to prepare and uses fresh ingredients, making it a healthy and convenient choice for everyone.
|
||||||
|
- **Customizable**: You can add your favorite veggies, proteins, and sauces to create a dish that suits your tastes.
|
||||||
|
- **Great for Groups**: It's easy to prepare in large quantities, making it perfect for community gatherings.
|
||||||
|
|
||||||
|
Check out this [Stir Fry Inspiration](https://example.com/stirfry-inspo) for ideas on how you can get creative with your stir fry!
|
||||||
|
|
||||||
|
## Key Ingredients for Success
|
||||||
|
|
||||||
|
To make **Stir Fry Friday** happen, here's what we need:
|
||||||
|
|
||||||
|
1. **Community Participation**
|
||||||
|
We want everyone to get involved! Share your favorite stir fry recipes, host cooking streams, or even organize local cook-offs.
|
||||||
|
|
||||||
|
2. **Weekly Themes**
|
||||||
|
Each Friday will have a different theme to keep things exciting:
|
||||||
|
- **Spicy Stir Fry** 🌶️
|
||||||
|
- **Vegetarian Delight** 🥦
|
||||||
|
- **Noodles Galore** 🍜
|
||||||
|
- **Fusion Friday** (mixing cuisines for fun new flavors)
|
||||||
|
|
||||||
|
3. **Recipe Sharing Platform**
|
||||||
|
We’ll create a simple platform where people can upload their stir fry creations, share tips, and vote on the best recipes each week.
|
||||||
|
|
||||||
|
4. **Partnerships with Local Farmers**
|
||||||
|
Let’s support local! We aim to partner with farmers to supply fresh, organic produce for our stir fry events.
|
||||||
|
|
||||||
|
## How We Can Make It Happen
|
||||||
|
|
||||||
|
Here’s the plan to get the ball (or wok) rolling:
|
||||||
|
|
||||||
|
- **Phase 1: Community Outreach** (Month 1)
|
||||||
|
- Spread the word on social media and the community forums.
|
||||||
|
- Get feedback from everyone on how they envision Stir Fry Fridays.
|
||||||
|
|
||||||
|
- **Phase 2: Recipe Collection & Voting** (Month 2)
|
||||||
|
- Create a system where people can submit recipes and vote for their favorites.
|
||||||
|
|
||||||
|
- **Phase 3: Launch Stir Fry Friday!** (Month 3)
|
||||||
|
- Host our first official Stir Fry Friday event! 🍴
|
||||||
|
|
||||||
|
## What We Need from You
|
||||||
|
|
||||||
|
Your support will help us:
|
||||||
|
|
||||||
|
- Build the recipe-sharing platform.
|
||||||
|
- Promote the event and encourage community involvement.
|
||||||
|
- Partner with local farmers for fresh ingredients.
|
||||||
|
|
||||||
|
Join the discussion on our [Stir Fry Friday Forum](https://example.com/forum) and share your thoughts!
|
||||||
|
|
||||||
|
## Stir Fry FAQs 🔥
|
||||||
|
|
||||||
|
**Q: Can I participate if I’ve never made stir fry before?**
|
||||||
|
A: Absolutely! We’ll be sharing beginner-friendly recipes and hosting live demos to help everyone get started.
|
||||||
|
|
||||||
|
**Q: How will we decide the weekly themes?**
|
||||||
|
A: Themes will be chosen by community vote on our platform, so make sure to stay involved!
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
Thank you for supporting **"I Need Stir Fry on Friday"**! With your help, we can make Fridays more flavorful. Don’t forget to bring your wok and get ready to stir things up! 🔥🍲
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
**Let’s make Stir Fry Fridays a delicious new tradition!**
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `evGundfgMRZWCYsGF7GMKcgh6LjxDTFrvWRAhxiQS8h`
|
||||||
|
- Proposal number: 12
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-09-13
|
||||||
|
- Ended: 2024-09-09
|
||||||
|
|
@ -0,0 +1,133 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Treasury Proposal (Dean's List Proposal)"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h"
|
||||||
|
date: 2024-10-10
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Treasury Proposal (Dean's List Proposal)
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-10-10
|
||||||
|
- URL: https://www.futard.io/proposal/8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h
|
||||||
|
- Description: This proposal seeks to establish a reserve within the Dean's List treasury on Realms, aimed at ensuring financial stability and enabling long-term growth.
|
||||||
|
- Categories: {'category': 'Treasury'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to establish a treasury reserve funded by 2.5% of USDC payments to ensure financial stability and support long-term growth for the DAO. It emphasizes community engagement and transparency through regular performance reporting and asset risk scoring.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will benefit from improved financial security and the opportunity to influence treasury management decisions through community feedback.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The reserve could enhance the DAO's resilience during economic downturns while enabling growth through a diversified, low-risk asset portfolio.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal carries risks related to asset volatility and reliance on community input, which may affect decision-making and financial outcomes.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
This proposal seeks to establish a reserve within the Dean's List treasury on Realms, aimed at ensuring financial stability and enabling long-term growth. The reserve will be funded by allocating 2.5% of all USDC payments received by the DAO, with the treasury being managed by Kai (@DeFi\_Kai), and ongoing input and feedback from the community.
|
||||||
|
|
||||||
|
The reserved funds will be securely held in our **Mango Delegate Account via Realms**. Potential diversification options include low-risk assets like USDY (Yield-bearing USD) and riskier assets like JLP (Jupiter Liquidity Pools).
|
||||||
|
|
||||||
|
*Comprehensive reports will be provided for each asset in the portfolio.*
|
||||||
|
|
||||||
|
### Treasury Management & Oversight
|
||||||
|
|
||||||
|
To ensure transparency and accountability, it’s suggested that Kai’s role as Treasury Manager be subject to a quarterly review. At the end of each quarter, Kai will submit a comprehensive performance report and proposal. These reports will include a detailed analysis of the following:
|
||||||
|
|
||||||
|
- **PNL (Profit and Loss):** A breakdown of gains or losses incurred during the quarter.
|
||||||
|
- **Strategy Success Rates:** Evaluation of implemented strategies and their effectiveness.
|
||||||
|
- **Future Proposals:** Recommendations for any new strategies or changes based on market conditions and community feedback.
|
||||||
|
|
||||||
|
#### Whitelisted Assets
|
||||||
|
|
||||||
|
Each asset proposed for the treasury should be evaluated according to a risk score. The risk score is a value that rates assets from 0 (risky) to 1 (safe).
|
||||||
|
|
||||||
|
_The risk score (Rs) in this proposal is based on early calculations and methods that are still being worked on. While we plan to finish the full risk scoring system by next quarter, please note that the current numbers might not show all important risk factors yet_
|
||||||
|
|
||||||
|
$ Rs=(w1⋅Volatility)+(w2⋅Liquidity Risk)+(w3⋅Market Cap Risk)+(w4⋅Historical Drawdown Risk) $
|
||||||
|
|
||||||
|
- Volatility Weight (w1): 0.4
|
||||||
|
- Liquidity Risk Weight (w2): 0.2
|
||||||
|
- Market Cap Risk Weight (w3): 0.3
|
||||||
|
- Drawdown Risk Weight (w4): 0.1
|
||||||
|
|
||||||
|
**Volatility:** Historical standard deviation of daily returns (normalized as decimal i.e. 70% \= 0.7).
|
||||||
|
**Volume:** Measure trading volume relative to liquidity over the past 90 days. OR define a benchmark for volume and compare the asset's volume to the benchmark.
|
||||||
|
**Market Cap Risk:** Comparing asset market caps to a benchmark marketcap.
|
||||||
|
**Drawdown risk:** The largest percentage drop in the value of an asset from its peak to its trough. (normalized as decimal i.e. 70% \= 0.7)
|
||||||
|
|
||||||
|
**Assets with an RS \<= .5 are risky, and assets with an RS \>= .5 are considered safer.**
|
||||||
|
|
||||||
|
The portfolio will consist of an 80/20 split, with 80% of the portfolio being safe assets and the remaining 20% consisting of risky assets.
|
||||||
|
|
||||||
|
Any asset proposed by Dean’s List Citizens must be scored and compared to the current assets in the treasury. Before implementation, the asset will be judged on its ability to:
|
||||||
|
|
||||||
|
1. Increase overall returns.
|
||||||
|
2. Offer diversification (when required).
|
||||||
|
3. Replace a similar asset with a lower risk score.
|
||||||
|
|
||||||
|
The weight of the newly proposed asset (compared to the treasury) will be assessed to achieve the highest and safest returns.
|
||||||
|
|
||||||
|
## Budget
|
||||||
|
|
||||||
|
- Performance fee: 5% of the treasury's quarterly profit.
|
||||||
|
- At the end of each quarter, a 3-month vesting contract will be created, totaling 5% of the treasury's profits for the previous quarter.
|
||||||
|
|
||||||
|
### Goals of the Proposal:
|
||||||
|
|
||||||
|
1. Establish a Treasury Reserve:
|
||||||
|
1. Create a dedicated reserve fund to serve as a financial buffer for the DAO, particularly in "rainy day" scenarios (e.g., significant economic downturns, emergency DAO funding needs).
|
||||||
|
2. This reserve will focus on risk mitigation and capital preservation, ensuring that the DAO remains resilient in times of uncertainty.
|
||||||
|
2. Support DAO Longevity and Growth:
|
||||||
|
1. Enable potential growth of the reserve through a diversified, risk-averse portfolio, focusing on stable and USD-backed assets. This will allow the DAO to balance liquidity needs while pursuing low-risk yield opportunities.
|
||||||
|
3. Community Engagement and Feedback:
|
||||||
|
1. Community members will have the opportunity to contribute their perspectives and insights into asset diversification, helping guide treasury decisions to align with the collective best interests of the DAO.
|
||||||
|
|
||||||
|
#### TWAP
|
||||||
|
TWAP 3% Increase Requirement:
|
||||||
|
|
||||||
|
Current MCAP: 523k USDC
|
||||||
|
Target MCAP: 539k USDC
|
||||||
|
|
||||||
|
\$DEAN Price Prediction (3% TWAP):
|
||||||
|
|
||||||
|
Current \$DEAN Price: 0.005227 USDC
|
||||||
|
Target \$DEAN Price: 0.005383 USDC
|
||||||
|
|
||||||
|
### Deliverables for First Quarter (after proposal):
|
||||||
|
|
||||||
|
1. Define Rainy Day Scenarios:
|
||||||
|
1. Collaborate with the community to establish clear guidelines on what qualifies as a "rainy day" event, specifying the conditions in which the reserve can be accessed.
|
||||||
|
2. Produce Initial Treasury Reports:
|
||||||
|
1. Deliver comprehensive reports covering the following metrics:
|
||||||
|
1. Treasury growth since the reserve was established.
|
||||||
|
2. Current asset allocation and diversification.
|
||||||
|
1. Expected return calculation
|
||||||
|
2. Sharpe Ratio for Risk-adjusted Performance
|
||||||
|
3. Maximum Drawdown
|
||||||
|
3. Projections of future treasury growth based on ongoing strategies.
|
||||||
|
4. Actual returns vs. expected returns.
|
||||||
|
5. A summary of risk management efforts.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-10-14
|
||||||
|
- Ended: 2024-10-14
|
||||||
|
|
@ -0,0 +1,73 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Hire Advaith Sekharan as Founding Engineer?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
|
||||||
|
date: 2024-10-22
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Hire Advaith Sekharan as Founding Engineer?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-10-22
|
||||||
|
- URL: https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
|
||||||
|
- Description: Hire Advaith Sekharan as founding engineer
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Treasury'}
|
||||||
|
- Discussion: https://discord.gg/JeZpUBc8ab
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to hire Advaith Sekharan as a founding engineer with a salary of $180,000 per year and a fixed allocation of 237 META tokens, with specific vesting and unlocking criteria.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This hiring decision directly impacts the core team composition and operational capabilities of MetaDAO.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Adding a highly-engaged engineer could enhance MetaDAO's development capacity and innovation potential.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The long vesting period and clawback provisions may limit immediate access to incentives and could deter some potential candidates.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**Type**
|
||||||
|
Operations Direct Action
|
||||||
|
|
||||||
|
**Author(s)**
|
||||||
|
Nallok, Proph3t
|
||||||
|
|
||||||
|
**Overview**
|
||||||
|
As specified in “[MetaDAO Fundraise \#2](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX),” our goal is to build a core team in San Francisco. At this stage, we’ve found a highly-engaged candidate for the founding engineer role: Advaith Sekharan. We propose extending an offer to Advaith for $180,000 per year cash compensation and 1% of the token supply subject to the same terms as our [co-founder allocation](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
|
||||||
|
|
||||||
|
**Specifications**
|
||||||
|
The terms of its release would be the same as Nallok and Proph3t, except that the vest would begin in November 2024\. Specifically:
|
||||||
|
|
||||||
|
- **Fixed Token Allocation**: If you exclude DAO holdings, the supply of META is 19,755.7. If you include Nallok and Proph3t’s potential allocation, the supply of META is 23,705.7. 1% of that is 237 META. So Advaith’s allocation would be 237 META, fixed regardless of future dilution.
|
||||||
|
- **Linear Unlocks**: 100% would unlock at a \$5B market cap, with linear unlocks depending on price. For example, a \$500M market cap would release 10% of the allocation or 23.7 META.
|
||||||
|
- **Unlock Criteria**: Decided at a later date, potentially using a simple moving average (SMA) over a month or an option-based system.
|
||||||
|
- **Start Date**: November 2024 for the purposes of vesting. October 16th for the purposes of retroactive salary.
|
||||||
|
- **Vesting Period**: No tokens unlock before November 2028, no matter what milestones are hit. This signals long-term commitment to building the business.
|
||||||
|
- **Illiquid Vest**: The DAO can claw back all tokens until July 2025 (8 months from start). Thereafter, tokens vest into a smart contract / multisig that can't be accessed by Proph3t or Nallok.
|
||||||
|
- **Market Cap Definition**: \$1B market cap is defined as a price of \$42,198 per META. Payouts are based on the value per META, not total market capitalization.
|
||||||
|
|
||||||
|
[Github](https://github.com/advaith101)
|
||||||
|
|
||||||
|
[LinkedIn](https://www.linkedin.com/in/advaith-sekharan-78b52b277/)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2`
|
||||||
|
- Proposal number: 7
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `613BRiXuAEn7vibs2oAYzpGW9fXgjzDNuFMM4wPzLdY`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-10-26
|
||||||
|
- Ended: 2024-10-26
|
||||||
|
|
@ -0,0 +1,75 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Increase ORE-SOL LP boost multiplier to 6x"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC"
|
||||||
|
date: 2024-10-22
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: ORE
|
||||||
|
- Proposal: Increase ORE-SOL LP boost multiplier to 6x
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-10-22
|
||||||
|
- URL: https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC
|
||||||
|
- Description: This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to increase the ORE-SOL LP boost multiplier from 4x to 6x to enhance liquidity, gather data on boost impacts, and explore the application of futarchy within the ORE community.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Liquidity providers may benefit from increased incentives, potentially leading to a more robust trading environment.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The higher multiplier could attract more liquidity, improving market depth and overall trading efficiency.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Increasing the multiplier may not adequately mitigate the risks faced by liquidity providers, potentially leading to reduced participation if market volatility persists.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
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.
|
||||||
|
* Liquidity providers take on a lot of risk, especially for volatile trading pairs such as ORE and SOL. To increase liquidity in these markets, the incentives for liquidity providers have to counterbalance the risks.
|
||||||
|
* By increasing the ORE-SOL LP multiplier to 6x, we can offer greater incentives for ORE-SOL liquidity providers and potentially increase the overall market depth.
|
||||||
|
2. Gather data to understand how changes in boost multipliers affect the liquidity.
|
||||||
|
* Boosts are only 1 week old. The passing of this proposal would mark the first time any multiplier has been changed.
|
||||||
|
* By increasing the ORE-SOL LP multiplier to 6x, we can gather more data from the market and better understand how changes to boosts multipliers affect the overall ORE liquidity network.
|
||||||
|
3. Introduce futarchy to the ORE community.
|
||||||
|
* Futarchy has recently emerged as a novel governance mechanism for teams across crypto. It has potential applications for ORE ranging from small operational decisions to the management of critical systems such as the supply function.
|
||||||
|
* Futarchy is still a very nascent technology and before we can seriously consider integrating it into critical ORE systems, we need to understand it better. This proposal is intended to serve as a low-risk testrun for the ORE community to learn more about futarchy and how it works.
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-10-26
|
||||||
|
- Ended: 2024-10-26
|
||||||
|
|
@ -0,0 +1,94 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Swap $150,000 into ISC?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
|
||||||
|
date: 2024-10-30
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Swap $150,000 into ISC?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-10-30
|
||||||
|
- URL: https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ
|
||||||
|
- Description: If executed, this proposal would convert $150,000 of MetaDAO's treasury into $ISC, a Solana-native stablecoin
|
||||||
|
- Categories: {'category': 'Treasury'}
|
||||||
|
- Discussion: https://discord.gg/V4TSWuCc3X
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
MetaDAO proposes to swap $150,000 USDC (approximately 6.8% of its treasury) for ISC to hedge against dollar devaluation and encourage other DAOs to adopt similar treasury strategies.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This move aims to protect MetaDAO's treasury value while potentially benefiting other DAOs through the promotion of innovative governance structures.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Holding ISC may help maintain the value of MetaDAO's treasury over time due to its inflation-resistant design.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal carries risks such as the potential for ISC to lose value against the USD, given its nascent stage and smaller market presence compared to USDC.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**Type**
|
||||||
|
Operations Direct Action
|
||||||
|
|
||||||
|
**Author(s)**
|
||||||
|
@Richard_ISC
|
||||||
|
|
||||||
|
**Overview**
|
||||||
|
|
||||||
|
MetaDAO has approximately \$2.2M in USDC in its treasury.
|
||||||
|
|
||||||
|
This poses a risk to the DAO given that the US Dollar has been losing value at an increasing rate. The dollar has lost 17.8% of its value since 2020. Due to the debt situation, we don’t expect this to be resolved soon, if ever.
|
||||||
|
|
||||||
|
\$ISC was built specifically to solve this issue. ISC is an inflation-resistant stable currency built on Solana. It was launched at the Solana Hacker House in HCMC on 2023-03-17 at a price of \$1.545. It is now trading at \$1.81.
|
||||||
|
|
||||||
|
Not pegged to USD, ISC is collateralized by a basket of financial assets. This basket consists of 20% cash, 20% commodities, 20% treasuries, 20% bonds, and 20% equities.
|
||||||
|
|
||||||
|
If the proposal passes, MetaDAO will swap 150,000 USDC of its treasury (~6.8%) for ISC.
|
||||||
|
|
||||||
|
Details:
|
||||||
|
|
||||||
|
MetaDAO would execute a DCA order on jup.ag using the following parameters:
|
||||||
|
|
||||||
|
|
||||||
|
Amount: 150,000 USDC
|
||||||
|
To buy: ISC
|
||||||
|
Every: 1 hours
|
||||||
|
Over: 10 orders
|
||||||
|
Min price: 1.7
|
||||||
|
Max Price: 1.9
|
||||||
|
|
||||||
|
The ISC team would encourage other DAOs to use MetaDAO Futarchy for similar treasury swap proposals. This could easily turn into a win-win-win.
|
||||||
|
|
||||||
|
Once the ISC DAO is set up, ISC would commit to use MetaDAO for part of its governance. Example proposals that we have in mind:
|
||||||
|
- Remove Freeze authority
|
||||||
|
- Changes in the basket
|
||||||
|
|
||||||
|
Potential advantages:
|
||||||
|
- MetaDAO maintains its treasury value over time
|
||||||
|
- Promotes other new Solana-native projects
|
||||||
|
- Showcase a simple Futarchy proposal for other DAOs to follow
|
||||||
|
|
||||||
|
Potential pitfalls:
|
||||||
|
- ISC is still small and early compared to USDC
|
||||||
|
- ISC could lose value to the USD
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ`
|
||||||
|
- Proposal number: 8
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-03
|
||||||
|
- Ended: 2024-11-03
|
||||||
|
|
@ -0,0 +1,94 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Initiate Liquidity Farming for $FUTURE on Raydium"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/HiNWH2uKxjrmqZjn9mr8vWu5ytp2Nsz6qLsHWa5XQ1Vm"
|
||||||
|
date: 2024-11-08
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: FutureDAO
|
||||||
|
- Proposal: Initiate Liquidity Farming for $FUTURE on Raydium
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-11-08
|
||||||
|
- URL: https://www.futard.io/proposal/HiNWH2uKxjrmqZjn9mr8vWu5ytp2Nsz6qLsHWa5XQ1Vm
|
||||||
|
- Description: This proposal seeks to kick off liquidity farming for $FUTURE by creating a Raydium farm.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal aims to enhance liquidity for the \$FUTURE token by establishing a Raydium farm, allocating 1% of the total token supply as rewards for liquidity providers.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Liquidity providers will benefit from incentives to participate in the \$FUTURE farm, leading to improved trading conditions.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Increased liquidity is expected to reduce slippage and enhance trading experiences for all users of the \$FUTURE token.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal carries risks related to the volatility of the \$FUTURE token and potential low participation from liquidity providers, which could undermine the intended liquidity enhancements.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Proposal: Initiate Liquidity Farming for $FUTURE on Raydium
|
||||||
|
|
||||||
|
### TLDR
|
||||||
|
This proposal seeks to kick off liquidity farming for \$FUTURE by creating a Raydium farm, allocating 1% of the total token supply as rewards to incentivize liquidity providers. By establishing a \$FUTURE-stable asset pool on Raydium, we aim to enhance token liquidity, improve trading experiences, and drive community engagement. Approval of this proposal will allow FutureDAO to proceed with setting up the farm, configuring rewards, and initiating the farming period.
|
||||||
|
|
||||||
|
### Objective
|
||||||
|
To enhance liquidity for the \$FUTURE token by establishing a Raydium farm, allocating 1% of the total \$FUTURE supply as rewards to incentivize liquidity providers.
|
||||||
|
|
||||||
|
### Background
|
||||||
|
Liquidity is vital for the seamless trading and adoption of any token. By setting up a farm on Raydium, we aim to attract liquidity providers, thereby improving the trading experience and fostering greater engagement with the \$FUTURE token.
|
||||||
|
|
||||||
|
### Proposal Details
|
||||||
|
|
||||||
|
1. **Allocation of Rewards**
|
||||||
|
- Dedicate 1% of the total \$FUTURE token supply as rewards for liquidity providers participating in the Raydium farm.
|
||||||
|
|
||||||
|
2. **Farm Configuration**
|
||||||
|
- **Token Pair**: \$FUTURE and a stable asset (e.g., USDC) to ensure stability and appeal to liquidity providers.
|
||||||
|
- **Fee Tier Selection**: Choose an appropriate fee tier based on the volatility and trading volume of the \$FUTURE token. Raydium offers fee tiers of 0.01%, 0.05%, 0.25%, and 1%.
|
||||||
|
- **Starting Price and Initial Liquidity**: Determine the initial price and provide sufficient liquidity to support trading activities.
|
||||||
|
|
||||||
|
3. **Duration and Emission Rate**
|
||||||
|
- **Farming Period**: Set a farming period between 7 to 90 days, as per Raydium's guidelines.
|
||||||
|
- **Emission Rate**: Calculate the daily reward distribution to ensure consistent incentives throughout the farming period.
|
||||||
|
|
||||||
|
4. **Implementation Steps**
|
||||||
|
- **Pool Creation**: Create a Concentrated Liquidity Market Maker (CLMM) pool on Raydium for the \$FUTURE-stable asset pair.
|
||||||
|
- **Farm Creation**: Establish a farm linked to the CLMM pool, specifying the reward tokens, emission rate, and duration.
|
||||||
|
- **Monitoring and Management**: Regularly monitor the farm's performance and make necessary adjustments to optimize liquidity and participation.
|
||||||
|
|
||||||
|
### Expected Outcomes
|
||||||
|
- **Enhanced Liquidity**: Increased liquidity for \$FUTURE, leading to reduced slippage and improved trading experiences.
|
||||||
|
- **Community Engagement**: Attract new community members and incentivize existing holders to contribute to the ecosystem.
|
||||||
|
- **Token Visibility**: Elevate the profile of \$FUTURE within the DeFi community through active participation on Raydium.
|
||||||
|
|
||||||
|
### Budget
|
||||||
|
- **Reward Allocation**: 1% of the total \$FUTURE supply.
|
||||||
|
- **Operational Costs**: Transaction fees associated with pool and farm creation on the Solana network. According to Raydium's documentation, the average total cost for creating a CLMM pool is approximately 0.1 SOL.
|
||||||
|
|
||||||
|
### Conclusion
|
||||||
|
Establishing a Raydium farm for \$FUTURE with 1% of the total supply as rewards is a strategic initiative to boost liquidity, enhance trading experiences, and foster community engagement. This proposal seeks approval to proceed with the outlined plan.
|
||||||
|
|
||||||
|
### References
|
||||||
|
- [Creating a CLMM Pool and Farm - Raydium Documentation](https://docs.raydium.io/raydium/pool-creation/creating-a-clmm-pool-and-farm)
|
||||||
|
- [Pool Creation Fees - Raydium Documentation](https://docs.raydium.io/raydium/pool-creation/pool-creation-fees)
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `HiNWH2uKxjrmqZjn9mr8vWu5ytp2Nsz6qLsHWa5XQ1Vm`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-11
|
||||||
|
- Ended: 2024-11-11
|
||||||
|
|
@ -0,0 +1,68 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Cut emissions by 50%?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy"
|
||||||
|
date: 2024-11-13
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: coal
|
||||||
|
- Proposal: Cut emissions by 50%?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-11-13
|
||||||
|
- URL: https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy
|
||||||
|
- Description: Should coal cut emissions rate by 50%?
|
||||||
|
- Categories: {'category': 'Program'}
|
||||||
|
- Discussion: https://discord.gg/9SBhjCS9pN
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to reduce the emission rate from 15.625 to 7.8125 per minute, effectively halving the target emissions, and establish a bi-monthly decision market for future adjustments.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders may benefit from a more sustainable framework by reducing emissions, but they could face adjustments that impact supply dynamics.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
A successful reduction in the emission rate could lead to improved environmental outcomes and greater market stability.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Failure to pass the proposal will maintain higher emissions, potentially leading to negative long-term environmental and market consequences.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
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%.
|
||||||
|
|
||||||
|
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%
|
||||||
|
|
||||||
|
This schedule was initially established after launch as a temporary framework and was never intended to be a long-term solution.
|
||||||
|
|
||||||
|
Moving forward, we’ll conduct bi-monthly decision markets to guide adjustments to the emission rate.
|
||||||
|
|
||||||
|
## Details
|
||||||
|
|
||||||
|
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.
|
||||||
|
|
||||||
|
A follow-up decision market will be held in early January, approximately two months from now, to determine the next rate adjustment.
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-17
|
||||||
|
- Ended: 2024-11-17
|
||||||
|
|
@ -0,0 +1,89 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Adopt a sublinear supply function?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L"
|
||||||
|
date: 2024-11-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: ORE
|
||||||
|
- Proposal: Adopt a sublinear supply function?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-11-18
|
||||||
|
- URL: https://www.futard.io/proposal/5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L
|
||||||
|
- Description: Should ORE migrate to a deflationary emissions curve and reduce the supply cap to 5m tokens?
|
||||||
|
- Categories: {'category': 'Governance'}, {'category': 'Program'}
|
||||||
|
- Discussion: https://discord.gg/hRBrVmf48q
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal suggests reducing ORE's supply cap from 21 million to 5 million tokens and implementing a 10% annual reduction in emissions rate.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This change aims to enhance token scarcity, potentially benefiting current holders and attracting new investors.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
A deflationary emissions curve could lead to increased demand and higher token value over time.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The significant reduction in supply may create uncertainty in the market and could negatively affect liquidity.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
Should ORE migrate to a deflationary emissions curve and reduce the supply cap to 5m tokens?
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
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 would like to propose the following changes be made:
|
||||||
|
|
||||||
|
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 famously popular 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. .ORE's supply schedule would roughly follow the timeline outlined in the table below and reach full dilution by approximately 2052.
|
||||||
|
|
||||||
|
| Year | Circulating | Dilution |
|
||||||
|
| ---- | ----------- | -------- |
|
||||||
|
| ~5 | 2.5m | 50% |
|
||||||
|
| ~18 | 4.5m | 90% |
|
||||||
|
| ~28 | 5m | 100% |
|
||||||
|
|
||||||
|
We believe these changes strike an ideal balance between all the competing value sets in the ORE community:
|
||||||
|
|
||||||
|
- It reduces FDV to address sticker shock of buyers.
|
||||||
|
- It introduces a deflationary curve that decays faster than Bitcoin.
|
||||||
|
- It caps the supply an order of magnitude more scarce than Bitcoin.
|
||||||
|
- It provides ~30 years of mining runway for onboarding initiatives 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.
|
||||||
|
|
||||||
|
To discuss this proposal, join the Discord and let your voice be heard.
|
||||||
|
[https://discord.com/channels/1226038272673841236/1306330694917554257](https://discord.com/channels/1226038272673841236/1306330694917554257)
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-22
|
||||||
|
- Ended: 2024-11-22
|
||||||
29
inbox/archive/2024-11-21-futardio-proposal-proposal-13.md
Normal file
29
inbox/archive/2024-11-21-futardio-proposal-proposal-13.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #13"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/ApywwMrE9vkWiatZwQVU6wdvNsHrYZkhegNCV5XDZ8yV"
|
||||||
|
date: 2024-11-21
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #13
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-11-21
|
||||||
|
- URL: https://www.futard.io/proposal/ApywwMrE9vkWiatZwQVU6wdvNsHrYZkhegNCV5XDZ8yV
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `ApywwMrE9vkWiatZwQVU6wdvNsHrYZkhegNCV5XDZ8yV`
|
||||||
|
- Proposal number: 13
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `xwQTt7R68Vsxco819EBqK3itgn9osQc6M2Z1DjwUqmk`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-25
|
||||||
|
- Ended: 2024-11-25
|
||||||
29
inbox/archive/2024-11-21-futardio-proposal-proposal-14.md
Normal file
29
inbox/archive/2024-11-21-futardio-proposal-proposal-14.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #14"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/B4zpF4iHeF91qq8Szb9aD6pW1DrwSy6djD4QPWJQn3dW"
|
||||||
|
date: 2024-11-21
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #14
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-11-21
|
||||||
|
- URL: https://www.futard.io/proposal/B4zpF4iHeF91qq8Szb9aD6pW1DrwSy6djD4QPWJQn3dW
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `B4zpF4iHeF91qq8Szb9aD6pW1DrwSy6djD4QPWJQn3dW`
|
||||||
|
- Proposal number: 14
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `xwQTt7R68Vsxco819EBqK3itgn9osQc6M2Z1DjwUqmk`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-25
|
||||||
|
- Ended: 2024-11-25
|
||||||
|
|
@ -0,0 +1,50 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should MetaDAO create Futardio?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/zN9Uft1zEsh9h7Wspeg5bTNirBBvtBTaJ6i5KcEnbAb"
|
||||||
|
date: 2024-11-21
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Should MetaDAO create Futardio?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-11-21
|
||||||
|
- URL: https://www.futard.io/proposal/zN9Uft1zEsh9h7Wspeg5bTNirBBvtBTaJ6i5KcEnbAb
|
||||||
|
- Description: Futardio is a great idea and needs to happen
|
||||||
|
- Categories: {'category': 'Program'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal advocates for the creation of Futardio by MetaDAO, emphasizing its necessity and potential benefits.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders may experience enhanced engagement and innovation through the implementation of Futardio.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Futardio has the potential to drive growth and attract new participants to the MetaDAO ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the initiative may not gain sufficient support or resources, leading to ineffective execution.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Futardio is a great idea and needs to happen
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `zN9Uft1zEsh9h7Wspeg5bTNirBBvtBTaJ6i5KcEnbAb`
|
||||||
|
- Proposal number: 15
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `xwQTt7R68Vsxco819EBqK3itgn9osQc6M2Z1DjwUqmk`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-25
|
||||||
|
- Ended: 2024-11-25
|
||||||
|
|
@ -0,0 +1,61 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Launch a boost for HNT-ORE?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A"
|
||||||
|
date: 2024-11-25
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: ORE
|
||||||
|
- Proposal: Launch a boost for HNT-ORE?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-11-25
|
||||||
|
- URL: https://www.futard.io/proposal/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A
|
||||||
|
- Description: 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.
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/gyAUajbZ6f
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to launch a liquidity boost for the HNT-ORE pair to enhance liquidity in the ORE network, establish a 3-tier boost multiplier system, and position ORE as a competitive unit in the Solana DeFi ecosystem.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative would benefit liquidity providers and traders by increasing the depth and diversity of liquidity available in the ORE network.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
By integrating HNT into the ORE liquidity network, the proposal could attract more users and increase trading volume, enhancing ORE's market position.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The reliance on HNT's performance and market acceptance poses a risk, as any decline in HNT's value or utility could adversely affect the liquidity and stability of the ORE network.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
Should ORE launch a boost for HNT-ORE liquidity?
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
|
||||||
|
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](https://helium.com) 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. It is used to reward hotspot operators who maintain network coverage, and spent by customers who connect devices and build IoT applications on the Helium network. With the passing of [HIP-138](https://blog.helium.com/hip-138-tl-dr-hnt-is-back-return-to-simplicity-994a32639dda?gi=c85a1928bfce), 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. Specifically, the HNT-ORE boost would apply to kTokens representing shares in a Kamino vault managing a concentrated liquidity position on Orca. We would additionally commit to formalizing a 3-tier system for boosts multipliers. The first tier would apply to vanilla ORE stake. The second tier for critical liquidity pairs such as SOL-ORE and USDC-ORE. And a third tier for extended liquidity pairs such as ISC-ORE, HNT-ORE, and others. Future proposals to change boost multipliers would apply to a tier as a whole. This 3-tier system would simplify community proposals to manage boost multipliers in the future.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `EttCec7x4r227dbQ8BYUVtqizDdD6T3WQHGHWKdzJrCc`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-28
|
||||||
|
- Ended: 2024-11-28
|
||||||
|
|
@ -0,0 +1,96 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Prioritize Listing META?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/FXkyJpCVADXS6YZcz1Kppax8Kgih23t6yvze7ehELJpp"
|
||||||
|
date: 2024-11-25
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Prioritize Listing META?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-11-25
|
||||||
|
- URL: https://www.futard.io/proposal/FXkyJpCVADXS6YZcz1Kppax8Kgih23t6yvze7ehELJpp
|
||||||
|
- Description: Drift is evaluating the use of futarchy for token listing. Should this proposal pass, the META token will be prioritized to be listed on Drift for Spot and Perp trading.
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/3Zz9YuM468
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal seeks to prioritize the listing of the META token on Drift for Spot and Perp trading, leveraging futarchy to enhance governance participation and decision-making efficiency within the Drift ecosystem.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The listing of META aims to empower Drift's community by increasing governance participation and enhancing trading opportunities.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could lead to increased liquidity and trading volume for both META and Drift, fostering a more engaged user base and better decision-making processes.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal faces significant risks due to META's low on-chain liquidity and trading volume, which may result in high volatility and susceptibility to price manipulation.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**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 |
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `FXkyJpCVADXS6YZcz1Kppax8Kgih23t6yvze7ehELJpp`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `8ABcEC2SEaqi1WkyWGtd2QbuWmkFryYnV1ispBUSgY2V`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-11-28
|
||||||
|
- Ended: 2024-11-28
|
||||||
|
|
@ -0,0 +1,124 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Approve Dean's List Treasury Management?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1"
|
||||||
|
date: 2024-12-02
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Approve Dean's List Treasury Management?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-12-02
|
||||||
|
- URL: https://www.futard.io/proposal/4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1
|
||||||
|
- Description: The longevity of the DAO depends on maintaining financial stability through stable reserves.
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Treasury'}
|
||||||
|
- Discussion: https://discord.gg/kex9sSW46x
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to convert Dean's List DAO treasury assets into stablecoins to enhance financial stability, increase the probability of survival from 50% to 90%, and positively impact the Fully Diluted Valuation (FDV) by 5% to 20%.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This strategy provides stakeholders with greater confidence in the DAO's financial health and operational sustainability.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The conversion to stablecoins could increase the FDV from $500,000 to a range of $525,000–$600,000, reflecting improved market perception.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
While the proposal reduces volatility risk, it may limit potential gains from higher-risk assets if market conditions improve.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Impact of De-Risking DL DAO Treasury on Longevity and FDV
|
||||||
|
|
||||||
|
### 1. Longevity Analysis
|
||||||
|
|
||||||
|
The longevity of the DAO depends on maintaining financial stability through stable reserves. The treasury, valued between $75,000 and $87,000 at $350 SOL (without DEAN in consideration), is proposed to be converted into stablecoins to reduce risk.
|
||||||
|
|
||||||
|
### Longevity Benefits
|
||||||
|
|
||||||
|
1. **Reduction in Risk:** Stablecoins provide immunity to SOL and SPL tokens price volatility, securing the treasury's value.
|
||||||
|
2. **Operational Buffer:** Locking in $75,000–$87,000 ensures predictable funding for operations and development.
|
||||||
|
|
||||||
|
**Probability of survival:**
|
||||||
|
|
||||||
|
- **Before de-risking:** 50% (subject to market volatility).
|
||||||
|
|
||||||
|
- **After de-risking:** 90% (stable reserves secured).
|
||||||
|
|
||||||
|
Thus, de-risking increases the probability of DAO longevity by 40 percentage points (from 50% to 90%).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
*credits - @BearUntied*
|
||||||
|
|
||||||
|
### 2. Impact on Fully Diluted Valuation
|
||||||
|
|
||||||
|
The current FDV is $500,000 (Conservative FDV to accommodate proposal duration). De-risking the treasury by converting to stablecoins positively impacts market perception, reflecting the DAO’s financial prudence. Investors may attribute higher value due to reduced uncertainty.
|
||||||
|
|
||||||
|
De-risking results in a confidence boost, modeled as a percentage increase in FDV. Two scenarios were calculated:
|
||||||
|
|
||||||
|
1. **Low Confidence Boost (5%):**
|
||||||
|
|
||||||
|
- **Updated FDV:** $500,000 × (1 + 0.05) = $525,000
|
||||||
|
|
||||||
|
- **Percentage Increase:** (525,000 - 500,000) / 500,000 × 100 = 5%
|
||||||
|
|
||||||
|
2. **High Confidence Boost (20%):**
|
||||||
|
|
||||||
|
- **Updated FDV:** $500,000 × (1 + 0.20) = $600,000
|
||||||
|
|
||||||
|
- **Percentage Increase:** (600,000 - 500,000) / 500,000 × 100 = 20%
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
*credits - @BearUntied*
|
||||||
|
|
||||||
|
### 3. TWAP Calculation
|
||||||
|
|
||||||
|
We require TWAP > 3% for the proposal to pass:
|
||||||
|
|
||||||
|
**DL DAO FDV:** $500,000
|
||||||
|
|
||||||
|
**DL DAO FDV + 3%:** $515,000
|
||||||
|
|
||||||
|
The potential increase from de-risking our treasuries is well above the TWAP requirements.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
*credits - @BearUntied*
|
||||||
|
|
||||||
|
### 4. Combined Analysis and Conclusion
|
||||||
|
|
||||||
|
De-risking the treasury by converting risky assets to stablecoins significantly enhances the DAO’s probability of survival and positively impacts FDV:
|
||||||
|
|
||||||
|
- **Longevity Probability Increase:** From 50% to 90% (+40%).
|
||||||
|
|
||||||
|
- **FDV Increase:** $500,000 to a range of $525,000–$600,000 (5%–20% increase).
|
||||||
|
|
||||||
|
This strategy ensures financial stability while signaling prudence to investors, promoting the DAO's growth and resilience.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
*credits - @BearUntied*
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-12-05
|
||||||
|
- Ended: 2024-12-05
|
||||||
|
|
@ -0,0 +1,59 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Launch a boost for USDC-ORE?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N"
|
||||||
|
date: 2024-12-04
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: ORE
|
||||||
|
- Proposal: Launch a boost for USDC-ORE?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-12-04
|
||||||
|
- URL: https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N
|
||||||
|
- Description: Should ORE launch a boost for USDC-ORE liquidity?
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
- Discussion: https://discord.gg/Yft6W4zmeR
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to launch a USDC-ORE liquidity incentive to enhance liquidity for ORE and establish a USDC-ORE vault on Kamino with a boost multiplier similar to ORE-SOL.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This initiative will likely benefit liquidity providers and ORE holders by improving trading conditions and market depth for ORE.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Increasing liquidity through the USDC-ORE pair could attract more users and investors to the ORE ecosystem, enhancing its market presence.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal may expose ORE to market volatility associated with USDC, which could impact the stability of the liquidity provided.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
Should ORE launch a boost incentive for USDC-ORE liquidity?
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-12-07
|
||||||
|
- Ended: 2024-12-07
|
||||||
|
|
@ -0,0 +1,73 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Establish Development Fund?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
|
||||||
|
date: 2024-12-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: coal
|
||||||
|
- Proposal: Establish Development Fund?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2024-12-05
|
||||||
|
- URL: https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
|
||||||
|
- Description: Should COAL establish a development fund?
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/YeJTmTqQG4
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Establish a Development Fund through a 4.2% emissions allocation to support protocol development, reward community contributions, and enable marketing initiatives for the \$COAL ecosystem.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This proposal provides a structured funding mechanism that benefits community members and developers by rewarding contributions and fostering innovation.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The fund has the potential to enhance project sustainability and growth, leading to a more robust \$COAL ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Implementing the fund may dilute mining rewards and could create tension among miners if perceived as reducing their share of emissions.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Overview
|
||||||
|
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.
|
||||||
|
|
||||||
|
To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**.
|
||||||
|
|
||||||
|
This fund will:
|
||||||
|
- Support on-going protocol development and innovation
|
||||||
|
- Reward community-driven initiatives and contributions
|
||||||
|
- Enable marketing and growth initiatives to expand the \$COAL ecosystem
|
||||||
|
|
||||||
|
## Details
|
||||||
|
The emissions allocation will be 4.2% of the current mining emission rate:
|
||||||
|
|
||||||
|
11,250 * 0.042 = 472.5 (development allocation per day)
|
||||||
|
|
||||||
|
To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.
|
||||||
|
|
||||||
|
The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.
|
||||||
|
|
||||||
|
#### Example for Future Adjustments:
|
||||||
|
If the emission rate were adjusted to 10,000 \$COAL/day:
|
||||||
|
- Mining rewards: 9,580 \$COAL/day
|
||||||
|
- Development allocation: 420 \$COAL/day
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
|
||||||
|
- Proposer: `AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-12-08
|
||||||
|
- Ended: 2024-12-08
|
||||||
|
|
@ -0,0 +1,178 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Implement 3-Week Vesting for DAO Payments to Strengthen Ecosystem Stability and Enhance Valuation?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK"
|
||||||
|
date: 2024-12-16
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Implement 3-Week Vesting for DAO Payments to Strengthen Ecosystem Stability and Enhance Valuation?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-12-16
|
||||||
|
- URL: https://www.futard.io/proposal/C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK
|
||||||
|
- Description: Should Dean's List DAO Implement 3-Week Vesting for DAO Payments to Strengthen Ecosystem Stability and Enhance Valuation?
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Governance'}
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to implement a 3-week vesting period for DAO payments to reduce immediate sell pressure, discourage market manipulation, and create a more stable ecosystem for sustainable growth.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Recipients of DAO payments will be incentivized to hold their tokens longer, aligning their interests with the DAO's long-term success.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The vesting mechanism could lead to a 15%-25% increase in the DAO’s valuation due to reduced sell pressure and improved market sentiment.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
If market conditions do not improve or if stakeholders resist the change, the expected benefits of reduced volatility and increased valuation may not materialize.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
### Summary
|
||||||
|
|
||||||
|
This proposal introduces a 3-week vesting period for all DAO payments, where payments will unvest linearly starting from day 1. This mechanism aims to strengthen the DAO's tokenomics, reduce market volatility, and position the DAO for sustainable growth.
|
||||||
|
|
||||||
|
### Rationale
|
||||||
|
|
||||||
|
The current structure of immediate payments introduces potential risks that could affect the DAO's token valuation and overall market stability. By transitioning to a 3-week vesting mechanism, we can mitigate these risks while promoting a more robust and predictable ecosystem.
|
||||||
|
|
||||||
|
The primary goals of this proposal are to:
|
||||||
|
|
||||||
|
1. **Discourage Market Manipulation**
|
||||||
|
|
||||||
|
Vesting ensures that payment recipients cannot immediately liquidate their tokens, reducing the likelihood of large trades impacting market dynamics. This also minimizes scenarios where trade delegates and sellers interact unfavorably in order books, preserving market integrity.
|
||||||
|
|
||||||
|
2. **Support Price Growth**
|
||||||
|
|
||||||
|
By slowing the release of tokens back into circulation, vesting creates a buffer period that allows the DAO's token price to stabilize and potentially grow. The reduced immediate supply of tokens can enhance confidence among market participants, fostering a positive valuation trajectory.
|
||||||
|
|
||||||
|
### Implementation Details
|
||||||
|
|
||||||
|
- **Vesting Schedule:**
|
||||||
|
|
||||||
|
All payments made by the DAO, including rewards and compensations, will vest over a 3-week period. The vesting will follow a linear schedule, where a proportional amount of tokens will unvest daily starting from day 1.
|
||||||
|
|
||||||
|
- **Mechanism:**
|
||||||
|
|
||||||
|
Payments will be distributed via a token streaming contract. This ensures that recipients gain incremental access to their tokens, maintaining liquidity while aligning their interests with the DAO's long-term growth.
|
||||||
|
|
||||||
|
### Benefits
|
||||||
|
|
||||||
|
1. **Increased DAO Valuation**
|
||||||
|
|
||||||
|
The vesting mechanism encourages recipients to hold their tokens longer, reducing immediate sell pressure. This stability can contribute to more consistent token demand, positively influencing the DAO's valuation.
|
||||||
|
|
||||||
|
2. **Aligned Incentives**
|
||||||
|
|
||||||
|
Recipients of DAO payments will have a vested interest in the success of the DAO over the vesting period. This aligns their motivations with the DAO’s long-term objectives, creating a more cohesive and engaged community.
|
||||||
|
|
||||||
|
3. **Market Confidence**
|
||||||
|
|
||||||
|
A controlled token release mechanism signals to the market that the DAO is committed to sustainable growth and responsible token distribution. This can attract new participants and investors seeking long-term value creation.
|
||||||
|
|
||||||
|
### Expected Outcomes
|
||||||
|
|
||||||
|
By implementing this vesting mechanism, we anticipate the following positive outcomes:
|
||||||
|
|
||||||
|
- A reduction in short-term market volatility.
|
||||||
|
- Gradual and sustained price appreciation for the DAO’s token.
|
||||||
|
- Enhanced community trust and broader participation in DAO activities.
|
||||||
|
|
||||||
|
### Valuation Assumtions & Calculations
|
||||||
|
|
||||||
|
If the **current selling pressure is 80%**, meaning that 80% of the DAO's payments are immediately sold into the market, this significantly increases the impact of sell pressure on the token price and amplifies the potential benefits of the proposed vesting mechanism.
|
||||||
|
|
||||||
|
### Assumptions:
|
||||||
|
|
||||||
|
1. **Weekly Payments and Liquidations**:
|
||||||
|
- Weekly payments = **3,000 USDC worth of tokens**.
|
||||||
|
- Current selling pressure = **80%**, or **2,400 USDC** of tokens sold weekly.
|
||||||
|
|
||||||
|
With vesting, only **33% of payments would be liquidated each week** (as payments are streamed linearly over 3 weeks). This reduces sell pressure to **1,000 USDC per week**, a reduction of **1,400 USDC** weekly.
|
||||||
|
|
||||||
|
2. **Sell Pressure Reduction Impact**:
|
||||||
|
- **Immediate Sell Pressure Reduction** = **1,400 USDC/week**.
|
||||||
|
- Over 3 weeks, this reduction totals **4,200 USDC**, or approximately **0.81% of the DAO's total market capitalization (518k USDC)**.
|
||||||
|
|
||||||
|
In small token markets, even modest reductions in sell pressure (1%-2% of market cap) can lead to price increases due to increased scarcity and reduced downward price pressure.
|
||||||
|
|
||||||
|
3. **Price Sensitivity**:
|
||||||
|
|
||||||
|
A reduction of 1%-2% of market cap in sell pressure could reasonably lead to a **10%-20% price increase**, depending on the market depth and token liquidity.
|
||||||
|
|
||||||
|
4. **Demand Growth**:
|
||||||
|
|
||||||
|
The improved sentiment and confidence generated by vesting could lead to **5%-10% additional demand growth**, compounding the price increase.
|
||||||
|
|
||||||
|
### Recalculated Projections:
|
||||||
|
|
||||||
|
### Conservative Scenario:
|
||||||
|
|
||||||
|
- **Sell Pressure Reduction Impact**: 10% price increase.
|
||||||
|
- **Demand Growth**: 5% price increase.
|
||||||
|
- **Total Price Increase = 10% + 5% = 15%.**
|
||||||
|
|
||||||
|
New Valuation = **518k × 1.15 = 595.7k USDC**
|
||||||
|
|
||||||
|
**Increase = 77.7k USDC (15% growth).**
|
||||||
|
|
||||||
|
### Optimistic Scenario:
|
||||||
|
|
||||||
|
- **Sell Pressure Reduction Impact**: 15% price increase.
|
||||||
|
- **Demand Growth**: 10% price increase.
|
||||||
|
- **Total Price Increase = 15% + 10% = 25%.**
|
||||||
|
|
||||||
|
New Valuation = **518k × 1.25 = 647.5k USDC**
|
||||||
|
|
||||||
|
**Increase = 129.5k USDC (25% growth).**
|
||||||
|
|
||||||
|
### Summary of Outcomes:
|
||||||
|
|
||||||
|
| Scenario | Price Increase | New Valuation (USDC) | Increase (USDC) |
|
||||||
|
| --- | --- | --- | --- |
|
||||||
|
| Conservative | 15% | 595.7k | 77.7k |
|
||||||
|
| Optimistic | 25% | 647.5k | 129.5k |
|
||||||
|
|
||||||
|
### Why This Matters:
|
||||||
|
|
||||||
|
1. **High Selling Pressure (80%)**:
|
||||||
|
|
||||||
|
The current market dynamics show significant downward pressure from token recipients immediately selling their payments. By introducing vesting, this pressure is reduced by **58% weekly** (from 2,400 USDC to 1,000 USDC), which stabilizes the market.
|
||||||
|
|
||||||
|
2. **Scarcity Drives Growth**:
|
||||||
|
|
||||||
|
Reduced sell pressure leads to a tighter token supply, allowing organic demand to grow without immediate liquidation absorbing the impact. Even modest reductions in sell pressure can cause noticeable price increases in smaller token ecosystems.
|
||||||
|
|
||||||
|
3. **Compounding Effects**:
|
||||||
|
|
||||||
|
The combination of reduced sell pressure and increased demand creates a compounding effect, driving token price appreciation and enhancing the DAO's overall valuation.
|
||||||
|
|
||||||
|
|
||||||
|
This vesting mechanism, by smoothing token release and aligning incentives, could unlock a **15%-25% growth** in the DAO’s valuation, benefiting all stakeholders.
|
||||||
|
|
||||||
|
### TWAP Calculation:
|
||||||
|
|
||||||
|
For the proposal to pass: Current MCAP + 3% = 518.000 + 15.540 = 533,500
|
||||||
|
|
||||||
|
For the proposal to fail: < 533.500 USDC MCAP
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK`
|
||||||
|
- Proposal number: 6
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-12-19
|
||||||
|
- Ended: 2024-12-19
|
||||||
|
|
@ -0,0 +1,135 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Allocate 50,000 DRIFT to fund the Drift AI Agent request for grant?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm"
|
||||||
|
date: 2024-12-19
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Allocate 50,000 DRIFT to fund the Drift AI Agent request for grant?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-12-19
|
||||||
|
- URL: https://www.futard.io/proposal/A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm
|
||||||
|
- Description: 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.
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/bgcyHvvcdD
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to establish a Drift AI Agents Grants program, allocate 50,000 DRIFT for funding, and create a Decision Committee to evaluate and award grants for AI agent development in the DeFi space.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The initiative will engage developers and teams interested in building innovative AI solutions within the Drift ecosystem.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could lead to increased user engagement and new product lines leveraging Drift's offerings.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Investing in this emerging sector may result in inefficient use of resources and unknown challenges associated with AI development.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## 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: [https://docs.google.com/forms/d/e/1FAIpQLSdmqXph2f6EGSkN\_79oeaQLfxRkzUqXZl5dK4\_S4UMqE\_eIbw/viewform?usp=sf\_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. Reach out if you have questions on this.
|
||||||
|
|
||||||
|
**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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `A74H61YqwsbwRczuErbUyh9kqG1A7ZbiE1W5hWZmT9fm`
|
||||||
|
- Proposal number: 5
|
||||||
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2024-12-22
|
||||||
|
- Ended: 2024-12-22
|
||||||
|
|
@ -0,0 +1,174 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund Dean’s List DAO Website Redesign"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/5V5MFN69yB2w82QWcWXyW84L3x881w5TanLpLnKAKyK4"
|
||||||
|
date: 2024-12-30
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Fund Dean’s List DAO Website Redesign
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2024-12-30
|
||||||
|
- URL: https://www.futard.io/proposal/5V5MFN69yB2w82QWcWXyW84L3x881w5TanLpLnKAKyK4
|
||||||
|
- Description: Proposal to redesign the DeansListDAO website with a total budget of $3,500.
|
||||||
|
- Categories: {'category': 'Dao'}
|
||||||
|
- Discussion: https://discord.gg/7kmA63QyEg
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to redesign the DeansListDAO website with a budget of $3,500 to enhance user engagement, clarify the DAO's mission, and create a more intuitive platform for potential members and clients.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Improved website functionality and clarity will benefit potential members and clients by facilitating better understanding and engagement with the DAO.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The redesign is projected to increase website engagement by 50%, potentially leading to a 30%-50% growth in inbound contract opportunities and an increase in annual revenue.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Failure to approve the proposal may result in continued poor communication of the DAO's mission, limiting growth and visibility in the competitive landscape.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
Proposal to redesign the DeansListDAO website with a total budget of $3,500, aimed at improving user engagement, clarifying the DAO's mission, and creating a more intuitive platform for potential members and clients.
|
||||||
|
|
||||||
|
_The current redesign is already live at https://deanslist.services/, so at the defeat of this proposal, further discussion will be brought via DAO discussion._
|
||||||
|
|
||||||
|
_Upon approval there is no need for further discussion as such as already happen beforehand._
|
||||||
|
|
||||||
|
## Rationale
|
||||||
|
|
||||||
|
The old website failed to effectively:
|
||||||
|
|
||||||
|
- Communicate the core purpose of DeansListDAO
|
||||||
|
- Provide a clear onboarding path for potential members
|
||||||
|
- Showcase the DAO's services and achievements
|
||||||
|
- Integrate regional network states (Nigeria and Brazil)
|
||||||
|
|
||||||
|
The current website addresses these critical pain points by:
|
||||||
|
|
||||||
|
- Creating an intuitive and responsive design
|
||||||
|
- Highlighting the DAO's unique value proposition
|
||||||
|
- Streamlining the user journey from first contact to engagement
|
||||||
|
|
||||||
|
## Implementation Details
|
||||||
|
|
||||||
|
### Budget Breakdown
|
||||||
|
|
||||||
|
- Total Budget: $3,500 (2,800.00 USDC + 700.00 DEAN)
|
||||||
|
- Allocation:
|
||||||
|
1. Dean’s List Nigeria Network State Multi-Sig (100%)
|
||||||
|
*36t37e9YsvSav4qoHwiLR53apSqpxnPYvenrJ4uxQeFE*
|
||||||
|
|
||||||
|
### Vesting Schedule
|
||||||
|
|
||||||
|
- 80% ($2,800) paid upon proposal execution via a [Realms](https://app.realms.today/realms) transfer instruction.
|
||||||
|
- 20% ($700) paid every every month through a grant instruction via [Realms](https://app.realms.today/realms) to the multi-sig above mentioned over a year.
|
||||||
|
|
||||||
|
.png/size/w=1360?exp=1735686169&sig=RHMkeArYdy7TMfZmZU6iiOfDj5yrN0r-c8nSdcnPlME)
|
||||||
|
|
||||||
|
.png?table=block&id=16ae0e34-e8f4-802b-a9f5-d9b128962ddb&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=1360&userId=&cache=v2)
|
||||||
|
|
||||||
|
|
||||||
|
### Technical Specifications
|
||||||
|
|
||||||
|
- Open-source implementation
|
||||||
|
- Responsive design for desktop and mobile
|
||||||
|
- Integrated sections:
|
||||||
|
- Hero section with clear CTA
|
||||||
|
- Services showcase
|
||||||
|
- Pricing information
|
||||||
|
- Regional network states
|
||||||
|
- Testimonials
|
||||||
|
- Events overview
|
||||||
|
- About Us section with key metrics
|
||||||
|
|
||||||
|
## Benefits
|
||||||
|
|
||||||
|
- Improved user understanding of DeansListDAO
|
||||||
|
- Simplified onboarding process
|
||||||
|
- Enhanced visual representation of community achievements
|
||||||
|
- Unified platform for regional network states
|
||||||
|
- Clear communication of services and value proposition
|
||||||
|
|
||||||
|
## Assumptions
|
||||||
|
|
||||||
|
- 50% increase in website engagement
|
||||||
|
- 30% reduction in onboarding friction
|
||||||
|
- Improved clarity of DAO's mission and services
|
||||||
|
- Increased visibility of regional network states
|
||||||
|
- Better conversion of visitors to active community members
|
||||||
|
|
||||||
|
## Valuation Growth Impact
|
||||||
|
|
||||||
|
### Current Metrics
|
||||||
|
|
||||||
|
- **Treasury**: $115,000 (in various assets)
|
||||||
|
- **Revenue Model**: Dean’s List DAO earns revenue by completing contracts in the Solana ecosystem, retaining a 5% tax on the revenue generated by its members.
|
||||||
|
|
||||||
|
### Growth Scenarios Post-Redesign
|
||||||
|
|
||||||
|
1. **Increased Visibility Leading to More Contracts**
|
||||||
|
- A 50% increase in website engagement is expected to translate into greater visibility, leading to 30%-50% growth in inbound contract opportunities.
|
||||||
|
- Improved clarity of the DAO's mission and services will attract new clients and larger contracts.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
2. **Revenue Growth from Contracts**
|
||||||
|
- Current annual revenue from contracts: $150,000
|
||||||
|
- Growth in contracts due to improved visibility: +30%-50% (additional $45,000-$75,000 annually)
|
||||||
|
- DAO Tax (5% of total revenue): $2,250-$3,750 in additional annual revenue for the treasury.
|
||||||
|
3. **Improved Contract Margins**
|
||||||
|
- A 30% reduction in onboarding friction for potential clients will streamline negotiations, enabling members to focus on higher-value contracts.
|
||||||
|
- Enhanced branding and professionalism may justify a 10% average increase in contract size:
|
||||||
|
- Example: If the current average contract size is $50,000, a 10% increase adds $5,000 per contract. For 10 contracts annually, this adds $50,000 in total revenue, of which 5% ($2,500) contributes to the DAO treasury.
|
||||||
|
4. **Valuation Growth from Treasury Expansion**
|
||||||
|
- Current treasury: $115,000
|
||||||
|
- Projected treasury growth (from tax on contracts): +$4,750 to $6,250
|
||||||
|
- Total treasury after one year: $119,750 to $121,250
|
||||||
|
- Valuation growth (assuming proportional correlation to treasury size):
|
||||||
|
- Current valuation: $450,000
|
||||||
|
- Projected valuation: $468,000 to $472,500
|
||||||
|
|
||||||
|
.png?table=block&id=16ae0e34-e8f4-8002-80a0-c42f356685e4&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=1300&userId=&cache=v2)
|
||||||
|
|
||||||
|
5. **Intangible Value Additions**
|
||||||
|
- Increased visibility of regional network states (Nigeria and Brazil) will position the DAO as a global leader in the Solana ecosystem, attracting high-value contracts and partnerships.
|
||||||
|
- This visibility could lead to speculative token interest, increasing valuation by an additional 10%-15%.
|
||||||
|
- Adjusted projected valuation: $472,500 × 1.15 = $543,375 upper bound.
|
||||||
|
|
||||||
|
.png?table=block&id=16ae0e34-e8f4-8051-bb95-d41075c85fd8&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=1300&userId=&cache=v2)
|
||||||
|
|
||||||
|
|
||||||
|
## Total Valuation Potential
|
||||||
|
|
||||||
|
Dean’s List DAO’s valuation could grow from $450,000 to $468,000-$543,375 within 12 months due to increased contract volume, higher margins, and stronger brand positioning.
|
||||||
|
|
||||||
|
## TWAP Calculation
|
||||||
|
|
||||||
|
Current MCAP will be -5% of the MCAP at the time of the proposal to account for volatility between the time of the written proposal and the time of on-chain creation.
|
||||||
|
|
||||||
|
- For the proposal to pass: Current MCAP + 3% = $475,000.00 + $14,250.00 = $489,250.00
|
||||||
|
- For the proposal to fail: MCAP must be less than $475,000.00 USDC
|
||||||
|
|
||||||
|
.png?table=block&id=16ae0e34-e8f4-8064-a9c5-f8f08ee342ae&spaceId=c7b79f46-7e94-4d8e-af20-da4d8b6f1979&width=1360&userId=&cache=v2)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `5V5MFN69yB2w82QWcWXyW84L3x881w5TanLpLnKAKyK4`
|
||||||
|
- Proposal number: 7
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-03
|
||||||
|
- Ended: 2025-01-03
|
||||||
|
|
@ -0,0 +1,93 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $700,000 OTC Trade with Theia?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/BnfFejPpykmTtM5TyNEySgRCctRizmrZe9Bbe8V1UTon"
|
||||||
|
date: 2025-01-03
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $700,000 OTC Trade with Theia?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-01-03
|
||||||
|
- URL: https://www.futard.io/proposal/BnfFejPpykmTtM5TyNEySgRCctRizmrZe9Bbe8V1UTon
|
||||||
|
- Description: Theia wishes to acquire 609 META tokens at a USD price of $1,149.425 per token from the MetaDAO Treasury in exchange for $700,000 USDC.
|
||||||
|
- Categories: {'category': 'Dao'}, {'category': 'Treasury'}
|
||||||
|
- Discussion: https://discord.gg/eZkUCZXNgD
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Theia proposes to acquire 609 META tokens for $700,000 USDC at a price of $1,149.425 per token, aiming to support MetaDAO's growth through strategic partnership and resource allocation.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal is designed to benefit MetaDAO by providing essential capital and strategic support for governance and business development.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Theia's involvement could enhance MetaDAO's operational capabilities and market positioning, potentially leading to increased valuation and success.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The locked token structure and reliance on external market conditions may expose MetaDAO to liquidity risks and valuation fluctuations over time.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## **Overview**
|
||||||
|
|
||||||
|
* Theia wishes to acquire 609 META tokens (METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr) at a USD price of \$1,149.425 per token from the MetaDAO Treasury (6awyHMshBGVjJ3ozdSJdyyDE1CTAXUwrpNMaRGMsb4sf) in exchange for \$700,000 USDC (EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v).
|
||||||
|
* Theia will allocate resources to helping MetaDAO succeed and believes it can be helpful across multiple core areas, including governance, research, token structuring/liquidity, US policy, and business development. We have provided numerous portfolio company references to the MetaDAO team that can attest to our involvement and value add.
|
||||||
|
* Theia’s \$700K investment could be spent to hire an additional senior engineer, seed liquidity on new markets, and expand business development operations to onboard more DAOs to MetaDAO.
|
||||||
|
* MetaDAO will transfer the entire portion of META tokens through a 6-month lock Streamflow program.
|
||||||
|
|
||||||
|
## **Introduction to Theia**
|
||||||
|
|
||||||
|
Theia is an onchain liquid token fund manager that invests in companies building the Internet Financial System. Theia replicates traditional private investment strategies by taking large positions in small-cap tokens within under-explored market parts and working closely with management teams to add value. Theia typically buys liquid tokens through structured and proprietary deals and holds investments through a two to four-year investment thesis.
|
||||||
|
|
||||||
|
Our team operates on the premise that the Internet Financial System will take share from the existing global financial system by providing innovative and increasingly efficient financial primitives that expand the design space for financial products and accelerate financialization through the Internet. The global financial system represents the largest addressable market in the world and we believe permissionless blockchain technology will expand the TAM.
|
||||||
|
|
||||||
|
Theia is a differentiated partner due to the time and expertise we commit to our portfolio companies as well as our intense focus on core infrastructure and financial applications in EVM and SVM. Our fund strategy is designed to drive value for our portfolio companies; we cap our fund size, maintain a concentrated book of few investments, and seek to hold investments for many years. We work to ensure that each portfolio company has time and ample resources to realize our underwriting model forecast. This allows us to hold for the long term and ignore price fluctuations that are unrelated to business-specific catalysts.
|
||||||
|
|
||||||
|
## **Proposal**
|
||||||
|
|
||||||
|
We appreciate the time and effort both Proph3t and Kollan have spent with our team as we have conducted our diligence on MetaDAO. Better governance is a pressing need across the Internet Financial System and we are impressed by MetaDAO’s commitment to the vision of Futarchy. It isn’t often you find a team that combines missionary zeal with real talent as builders.
|
||||||
|
|
||||||
|
We are pleased to submit an offer to acquire META tokens on behalf of Theia and serve as a strategic partner to MetaDAO. While this letter outlines specific terms for a token agreement, we believe that a long-term partnership between Theia and MetaDAO is the most important component of our proposal.
|
||||||
|
|
||||||
|
On behalf of Theia Blockchain Partners Master Fund LP (“Theia”), we submit a bid to acquire 609 META tokens at a USD price of \$1,149.425 per token, an implied valuation of \$24M FDV. This equates to \$700,000 of locked tokens at a 12.7% discount to spot price as of 1/3/25 at a 6-month lock.
|
||||||
|
|
||||||
|
We believe this valuation is appropriate for a long-term partnership deal because —
|
||||||
|
|
||||||
|
* The valuation is on the upper end of seed-range (\$10M to \$25M) \- we believe MetaDAO deserves to be at the top of this range as it has a working product and users.
|
||||||
|
* The valuation represents a large (\>60%) markup to the latest large venture round to reflect significant progress.
|
||||||
|
* We expect MetaDAO to continue to issue tokens as it scales operations and are factoring in 10-20% dilution per year. Given this assumption, a \$24M FDV today represents a \$35M valuation on a 3-year go-forward basis.
|
||||||
|
|
||||||
|
Importantly, our \$700,000 investment would provide valuable capital to MetaDAO. Theia’s \$700K investment could be spent to hire an additional senior engineer, seed liquidity on new markets, and expand business development operations to onboard more DAOs to MetaDAO.
|
||||||
|
|
||||||
|
## **Theia Value Add**
|
||||||
|
|
||||||
|
MetaDAO is one of the most exciting ideas in the Internet Financial System and global governance as a whole, and we are eager to support the company through its next phase of growth. Our proposed terms would result in a \~$102K discount relative to a deal at liquid market price, or \~40bps of dilution relative to market price. We will work hard to increase the probability of success for MetaDAO by much more than that across the following five dimensions:
|
||||||
|
|
||||||
|
* **Portfolio Synergies & Strategy:** Given our position in the market, we work closely with teams to implement best practices we observe from across the market. We constantly meet with companies, funds, exchanges, and infrastructure providers. A core motivation for this coverage is to collect and share valuable insights with portfolio companies. For example, we worked closely with the BananaGun, Unibot, and Turtle Club teams to launch on Solana, introducing them to leading ecosystem players. We worked with Derive to design structured product vaults to attract retail users to a complex product. We worked with Kamino to introduce modular lending to their core monolithic lending business. These are a few examples among many.
|
||||||
|
* **Token Structuring:** We actively work on token structuring across our entire portfolio. This work ranges from strategic consultation on incremental improvements to large-scale token redesigns. In the case of Derive (fka Lyra), we helped the team redesign their token to match their new business model and reward holders as fundamentals grow. We worked with Houdini Swap (LOCK) on a full-scale token rebrand and tokenomics redesign. We are beginning to work with Vertex on a similar token redesign and are actively working with the Turtle Club team to find the right model for their business. We also served as an advisor to Metaplex and Adrena on their token designs.
|
||||||
|
* **Roadshows:** We meet regularly with most major US and European liquid funds. We openly share our best ideas but pay close attention to the stylistic preferences of different funds. When mutually beneficial, we facilitate introductions and also help them prepare. We have introduced our portfolio companies to liquid funds at different times. We provide detailed feedback on presentations, data rooms, and investor pitches. We often help organize roadshows, provide references, and workshop token pitches with founders.
|
||||||
|
* **Market Framing:** We are an active research firm and believe that the correct market framing can help a company raise capital, hire talent, win partnerships, and focus resources on the most impactful outcomes. We only started publishing our research in the middle of this year and have developed an active following of like-minded investors. We write consistently about our portfolio companies and the key themes that affect them. We pitch portfolio companies with liquid funds at dinners and are increasingly asked to share our perspective on liquid markets. We are attaching a few examples of our research:
|
||||||
|
* [https://x.com/TheiaResearch/status/1859598616001675681](https://x.com/TheiaResearch/status/1859598616001675681)
|
||||||
|
* [https://x.com/TheiaResearch/status/1833553153976844453](https://x.com/TheiaResearch/status/1833553153976844453)
|
||||||
|
* [https://x.com/TheiaResearch/status/1814277792705479128](https://x.com/TheiaResearch/status/1814277792705479128)
|
||||||
|
* **Policy:** We expect US policy to remain an important input for companies, especially as they seek to expand beyond what exists onchain today. We have built strong relationships with political consultants, congressional staffers, regulatory agencies, and law firms to ensure we are prepared for upcoming policy changes in the US and abroad. We seek to be a resource to portfolio companies and effectively direct them to the right resources for complex questions.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `BnfFejPpykmTtM5TyNEySgRCctRizmrZe9Bbe8V1UTon`
|
||||||
|
- Proposal number: 9
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-06
|
||||||
|
- Ended: 2025-01-06
|
||||||
|
|
@ -0,0 +1,55 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should JTO Vault Be Added To TipRouter NCN?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/CJW4iZPT14sVNzoc4Yibx1LbnY12sA75gZCP9HZk11UA"
|
||||||
|
date: 2025-01-13
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Jito DAO
|
||||||
|
- Proposal: Should JTO Vault Be Added To TipRouter NCN?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-01-13
|
||||||
|
- URL: https://www.futard.io/proposal/CJW4iZPT14sVNzoc4Yibx1LbnY12sA75gZCP9HZk11UA
|
||||||
|
- Description: If approved, this proposal would sanction the addition of a JTO Vault to the TipRouter NCN according to the specifications laid out in JIP-10.
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://discord.gg/QtGpxC52Kw
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal seeks approval to add a JTO Vault to the TipRouter NCN, following the guidelines set in JIP-10.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The addition of the JTO Vault would provide stakeholders with new opportunities for engagement and interaction within the TipRouter NCN.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Implementing the JTO Vault could enhance the protocol's functionality and attract more users, potentially increasing overall participation and transaction volume.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the integration may lead to unforeseen technical issues or decreased performance of the TipRouter NCN if not executed properly.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Outcome
|
||||||
|
|
||||||
|
If approved, this proposal would sanction the addition of a JTO Vault to the TipRouter NCN according to the specifications laid out in JIP-10.
|
||||||
|
|
||||||
|
[https://forum.jito.network/t/jip-10-decision-market-on-whether-to-adopt-jto-in-the-tiprouter-ncn-protocol-development/463](https://forum.jito.network/t/jip-10-decision-market-on-whether-to-adopt-jto-in-the-tiprouter-ncn-protocol-development/463)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `CJW4iZPT14sVNzoc4Yibx1LbnY12sA75gZCP9HZk11UA`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `B3PDBD7NCsJyxSdSDFEK38oNKZMBrgkg46TuqqkgAwPp`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-18
|
||||||
|
- Ended: 2025-01-18
|
||||||
|
|
@ -0,0 +1,167 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Dean’s List DAO Update The Liquidity Fee Structure"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP"
|
||||||
|
date: 2025-01-14
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: IslandDAO
|
||||||
|
- Proposal: Should Dean’s List DAO Update The Liquidity Fee Structure
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-01-14
|
||||||
|
- URL: https://www.futard.io/proposal/B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP
|
||||||
|
- Description: Proposal to increase the DAO's swap liquidity fee from base 0.25% dynamic pool fee to a 5% DLMM base fee to up to 10%, aimed at generating sustainable revenue.
|
||||||
|
- Categories: {'category': 'Treasury'}
|
||||||
|
- Discussion: https://discord.gg/ejbaxx6p4m
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to increase the DAO's swap liquidity fee from 0.25% to a base fee of 5%, potentially rising to 10%, to enhance treasury revenue for operations and development. It also suggests switching the quote token from mSOL back to SOL.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This adjustment could benefit larger traders who require deeper liquidity while providing opportunities for smaller contributors through lower-fee pools.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Revenue from fees could increase significantly, with potential annual treasury growth ranging from approximately $19,416 to $24,960, depending on trading volume scenarios.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of a 20-30% decrease in trading volume due to the higher fees, which may offset some of the expected revenue gains.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
Proposal to increase the DAO's swap liquidity fee from base 0.25% dynamic pool fee to a 5% DLMM base fee to up to 10%, aimed at generating sustainable revenue for the DAO treasury to fund operations and development.
|
||||||
|
|
||||||
|
(The suggestion above is change for a 5% DLMM base pool fee with a bin step of 80.)
|
||||||
|
|
||||||
|
The fee adjustment would be implemented through the DAO treasurer hot wallet and fee reclaiming will be done every first week of the month and transfered to the DAO main treasury.
|
||||||
|
|
||||||
|
Another addition is the change of the quote token, till know we have been using mSOL and we will change back to SOL till further change.
|
||||||
|
|
||||||
|
Dean’s List DAO Treasurer:
|
||||||
|
|
||||||
|
- Twitter: @1xraccoon
|
||||||
|
- Discord: legendraccoon
|
||||||
|
- Wallet (For this task): 3YW5dxM6u8TG8bZR6ShSiDS8aTfZPG72vUFuGuBVQA2z
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Rationale
|
||||||
|
|
||||||
|
The current 0.25% fee structure is insufficient to:
|
||||||
|
|
||||||
|
- Generate meaningful revenue for the DAO treasury.
|
||||||
|
- Support ongoing operational costs.
|
||||||
|
- Build reserves for future development.
|
||||||
|
|
||||||
|
With an average daily volume of ~1,541 USDC (based on 46,228 USDC/06 Dec - 06 Jan), the current fee structure generates minimal treasury inflow.
|
||||||
|
|
||||||
|
## Implementation Details
|
||||||
|
|
||||||
|
### Technical Specifications
|
||||||
|
|
||||||
|
- Create a DLMM pool with a base fee of 5%.
|
||||||
|
- Implementation through the DAO treasurer.
|
||||||
|
- No additional development work required.
|
||||||
|
- Immediate effect upon proposal execution. (1-2 days)
|
||||||
|
|
||||||
|
## Benefits
|
||||||
|
|
||||||
|
- Increased treasury revenue: At current volume levels, fee revenue would increase from ~3.85 USDC to ~77 USDC daily.
|
||||||
|
- Enhanced operational sustainability.
|
||||||
|
- Greater capacity for DAO initiatives and development.
|
||||||
|
- Strengthened treasury growth potential.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Assumptions
|
||||||
|
|
||||||
|
- Trading volume remains stable at current levels initially.
|
||||||
|
- Potential 20-30% decrease in volume due to higher fees.
|
||||||
|
- Net positive impact on treasury despite potential volume decrease.
|
||||||
|
- Market participants continue to provide liquidity.
|
||||||
|
|
||||||
|
### Large trades would likely prefer:
|
||||||
|
|
||||||
|
- High liquidity/depth (DAO pool).
|
||||||
|
- Accept higher fees (5%).
|
||||||
|
- Less price impact/slippage.
|
||||||
|
- More predictable execution.
|
||||||
|
|
||||||
|
### Small trades would gravitate toward:
|
||||||
|
|
||||||
|
- Individual LP pools.
|
||||||
|
- Lower fees (likely keeping closer to 0.25%).
|
||||||
|
- Acceptable liquidity for smaller sizes.
|
||||||
|
- Creates earning opportunities for DAO contributors.
|
||||||
|
|
||||||
|
### This effectively creates a tiered market structure where:
|
||||||
|
|
||||||
|
1. The DAO captures revenue from larger trades that need the deep liquidity.
|
||||||
|
2. Contributors are incentivized to provide smaller pools, increasing overall market making participation.
|
||||||
|
3. Traders can optimize their execution based on trade size.
|
||||||
|
|
||||||
|
## Valuation Growth Impact
|
||||||
|
|
||||||
|
### Current Metrics
|
||||||
|
|
||||||
|
- Treasury: ~ $80,000 (including native tokens, ±5k approximate)
|
||||||
|
- MCAP: $298,889 (-5% of the MCAP at the time of the proposal to account for volatility between the time of the written proposal and the time of on-chain creation. 11/01/2025 8:53 UTC+0)
|
||||||
|
- Monthly Trading Volume (06 Dec - 06 Jan): 46,228 USDC
|
||||||
|
- Current Monthly Fee Revenue (0.25%): ~3.85 USDC
|
||||||
|
|
||||||
|
### Growth Scenarios Post-Fee Increase
|
||||||
|
|
||||||
|
1. **Conservative Scenario (30% Volume Decrease)**
|
||||||
|
- New Monthly Volume: 32,360 USDC
|
||||||
|
- New Monthly Fee Revenue (5%): 1,618 USDC
|
||||||
|
- Annual Treasury Growth: ~19,416 USDC
|
||||||
|
2. **Moderate Scenario (20% Volume Decrease)**
|
||||||
|
- New Monthly Volume: 36,982 USDC
|
||||||
|
- New Monthly Fee Revenue (5%): 1,849 USDC
|
||||||
|
- Annual Treasury Growth: ~22,188 USDC
|
||||||
|
3. **Optimistic Scenario (10% Volume Decrease)**
|
||||||
|
- New Monthly Volume: 41,605 USDC
|
||||||
|
- New Monthly Fee Revenue (5%): 2,080 USDC
|
||||||
|
- Annual Treasury Growth: ~24,960 USDC
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
### Projected Valuation Impact
|
||||||
|
|
||||||
|
Assuming a 2.5x treasury-to-MCAP ratio:
|
||||||
|
|
||||||
|
- Conservative Scenario: New MCAP = $328,778 (+10%)
|
||||||
|
- Moderate Scenario: New MCAP = $334,445 (+11.9%)
|
||||||
|
- Optimistic Scenario: New MCAP = $340,112 (+13.8%)
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## TWAP Calculation
|
||||||
|
|
||||||
|
Current MCAP will be -5% of the MCAP at the time of the proposal to account for volatility: $314,620 - $15,731 = $298,889
|
||||||
|
|
||||||
|
- For the proposal to pass: Current MCAP + 3% = $307,855
|
||||||
|
- For the proposal to fail: MCAP must be less than $298,889 USDC
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `B8WLuXqoBb3hRD9XBCNuSqxDqCXCixqRdKR4pVFGzNP`
|
||||||
|
- Proposal number: 8
|
||||||
|
- DAO account: `9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-17
|
||||||
|
- Ended: 2025-01-17
|
||||||
|
|
@ -0,0 +1,109 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $500,000 OTC Trade with Theia? [2]"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/3tApJXw2REQAZZyehiaAnQSdauVNviNbXsuS4inn8PAe"
|
||||||
|
date: 2025-01-27
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $500,000 OTC Trade with Theia? [2]
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-01-27
|
||||||
|
- URL: https://www.futard.io/proposal/3tApJXw2REQAZZyehiaAnQSdauVNviNbXsuS4inn8PAe
|
||||||
|
- Description: Theia wishes to acquire 370.370 META tokens at a USD price of $1,350 per token from the MetaDAO Treasury.
|
||||||
|
- Discussion: https://discord.gg/NjfdTdc9A5
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Theia proposes to acquire 370.370 META tokens from the MetaDAO Treasury for $500,000 USDC, representing a 14% premium to the current spot price, while committing to enhance MetaDAO's governance and business development.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The proposal aims to strengthen MetaDAO's financial resources and governance capabilities, benefiting both the treasury and the broader community.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Theia's investment could facilitate hiring key personnel and expanding market liquidity, potentially accelerating MetaDAO's growth and operational efficiency.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The premium paid for the tokens and reliance on Theia's strategic contributions may introduce risks if expected benefits do not materialize or if market conditions change adversely.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### **Overview**
|
||||||
|
|
||||||
|
* Theia wishes to acquire META tokens (METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr) from the MetaDAO Treasury (6awyHMshBGVjJ3ozdSJdyyDE1CTAXUwrpNMaRGMsb4sf) in exchange for $500,000 USDC (EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v).
|
||||||
|
* Theia wishes to acquire 370.370 META tokens at a USD price of $1,350 per token from the MetaDAO Treasury. This represents a 14% premium to spot price at the time we completed this proposal.
|
||||||
|
* Theia will allocate resources to helping MetaDAO succeed and believes it can be helpful across multiple core areas, including active governance, research, token structuring/liquidity, US policy, and business development. We have provided numerous portfolio company references to the MetaDAO team that can attest to our involvement and value add.
|
||||||
|
* Theia’s $500K investment could be spent to hire an additional senior engineer, seed liquidity on new markets, and expand business development operations to onboard more DAOs to MetaDAO.
|
||||||
|
* MetaDAO will transfer the entire portion of META tokens through a 12-month linear vest Streamflow program.
|
||||||
|
|
||||||
|
**Introduction to Theia**
|
||||||
|
|
||||||
|
Theia is an onchain liquid token fund manager that invests in companies building the Internet Financial System. Theia replicates traditional private investment strategies by taking large positions in small-cap tokens within under-explored market parts and working closely with management teams to add value. Theia typically buys liquid tokens through structured and proprietary deals and holds investments through a two to four-year investment thesis.
|
||||||
|
|
||||||
|
Theia is a differentiated partner due to the time and expertise we commit to our portfolio companies as well as our intense focus on core infrastructure and financial applications in EVM and SVM. Our fund strategy is designed to drive value for our portfolio companies; we cap our fund size, maintain a concentrated book of few investments, and seek to hold investments for many years. We work to ensure that each portfolio company has time and ample resources to realize our underwriting model forecast. This allows us to hold for the long term and ignore price fluctuations that are unrelated to business-specific catalysts.
|
||||||
|
|
||||||
|
**Proposal**
|
||||||
|
|
||||||
|
We appreciate the time and effort both Proph3t and Kollan have spent with our team as we have conducted our diligence on MetaDAO. Better governance is a pressing need across the Internet Financial System and we are impressed by MetaDAO’s commitment to the vision of Futarchy. It isn’t often you find a team that combines missionary zeal with real talent as builders.
|
||||||
|
|
||||||
|
We are pleased to submit an offer to acquire META tokens on behalf of Theia and serve as a strategic partner to MetaDAO. While this letter outlines specific terms for a token agreement, we believe that a long-term partnership between Theia and MetaDAO is the most important component of our proposal.
|
||||||
|
|
||||||
|
On behalf of Theia Blockchain Partners Master Fund LP (“Theia”), to acquire 370.370 META tokens at a USD price of $1,350 per token from the MetaDAO Treasury. We would consider it a privilege to have the opportunity to buy a large amount of META from the treasury.
|
||||||
|
|
||||||
|
Importantly, our $500,000 investment would provide valuable capital to MetaDAO. Theia’s $500K investment could be spent to hire an additional senior engineer, seed liquidity on new markets, and expand business development operations to onboard more DAOs to MetaDAO.
|
||||||
|
|
||||||
|
“An incremental $500k would allow us to extend our runway, experiment more (e.g. provide capital to decision markets on non-futarchic governance proposals), and/or spend more on growth (e.g. twitter videos).” \- Proph3t, Cofounder of MetaDAO
|
||||||
|
|
||||||
|
**Theia Value Add**
|
||||||
|
|
||||||
|
MetaDAO is one of the most exciting ideas in the Internet Financial System and global governance as a whole, and we are eager to support the company through its next phase of growth. We will work hard to increase the probability of success for MetaDAO across the following five dimensions:
|
||||||
|
|
||||||
|
* **Active Governance:** Theia has been a fully onchain fund since inception. We are participants in onchain markets and would plan to actively trade MetaDAO markets. We believe having one more aligned liquid fund trading MetaDAO markets would bolster market efficiency and deepen liquidity.
|
||||||
|
* **Roadshows:** We meet regularly with most major US and European liquid funds. We openly share our best ideas but pay close attention to the stylistic preferences of different funds. When mutually beneficial, we facilitate introductions and also help them prepare. We have introduced our portfolio companies to liquid funds at different times. We provide detailed feedback on presentations, data rooms, and investor pitches. We often help organize roadshows, provide references, and workshop token pitches with founders. We are an active research firm and believe that the correct market framing can help a company raise capital, hire talent, win partnerships, and focus resources on the most impactful outcomes. We only started publishing our research in the middle of 2024 and have developed an active following of like-minded investors. We write consistently about our portfolio companies and the key themes that affect them. We pitch portfolio companies with liquid funds at dinners and are increasingly asked to share our perspective on liquid markets. We are attaching a few examples of our research:
|
||||||
|
* [https://x.com/TheiaResearch/status/1859598616001675681](https://x.com/TheiaResearch/status/1859598616001675681)
|
||||||
|
* [https://x.com/TheiaResearch/status/1833553153976844453](https://x.com/TheiaResearch/status/1833553153976844453)
|
||||||
|
* [https://x.com/TheiaResearch/status/1814277792705479128](https://x.com/TheiaResearch/status/1814277792705479128)
|
||||||
|
* **Policy:** We expect US policy to remain an important input for companies, especially as they seek to expand beyond what exists onchain today. We have built strong relationships with political consultants, congressional staffers, regulatory agencies, and law firms to ensure we are prepared for upcoming policy changes in the US and abroad. We seek to be a resource to portfolio companies and effectively direct them to the right resources for complex questions.
|
||||||
|
|
||||||
|
**Theia References**
|
||||||
|
|
||||||
|
This is our second proposal to MetaDAO. During our first proposal, we asked a few of our portfolio company founders to provide references for Theia. We are including these references below for easier access.
|
||||||
|
|
||||||
|
**Marius, Kamino Cofounder**
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
**Mack, Lead of Strategy at Metaplex**
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We would also like to reference specific statements by the MetaDAO team as part of our proposal.
|
||||||
|
|
||||||
|
**Proph3t, Cofounder of MetaDAO**
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
**0xNallok, Cofounder of MetaDAO**
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
We are deeply impressed with the team, mission and community at MetaDAO. We would consider it a privilege to have the opportunity to participate as you onboard Solana and then the world to Futarchy, and we thank you for your consideration.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `3tApJXw2REQAZZyehiaAnQSdauVNviNbXsuS4inn8PAe`
|
||||||
|
- Proposal number: 10
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-30
|
||||||
|
- Ended: 2025-01-30
|
||||||
|
|
@ -0,0 +1,120 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Perform Token Split and Adopt Elastic Supply for META? "
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/CBhieBvzo5miQBrdaM7vALpgNLt4Q5XYCDfNLaE2wXJA"
|
||||||
|
date: 2025-01-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Perform Token Split and Adopt Elastic Supply for META?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-01-28
|
||||||
|
- URL: https://www.futard.io/proposal/CBhieBvzo5miQBrdaM7vALpgNLt4Q5XYCDfNLaE2wXJA
|
||||||
|
- Description: Create new token to split META 1:1000, move upgrade, update and mint authority to the DAO.
|
||||||
|
- Discussion: https://discord.gg/s5Jdx6xrMx
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to perform a 1:1,000 token split for META, migrate to a new token with elastic supply, and grant governance sovereignty over the token program.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will need to actively opt-in to convert their old META tokens to the new version, influencing their participation in the governance process.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The token split and elastic supply could enhance trading activity and market participation, benefiting the overall functionality of MetaDAO's governance.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of low participation in the token migration process, potentially leading to fragmentation between old and new token holders.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## **Token Migration**
|
||||||
|
|
||||||
|
#### Type
|
||||||
|
|
||||||
|
Operations \- Direct Action
|
||||||
|
|
||||||
|
#### Author(s)
|
||||||
|
|
||||||
|
[@aradtski](https://x.com/aradtski)
|
||||||
|
|
||||||
|
### Overview
|
||||||
|
|
||||||
|
With the passing of this proposal, Proph3t and Nallok are directed to deploy a new META token program, and a migration program in line with the specifications below. In addition, by passing this proposal, MetaDAO effectively declares the new token to be the canonical and preferred version. Once deployed, all future Futarchic markets for MetaDAO decisions will be conducted using the new token as the trading asset.
|
||||||
|
|
||||||
|
### Motivation
|
||||||
|
|
||||||
|
\- Alleviate unfavorable psychological bias towards large unit pricing.
|
||||||
|
\- Introduce full sovereignty to MetaDAO governance module, particularly on token supply and metadata.
|
||||||
|
\- Prepare grounds for a possible future ticker change.
|
||||||
|
|
||||||
|
### Specs
|
||||||
|
|
||||||
|
\- Deploy a new token, and a program to allow a one-way conversion from META (METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr). The new token will be deployed initially with an identical name and ticker to the current one.
|
||||||
|
|
||||||
|
\- Effectively split META at a 1:1,000 ratio, resulting in a \~20,886,000 baseline supply for the new token. Each old META token unit will be granted the option to convert to 1,000 new META tokens.
|
||||||
|
|
||||||
|
\- The token conversion will be opt-in, require an action from the user, be unidirectional and importantly will have an unlimited time window to complete. A widget, prompt or tab will be added to MetaDAO’s website UI to push users towards completing the one-way migration.
|
||||||
|
|
||||||
|
\- Introduce supply sovereignty by giving MetaDAO governance ownership over the token program, which it currently does not have. the MetaDAO Futarchic governance itself would become the singular entity with power to control the META token supply and metadata.
|
||||||
|
|
||||||
|
In effect, this will allow MetaDAO to expand the META supply through its futarchy-driven governance, as well as lay down the necessary groundwork for a future proposal to change its name and/or ticker.
|
||||||
|
|
||||||
|
### Q\&A
|
||||||
|
|
||||||
|
**Maybe it’s not great to have mutable metadata because websites flag it as a potentially malicious token?**
|
||||||
|
The new token program will start with mutable metadata, but access can be revoked through a governance proposal at any time. Ideally, the DAO figures out the ticker and/or name change, and then continues to revoke its own access (which then cannot be restored again).
|
||||||
|
|
||||||
|
**Is it not morally indignant to do a token split?**
|
||||||
|
If it is not below the likes of Amazon and Nvidia to do stock splits despite most stock brokerages allowing fractional ownership, then it is not below MetaDAO. Human biases are ever present, and should be taken into consideration in token supply just like they are in decisions of branding, design, marketing and so forth.
|
||||||
|
|
||||||
|
A token split is of particular importance to MetaDAO, as Futarchy arguably functions better the more trading activity occurs on its base asset. There seems to be anecdotal evidence suggesting that a lower unit price leads to higher trading activity amongst speculators, hence we may conclude that a token split would be fundamentally beneficial to the function of our very first Futarchic organization.
|
||||||
|
|
||||||
|
**Why introduce mutable supply? Isn’t fixed supply preferable?**
|
||||||
|
Not always, and particularly not in the case of MetaDAO governance. While the option of an unlimited token supply may appear scary at first glance, it should be considered for three main reasons:
|
||||||
|
|
||||||
|
1\) MetaDAO is on a mission that could extend 10, 20, 30 years into the future. Becoming future-proof means embracing the unknown unknowns, which may create a need to mint tokens into the future for reasons that have yet to reveal themselves. There’s merit to enabling it sooner rather than later, since token migrations become increasingly complex the more META gets integrated into external exchanges and grows its holder base.
|
||||||
|
|
||||||
|
2\) There is no risk of un-checked or damaging inflation.
|
||||||
|
No new tokens can be minted if it would damage token price, which is of course the beauty in Futarchy. The only way MetaDAO governance will mint new tokens and expand the token supply, is if the market clearly deems it \+EV to the token value. The market speaks and Futarchy listens.
|
||||||
|
|
||||||
|
3\) MetaDAO was the first to use Futarchy for decision making, and it should likewise be the first to entrust token minting to Futarchic governance. If MetaDAO won’t lead the way, who will?
|
||||||
|
It’s in MetaDAO’s DNA to show by example, such that others may follow.
|
||||||
|
|
||||||
|
Emphasis: ownership will be given to the governance module only, and will NOT be under any multi-sig control.
|
||||||
|
|
||||||
|
**Why specifically a 1:1000 ratio?**
|
||||||
|
A 1:1000 split makes it extremely simple to mentally convert back and forth between the old and new unit prices**.** Tangentially, it also retains some of MetaDAO’s original form – in setting itself apart by not participating in the current memecoin-esque meta of a billion+ token supply.
|
||||||
|
|
||||||
|
**Is it possible to enforce the conversion?**
|
||||||
|
Not in practice. Instead:
|
||||||
|
|
||||||
|
\- MetaDAO will offer an opt-in conversion with an unlimited time window.
|
||||||
|
\- Future META decision markets will employ the new token instance.
|
||||||
|
\- All tokens under the control of MetaDAO’s treasury will be promptly migrated to the new token, once deployed, to dogfood the process.
|
||||||
|
\- All future user activity will be encouraged to occur on the new token through the website and decision markets.
|
||||||
|
\- CoinGecko, CoinMarketCap, and onchain protocols like Drift and Jupiter should be informed of the introduction of a new canonical token instance.
|
||||||
|
|
||||||
|
The process may ultimately take time, especially when it comes to passive holders converting, But the goal is for the majority of trading activity to begin occurring on the new token as quickly as possible.
|
||||||
|
|
||||||
|
**Notes**
|
||||||
|
\- With the passing of this proposal, wherever the unit price of META was referred to in past proposals, those decisions will stand with the appropriately adjusted unit price considering the token supply. For example, a [past proposal](https://metadao.fi/metadao/trade/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG?tab=proposal) referenced the price of $42,198 per META as a benchmark. With the passing of this proposal, the price benchmark will adjust retroactively to $42.198 per META in this particular example, to match the exact conversion ratio offered to users upon migration.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `CBhieBvzo5miQBrdaM7vALpgNLt4Q5XYCDfNLaE2wXJA`
|
||||||
|
- Proposal number: 11
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-01-31
|
||||||
|
- Ended: 2025-01-31
|
||||||
|
|
@ -0,0 +1,63 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Sanctum change its logo on its website and socials?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/7FY4dgYDX8xxwCczrgstUwuNEC9NMV1DWXz31rMnGNTv"
|
||||||
|
date: 2025-02-03
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: Should Sanctum change its logo on its website and socials?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-03
|
||||||
|
- URL: https://www.futard.io/proposal/7FY4dgYDX8xxwCczrgstUwuNEC9NMV1DWXz31rMnGNTv
|
||||||
|
- Description: 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
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://research.sanctum.so/t/cloud-0-should-sanctum-change-the-logo-on-its-website-and-socials/1229
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to temporarily change the Sanctum logo on its website and social media for one week following a successful vote, with a deliberation period of 3 days and a voting period of 3 days.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This change may engage the community and increase participation in the governance process.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
A fresh logo could enhance brand visibility and attract attention to Sanctum's activities.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Temporary branding changes may confuse existing users or dilute brand recognition.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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:
|
||||||
|
|
||||||
|
edited logo per CW
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `7FY4dgYDX8xxwCczrgstUwuNEC9NMV1DWXz31rMnGNTv`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-06
|
||||||
|
- Ended: 2025-02-06
|
||||||
|
|
@ -0,0 +1,55 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should A Percentage of SAM Bids Route To MNDE Stakers?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF"
|
||||||
|
date: 2025-02-04
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Marinade
|
||||||
|
- Proposal: Should A Percentage of SAM Bids Route To MNDE Stakers?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-04
|
||||||
|
- URL: https://www.futard.io/proposal/DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF
|
||||||
|
- Description: This proposal will determine whether to adopt directing of a portion of the SAM bid to MNDE-Enhanced Stakers actively staking to a validator with a winning bid.
|
||||||
|
- Categories: {'category': 'Governance'}, {'category': 'Dao'}
|
||||||
|
- Discussion: https://discord.gg/Bkc2EMEF6n
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to establish a performance fee routing system that directs a percentage of SAM bids to MNDE-Enhanced Stakers, as detailed in MIP.5.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This proposal is designed to benefit MNDE stakers by providing them with additional revenue through the routing of SAM bids.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Implementing this proposal could incentivize more users to stake MNDE, potentially increasing overall liquidity and engagement within the Marinade ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There may be concerns regarding the sustainability of the performance fee model and its impact on the overall profitability of SAM bids, which could deter some investors.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Outcome
|
||||||
|
|
||||||
|
If approved, this proposal would sanction the development and implementation of performance fee routing to MNDE-Enhanced Stakers according to the specifications laid out in MIP.5.
|
||||||
|
|
||||||
|
[MIP.5 - SAM Bid Routing To MNDE Stakers](https://forum.marinade.finance/t/mip-5-sam-bid-routing-to-mnde-stakers/1700)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `9RNQx6cnheD4tzvRCW5Mo1sTo72Vm6PbPj6SFC5aK4fy`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-07
|
||||||
|
- Ended: 2025-02-07
|
||||||
|
|
@ -0,0 +1,83 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Sanctum implement CLOUD staking and active staking rewards?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf"
|
||||||
|
date: 2025-02-06
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: Should Sanctum implement CLOUD staking and active staking rewards?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-06
|
||||||
|
- URL: https://www.futard.io/proposal/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf
|
||||||
|
- Description: This proposal would approve the implementation of CLOUD staking and 30M CLOUD to fund rewards for staked CLOUD, conditional upon active governance participation (“active staking rewards”).
|
||||||
|
- Categories: {'category': 'Governance'}
|
||||||
|
- Discussion: https://research.sanctum.so/t/cloud-1-should-sanctum-implement-cloud-staking-and-active-staking-rewards/1228
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
This proposal seeks to implement CLOUD staking with a 30-day vesting lockup to mitigate speculative trading behaviors, and establish active staking rewards funded by 30M CLOUD to incentivize governance participation.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Active governance participants will be rewarded for their engagement, promoting a more informed decision-making process.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The introduction of staking could enhance long-term investment and reduce volatility by aligning participant interests with the project's success.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the reliance on staking could inadvertently lead to a concentration of power among a small group of long-term holders, potentially sidelining less active participants.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Should Sanctum implement CLOUD staking and active staking rewards?
|
||||||
|
|
||||||
|
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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-09
|
||||||
|
- Ended: 2025-02-09
|
||||||
|
|
@ -0,0 +1,49 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Addy DAO Proposal"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/8qtWAAjqKhtEBJjdY6YzkN74yddTchH2vSc7f654NtQE"
|
||||||
|
date: 2025-02-10
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Addy DAO Proposal
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-02-10
|
||||||
|
- URL: https://www.futard.io/proposal/8qtWAAjqKhtEBJjdY6YzkN74yddTchH2vSc7f654NtQE
|
||||||
|
- Description: Addy DAO Proposal - Testing Bundles With New Creation
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to test new creation bundles within the Addy DAO framework, emphasizing that trading should not occur during this testing phase.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders may experience a temporary halt in trading activities, which could affect liquidity and engagement.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successfully testing these bundles could lead to improved functionality and offerings within the DAO, enhancing overall value.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the testing phase could encounter issues, potentially leading to delays or negative perceptions of the DAO's reliability.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Addy DAO Proposal - Testing Bundles With New Creation - Do NOT TRADE
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `8qtWAAjqKhtEBJjdY6YzkN74yddTchH2vSc7f654NtQE`
|
||||||
|
- Proposal number: 16
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-10
|
||||||
|
- Ended: 2025-02-13
|
||||||
|
|
@ -0,0 +1,78 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should MetaDAO Hire Robin Hanson As An Advisor?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/AnCu4QFDmoGpebfAM8Aa7kViouAk1JW6LJCJJer6ELBF"
|
||||||
|
date: 2025-02-10
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Should MetaDAO Hire Robin Hanson As An Advisor?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-10
|
||||||
|
- URL: https://www.futard.io/proposal/AnCu4QFDmoGpebfAM8Aa7kViouAk1JW6LJCJJer6ELBF
|
||||||
|
- Description: Robin Hanson’s help has been integral thus far. Specifically, his insights on futarchy mechanism design have helped us design a more compelling and capital-efficient product. We would like to extend an offer for him to become an advisor to MetaDAO.
|
||||||
|
- Discussion: https://discord.gg/2NmN3Sw5e4
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks to hire Robin Hanson as an advisor to provide mechanism design and strategy advice, co-author blog posts and whitepapers, and explore new futarchic mechanisms such as a shared liquidity AMM design.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Hiring Robin Hanson could enhance the strategic direction and innovation capabilities of MetaDAO, benefiting its community and stakeholders.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
His expertise in futarchy could lead to the development of more effective and capital-efficient products, potentially increasing MetaDAO's market competitiveness.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the advisory relationship may not yield the expected outcomes or that the terms of compensation may not align with future project needs.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## **Hire Robin Hanson as Advisor?**
|
||||||
|
|
||||||
|
#### **Type**
|
||||||
|
|
||||||
|
**Operations \- Direct Action**
|
||||||
|
|
||||||
|
#### **Author(s)**
|
||||||
|
|
||||||
|
**Proph3t**
|
||||||
|
|
||||||
|
**Overview**
|
||||||
|
|
||||||
|
Robin Hanson’s help has been integral thus far. Specifically, his insights on futarchy mechanism design have helped us design a more compelling and capital-efficient product.
|
||||||
|
|
||||||
|
We would like to extend an offer for him to become an advisor to MetaDAO.
|
||||||
|
|
||||||
|
**Scope of Work**
|
||||||
|
|
||||||
|
The scope of work would primarily be mechanism design and strategy advice.
|
||||||
|
|
||||||
|
We would also likely want to co-author blog posts / whitepapers that explain new futarchic mechanisms. For example, we’ve been thinking about a new ‘shared liquidity AMM’ design where people provide META/USDC liquidity and it can be used in pMETA/pUSDC and fMETA/fUSDC markets, which we’ll want to write something about.
|
||||||
|
|
||||||
|
**Compensation**
|
||||||
|
|
||||||
|
We propose to pay Robin 0.1% of the supply (20.9 META) vested over 2 years.
|
||||||
|
|
||||||
|
**Early termination**
|
||||||
|
|
||||||
|
Either Robin, MetaDAO, or Proph3t and Kollan in unanimous agreement would be able to cancel this agreement, at which point any unvested tokens (minus the amount for the current month) would be forfeited.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `AnCu4QFDmoGpebfAM8Aa7kViouAk1JW6LJCJJer6ELBF`
|
||||||
|
- Proposal number: 12
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-13
|
||||||
|
- Ended: 2025-02-13
|
||||||
|
|
@ -0,0 +1,96 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Fund The Drift Working Group?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR"
|
||||||
|
date: 2025-02-13
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Drift
|
||||||
|
- Proposal: Fund The Drift Working Group?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-13
|
||||||
|
- URL: https://www.futard.io/proposal/6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR
|
||||||
|
- Description: 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.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to establish the Drift Working Group to foster community engagement, education, and growth through initiatives like content creation and community activation, with an initial funding request of 50,000 DRIFT for a 3-month trial.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The working group will enhance community involvement and knowledge, benefiting both new and existing Drift users.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Success could lead to a more vibrant and engaged community, driving higher participation and retention rates.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The initiative's effectiveness is uncertain and may not yield the desired engagement levels, risking the allocated budget and resources.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `6TkkCy26HCqxWGt1QgfhFHc6ASikRjk74Gkk4Wfyd7wR`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `8ABcEC2SEaqi1WkyWGtd2QbuWmkFryYnV1ispBUSgY2V`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-16
|
||||||
|
- Ended: 2025-02-16
|
||||||
|
|
@ -0,0 +1,52 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: mtn Meets META Hackathon"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/9ZYMaLKWn9PSLTX1entmqJUYBiCkZbRxeRz1tVvYwqy6"
|
||||||
|
date: 2025-02-24
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Test DAO
|
||||||
|
- Proposal: mtn Meets META Hackathon
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-02-24
|
||||||
|
- URL: https://www.futard.io/proposal/9ZYMaLKWn9PSLTX1entmqJUYBiCkZbRxeRz1tVvYwqy6
|
||||||
|
- Description: You know you asked for it so you get what you ask for.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to organize the mtn Meets META Hackathon to foster innovation and collaboration within the DAO community, while enhancing visibility and engagement.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will benefit from increased networking opportunities and the potential for collaboration on innovative projects.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The hackathon could generate new ideas and solutions that enhance the DAO's functionality and attractiveness to potential members.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of low participation or engagement, which could undermine the effectiveness and outcomes of the hackathon.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Find Me
|
||||||
|
This DAO is hidden so the proposal isn't easy to find.
|
||||||
|
|
||||||
|
But you have access to the data via API so here you are!
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `9ZYMaLKWn9PSLTX1entmqJUYBiCkZbRxeRz1tVvYwqy6`
|
||||||
|
- Proposal number: 17
|
||||||
|
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
|
||||||
|
- Proposer: `8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-02-27
|
||||||
|
- Ended: 2025-02-27
|
||||||
|
|
@ -0,0 +1,34 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Testing Totem For The Win"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/3rCNPg7wG1XCZBCWwjgjFgfhEySu2LhqeoU9KTUesTgg"
|
||||||
|
date: 2025-02-24
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Testing Totem For The Win
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-02-24
|
||||||
|
- URL: https://www.futard.io/proposal/3rCNPg7wG1XCZBCWwjgjFgfhEySu2LhqeoU9KTUesTgg
|
||||||
|
- Description: Nothing
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## Starts Here
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `3rCNPg7wG1XCZBCWwjgjFgfhEySu2LhqeoU9KTUesTgg`
|
||||||
|
- Proposal number: 0
|
||||||
|
- DAO account: `DHeutMkAZLy2LrQAeV7whvr2RJhV463rc1zkT6FxPa46`
|
||||||
|
- Proposer: `FsqK75jj26WgF8LWXt8iZwwWKBFiAPp1hZu4mBdGgTmA`
|
||||||
|
- Autocrat version: 0.4
|
||||||
|
- Completed: 2025-03-04
|
||||||
|
- Ended: 2025-02-28
|
||||||
|
|
@ -0,0 +1,96 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Release a Launchpad?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef"
|
||||||
|
date: 2025-02-26
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Release a Launchpad?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-02-26
|
||||||
|
- URL: https://www.futard.io/proposal/HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef
|
||||||
|
- Description: We are requesting the DAO’s permission to release a launchpad for futarchy DAOs. Such a launchpad could solve many of the existing issues with capital formation in crypto.
|
||||||
|
- Discussion: https://discord.gg/bPnjW9kthj
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal seeks DAO approval to create a launchpad for futarchy DAOs to streamline capital formation in crypto, allowing project creators to raise funds while offering funders a safer investment mechanism.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Founders gain early community engagement and improved fundraising opportunities, while funders benefit from reduced risks of losses due to project mismanagement.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The launchpad could enhance trust in crypto fundraising by minimizing the risk of "rug pulls," thereby attracting more investors and projects to the ecosystem.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the initial permissioned launchpad model may create dependency on the founding team for project selection, potentially limiting diversity and innovation.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
#### **Type**
|
||||||
|
|
||||||
|
**Business \- Project**
|
||||||
|
|
||||||
|
#### **Author(s)**
|
||||||
|
|
||||||
|
**Proph3t, Kollan**
|
||||||
|
|
||||||
|
**Overview**
|
||||||
|
|
||||||
|
We are requesting the DAO’s permission to release a launchpad for futarchy DAOs. Such a launchpad could solve many of the existing issues with capital formation in crypto.
|
||||||
|
|
||||||
|
**Mechanics**
|
||||||
|
|
||||||
|
The launchpad would work in the following way \-
|
||||||
|
|
||||||
|
1. Project creators raise project ideas and specify a minimum amount of USDC they need to execute on the idea
|
||||||
|
2. Funders have 5 days to fund those ideas in exchange for tokens
|
||||||
|
1. Funders would receive 1,000 tokens per USDC committed
|
||||||
|
2. Except in rare cases, the whole initial supply would be issued by this process
|
||||||
|
3. If the launch receives sufficient USDC, 10% of the USDC is paired against an equivalent amount of tokens in a constant-product AMM. Then, all remaining USDC and the ability to mint new tokens are transferred to a futarchy DAO. Contributors can then raise proposals to issue tokens to themselves or to pay themselves on some interval (e.g., monthly)
|
||||||
|
4. If the launch does not receive sufficient USDC, all funders would be able to burn their tokens to claim their original USDC back
|
||||||
|
|
||||||
|
**Why funders will prefer this to the status quo**
|
||||||
|
|
||||||
|
Rugging is a rampant problem for on-chain capital raises. In this system, it’s much harder for projects to rug because all of the USDC goes either to the DAO or to the liquidity pool. If the team walks away on day \#1, anyone would be able to raise a proposal to the DAO to liquidate the treasury and return all money to the funders. This is also true on day \#30, day \#365, and day \#1083.
|
||||||
|
|
||||||
|
**Why founders will prefer this to the status quo**
|
||||||
|
|
||||||
|
This system gives you two benefits as a founder:
|
||||||
|
|
||||||
|
1) Community involvement from day 1
|
||||||
|
2) Ability to raise money that you wouldn’t have otherwise been able to raise
|
||||||
|
|
||||||
|
As I’ve written about before, community involvement from day 1 is an unfair advantage for projects. The two biggest crypto projects, Bitcoin and Ethereum, both had it. Bag bias is real, and in this system it works for you as a founder.
|
||||||
|
|
||||||
|
This also opens up the door to founders from geographies where it’s historically been difficult to raise money.
|
||||||
|
|
||||||
|
**GTM**
|
||||||
|
|
||||||
|
We will canvas our network to find early-stage (ideally pre-raise) projects to launch on the platform. We already have a few prospective projects.
|
||||||
|
|
||||||
|
At the start, launches would be permissioned by us. We would reserve the right to transition to a permissionless system when and if we deem it beneficial.
|
||||||
|
|
||||||
|
**Founder discretion**
|
||||||
|
|
||||||
|
We would also have discretion to change the mechanics of launches (e.g. to adopt an IDO pool approach rather than the above fixed price approach) if we deem it \+EV for MetaDAO
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `HREoLZVrY5FHhPgBFXGGc6XAA3hPjZw1UZcahhumFkef`
|
||||||
|
- Proposal number: 13
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-01
|
||||||
|
- Ended: 2025-03-01
|
||||||
29
inbox/archive/2025-03-05-futardio-proposal-proposal-1.md
Normal file
29
inbox/archive/2025-03-05-futardio-proposal-proposal-1.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #1"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/EksJ2GhxbmhVAdDKP4kThHiuzKwjhq5HSb1kgFj6x2Qu"
|
||||||
|
date: 2025-03-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #1
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-03-05
|
||||||
|
- URL: https://www.futard.io/proposal/EksJ2GhxbmhVAdDKP4kThHiuzKwjhq5HSb1kgFj6x2Qu
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `EksJ2GhxbmhVAdDKP4kThHiuzKwjhq5HSb1kgFj6x2Qu`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `De8YzDKudqgeJXqq6i7q82AgxxrQ1JXXfMgfBDZTvJbs`
|
||||||
|
- Proposer: `89VB5UmvopuCFmp5Mf8YPX28fGvvqn79afCgouQuPyhY`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-05
|
||||||
|
- Ended: 2025-03-05
|
||||||
29
inbox/archive/2025-03-05-futardio-proposal-proposal-2.md
Normal file
29
inbox/archive/2025-03-05-futardio-proposal-proposal-2.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #2"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/8MMGMpLYnxH69j6YWCaLTqsYZuiFz61E5v2MSmkQyZZs"
|
||||||
|
date: 2025-03-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #2
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-03-05
|
||||||
|
- URL: https://www.futard.io/proposal/8MMGMpLYnxH69j6YWCaLTqsYZuiFz61E5v2MSmkQyZZs
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `8MMGMpLYnxH69j6YWCaLTqsYZuiFz61E5v2MSmkQyZZs`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `De8YzDKudqgeJXqq6i7q82AgxxrQ1JXXfMgfBDZTvJbs`
|
||||||
|
- Proposer: `8W2af4dcNUe4FgtezFSJGJvaWhYAkomgeXuLo3xrHzU6`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-03
|
||||||
|
- Ended: 2025-03-03
|
||||||
29
inbox/archive/2025-03-05-futardio-proposal-proposal-3.md
Normal file
29
inbox/archive/2025-03-05-futardio-proposal-proposal-3.md
Normal file
|
|
@ -0,0 +1,29 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Proposal #3"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/HCHkdhiPh2q9LTyvUpfyfuybPHW7qg1T2vGtiJzGPrsG"
|
||||||
|
date: 2025-03-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Unknown
|
||||||
|
- Proposal: Proposal #3
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-03-05
|
||||||
|
- URL: https://www.futard.io/proposal/HCHkdhiPh2q9LTyvUpfyfuybPHW7qg1T2vGtiJzGPrsG
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `HCHkdhiPh2q9LTyvUpfyfuybPHW7qg1T2vGtiJzGPrsG`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
|
||||||
|
- Proposer: `89VB5UmvopuCFmp5Mf8YPX28fGvvqn79afCgouQuPyhY`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-08
|
||||||
|
- Ended: 2025-03-08
|
||||||
|
|
@ -0,0 +1,77 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
|
||||||
|
date: 2025-03-05
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-03-05
|
||||||
|
- URL: https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
|
||||||
|
- Description: 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.
|
||||||
|
- Discussion: https://research.sanctum.so/t/cloud-003-should-sanctum-use-up-to-2-5m-cloud-to-incentivise-inf-sol-liquidity-via-kamino-vaults
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to incentivize INF-SOL liquidity using up to 2.5M CLOUD by offering liquidity providers a higher initial yield of 20%, transitioning to 15% thereafter, to deepen the liquidity pool via Kamino Vaults.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Liquidity providers (LPs) stand to benefit from enhanced yields, fostering greater participation in the INF-SOL market.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Increasing liquidity could position INF as a leading liquidity hub for LSTs on Solana, attracting larger depositors and enhancing market stability.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The proposal carries the risk that the necessary liquidity may not be achieved, potentially leading to underperformance compared to established alternatives.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
without jupSOL, outperformance is even more significant:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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. See for example this Orca jitoSOL-SOL liquidity diagram:
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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).
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Source: Kamino INF-SOL vault [(Kamino | Solana Concentrated Liquidity Layer)](https://app.kamino.finance/liquidity/Eud3oi6ibDdYyE5UoeaSWH3vttsuSU4ikHc5oY2E9831)
|
||||||
|
|
||||||
|
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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-08
|
||||||
|
- Ended: 2025-03-08
|
||||||
|
|
@ -0,0 +1,109 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Sanctum build a Sanctum Mobile App (“Wonder”)?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/2frDGSg1frwBeh3bc6R7XKR2wckyMTt6pGXLGLPgoota"
|
||||||
|
date: 2025-03-28
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: Should Sanctum build a Sanctum Mobile App (“Wonder”)?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-03-28
|
||||||
|
- URL: https://www.futard.io/proposal/2frDGSg1frwBeh3bc6R7XKR2wckyMTt6pGXLGLPgoota
|
||||||
|
- Description: This proposal would empower the Sanctum team to build a Sanctum mobile app, codenamed “Wonder”.
|
||||||
|
- Discussion: https://research.sanctum.so/t/cloud-004-should-sanctum-build-a-sanctum-mobile-app-wonder/1607
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to develop a mobile app, "Wonder," to onboard users into the crypto space by prioritizing user experience, safety, and engagement, while also considering monetization through various models.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The development of Wonder would directly impact users by providing a user-friendly platform for engaging with crypto, while also affecting the Sanctum team's focus and resources.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
If successful, Wonder could capture significant market share and generate substantial revenue through user engagement and innovative features, similar to successful apps in other sectors.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The project may face risks related to opportunity cost, resource allocation, and the inherent challenges of building a consumer mobile app in a competitive and rapidly evolving market.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
## 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](https://stratechery.com/aggregation-theory/).” 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](https://citeseerx.ist.psu.edu/document?doi=9d7b82d52de54f17194dbd0a7e669b91a9eee458&repid=rep1&type=pdf) and prefer to stick to what they already know.
|
||||||
|
* The market has recognized this opportunity. Phantom [recently raised at a $3B valuation](https://x.com/phantom/status/1880018917068009527). Jupiter trades at a [$1.7B market cap and $6.2B FDV.](https://coinmarketcap.com/currencies/jupiter-ag/) MetaMask made $320M in swap fees and is one of the reasons why Consensys is worth [$2.3B in secondary markets](https://dizraptor.app/offerings/210/).
|
||||||
|
|
||||||
|
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.
|
||||||
|
I think this combination gives us the prerequisite to build a trusted, yet delightful, product — important for people to want to put lots of money.
|
||||||
|
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. I want to build a truly delightful consumer app that lets everyone participate fully in the magic internet economy — to get rich, find meaning, and have fun along the way.
|
||||||
|
|
||||||
|
## 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. Other ideas include co-hosting IRL events with our Sanctum cloudmen to sign up new users.
|
||||||
|
|
||||||
|
## 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.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `2frDGSg1frwBeh3bc6R7XKR2wckyMTt6pGXLGLPgoota`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-03-31
|
||||||
|
- Ended: 2025-03-31
|
||||||
|
|
@ -0,0 +1,50 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Testing v0.3 Transfer"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/2dvNKyxKzVuUMcd89wzfuYjX2RKbJps2Srqu4mJ7LEgC"
|
||||||
|
date: 2025-04-22
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Test DAO
|
||||||
|
- Proposal: Testing v0.3 Transfer
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-04-22
|
||||||
|
- URL: https://www.futard.io/proposal/2dvNKyxKzVuUMcd89wzfuYjX2RKbJps2Srqu4mJ7LEgC
|
||||||
|
- Description: This would be the test example for transferring the MetaDAO treasury of USDC to a newly created v0.4 DAO
|
||||||
|
- Discussion: https://example.com
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to facilitate the transfer of the MetaDAO treasury of USDC to the newly created v0.4 DAO as part of the testing phase.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders will be directly affected by the management and allocation of treasury funds during the transition to the new DAO structure.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful transfer may enhance the operational efficiency and governance of the new v0.4 DAO.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of potential mismanagement or loss of funds during the transfer process if not executed properly.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
This would be the test example for transferring the MetaDAO treasury of USDC to a newly created v0.4 DAO
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `2dvNKyxKzVuUMcd89wzfuYjX2RKbJps2Srqu4mJ7LEgC`
|
||||||
|
- Proposal number: 1
|
||||||
|
- DAO account: `GCSGFCRfCRQDbqtPLa6bV7DCJz26NkejR182or8PNqRw`
|
||||||
|
- Proposer: `8Cwx4yR2sFAC5Pdx2NgGHxCk1gJrtSTxJoyqVonqndhq`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-04-22
|
||||||
|
- Ended: 2025-04-22
|
||||||
|
|
@ -0,0 +1,49 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Testing indexer changes"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/35mgLHTJYhyEWjsLHDd4jZNQ6jwuZ4E214TUm1hA8vB2"
|
||||||
|
date: 2025-07-02
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Test DAO
|
||||||
|
- Proposal: Testing indexer changes
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-07-02
|
||||||
|
- URL: https://www.futard.io/proposal/35mgLHTJYhyEWjsLHDd4jZNQ6jwuZ4E214TUm1hA8vB2
|
||||||
|
- Description: This
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to implement and test changes to the indexer to enhance performance and reliability.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Stakeholders, including developers and users, will benefit from improved data retrieval efficiency.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
Successful implementation could lead to faster application responses and a better user experience.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk that the changes may introduce new bugs, potentially disrupting current system operations.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
is
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `35mgLHTJYhyEWjsLHDd4jZNQ6jwuZ4E214TUm1hA8vB2`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `GCSGFCRfCRQDbqtPLa6bV7DCJz26NkejR182or8PNqRw`
|
||||||
|
- Proposer: `BF8hxzzR4KuVxfsyAUFyy26E6y2GhsSZgBoUQrygwof1`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-07-02
|
||||||
|
- Ended: 2025-07-02
|
||||||
|
|
@ -0,0 +1,101 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Engage in $630,000 OTC Trade with Theia?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/vEMYm3RaJjyuxXbD6EasE9wZpFdCNPGZi1VXt5i8cUb"
|
||||||
|
date: 2025-07-21
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Engage in $630,000 OTC Trade with Theia?
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-07-21
|
||||||
|
- URL: https://www.futard.io/proposal/vEMYm3RaJjyuxXbD6EasE9wZpFdCNPGZi1VXt5i8cUb
|
||||||
|
- Description: Theia wishes to acquire 700 META tokens at a USD price of $900 per token from the MetaDAO Treasury in exchange for $630,000 USDC.
|
||||||
|
- Discussion: https://discord.gg/EpUnckCyuM
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
Theia proposes to acquire 700 META tokens at $900 each for a total of $630,000 USDC, which is a 38% premium to the current market price, to extend MetaDAO's financial runway and engage legal advisory services.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
This investment would provide MetaDAO with immediate capital to support operations and legal structuring, benefiting the DAO's sustainability.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The partnership with Theia could enhance MetaDAO's market position and financial stability, potentially increasing the value of META tokens.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
The sale will deplete MetaDAO's treasury of META holdings, necessitating a careful plan for future token migration and governance.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
### **Definitions**
|
||||||
|
|
||||||
|
* MetaDAO Treasury \- Squads multisig 6awyHMshBGVjJ3ozdSJdyyDE1CTAXUwrpNMaRGMsb4sf
|
||||||
|
* USDC \- EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
|
||||||
|
* META \- METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr
|
||||||
|
|
||||||
|
### **Overview**
|
||||||
|
|
||||||
|
* Theia wishes to acquire 700 META tokens at a USD price of $900 per token from the MetaDAO Treasury in exchange for $630,000 USDC. Importantly, this is a ~38% premium to the liquid market price of META.
|
||||||
|
* Theia is already an active partner to MetaDAO helping across multiple core areas including strategy, research, token structuring/liquidity, US policy and business development as well as by serving as an early activist in MetaDAO’s futarchic markets.
|
||||||
|
* Theia’s $630K investment will be used to extend runway and engage legal advisory services.
|
||||||
|
* MetaDAO will transfer the entire portion of META tokens through a 12 month linear vest Streamflow program.
|
||||||
|
|
||||||
|
**Introduction to Theia**
|
||||||
|
|
||||||
|
Theia is an onchain liquid token fund manager that invests in companies building the Internet Financial System. Theia replicates traditional private investment strategies by taking large positions in small-cap tokens within under-explored parts of the market and working closely with management teams to add value. Theia typically buys liquid tokens through structured and proprietary deals, and holds investments through a two to four-year investment thesis.
|
||||||
|
|
||||||
|
Our team operates on the premise that the Internet Financial System will take share from the existing global financial system by providing innovative and increasingly efficient financial primitives that expand the design space for financial products and accelerate financialization through the Internet. The global financial system represents the largest addressable market in the world and we believe permissionless blockchain technology will expand the TAM.
|
||||||
|
|
||||||
|
Theia is a differentiated partner due to the time and expertise we commit to our portfolio companies as well as our intense focus on core infrastructure and financial applications in EVM and SVM. Our fund strategy is specifically designed to drive value for our portfolio companies; we cap our fund size, maintain a concentrated book of few investments, and seek to hold investments for many years. We work to ensure that each portfolio company has time and ample resources to realize our underwriting model forecast. This allows us to hold for the long term and ignore price fluctuations that are unrelated to business-specific catalysts.
|
||||||
|
|
||||||
|
**Theia is Focused on Token Governance**
|
||||||
|
|
||||||
|
Recently, Theia has taken an active role in attempting to address and improve the problem of Onchain Token Governance. We believe this is a fundamental problem for onchain capital formation and the Internet Capital Markets thesis more broadly. Liquid investors (both fund and individual) lose hundreds of millions of dollars each year to misguided and even fraudulent governance failures. Despite a very favorable institutional and regulatory environment for crypto, We have observed a steady decline in the amount of institutional capital in liquid token markets as well as a decline in the number of businesses seeking to raise capital onchain. We believe Futarchy offers the single best solution to the problem of onchain token governance and would like to be strategic partners to MetaDAO as they bring the concept of Futarchy to market; first on Solana and then the world.
|
||||||
|
|
||||||
|
**Theia describes the Lemon Problem in Token Markets at Research Day:** [https://x.com/TheiaResearch/status/1927536607604715671](https://x.com/TheiaResearch/status/1927536607604715671)
|
||||||
|
|
||||||
|
**Our essay describing the Lemon Problem in Token Markets:** [https://x.com/TheiaResearch/status/1935338529560662527](https://x.com/TheiaResearch/status/1935338529560662527)
|
||||||
|
|
||||||
|
**Theia launches Token Transparency Framework with Blockworks:** [https://x.com/TheiaResearch/status/1935325282497376261](https://x.com/TheiaResearch/status/1935325282497376261)
|
||||||
|
|
||||||
|
**Proposal**
|
||||||
|
|
||||||
|
We have enjoyed our time as partners to MetaDAO over the past six months. We believe we have been value-added partners to MetaDAO over this period, particularly by serving as thought and business partners to Proph3t and Kollan as they build MetaDAO and as active participants in MetaDAO markets. We would encourage any traders to ask Proph3t and Kollan for references on the past few months of our partnership and their expectations for our future contributions.
|
||||||
|
|
||||||
|
We are pleased to submit this offer to acquire META tokens on behalf of Theia. While this proposal outlines specific terms for a token agreement, we continue to believe that an enhanced long-term partnership between Theia and MetaDAO is the most important component of our proposal.
|
||||||
|
|
||||||
|
On behalf of Theia Blockchain Partners Master Fund LP (“Theia”), we submit a bid to acquire 700 META tokens at a USD price of $900 per token. This equates to $630,000 USDC of locked tokens at a ~38% premium to spot price at a 6-month lock.
|
||||||
|
|
||||||
|
Importantly, our investment would provide valuable capital to MetaDAO.
|
||||||
|
|
||||||
|
In general, we believe young companies should have at least 24 months of runway in case market conditions deteriorate or the business takes 1-2 years to get up and running. We believe MetaDAO is currently burning between $100K and $120K each month and has a USD treasury of $1.5M (\~12.5 months of runway assuming no additional growth investments). You can confirm these numbers on [MetaDAO’s Transparency Report](https://metadao.fi/transparency).
|
||||||
|
|
||||||
|
Importantly, we have not sold a single MetaDAO token and have accumulated a substantial open market position in META. We expect to continue increasing our position size in META through open market transactions and trading proposals. We are submitting this proposal in large part because we believe META would be worth more if the underlying business had a larger treasury of USDC.
|
||||||
|
|
||||||
|
**Proph3t and Kollan Statement**
|
||||||
|
|
||||||
|
Theia’s $630,000 USDC investment would be used to extend the runway and expand operating budget to engage legal for regulatory review, legal structuring and tax structuring. Futarchy has garnered attention of organizations and its use and risk of use have brought up questions no one has answered yet. It is important to understand the legal and tax landscape for continued adoption of the novel governance mechanism, futarchy.
|
||||||
|
|
||||||
|
Importantly, this sale will exhaust the DAO treasury of META holdings. It is therefore critical that we plan for the eventual token migration. This equates to minting a new token, creating a conversion contract, a UI for conversion, initializing a new DAO, creating a proposal for transfer of assets and managing the existing liquidity. If passed this proposal is a signal to the team to direct energy towards this as soon as time permits.
|
||||||
|
|
||||||
|
We’re excited about the continued engagement and alignment from Theia. Onwards and upwards.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `vEMYm3RaJjyuxXbD6EasE9wZpFdCNPGZi1VXt5i8cUb`
|
||||||
|
- Proposal number: 14
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-07-24
|
||||||
|
- Ended: 2025-07-24
|
||||||
122
inbox/archive/2025-08-07-futardio-proposal-migrate-meta-token.md
Normal file
122
inbox/archive/2025-08-07-futardio-proposal-migrate-meta-token.md
Normal file
|
|
@ -0,0 +1,122 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Migrate META Token"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe"
|
||||||
|
date: 2025-08-07
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: MetaDAO
|
||||||
|
- Proposal: Migrate META Token
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-08-07
|
||||||
|
- URL: https://www.futard.io/proposal/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe
|
||||||
|
- Description: This proposal recommends migrating META to a mintable, redenominated token.
|
||||||
|
- Discussion: https://discord.gg/yueMhZWwuX
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to migrate the META token by implementing a 1:1000 token split, re-establishing mint and update authority, and transitioning to a new DAO version (0.5) to facilitate market-driven token issuance and governance.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Current METAC holders will be able to convert their tokens to the new META token through a migration process.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The proposed changes aim to improve liquidity and efficiency by reducing protocol-owned liquidity fees from 4% to 0.5% and expanding the token supply to better align with peer organizations.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of confusion or loss of trust among existing token holders during the migration process, particularly if communication and execution are not effectively managed.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**Type:** Operations Direct Action
|
||||||
|
|
||||||
|
**Authors:** Proph3t, Kollan
|
||||||
|
|
||||||
|
|
||||||
|
## **Overview**
|
||||||
|
|
||||||
|
Futarchy is market-driven decision making. To stay true to that principle, it also requires market-driven issuance. A mintable token is essential to fund the organization, incentivize participation, and adapt to changing governance outcomes.
|
||||||
|
|
||||||
|
MetaDAO's token, META (METAC), is no longer fit for purpose: it's unmintable, the DAO’s treasury is exhausted, and unit bias remains an issue. This proposal introduces a 1:1000 token split, re-establishes mint and update authority, and migrates the DAO to version 0.5 (Squads).
|
||||||
|
|
||||||
|
We’re migrating METAC to a new token, META, expanding supply from \~20K to \~20M to align with peer futarchies. Protocol-owned liquidity will also shift from a restrictive 4% fee pool to a 0.50% pool, improving efficiency until FutarchyAMM is live.
|
||||||
|
|
||||||
|
The new META token will be governed by the new DAO, which holds mint and update authority. A migration contract and frontend will let METAC holders convert at any time.
|
||||||
|
|
||||||
|
Work on the migration is already underway and should take up to 1 week. Migration will only proceed if this proposal passes.
|
||||||
|
|
||||||
|
|
||||||
|
## **Specifications**
|
||||||
|
|
||||||
|
| | New (META) | Existing (METAC) |
|
||||||
|
| ----- | ----- | ----- |
|
||||||
|
| Ticker | META | META |
|
||||||
|
| Supply | 20,863,129.001238 | 20,863.129001238 |
|
||||||
|
| Price | \~$0.79875 | \~$798.75 |
|
||||||
|
| Protocol Owned Liquidity Fee | 0.5% | 4% |
|
||||||
|
| Mintable | Yes | No |
|
||||||
|
| Updateable | Yes | Yes |
|
||||||
|
| Decimals | 6 | 9 |
|
||||||
|
| Split Ratio | 1000 | – |
|
||||||
|
|
||||||
|
|
||||||
|
## **Process**
|
||||||
|
|
||||||
|
* This proposal includes a transfer instruction for the new DAO to take custody of onchain assets, including:
|
||||||
|
* 1.2M USDC from account `C6DaJNGP1Xsd1seePqn8BPfQWMxsbBoUSf6Kbagmta2T` to account `BxgkvRwqzYFWuDbRjfTYfgTtb41NaFw1aQ3129F79eBT`
|
||||||
|
* Transfer the remaining USDC (minus funds used for proposal creation) from `6awyHMshBGVjJ3ozdSJdyyDE1CTAXUwrpNMaRGMsb4sf` to the new Squads treasury
|
||||||
|
* Notify LPs to withdraw liquidity from the existing pools
|
||||||
|
* Withdraw protocol-owned liquidity from Meteora
|
||||||
|
* Migrate liquidity to a new AMM LP with:
|
||||||
|
* 0.5% fee tier
|
||||||
|
* Initial price set at time of liquidity removal
|
||||||
|
* Launch the migration frontend upon passing
|
||||||
|
* Supports frontend and script-based interactions
|
||||||
|
* Update token information across:
|
||||||
|
* CoinMarketCap
|
||||||
|
* CoinGecko
|
||||||
|
* Blockworks
|
||||||
|
* Update internal systems (UI, SDKs, tools)
|
||||||
|
* Notify tokenholders and custodians with clear instructions
|
||||||
|
* Announce each milestone publicly as it's completed
|
||||||
|
|
||||||
|
|
||||||
|
## **References**
|
||||||
|
|
||||||
|
* New META token with 20,865,160.717538 supply `METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta`
|
||||||
|
* Launch a new v0.5 DAO using META as its `base_token`
|
||||||
|
* `Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km`
|
||||||
|
* Reduced passing threshold to 1.5%
|
||||||
|
* Established a 120k USDC spending limit monthly
|
||||||
|
* Expected burn is \~$80k, with max previously $120k
|
||||||
|
* Transferred mint and update authority for META to the new DAO controlled Squads vault
|
||||||
|
* `BxgkvRwqzYFWuDbRjfTYfgTtb41NaFw1aQ3129F79eBT`
|
||||||
|
* Deploy a permanent migration contract that accepts METAC and releases META 1:1000
|
||||||
|
* Program `gr8tqq2ripsM6N46gLWpSDXtdrH6J9jaXoyya1ELC9t`
|
||||||
|
* Deployment `4viadAyxnRpHyW2g2NEzjLwGGgLTQK2QBmniJJqXWpXN`
|
||||||
|
|
||||||
|
* [Meteora Protocol Owned Liquidity](https://www.meteora.ag/pools/6t2CdBC26q9tj6jBwPzzFZogtjX8mtmVHUmAFmjAhMSn)
|
||||||
|
* [Current MetaDAO Treasury (Solana Explorer)](https://explorer.solana.com/address/C6DaJNGP1Xsd1seePqn8BPfQWMxsbBoUSf6Kbagmta2T/tokens)
|
||||||
|
* [METAC Token on Solscan](https://solscan.io/token/METADDFL6wWMWEoKTFJwcThTbUmtarRJZjRpzUvkxhr)
|
||||||
|
* [META Token on Solscan](https://solscan.io/token/METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta)
|
||||||
|
* [MetaDAO on CoinMarketCap](https://coinmarketcap.com/currencies/meta-dao/)
|
||||||
|
* [MetaDAO on CoinGecko](https://www.coingecko.com/en/coins/meta-2)
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe`
|
||||||
|
- Proposal number: 15
|
||||||
|
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-08-10
|
||||||
|
- Ended: 2025-08-10
|
||||||
|
|
@ -0,0 +1,56 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Should Sanctum offer investors early unlocks of their CLOUD?"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX"
|
||||||
|
date: 2025-08-20
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: Should Sanctum offer investors early unlocks of their CLOUD?
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-08-20
|
||||||
|
- URL: https://www.futard.io/proposal/C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX
|
||||||
|
- Description: 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.
|
||||||
|
- Discussion: https://research.sanctum.so/t/cloud-005-should-sanctum-offer-investors-early-unlocks-of-their-cloud-under-deliberation/1793
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to allow investors to unlock their vested CLOUD immediately by forfeiting 35% of their holdings to the Team Reserve, potentially increasing the reserve by up to 27 million CLOUD and reducing token overhang.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Investors will gain immediate access to a portion of their CLOUD tokens, while the Sanctum Team will strengthen their reserve.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
This move could enhance liquidity and investor satisfaction by providing early access to funds while bolstering the Team Reserve.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Forfeiting 35% of their tokens may deter some investors and could lead to negative sentiment regarding the token's long-term value.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
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
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `C61vTUyxTq5SWwbrTFEyYeXpGQLKhRRvRrGsu6YUa6CX`
|
||||||
|
- Proposal number: 2
|
||||||
|
- DAO account: `GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-08-23
|
||||||
|
- Ended: 2025-08-23
|
||||||
48
inbox/archive/2025-10-06-futardio-launch-umbra.md
Normal file
48
inbox/archive/2025-10-06-futardio-launch-umbra.md
Normal file
|
|
@ -0,0 +1,48 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Umbra fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/9kx7UDFzFt7e2V4pFtawnupKKvRR3EhV7P1Pxmc5XCQj"
|
||||||
|
date: 2025-10-06
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Umbra
|
||||||
|
- Description: Privacy for swaps and transfers, built on Arcium.
|
||||||
|
- Funding target: $750,000.00
|
||||||
|
- Total committed: $154,943,746.00
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-10-06
|
||||||
|
- URL: https://www.futard.io/launch/9kx7UDFzFt7e2V4pFtawnupKKvRR3EhV7P1Pxmc5XCQj
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Umbra is a privacy protocol designed to bring confidentiality, composability, and compliance-ready infrastructure to the Solana ecosystem.
|
||||||
|
|
||||||
|
With privacy as a cornerstone of financial freedom and secure innovation, Umbra aims to provide a foundation for applications and users to transact with confidence.
|
||||||
|
|
||||||
|
To accelerate this mission, Umbra is launching its token through MetaDAO, creating a community-driven foundation while ensuring aligned incentives for long-term growth.
|
||||||
|
|
||||||
|
You can read more about the ICO details [here](https://x.com/UmbraPrivacy/status/1973785682872062014).
|
||||||
|
|
||||||
|
The token CA is: [`PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta`](https://jup.ag/tokens/PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta)
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://umbraprivacy.com
|
||||||
|
- Twitter: https://umbraprivacy.com/terms-of-use
|
||||||
|
- Discord: https://discord.com/invite/UmbraPrivacy
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `9kx7UDFzFt7e2V4pFtawnupKKvRR3EhV7P1Pxmc5XCQj`
|
||||||
|
- Token: Umbra (UMBRA)
|
||||||
|
- Token mint: `PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $3,000,000.00
|
||||||
|
- Closed: 2025-10-10
|
||||||
55
inbox/archive/2025-10-14-futardio-launch-avici.md
Normal file
55
inbox/archive/2025-10-14-futardio-launch-avici.md
Normal file
|
|
@ -0,0 +1,55 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Avici fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
|
||||||
|
date: 2025-10-14
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Avici
|
||||||
|
- Description: Distributed Internet banking infrastructure
|
||||||
|
- Funding target: $2,000,000.00
|
||||||
|
- Total committed: $34,230,976.00
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-10-14
|
||||||
|
- URL: https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Internet capital markets need internet banking infrastructure.
|
||||||
|
|
||||||
|
Right now, it’s not possible for anyone to bank fully onchain. You still need traditional banks to build a credit score before you can access a home or business loan. The infrastructure for underwriting onchain is almost entirely missing.
|
||||||
|
|
||||||
|
Avici DAO’s purpose is to build distributed internet banking infrastructure with spend cards, an internet native trust score, create unsecured loans, home mortgages to accelerate crypto’s original promise of decreasing the influence of central banks.
|
||||||
|
|
||||||
|
Money didn’t originate from the barter system, that’s a myth. It began as credit. Money isn’t a commodity; it is a social ledger. To gain independence from fiat, we need a social ledger. Most leading research agrees that onchain finance still lacks [reputation-based undercollateralized lending](https://x.com/VitalikButerin/status/1969569289691865416).
|
||||||
|
|
||||||
|
|
||||||
|
Join us by participating in the Sale or by joining the DAO’s core team to help build it. Avici is built to fulfill crypto’s original promise, giving people control over their money again. This is how we replace the bank account of the old world with one owned by the internet.
|
||||||
|
|
||||||
|
Read more: [https://x.com/AviciMoney/status/1977834732160418013](https://x.com/AviciMoney/status/1977834732160418013)
|
||||||
|
|
||||||
|
Token CA: [`BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta`](https://jup.ag/tokens/BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta)
|
||||||
|
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://avici.money
|
||||||
|
- Twitter: https://aviciii.notion.site/Terms-of-Use-150a0cf0de2e8059b9f8d7ec1eae5dad
|
||||||
|
- Discord: https://discord.gg/SJyNkRa6tg
|
||||||
|
- Telegram: https://t.me/Aviciclub
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq`
|
||||||
|
- Token: Avici (AVICI)
|
||||||
|
- Token mint: `BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $3,500,000.00
|
||||||
|
- Closed: 2025-10-18
|
||||||
|
|
@ -0,0 +1,99 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Let's get Futarded."
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
|
||||||
|
date: 2025-10-15
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: coal
|
||||||
|
- Proposal: Let's get Futarded.
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-10-15
|
||||||
|
- URL: https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
|
||||||
|
- Description: $coal is the only futarchy memecoin and, post-Ore transition, the only PoW coin on Solana. If you haven't seen us, check out https://minechain.gg/.
|
||||||
|
|
||||||
|
Let's get Futarded.
|
||||||
|
- Discussion: https://discord.com/channels/1003424756080590878/1428068344959078470
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The proposal aims to onboard $META holders through a one-time airdrop of 420 $coal, increase the total supply of $coal to 25,000,000 to fund a development initiative, and establish a transparent Development Fund for ongoing community and protocol growth.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Eligible $META holders will receive an airdrop, while the broader community benefits from a dedicated fund for development and marketing initiatives.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The proposal could enhance liquidity and support sustainable growth of the $coal ecosystem through increased funding and community involvement.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
There is a risk of inflation in the $coal supply that could affect its value if not managed properly, alongside potential governance challenges in fund disbursement.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
This proposal does 3 things:
|
||||||
|
1/ Onboard META holders: One-time airdrop of 420 $coal to every $META holder (snapshot taken on October 12, 2025).
|
||||||
|
2/ Expand Supply for Growth: One-time mint to enable the airdrop, seed a dev fund, and provide initial liquidity.
|
||||||
|
3/ Establish a Development Fund: Transparent treasury for ongoing development, community initiatives, and integrations.
|
||||||
|
|
||||||
|
Airdrop
|
||||||
|
|
||||||
|
Eligibility: All $META holders at snapshot (2,314 wallets) holding at least $100 worth of $META (notional value).
|
||||||
|
Amount: 420 $coal per eligible wallet.
|
||||||
|
Distribution: Direct airdrop to wallets holding $META at snapshot.
|
||||||
|
|
||||||
|
Supply Update
|
||||||
|
|
||||||
|
Total supply: 21,000,000 → 25,000,000 $coal (one-time increase of 4,000,000). Breakdown of new $coal:
|
||||||
|
- 971,880 → Airdrop (420 * 2,314 holders)
|
||||||
|
- 3,028,120 → Development Fund
|
||||||
|
Mining emissions: Unchanged by this proposal.
|
||||||
|
|
||||||
|
Development Fund
|
||||||
|
|
||||||
|
Purpose:
|
||||||
|
- Support protocol development and futarchy experiments
|
||||||
|
- Reward community contributions, tooling, and integrations
|
||||||
|
- Fund marketing, onboarding, and liquidity seeding
|
||||||
|
- Maintain sustainable runway for growth
|
||||||
|
|
||||||
|
Guardrails:
|
||||||
|
- Manager: DAO treasury
|
||||||
|
- Disbursements: up to 30,000 $coal per month, to Grant (lead dev)
|
||||||
|
- Transparency: Public ledger of inflows/outflows, monthly forum report, verified addresses
|
||||||
|
- Large grants: Any single use of DAO treasury funds, dispersed or not, over 69,000 $coal requires a separate decision market
|
||||||
|
|
||||||
|
Liquidity Kickstart
|
||||||
|
-An OTC buyer is lined up to purchase a portion of the Dev Fund; proceeds will seed the futarchy AMM and bootstrap $coal liquidity.
|
||||||
|
|
||||||
|
**Moving into v.06 DAO governance**
|
||||||
|
|
||||||
|
$coal is a real boy now! We will be migrating to a v.06 DAO. This means we will have a DAO treasury, a futarchy AMM, and all the tools to bring minechain to the masses, sustainably. The following parameters will be set for new proposals:
|
||||||
|
- TWAP delay: 1 day
|
||||||
|
- Minimum liquidity: 1500 USDC, 2000 coal
|
||||||
|
- Pass threshold: 100 bps
|
||||||
|
- Coal staked: 10,000
|
||||||
|
- Proposal length: 3 days
|
||||||
|
|
||||||
|
Voting
|
||||||
|
|
||||||
|
- YES: Approve snapshot airdrop (420 $coal per $META holder), raise max supply to 25,000,000, and establish the Development Fund with the framework above.
|
||||||
|
- NO: Keep current supply; no airdrop, no fund, no liquidity seeding.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
|
||||||
|
- Proposer: `HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-10-18
|
||||||
|
- Ended: 2025-10-18
|
||||||
60
inbox/archive/2025-10-18-futardio-launch-loyal.md
Normal file
60
inbox/archive/2025-10-18-futardio-launch-loyal.md
Normal file
|
|
@ -0,0 +1,60 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Loyal fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/E7kXdSdZrjVFDkLb6V7S8VihKookPviRJ7tXVik9qbdu"
|
||||||
|
date: 2025-10-18
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Loyal
|
||||||
|
- Description: Solana-based private decentralized intelligence protocol.
|
||||||
|
- Funding target: $500,000.00
|
||||||
|
- Total committed: $75,898,233.00
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-10-18
|
||||||
|
- URL: https://www.futard.io/launch/E7kXdSdZrjVFDkLb6V7S8VihKookPviRJ7tXVik9qbdu
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Fight against mass surveillance with us.
|
||||||
|
|
||||||
|
Your chats with AI have no protection. They’re used to put people behind bars, to launch targeted ads and in model training. Every question you ask can and will be used against you. We must defend our own privacy if we expect to have any.
|
||||||
|
|
||||||
|
Loyal is an open source, decentralized, censorship-resistant and auditable intelligence protocol, powered by [MagicBlock](https://x.com/magicblock) & [Arcium](https://x.com/ArciumHQ). It’s the first permissionless protocol of its kind designed with no single point of failure. Computations are run by confidential oracles. Key derivation happens within confidential rollups with granular read controls. Encrypted chats are stored on decentralized storage.
|
||||||
|
|
||||||
|
This is the fight against those who’ll spend billions to see privacy lose. We can’t win it alone. We’ll need as much help as we can get to see our mission through. We’ll need all of you.
|
||||||
|
|
||||||
|
If you resonate with this mission, the best way to support us is through this ICO.
|
||||||
|
|
||||||
|
You can read more about Loyal here: [https://docs.askloyal.com](https://docs.askloyal.com)
|
||||||
|
|
||||||
|
You can read the lightpaper here: [https://docs.askloyal.com/resources/links](https://docs.askloyal.com/resources/links)
|
||||||
|
|
||||||
|
Token CA: [`LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta`](https://jup.ag/tokens/LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta)
|
||||||
|
|
||||||
|
|
||||||
|
[Telegram community](https://tg.askloyal.com)
|
||||||
|
[Website](https://askloyal.com)
|
||||||
|
[Github](https://github.com/loyal-labs)
|
||||||
|
[X](https://x.com/loyal_hq)
|
||||||
|
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://askloyal.com
|
||||||
|
- Twitter: https://askloyal.com/tos
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `E7kXdSdZrjVFDkLb6V7S8VihKookPviRJ7tXVik9qbdu`
|
||||||
|
- Token: Loyal (LOYAL)
|
||||||
|
- Token mint: `LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $2,500,000.00
|
||||||
|
- Closed: 2025-10-22
|
||||||
61
inbox/archive/2025-10-20-futardio-launch-zklsol.md
Normal file
61
inbox/archive/2025-10-20-futardio-launch-zklsol.md
Normal file
|
|
@ -0,0 +1,61 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: ZKLSOL fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/4h248CdXdeWtxWnHxEPqa5ruYZaEwXRZPyDFYnndbzpR"
|
||||||
|
date: 2025-10-20
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: ZKLSOL
|
||||||
|
- Description: Permissionless yield generating privacy protocol.
|
||||||
|
- Funding target: $300,000.00
|
||||||
|
- Total committed: $14,886,359.00
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-10-20
|
||||||
|
- URL: https://www.futard.io/launch/4h248CdXdeWtxWnHxEPqa5ruYZaEwXRZPyDFYnndbzpR
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Cryptocurrency mixers enable blockchain privacy by pooling and shuffling funds to break transaction links on public ledgers.
|
||||||
|
|
||||||
|
Yet, they embody a core paradox: robust anonymity requires funds to dwell in the mixer for extended periods, allowing diverse user activities to mask individual traces.
|
||||||
|
|
||||||
|
This delays access to capital, clashing with users' need for swift liquidity in volatile markets and incurring opportunity costs like foregone yields.
|
||||||
|
|
||||||
|
ZKLSOL (Zero-Knowledge Liquid Staking on Solana) addresses this by basing its mixer on Liquid Staking Tokens (LSTs).
|
||||||
|
|
||||||
|
Upon deposit, SOL converts to LST, which is staked. Users thus earn rewards during the waiting period, offsetting delays.
|
||||||
|
|
||||||
|
The user withdraws the LST after a sufficient waiting period, without any loss of yield.
|
||||||
|
|
||||||
|
This design bridges security and efficiency, promoting wider DeFi privacy adoption by aligning anonymity with economic incentives.
|
||||||
|
|
||||||
|
- Follow our progress on [https://roadmap.zklsol.org](https://roadmap.zklsol.org)
|
||||||
|
- Visit our devnet app at [https://app.zklsol.org](https://app.zklsol.org)
|
||||||
|
- Read our documentation at [https://docs.zklsol.org](https://docs.zklsol.org)
|
||||||
|
|
||||||
|
Token CA: [`ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta`](https://jup.ag/tokens/ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta)
|
||||||
|
|
||||||
|
|
||||||
|
- [Telegram community](https://tg.zklsol.org/)
|
||||||
|
- [X](https://x.com/ZKLSOL)
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://zklsol.org
|
||||||
|
- Twitter: https://terms.zklsol.org/
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `4h248CdXdeWtxWnHxEPqa5ruYZaEwXRZPyDFYnndbzpR`
|
||||||
|
- Token: ZKFG (ZKFG)
|
||||||
|
- Token mint: `ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $969,420.00
|
||||||
|
- Closed: 2025-10-24
|
||||||
|
|
@ -0,0 +1,116 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: DeFiance Capital - CLOUD Token Acquisition Proposal"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj"
|
||||||
|
date: 2025-10-22
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: Sanctum
|
||||||
|
- Proposal: DeFiance Capital - CLOUD Token Acquisition Proposal
|
||||||
|
- Status: Failed
|
||||||
|
- Created: 2025-10-22
|
||||||
|
- URL: https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj
|
||||||
|
- Description: DeFiance Capital proposes to purchase 5% (13.7m CLOUD) of the CLOUD community reserve tokens.
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
DeFiance Capital proposes to acquire 13.7 million CLOUD tokens (5% of the community reserve) to strengthen its strategic partnership with Sanctum and enhance community value through ongoing support and resources.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
The acquisition will provide the Sanctum community reserve with additional funds, enabling enhanced ecosystem development and operational capabilities.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The collaboration is expected to increase market exposure and adoption of Sanctum's products through DeFiance Capital's extensive network in both crypto and traditional finance.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Potential risks include market volatility affecting the acquisition price and reliance on DeFiance Capital's continued commitment and performance in promoting Sanctum's interests.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
**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.
|
||||||
|
|
||||||
|
|
||||||
|
**Proposal**
|
||||||
|
|
||||||
|
**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. Our investment philosophy centers on identifying and supporting projects that demonstrate strong fundamentals, innovative technology, and the potential for significant ecosystem impact \- with Sanctum being a key example.
|
||||||
|
|
||||||
|
**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**
|
||||||
|
|
||||||
|
Our commitment to Sanctum's growth has continued to evolve:
|
||||||
|
|
||||||
|
* **LST Partnership Development**: We facilitated key introductions between Sanctum and various Solana DATs (Digital Asset Treasuries), enabling strategic LST (Liquid Staking Token) partnerships that expanded Sanctum's ecosystem presence.
|
||||||
|
* **Market Exposure**: We actively encouraged the team to present CLOUD at industry events and worked collaboratively to refine their pitch, increasing exposure to liquid funds and institutional investors.
|
||||||
|
* **Strategic Advisory**: Ongoing guidance on positioning and growth strategy within the rapidly evolving Solana ecosystem.
|
||||||
|
|
||||||
|
**Future Value Addition**
|
||||||
|
|
||||||
|
DeFiance Capital commits to the following ongoing support:
|
||||||
|
|
||||||
|
1. **Institutional Promotion**: Active promotion of Sanctum's products to our extensive network of crypto funds and traditional finance institutions, opening new channels for adoption and liquidity.
|
||||||
|
2. **DAT Integration**: Facilitate seamless integration with all major DATs, ensuring Sanctum maintains its competitive edge in the liquid staking landscape.
|
||||||
|
3. **Strategic Advisory**: Continue providing strategic guidance on product development, partnerships, and market positioning.
|
||||||
|
|
||||||
|
We seek to acquire CLOUD tokens and ensure that the community reserve gains funds that can be strategically deployed in the future.
|
||||||
|
|
||||||
|
|
||||||
|
**Operations Details**
|
||||||
|
|
||||||
|
**Acquisition Terms**
|
||||||
|
|
||||||
|
* **Amount**: 13.7M CLOUD (5% of of Community Reserve supply)
|
||||||
|
* **Price**: $0.12; This is the 30-day TWAP price of CLOUD when we initially submitted the proposal to the Sanctum team
|
||||||
|
* **Payment Currency:** USDC
|
||||||
|
* **Payment to**: Sanctum Community Reserve
|
||||||
|
|
||||||
|
**Use of Proceeds**
|
||||||
|
|
||||||
|
The cash raised from this token sale will be transferred to the Sanctum's Community Reserve. This injection of resources will enable Sanctum to accelerate ecosystem development and strengthen its operational capabilities.
|
||||||
|
|
||||||
|
**Transparency & Governance**
|
||||||
|
|
||||||
|
* All transactions will be executed **fully on-chain**
|
||||||
|
* Complete transparency of token acquisition and holdings
|
||||||
|
* Adherence to all governance processes established by Sanctum
|
||||||
|
|
||||||
|
**Execution Timeline**
|
||||||
|
|
||||||
|
Upon approval, the acquisition will proceed according to the community's governance timeline with all relevant transaction details made publicly available.
|
||||||
|
|
||||||
|
|
||||||
|
**Conclusion**
|
||||||
|
|
||||||
|
This proposal represents a natural deepening of a partnership that has already proven mutually beneficial over multiple years. DeFiance Capital's acquisition of community reserve CLOUD aligns our incentives with the community while ensuring we continue to provide maximum strategic value to Sanctum's growth and success.
|
||||||
|
|
||||||
|
We look forward to the community's feedback and approval of this proposal.
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj`
|
||||||
|
- Proposal number: 3
|
||||||
|
- DAO account: `GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov`
|
||||||
|
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-10-25
|
||||||
|
- Ended: 2025-10-25
|
||||||
50
inbox/archive/2025-10-23-futardio-launch-paystream.md
Normal file
50
inbox/archive/2025-10-23-futardio-launch-paystream.md
Normal file
|
|
@ -0,0 +1,50 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Paystream fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/13YpYe4k5GPaD2vZvvY7v7if31S1Wu8yWShkQs8MzLNh"
|
||||||
|
date: 2025-10-23
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Paystream
|
||||||
|
- Description: Liquidity Optimizer For Solana
|
||||||
|
- Funding target: $550,000.00
|
||||||
|
- Total committed: $6,149,247.00
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-10-23
|
||||||
|
- URL: https://www.futard.io/launch/13YpYe4k5GPaD2vZvvY7v7if31S1Wu8yWShkQs8MzLNh
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Paystream is a modular Solana protocol that unifies **peer-to-peer lending, leveraged liquidity provisioning, and yield routing** into a single, capital-efficient engine.
|
||||||
|
It matches lenders and borrowers at fair mid-market rates, turning idle capital into productive liquidity through automated routing and leverage-enabled LP strategies across **Raydium CLMM, Meteora DLMM, and DAMM v2** pools.
|
||||||
|
|
||||||
|
This system eliminates the wide APY spreads seen in pool-based models like Kamino and Juplend, delivering **higher yields for lenders, lower rates for borrowers, and zero idle funds**. Every dollar on Paystream is always moving, always earning.
|
||||||
|
|
||||||
|
To advance this mission, **Paystream is raising through MetaDAO**, creating a community-driven foundation with incentives designed for long-term, sustainable growth.
|
||||||
|
|
||||||
|
**Read more about Paystream:** [https://paystream.finance](https://paystream.finance)
|
||||||
|
**Follow us on X:** [https://x.com/paystreamlabs](https://x.com/paystreamlabs)
|
||||||
|
**Explore the Docs:** [https://docs.paystream.finance](https://docs.paystream.finance)
|
||||||
|
**Token CA:** [`PAYZP1W3UmdEsNLJwmH61TNqACYJTvhXy8SCN4Tmeta`](https://jup.ag/tokens/PAYZP1W3UmdEsNLJwmH61TNqACYJTvhXy8SCN4Tmeta)
|
||||||
|
**Dive into Tokenomics [here](https://x.com/Paystreamlabs/status/1980173375935742010).**
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://paystream.finance/
|
||||||
|
- Twitter: https://www.paystream.finance/terms-of-use
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `13YpYe4k5GPaD2vZvvY7v7if31S1Wu8yWShkQs8MzLNh`
|
||||||
|
- Token: Paystream (PAYS)
|
||||||
|
- Token mint: `PAYZP1W3UmdEsNLJwmH61TNqACYJTvhXy8SCN4Tmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $750,000.00
|
||||||
|
- Closed: 2025-10-27
|
||||||
|
|
@ -0,0 +1,267 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Meta-PoW: The ORE Treasury Protocol"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
|
||||||
|
date: 2025-11-07
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana, governance]
|
||||||
|
event_type: proposal
|
||||||
|
---
|
||||||
|
|
||||||
|
## Proposal Details
|
||||||
|
- Project: coal
|
||||||
|
- Proposal: Meta-PoW: The ORE Treasury Protocol
|
||||||
|
- Status: Passed
|
||||||
|
- Created: 2025-11-07
|
||||||
|
- URL: https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
|
||||||
|
- Description: We are introducing “Meta-PoW”, which moves mining power into pickaxes and turns crafting into a deterministic engine that accrues ORE into the COAL treasury.
|
||||||
|
- Discussion: https://discord.com/channels/1003424756080590878/1436448452631593091
|
||||||
|
|
||||||
|
## Summary
|
||||||
|
|
||||||
|
### 🎯 Key Points
|
||||||
|
The Meta-PoW proposal aims to establish a sustainable economic model for COAL by creating a loop that accumulates ORE in the treasury, ties player behavior to COAL/ORE price dynamics, and is easily implementable on the Solana blockchain.
|
||||||
|
|
||||||
|
### 📊 Impact Analysis
|
||||||
|
#### 👥 Stakeholder Impact
|
||||||
|
Players will benefit from a stable mining and crafting system that incentivizes maintaining tools rather than constant recrafting.
|
||||||
|
|
||||||
|
#### 📈 Upside Potential
|
||||||
|
The model promotes efficient resource management, potentially increasing the flow of ORE into the treasury as demand grows with COAL emissions.
|
||||||
|
|
||||||
|
#### 📉 Risk Factors
|
||||||
|
Fluctuations in COAL and ORE prices could disrupt the balance of the system, impacting player engagement and resource stability.
|
||||||
|
|
||||||
|
## Content
|
||||||
|
|
||||||
|
Forge INGOT using COAL and ORE.
|
||||||
|
|
||||||
|
Craft pickaxes using COAL, INGOT, and WOOD.
|
||||||
|
|
||||||
|
Mine COAL with pickaxes.
|
||||||
|
|
||||||
|
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, so players maintain their gear instead of churning it.
|
||||||
|
|
||||||
|
Goal: simple, mechanical “ownership coin” loop that:
|
||||||
|
1. reliably accumulates ORE in the COAL treasury,
|
||||||
|
2. ties behavior to COAL/ORE price dynamics,
|
||||||
|
3. is straightforward to implement on Solana.
|
||||||
|
|
||||||
|
1) Tokens
|
||||||
|
|
||||||
|
COAL
|
||||||
|
- Mineable token with fixed max supply and halving-band emissions.
|
||||||
|
- Used for:
|
||||||
|
- Smelting (burned)
|
||||||
|
- Pickaxe license (burned)
|
||||||
|
|
||||||
|
ORE
|
||||||
|
- External hard asset and treasury unit.
|
||||||
|
- Paid only at smelting.
|
||||||
|
- All ORE paid at smelt goes to the COAL treasury.
|
||||||
|
|
||||||
|
INGOT
|
||||||
|
- INGOT unit used to craft and repair tools.
|
||||||
|
- Minted only by smelting (burn COAL + pay ORE).
|
||||||
|
|
||||||
|
WOOD
|
||||||
|
- Used for crafting and repairing tools.
|
||||||
|
- Produced by axes.
|
||||||
|
- No direct role in emissions or ORE accounting.
|
||||||
|
|
||||||
|
2) COAL Emissions
|
||||||
|
|
||||||
|
Max supply:
|
||||||
|
S_max = 25,000,000 COAL
|
||||||
|
|
||||||
|
Halving bands:
|
||||||
|
- Every 5% of S_max added to circulation advances a band.
|
||||||
|
- Band step: h = 0.05 * S_max = 1,250,000 COAL
|
||||||
|
- Band index: k_t = floor((C_t - C_0) / h)
|
||||||
|
- Daily emissions: R_t = R_0 * 2^(-k_t), with R_0 = 11,250 COAL/day initially
|
||||||
|
|
||||||
|
Meta-PoW does not change R_t. It defines how R_t is accessed via tools.
|
||||||
|
|
||||||
|
3) Smelting (only place ORE is paid)
|
||||||
|
|
||||||
|
To smelt 1 INGOT:
|
||||||
|
- Burn 100 COAL
|
||||||
|
- Pay μ ORE to the COAL treasury
|
||||||
|
|
||||||
|
Key points:
|
||||||
|
- ORE enters only at smelt.
|
||||||
|
- No ORE is charged at craft or repair.
|
||||||
|
- INGOT is the on-chain proof of COAL burn plus ORE fee.
|
||||||
|
|
||||||
|
|
||||||
|
Baseline calibration:
|
||||||
|
- μ is chosen so a fully maintained pick maps to roughly 1 ORE/day of smelt-driven inflow.
|
||||||
|
- Current μ ≈ 12.10 ORE per INGOT.
|
||||||
|
|
||||||
|
4) Pickaxes (mining tools)
|
||||||
|
|
||||||
|
Pickaxes:
|
||||||
|
- Gate access to COAL emissions.
|
||||||
|
- Indirectly drive ORE inflow via INGOT demand (smelting).
|
||||||
|
|
||||||
|
|
||||||
|
Crafting a pickaxe:
|
||||||
|
- 1 INGOT
|
||||||
|
- 8 WOOD
|
||||||
|
- c(y) COAL burned as a license
|
||||||
|
|
||||||
|
|
||||||
|
Where:
|
||||||
|
- y = P_ORE / P_COAL (ORE price in COAL)
|
||||||
|
- c(y) is dynamic (see Section 7).
|
||||||
|
|
||||||
|
|
||||||
|
Evergreen behavior:
|
||||||
|
- Each pick has power p between 0 and 1.
|
||||||
|
- If repaired for the day, p stays at 1.
|
||||||
|
- If not repaired, p decays by 4% per day:
|
||||||
|
- p_next = 0.96 * p
|
||||||
|
|
||||||
|
Daily repair cost to maintain full power:
|
||||||
|
- r_ing_total INGOT
|
||||||
|
- 0.3 WOOD
|
||||||
|
|
||||||
|
Calibration:
|
||||||
|
- r_ing_total is set so that:
|
||||||
|
- Repairing is cheaper than constantly recrafting.
|
||||||
|
- A fully maintained pick effectively corresponds to about 1 ORE/day of smelt demand into the treasury.
|
||||||
|
|
||||||
|
Current calibration:
|
||||||
|
- r_ing_total ≈ 0.082643 INGOT per day.
|
||||||
|
|
||||||
|
Result:
|
||||||
|
- Rational players maintain picks.
|
||||||
|
- The number of active, fully repaired picks is the key state variable.
|
||||||
|
- In equilibrium:
|
||||||
|
- ORE per day to the treasury is approximately equal to the number of active, fully repaired picks.
|
||||||
|
|
||||||
|
5) Axes (WOOD tools)
|
||||||
|
|
||||||
|
Axes exist to supply WOOD so that pick crafting and repairs are not bottlenecked.
|
||||||
|
|
||||||
|
Crafting an axe:
|
||||||
|
- 1 INGOT
|
||||||
|
- 6 WOOD
|
||||||
|
|
||||||
|
Daily repair (to maintain full power):
|
||||||
|
- r_ing_total INGOT
|
||||||
|
- 0.25 WOOD
|
||||||
|
|
||||||
|
Output:
|
||||||
|
- w0 WOOD per day per fully repaired axe (for example 3–5, set by governance).
|
||||||
|
|
||||||
|
Rules:
|
||||||
|
- Axes do not receive COAL emissions.
|
||||||
|
- Axes are excluded from ORE accrual logic.
|
||||||
|
- Any ORE used to smelt their INGOT is incidental.
|
||||||
|
- Their purpose is to keep WOOD supply healthy for the system.
|
||||||
|
|
||||||
|
|
||||||
|
6) Decay and repair logic
|
||||||
|
For both picks and axes:
|
||||||
|
- If you skip repair, tool power decays by 4% per day.
|
||||||
|
- If you decide to repair later, you pay the accumulated repair cost (INGOT + WOOD for each missed day) to restore full power.
|
||||||
|
|
||||||
|
This:
|
||||||
|
- Makes tools evergreen (no permanent break),
|
||||||
|
- Keeps a consistent economic choice (repair vs abandon and recraft),
|
||||||
|
- Avoids churn and keeps the system state stable.
|
||||||
|
|
||||||
|
7) Pick license c(y)
|
||||||
|
|
||||||
|
The license is an extra COAL burn paid once when crafting a pick. It is the main macro throttle.
|
||||||
|
Definition:
|
||||||
|
- c(y) = c0 * (y / y_ref)^p
|
||||||
|
- Clamped so that c_min ≤ c(y) ≤ c_max
|
||||||
|
- y = P_ORE / P_COAL using an EMA-smoothed TWAP
|
||||||
|
|
||||||
|
Suggested defaults:
|
||||||
|
- c0 = 200 COAL
|
||||||
|
- y_ref = 50
|
||||||
|
- p = 3
|
||||||
|
- c_min = 1
|
||||||
|
- c_max = 300
|
||||||
|
|
||||||
|
Behavior:
|
||||||
|
- When COAL is strong relative to ORE (y low):
|
||||||
|
- c(y) decreases
|
||||||
|
- More picks are economically viable
|
||||||
|
- More smelting and more ORE flows into the treasury
|
||||||
|
- When COAL is weak relative to ORE (y high):
|
||||||
|
- c(y) increases
|
||||||
|
- Crafting slows
|
||||||
|
- The system self-throttles without intervention
|
||||||
|
|
||||||
|
Notes:
|
||||||
|
- The license is paid in COAL only.
|
||||||
|
- That COAL is burned, not sent to the treasury.
|
||||||
|
- It is a control parameter, not a revenue stream.
|
||||||
|
|
||||||
|
8) Mechanics summary
|
||||||
|
|
||||||
|
Given daily emissions R_t:
|
||||||
|
|
||||||
|
COAL:
|
||||||
|
- Minted as emissions to pick holders based on pick power.
|
||||||
|
- Burned via:
|
||||||
|
- Pick licenses at craft (c(y))
|
||||||
|
- Smelting for INGOT (100 COAL per INGOT)
|
||||||
|
|
||||||
|
INGOT:
|
||||||
|
- Produced by smelting (COAL burn + ORE fee).
|
||||||
|
- Consumed by:
|
||||||
|
- Crafting picks and axes
|
||||||
|
- Repairing picks and axes
|
||||||
|
- ts demand drives both COAL burn and ORE inflow.
|
||||||
|
|
||||||
|
ORE:
|
||||||
|
- Only spent at smelting.
|
||||||
|
- 100% sent directly to the COAL treasury.
|
||||||
|
|
||||||
|
With the current calibration:
|
||||||
|
- Each active, fully repaired pick is designed to support approximately:
|
||||||
|
- 1 ORE per day of inflow to the treasury
|
||||||
|
- 8.26 COAL per day burned via smelting
|
||||||
|
- subject to real player behavior and market conditions.
|
||||||
|
|
||||||
|
9) Governance parameters
|
||||||
|
|
||||||
|
Meta governance can tune:
|
||||||
|
- License curve:
|
||||||
|
- c0, y_ref, p, c_min, c_max
|
||||||
|
- EMA smoothing window for y
|
||||||
|
- Repair and decay:
|
||||||
|
- Daily decay rate (currently 4%)
|
||||||
|
- r_ing_total if a different ORE/day target per pick is desired
|
||||||
|
- Axes:
|
||||||
|
- w0 (WOOD/day per axe), to maintain adequate WOOD supply
|
||||||
|
- Future adjustments: μ and related parameters if ORE flow targets or market realities change
|
||||||
|
|
||||||
|
10) User Interface (GUI)
|
||||||
|
A GUI will be created on minechain.gg that allows for anyone to mine, smelt, chop, and craft!
|
||||||
|
|
||||||
|
Note: this proposal allows parameters to be slightly adjusted by the core team before launch, upon feedback from the community.
|
||||||
|
|
||||||
|
VOTE
|
||||||
|
Vote YES – adopt Meta-PoW as the new COAL economic model.
|
||||||
|
Vote NO – keep the current model unchanged.
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Proposal account: `G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg`
|
||||||
|
- Proposal number: 4
|
||||||
|
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
|
||||||
|
- Proposer: `HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC`
|
||||||
|
- Autocrat version: 0.3
|
||||||
|
- Completed: 2025-11-10
|
||||||
|
- Ended: 2025-11-10
|
||||||
71
inbox/archive/2025-11-14-futardio-launch-solomon.md
Normal file
71
inbox/archive/2025-11-14-futardio-launch-solomon.md
Normal file
|
|
@ -0,0 +1,71 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Solomon fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE"
|
||||||
|
date: 2025-11-14
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Solomon
|
||||||
|
- Description: The composable dollar that always earns
|
||||||
|
- Funding target: $2,000,000.00
|
||||||
|
- Total committed: $102,932,673.08
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2025-11-14
|
||||||
|
- URL: https://www.futard.io/launch/634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Solomon is building a more composable dollar: a dollar that stays at a dollar, doesn’t rebase, and earns. Across DeFi, from DEXs to perps to money markets, most balances sit in stablecoins that pay no yield. Over $150B of stable capital is idle across chains because today’s yield designs require staking into a separate, drifting or rebasing unit. That breaks dollar composability and makes integrations near-impossible.
|
||||||
|
|
||||||
|
Solomon changes this.
|
||||||
|
|
||||||
|
USDv is the dollar you spend and integrate. Solana-native, composable, and kept at $1 via two-way market making. Anyone can stake USDv for sUSDv (permissionless). sUSDv accrues the yield we capture from our basis trade strategy (long spot, short perp) and T-bills (in the works), with distributions dripped to the staking contract multiple times a week to keep flows smooth and prevent front running. If you’re a treasury, LP, or protocol that can’t (or won’t) stake, our permissioned Yield-as-a-Service (YaaS) stream delivers the same yield directly to USDv while USDv remains par and composable as a dollar. It's one dollar, two paths, covering the whole market.
|
||||||
|
|
||||||
|
In the back end we've built a yield engine that runs the basis strategy end-to-end: automated trading infrastructure that reads the order books and places trades at the API level with safeguards and risk assessments. Custody is segregated with Ceffu, and assets held there carry insurance coverage. Our Solana programs are audited and restricted to custody transfers only, with all admin operations secured via Squads multisig.
|
||||||
|
|
||||||
|
For the past year, Solomon has run live in closed beta with real users and seven figures in TVL. We handled multiple market shocks, including the October 10th Binance price dislocation, with zero incidents.
|
||||||
|
|
||||||
|
Solomon is the first stablecoin system that can sit everywhere money sits. Wallets, LP inventories, collateral, treasuries, payments, all while earning.
|
||||||
|
|
||||||
|
**Raise plan:**
|
||||||
|
|
||||||
|
**Default Structure:** 20% of gross allocated by MetaDAO to seed Solomon token liquidity; 80% nets to Solomon DAO treasury
|
||||||
|
|
||||||
|
**Minimum close:** $2M, sufficient runway to bootstrap
|
||||||
|
|
||||||
|
**Ideal target:** ~$5M to $8M - This amount will only be taken if the sale is oversubscribed by orders of magnitude. We want real unmet demand after the raise closes.
|
||||||
|
|
||||||
|
**Use of target capital:** (1) put the treasury to work day one (generate ~16% APR) (2) fund liquidity-mining to accelerate TVL growth (3) seed deeper USDv/USDC liquidity and (4) reduce fees and improve terms with venues (custody providers and exchanges)
|
||||||
|
|
||||||
|
**ICO details:** [https://x.com/solomon_labs/status/1988037282025091290](https://x.com/solomon_labs/status/1988037282025091290)
|
||||||
|
|
||||||
|
- [Website](https://solomonlabs.org 'Solomon Website')
|
||||||
|
- [X](https://x.com/solomon_labs 'X')
|
||||||
|
- [Telegram](https://t.me/solomonlabs 'Telegram Community')
|
||||||
|
- [Discord](https://discord.gg/solomonlabs 'Discord Community')
|
||||||
|
- [Docs](https://docs.solomonlabs.org 'Solomon Docs')
|
||||||
|
- [Blog](https://blog.solomonlabs.org 'Solomon Blog')
|
||||||
|
|
||||||
|
|
||||||
|
**Token:** [`SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`](https://jup.ag/tokens/SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta 'Solomon Token Address')
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://solomonlabs.org
|
||||||
|
- Twitter: https://solomonlabs.org/terms-of-service
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `634r63NH2qbTrSVyLieC3Ab3YKaEfoGnCLM8idZMEycE`
|
||||||
|
- Token: SOLO (SOLO)
|
||||||
|
- Token mint: `SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`
|
||||||
|
- Version: v0.6
|
||||||
|
- Final raise: $8,000,000.00
|
||||||
|
- Closed: 2025-11-18
|
||||||
195
inbox/archive/2026-01-01-futardio-launch-mycorealms.md
Normal file
195
inbox/archive/2026-01-01-futardio-launch-mycorealms.md
Normal file
|
|
@ -0,0 +1,195 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Mycorealms fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/zwVfLheTvbXN5Vn2tZxTc8KaaVnLoBFgbZzskdFnPUb"
|
||||||
|
date: 2026-01-01
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Mycorealms
|
||||||
|
- Description: MycoRealms is raising to build, operate and scale sustainable agri ecosystem — governed entirely through MetaDAO's futarchy system
|
||||||
|
- Funding target: $125,000.00
|
||||||
|
- Total committed: N/A
|
||||||
|
- Status: Initialized
|
||||||
|
- Launch date: 2026-01-01
|
||||||
|
- URL: https://www.futard.io/launch/zwVfLheTvbXN5Vn2tZxTc8KaaVnLoBFgbZzskdFnPUb
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
# MycoRealms: The First Futarchy-Governed Farm on Solana
|
||||||
|
|
||||||
|
We grow mushrooms. The community funds and governs the farms. Every decision, expense, and harvest is public.
|
||||||
|
|
||||||
|
MycoRealms is raising to build, operate and scale sustainable agri ecosystem — governed entirely through MetaDAO's futarchy system
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## What we're building
|
||||||
|
|
||||||
|
The aim is to build a farming ecosystem with multiple sources of revenue, starting with a climate-controlled button mushroom production facility that generates revenue all year round. It's clean and sustainable. Plan to enter medicinal mushrooms and export after scaling edible mushroom farm to 12 growing rooms.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Use of Funds
|
||||||
|
|
||||||
|
Phase 1 infrastructure ($50K CAPEX):
|
||||||
|
|
||||||
|
- Accommodation and base construction
|
||||||
|
- 3 growing rooms with PUF insulation and automated climate control
|
||||||
|
- DG set and supporting infrastructure
|
||||||
|
- Working capital for initial operations (compost sourced externally for first cycles)
|
||||||
|
|
||||||
|
All major capital expenditures will be proposed and executed through futarchy governance.
|
||||||
|
|
||||||
|
> The first proposal post-raise will be a **$50,000 USD CAPEX** withdrawal to initiate construction and infrastructure setup. This proposal must pass through decision markets before funds are deployed.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Why mushrooms
|
||||||
|
|
||||||
|
- Fast crop cycles (multiple per year)
|
||||||
|
- Fully measurable variables — temperature, humidity, CO2, yield
|
||||||
|
- Large and growing market
|
||||||
|
- Highly standardized production system suitable for transparent reporting
|
||||||
|
- Economics of scale
|
||||||
|
- High margin specially for medicinal ones
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## What we've done so far
|
||||||
|
|
||||||
|
We spent all of 2025 preparing.
|
||||||
|
|
||||||
|
- Interned with scientists at ICAR-DMR Solan (India's national mushroom research institute)
|
||||||
|
- Worked hands-on in commercial farms
|
||||||
|
- Conducted market research across multiple states
|
||||||
|
- Collected vendor quotations and compared suppliers
|
||||||
|
- Verbal commitments from 15+ wholesalers
|
||||||
|
- Built a Detailed Project Report aligned with ICAR economic models
|
||||||
|
- Designed an application layer for document uploads and operational logs
|
||||||
|
- Secured preliminary farm location and climate-control quotations
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Team
|
||||||
|
|
||||||
|
**crypticmeta** — freelance blockchain developer on Solana and Bitcoin since 2018. Previously built and scaled [OrdinalNovus](https://coinranking.com/exchange/4YiruhW_y+ordinalnovus), a CBRC token exchange on Bitcoin Ordinals that hit $30M in trading volume. Now applying that experience to real-world agriculture.
|
||||||
|
|
||||||
|
**Ram** — 5+ years in commercial mushroom production. Has managed operations across 5–6 growing units, handling end-to-end production, supplier sourcing, and wholesale distribution across 5 states. Leads all on-ground operations for MycoRealms.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## How governance works
|
||||||
|
|
||||||
|
There is no voting in MycoRealms. There is only trading.
|
||||||
|
|
||||||
|
When a proposal is made — for example, "Release $50K USDC for CAPEX investment in infrastructure" — two conditional markets open. Traders buy into whichever outcome they believe creates more value. The market determines the result.
|
||||||
|
|
||||||
|
The team cannot access the treasury directly. We operate on a defined monthly allowance. Any expenditure beyond that allowance requires a futarchy proposal and market approval.
|
||||||
|
|
||||||
|
Every invoice, expense, harvest record, and operational photo will be published on our public ops ledger via Arweave. Transparency is the default.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Raise details
|
||||||
|
|
||||||
|
| | |
|
||||||
|
| --------------------- | ------------------------------------- |
|
||||||
|
| **Raise Target** | $125,000 USDC |
|
||||||
|
| **Monthly Allowance** | $10,000 |
|
||||||
|
| **Raise Window** | 72 hours on Futardio (permissionless) |
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
**Total Token Supply** — 15.9M max (12.9M circulating at launch):
|
||||||
|
|
||||||
|
| Allocation | Tokens | Share |
|
||||||
|
| ------------------------ | -----: | ----: |
|
||||||
|
| ICO tokens | 10M | 62.9% |
|
||||||
|
| Liquidity provision | 2.9M | 18.2% |
|
||||||
|
| Team performance package | 3.0M | 18.9% |
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
**Liquidity provision breakdown:**
|
||||||
|
|
||||||
|
- 2M tokens on Futarchy AMM
|
||||||
|
- 900K tokens on Meteora pool
|
||||||
|
- 20% of funds raised ($25K) paired with LP tokens
|
||||||
|
|
||||||
|
> If the raise does not reach $125K within 72 hours — **full refunds.**
|
||||||
|
> If the target is reached — treasury, spending limits, and liquidity deploy automatically.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Team allocation — performance only
|
||||||
|
|
||||||
|
3M tokens are locked at launch.
|
||||||
|
|
||||||
|
Five tranches unlock at 2x, 4x, 8x, 16x, and 32x the ICO price, with a minimum 18-month cliff before any unlock (evaluated via 3-month TWAP, not spot price).
|
||||||
|
|
||||||
|
At launch, **0 team tokens** are circulating. If the token never reaches 2x, the team receives nothing.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Execution Plan
|
||||||
|
|
||||||
|
**Monthly treasury allowance: $10,000**
|
||||||
|
|
||||||
|
Pre-revenue monthly allowance — covers infrastructure, raw materials, team, and tech.
|
||||||
|
Post-revenue monthly allowance — farm revenue covers operations; treasury allowance redirects fully to scaling.
|
||||||
|
|
||||||
|
**Quarterly milestones:**
|
||||||
|
|
||||||
|
| Quarter | Milestones |
|
||||||
|
| ------- | ------------------------------------------------------------------------------------------------------------------------------------ |
|
||||||
|
| Q2 2026 | CAPEX proposal ($50K) — accommodation, 3 growing rooms, DG set, base construction. Compost sourced externally for first cycles |
|
||||||
|
| Q3 2026 | First harvests begin, wholesale deliveries start. Products reaching 1,000+ households. Revenue covers team wages and operating costs |
|
||||||
|
| Q4 2026 | 4th–5th rooms. Treasury fully redirected to scaling (~$12K per room approx). Compost unit construction begins |
|
||||||
|
| Q1 2027 | 5+ rooms with in-house composting operational. Compost sales to local farmers begin |
|
||||||
|
| 2027+ | Target 12 rooms. Medicinal mushrooms, spawn lab, export exploration |
|
||||||
|
|
||||||
|
All figures are approximate and subject to change. Expenditures beyond the monthly allowance require futarchy approval.
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Long-term vision
|
||||||
|
|
||||||
|
The goal is to prove that decentralized governance can coordinate real-world production transparently — starting with agriculture.
|
||||||
|
|
||||||
|
> Worst case — a fully transparent, community-governed mushroom farm.
|
||||||
|
> Best case — a blueprint for futarchy-directed real-world infrastructure.
|
||||||
|
|
||||||
|
_This is agriculture rebuilt for the internet._
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: [mycorealms.com](https://mycorealms.com)
|
||||||
|
- Telegram: [https://t.me/+F684wVS-F0oyNzE1](https://t.me/+F684wVS-F0oyNzE1)
|
||||||
|
- X: [@mycorealms](https://x.com/mycorealms)
|
||||||
|
|
||||||
|
---
|
||||||
|
|
||||||
|
_Note: MycoRealms is not a financial product. $MYCO tokens represent governance participation in a DAO. No revenue sharing, yields, or returns are promised or implied._
|
||||||
|
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://mycorealms.com
|
||||||
|
- Twitter: https://x.com/mycorealms
|
||||||
|
- Telegram: https://t.me/+F684wVS-F0oyNzE1
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `zwVfLheTvbXN5Vn2tZxTc8KaaVnLoBFgbZzskdFnPUb`
|
||||||
|
- Token: 6hk (6hk)
|
||||||
|
- Token mint: `6hkcSr3fDdaxjDHSrEJjxK54wz8uvbSheTEYnMEmmeta`
|
||||||
|
- Version: v0.7
|
||||||
38
inbox/archive/2026-01-01-futardio-launch-vaultguard.md
Normal file
38
inbox/archive/2026-01-01-futardio-launch-vaultguard.md
Normal file
|
|
@ -0,0 +1,38 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: VaultGuard fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/3v2y6wZA46qwkiuYR9nn7fucHxC5qjW4BNBH5qdmzLSx"
|
||||||
|
date: 2026-01-01
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: VaultGuard
|
||||||
|
- Description: DeFi insurance protocol protecting users against smart contract risks through community-governed coverage pools and automated claims.
|
||||||
|
|
||||||
|
- Funding target: $10.00
|
||||||
|
- Total committed: N/A
|
||||||
|
- Status: Initialized
|
||||||
|
- Launch date: 2026-01-01
|
||||||
|
- URL: https://www.futard.io/launch/3v2y6wZA46qwkiuYR9nn7fucHxC5qjW4BNBH5qdmzLSx
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
VaultGuard Finance is a decentralized insurance protocol designed specifically for DeFi users who want to protect their assets against smart contract exploits, oracle failures, and protocol insolvencies. The platform operates on a peer-to-pool model where liquidity providers deposit stablecoins into coverage pools and earn premiums from policy holders. What sets VaultGuard apart is its hybrid claims assessment system that combines on-chain automated triggers with a decentralized claims jury selected from VGRD token holders. This ensures both speed for clear-cut exploits and fairness for complex situations. The protocol has partnered with leading security audit firms to offer tiered coverage with different premium rates based on protocol risk scores. VaultGuard also features a unique staking mechanism where users can stake VGRD to underwrite specific protocols they believe in, earning higher yields in exchange for first-loss capital.
|
||||||
|
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://vaultguard.io
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `3v2y6wZA46qwkiuYR9nn7fucHxC5qjW4BNBH5qdmzLSx`
|
||||||
|
- Token: 3jp (3jp)
|
||||||
|
- Token mint: `3jpP5VBptNH5UVp99LgUHzjePs5Rs5LBTYVrmd5pg18r`
|
||||||
|
- Version: v0.7
|
||||||
83
inbox/archive/2026-01-06-futardio-launch-ranger.md
Normal file
83
inbox/archive/2026-01-06-futardio-launch-ranger.md
Normal file
|
|
@ -0,0 +1,83 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Ranger fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/8Nmd13rpULJjY7h6oxCfuTWy8WkZxcuDrDWiSdnViVuo"
|
||||||
|
date: 2026-01-06
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Ranger
|
||||||
|
- Description: Unlocking the Potential of the Markets
|
||||||
|
- Funding target: $6,000,000.00
|
||||||
|
- Total committed: $86,398,012.12
|
||||||
|
- Status: Complete
|
||||||
|
- Launch date: 2026-01-06
|
||||||
|
- URL: https://www.futard.io/launch/8Nmd13rpULJjY7h6oxCfuTWy8WkZxcuDrDWiSdnViVuo
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
Crypto has a fragmentation problem rather than a liquidity problem.
|
||||||
|
|
||||||
|
Roughly $50B in daily derivatives volume now trades across Solana, Arbitrum, and Hyperliquid. Yet, outside of Ranger, most trading platforms still lock each order into a single venue. This fragments liquidity, worsens execution quality, and ultimately leads to a worse experience for traders.
|
||||||
|
|
||||||
|
Fragmented markets are a reality in TradFi, CeFi, and DeFi. Aggregation at the application layer delivers better execution and an industry-leading user experience. This is why we’ve built Ranger around two core pillars: aggregation and the application layer.
|
||||||
|
|
||||||
|
Ranger launched as a trading terminal with the first perps aggregator on Solana, quickly integrating all major venues on the chain. Since then, we’ve added support for Hyperliquid and spot trading via Titan Exchange.
|
||||||
|
|
||||||
|
Today, Ranger remains the only application where perp traders benefit from true multi-venue routing and improved execution at the order level.
|
||||||
|
|
||||||
|
At the core of Ranger is our Smart Order Router. It scans integrated venues in real time, evaluates liquidity depth, intelligently splits large orders, and executes at the best available global price.
|
||||||
|
|
||||||
|
The app is still early in its roadmap, and we’re not yet at the end state we envision. We’re confident we can deliver a best-in-class experience as we integrate new perp venues to improve execution further and ship new features and product lines that move Ranger toward its goal of becoming DeFi’s command center.
|
||||||
|
|
||||||
|
This ICO is to expand the team's capacity and increase velocity as we build towards the long term vision. We see MetaDAO and the ownership token as the best way to maintain deep alignment between the token holders and the company.
|
||||||
|
|
||||||
|
**NOTE: Ranger is the first MetaDAO raise with existing investors and obligations. The terms are set out below.**
|
||||||
|
|
||||||
|
**ICO Structure:**
|
||||||
|
|
||||||
|
- $6M minimum raise
|
||||||
|
- $250k monthly allowance (spending limit)
|
||||||
|
- Ranger points hold a preference for capital committed to the ICO. This is represented pro-rata across all points holders and then excess is filled pro-rata by non-points commitments. [Additional details](https://x.com/ranger_finance/status/2007140827081089086) can be reviewed in the link.
|
||||||
|
- Bid program exists for any funds accepted in excess of the minimum goal ($6M). This program will accept tokens at ICO price minus any spend for a period of 90 days or until the excess is exhausted. The tokens exchanged will be burned.
|
||||||
|
|
||||||
|
**Token Supply:**
|
||||||
|
|
||||||
|
- Total token supply 25,625,000
|
||||||
|
- Existing investor allocation 4,356,250 (24mo linear vest)
|
||||||
|
- Team performance package 7,600,000 (18mo cliff with price based unlocks with 3mo TWAP at 2x, 4x, 8x, 16x and 32x ICO price)
|
||||||
|
- Ambassadors and ecosystem partners 768,750 (25% is immediately unlocked with a remaining 25% in a 6mo linear vest)
|
||||||
|
- The remaining supply is provided in liquidity provisioning with 20% of funds raised and 2M tokens placed in the FutarchyAMM and 900k tokens placed in single sided liquidity in Meteora.
|
||||||
|
|
||||||
|
**Ranger Socials:**
|
||||||
|
|
||||||
|
- [Website](https://www.app.ranger.finance/perps)
|
||||||
|
- [X](https://x.com/ranger_finance)
|
||||||
|
- [Telegram](http://t.me/rangerfinancehq)
|
||||||
|
- [Linkedin](https://www.linkedin.com/company/rangerfinance)
|
||||||
|
- [Docs](https://docs.ranger.finance/)
|
||||||
|
|
||||||
|
**Token:** [RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta](https://jup.ag/tokens/RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta)
|
||||||
|
|
||||||
|
**Entity Structure:** [Cayman SP Agreement](https://cybercorps.metalex.tech/metadao/formation-summary?hash=0xc91e9a91f0b62b167f3a5971e88c367edabd44e648b01af656094032593b8dbf&callbackUrl=https%3A%2F%2Fwww.metadao.fi%2Fprojects%2Fcreate%2Fb7505e45-5162-4954-b2a5-62f961a98e1c)
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://ranger.finance/
|
||||||
|
- Twitter: https://docs.ranger.finance/legal-and-compliance
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `8Nmd13rpULJjY7h6oxCfuTWy8WkZxcuDrDWiSdnViVuo`
|
||||||
|
- Token: Ranger (RNGR)
|
||||||
|
- Token mint: `RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta`
|
||||||
|
- Version: v0.7
|
||||||
|
- Total approved: $8,000,000.00
|
||||||
|
- Closed: 2026-01-10
|
||||||
|
- Completed: 2026-01-10
|
||||||
239
inbox/archive/2026-02-03-futardio-launch-hurupay.md
Normal file
239
inbox/archive/2026-02-03-futardio-launch-hurupay.md
Normal file
|
|
@ -0,0 +1,239 @@
|
||||||
|
---
|
||||||
|
type: source
|
||||||
|
title: "Futardio: Hurupay fundraise goes live"
|
||||||
|
author: "futard.io"
|
||||||
|
url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
|
||||||
|
date: 2026-02-03
|
||||||
|
domain: internet-finance
|
||||||
|
format: data
|
||||||
|
status: unprocessed
|
||||||
|
tags: [futardio, metadao, futarchy, solana]
|
||||||
|
event_type: launch
|
||||||
|
---
|
||||||
|
|
||||||
|
## Launch Details
|
||||||
|
- Project: Hurupay
|
||||||
|
- Description: Loved by 20K+ Remote Workers, Freelancers & Businesses
|
||||||
|
- Funding target: $3,000,000.00
|
||||||
|
- Total committed: $2,003,593.00
|
||||||
|
- Status: Refunding
|
||||||
|
- Launch date: 2026-02-03
|
||||||
|
- URL: https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3
|
||||||
|
|
||||||
|
## Team / Description
|
||||||
|
|
||||||
|
In the last **6 months**, Hurupay has:
|
||||||
|
|
||||||
|
- Grown transaction volume **4×**, compounding at **32% month-over-month** growth rate
|
||||||
|
- Scaled from roughly $1.8M/month to **$7.2M/month** in processed volume
|
||||||
|
- Onboarded multiple **high-volume U.S. business customers** running recurring payroll
|
||||||
|
|
||||||
|
**In the last 12 months**, Hurupay has:
|
||||||
|
|
||||||
|
- Processed **$36M+** in total transaction volume
|
||||||
|
- Generated **$500K+** in revenue
|
||||||
|
- Grown to **30,000+ users** across Asia, Africa, Europe, and the U.S.
|
||||||
|
- Signed **15 high-volume business customers** paying global teams
|
||||||
|
- Secured backing from **Founders Inc** and angels from **Microsoft** and **Bankless**
|
||||||
|
- Partnered with a **top U.S. bank**, **Coins.ph**, **Circle Alliance**, and major blockchain ecosystems (Base, Solana, Stellar)
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
## Project Purpose and Background
|
||||||
|
|
||||||
|
Foreign exchange is a **$6.5T/day** market, yet it remains opaque, fragmented, and slow — especially where money actually changes hands.
|
||||||
|
|
||||||
|
Stablecoins revealed a simple truth:
|
||||||
|
|
||||||
|
> It’s cheaper to mint global digital dollars than to move fiat across borders.
|
||||||
|
|
||||||
|
But most onchain FX today happens **between wallets**, not where people get paid or use money.
|
||||||
|
|
||||||
|
**Hurupay focuses on the last mile of onchain FX** - where stablecoins stop being tokens and become usable money. FX doesn’t happen in isolation; it happens because someone is running payroll, receiving wages, spending, or cashing out. Hurupay embeds stablecoin settlement and FX directly into these workflows, abstracting crypto complexity behind familiar banking experiences.
|
||||||
|
|
||||||
|
By enabling **24/7, instant swaps between USD and non-USD stablecoins** inside payroll and payments, Hurupay turns FX into software that is programmable, transparent, and global by default.
|
||||||
|
|
||||||
|
Wise and Revolut built strong FX products, but they required years of country-by-country licensing and still can’t serve much of the world.
|
||||||
|
|
||||||
|
**Hurupay is global from day one - because it operates at the last mile where stablecoins become money.**
|
||||||
|
|
||||||
|
## Team and Key Contributors
|
||||||
|
**Philip Mburu \- Co-Founder & CEO**
|
||||||
|
|
||||||
|
LinkedIn: [https://www.linkedin.com/in/philip-mburu-3436991a2/](https://www.linkedin.com/in/philip-mburu-3436991a2/)
|
||||||
|
X: [https://x.com/philip\_hurupay](https://x.com/philip_hurupay)
|
||||||
|
|
||||||
|
Philip leads Hurupay's strategy, product direction, partnerships, and fundraising. With over 7 years in crypto—including work with Celo and Ethereum—he built deep expertise in emerging-market financial infrastructure. Before Hurupay had a product, he manually operated cross-border payment flows, stitching together banks, exchanges, and local rails to move real money. This hands-on experience with settlement delays, FX friction, and compliance constraints directly shaped Hurupay's distribution-led model.
|
||||||
|
|
||||||
|
**Allan Okoth \- Co-Founder & CTO**
|
||||||
|
|
||||||
|
LinkedIn: [https://www.linkedin.com/in/allanokothdev/](https://www.linkedin.com/in/allanokothdev/)
|
||||||
|
X: [https://x.com/allanokothdev/status/1996863271450660978](https://x.com/allanokothdev/status/1996863271450660978)
|
||||||
|
|
||||||
|
Allan leads Hurupay's engineering and technical architecture, bringing over 9 years of experience in blockchain and software development. Previously the Lead Engineer and Instructor at Africa Blockchain Institute, he now builds and maintains Hurupay's core systems—account infrastructure, payment orchestration, stablecoin settlement, FX flows, and internal tooling.
|
||||||
|
|
||||||
|
**James Mugambi \- Co-Founder & COO**
|
||||||
|
|
||||||
|
LinkedIn: [https://www.linkedin.com/in/jamesmugambi/](https://www.linkedin.com/in/jamesmugambi/)
|
||||||
|
X: [https://x.com/JamesHurupay](https://x.com/JamesHurupay)
|
||||||
|
|
||||||
|
James oversees operations, partnerships, and execution across markets with over 8 years of experience scaling products and supporting startups. Previously at Pangea Accelerator, he helped portfolio companies scale internationally and collectively raise over $50M in venture capital. At Hurupay, he leads customer onboarding, operational execution across payment corridors, and business workflows supporting global payroll at scale.
|
||||||
|
|
||||||
|
**Maxwel Ochieng \- Founding Engineer**
|
||||||
|
|
||||||
|
LinkedIn: [https://www.linkedin.com/in/maxwelochieng/](https://www.linkedin.com/in/maxwelochieng/)
|
||||||
|
|
||||||
|
Maxwel is a founding engineer with over 7 years of experience building software and blockchain-based products. He contributes across Hurupay's core product stack, with expertise spanning USDC integration, smart contracts, banking APIs, backend systems, security and compliance infrastructure, and multi-cloud architecture.
|
||||||
|
|
||||||
|
**Collins Wanga \- Compliance Lead**
|
||||||
|
|
||||||
|
LinkedIn: [https://www.linkedin.com/in/collins-wanga-318590220/](https://www.linkedin.com/in/collins-wanga-318590220/)
|
||||||
|
|
||||||
|
Collins leads compliance at Hurupay and is a Certified Compliance Officer accredited by the International Compliance Association. He oversees KYC/AML frameworks, regulatory coordination, and internal compliance processes—ensuring Hurupay meets regulatory requirements while maintaining fast onboarding and a smooth user experience.
|
||||||
|
|
||||||
|
**Total team size: 9**
|
||||||
|
|
||||||
|
## Revenue Model and Financial Profile
|
||||||
|
|
||||||
|
Hurupay earns revenue from real usage on both sides of the network.
|
||||||
|
|
||||||
|
* **Consumers:** Fees on USD/EUR deposits, generally in the **\~0.5–2% range**, depending on the payment rail. Withdrawals are typically free.
|
||||||
|
|
||||||
|
* **Businesses:** Fees on deposits, payroll funding, and FX when paying global teams, usually within a **\~0.5–2% range** based on volume and corridor.
|
||||||
|
|
||||||
|
As Hurupay scales, additional revenue comes from **card interchange**, **on-chain FX swaps**, **premium banking features**, **tokenized assets**, and **yield sharing**.
|
||||||
|
|
||||||
|
Platform Performance: [https://analytics.hurupay.com/public/dashboard/79a713b2-1cb8-4924-9c40-752e76d8b02a](https://analytics.hurupay.com/public/dashboard/79a713b2-1cb8-4924-9c40-752e76d8b02a)
|
||||||
|
|
||||||
|
## Internal and External Contributions/Payments
|
||||||
|
|
||||||
|
**Grants:**
|
||||||
|
2023 & 2024:
|
||||||
|
Celo via Prezenti Grants: $45k
|
||||||
|
|
||||||
|
2025:
|
||||||
|
Base: 4 ETH
|
||||||
|
Circle: $10k
|
||||||
|
Stellar: $82k
|
||||||
|
|
||||||
|
**Institutional investments:**
|
||||||
|
Founders Inc.: $150k [https://f.inc/portfolio/hurupay/](https://f.inc/portfolio/hurupay/)
|
||||||
|
|
||||||
|
**Angels:**
|
||||||
|
Dawson Botsford (former CTO at Bankless): $20K
|
||||||
|
Tiffany Johnson (PM at Microsoft): $10k
|
||||||
|
|
||||||
|
|
||||||
|
## Technical Repositories and Official Channels
|
||||||
|
- [@hurupayapp](https://x.com/hurupayapp)
|
||||||
|
- [GitHub](https://github.com/Hurupay)
|
||||||
|
- [Linkedin](https://www.linkedin.com/company/hurupay/)
|
||||||
|
- [Instagram](https://www.instagram.com/hurupayapp)
|
||||||
|
- [Website](https://hurupay.com)
|
||||||
|
- [Support](https://support.hurupay.com/en)
|
||||||
|
- [Blog](https://hurupay.com/blog)
|
||||||
|
- [FAQ](https://hurupay.com/#faq)
|
||||||
|
|
||||||
|
|
||||||
|
## Existing Assets
|
||||||
|
- Domain: hurupay.com
|
||||||
|
- Github: https://github.com/Hurupay
|
||||||
|
- Linkedin: https://www.linkedin.com/company/hurupay/
|
||||||
|
- Instagram: https://www.instagram.com/hurupayapp/
|
||||||
|
- X Account: @hurupayapp
|
||||||
|
- Logo / Branding
|
||||||
|
|
||||||
|
|
||||||
|
## Fundraise Goals
|
||||||
|
|
||||||
|
Raising a minimum of $3M but ideally $5M+ on MetaDAO to accelerate our growth. Here’s how we plan to use that money:
|
||||||
|
|
||||||
|
- **Scale distribution and sales** while doubling down on what’s already working (UGC marketing, influencer, and paid ads)
|
||||||
|
- **Expand our sales and customer success team** to onboard more U.S. and global businesses running recurring payroll. This channel already drives a majority of our volume and brings hundreds of workers per customer.
|
||||||
|
- **Scale referral programs** that reward workers for bringing teammates and employers onto Hurupay, reinforcing our existing payroll-driven flywheel.
|
||||||
|
- **Run narrowly scoped paid campaigns** in markets and corridors where we already see strong conversion and retention.
|
||||||
|
|
||||||
|
In parallel, capital will support the infrastructure required to sustain growth:
|
||||||
|
|
||||||
|
- **Compliance and licensing:** Progress U.S. Money Transmitter License (MTL) coverage and EU VASP registration to unlock new corridors and reduce dependency.
|
||||||
|
- **Liquidity and FX depth:** Allocate capital to support faster settlement, better FX pricing, and higher throughput as volumes increase.
|
||||||
|
- **Product expansion:** Ship and scale virtual and physical cards, on-chain FX, and additional banking features used by both workers and businesses.
|
||||||
|
- **Security and reliability:** Ongoing audits, monitoring, and operational hardening to support higher volumes and institutional customers.
|
||||||
|
|
||||||
|
## Team Compensation and Project Spending
|
||||||
|
|
||||||
|
$250k is the monthly spending allowance.
|
||||||
|
|
||||||
|
10,931,250.00 (42.66%) on a 3-year lockup is the total amount of tokens allocated to the team.
|
||||||
|
|
||||||
|
## Token Supply Breakdown
|
||||||
|
|
||||||
|
- 10,000,000.00 (39.02%) to ICO
|
||||||
|
- 2,900,000.00 (11.31%) to liquidity
|
||||||
|
- 10,931,250.00 (42.66%) to team on a 3-year lockup
|
||||||
|
- 1,793,750.00 (7%) to previous investors on a 2-year vest
|
||||||
|
|
||||||
|
## Relevant Contracts, Addresses, and Documents
|
||||||
|
|
||||||
|
Token Address: [`HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta`](https://jup.ag/tokens/HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
|
||||||
|
|
||||||
|
Platform Performance: [https://analytics.hurupay.com/public/dashboard/79a713b2-1cb8-4924-9c40-752e76d8b02a](https://analytics.hurupay.com/public/dashboard/79a713b2-1cb8-4924-9c40-752e76d8b02a)
|
||||||
|
|
||||||
|
DAO Configuration:
|
||||||
|
- Team Sponsored Pass Threshold -300bps
|
||||||
|
- Team Sponsored Stake Requirement 0 HURU
|
||||||
|
- Pass Threshold 300bps
|
||||||
|
- Stake Requirement 1.5M HURU
|
||||||
|
- Proposal Duration 3 days
|
||||||
|
|
||||||
|
Cayman SPC Agreement: [Formation Summary](https://cybercorps.metalex.tech/metadao/formation-summary?hash=0x8e0fed3134e9391c40b992569eed3456e109305c0d1f398772a1751ac15e3e57&callbackUrl=https%3A%2F%2Fwww.metadao.fi%2Fprojects%2Fcreate%2Fe823904b-8f07-4748-a8a1-5370f692abae)
|
||||||
|
|
||||||
|
## Project Specific Risks
|
||||||
|
|
||||||
|
**Technical Risks**
|
||||||
|
|
||||||
|
* Hurupay relies on a combination of on-chain components (stablecoin settlement, FX logic) and off-chain systems (banking partners, payment orchestration).
|
||||||
|
|
||||||
|
* Smart contract bugs, blockchain network outages, or third-party integration failures could temporarily disrupt service.
|
||||||
|
|
||||||
|
* **Mitigation:** Limited on-chain surface area, use of established stablecoins, controlled deployments, monitoring, and incremental rollouts of new features.
|
||||||
|
|
||||||
|
**Economic & Liquidity Risks**
|
||||||
|
|
||||||
|
* FX liquidity constraints, corridor imbalances, or stablecoin depegging events (though rare) could impact pricing or settlement.
|
||||||
|
|
||||||
|
* Revenue concentration among large payroll customers may increase short-term exposure.
|
||||||
|
|
||||||
|
* **Mitigation:** Conservative liquidity management, diversified corridors, recurring payroll-driven volume, and a NAV-based bid wall to reduce downside risk during early price discovery.
|
||||||
|
|
||||||
|
**Operational & Regulatory Risks**
|
||||||
|
|
||||||
|
* Hurupay operates in regulated environments across multiple jurisdictions; regulatory changes or licensing delays could affect expansion.
|
||||||
|
|
||||||
|
* Dependence on banking and payments partners introduces counterparty risk.
|
||||||
|
|
||||||
|
* **Mitigation:** Dedicated compliance leadership, ongoing regulatory engagement, existing banking relationships, and phased jurisdictional expansion.
|
||||||
|
|
||||||
|
**Governance & Treasury Risks**
|
||||||
|
|
||||||
|
* Misallocation of treasury funds or excessive spending could negatively impact long-term sustainability.
|
||||||
|
|
||||||
|
* **Mitigation:** MetaDAO treasury governance, transparent reporting, spending discipline, and NAV-backed bid wall mechanics that prioritize downside protection over aggressive capital deployment.
|
||||||
|
|
||||||
|
**Execution Risk**
|
||||||
|
|
||||||
|
* Scaling global payments infrastructure requires operational reliability and careful sequencing.
|
||||||
|
|
||||||
|
* **Mitigation:** Execution-first culture, proven traction with live users and revenue, and prioritization of stability over rapid expansion.
|
||||||
|
|
||||||
|
## Links
|
||||||
|
|
||||||
|
- Website: https://hurupay.com
|
||||||
|
|
||||||
|
## Raw Data
|
||||||
|
|
||||||
|
- Launch address: `HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3`
|
||||||
|
- Token: HUR (HUR)
|
||||||
|
- Token mint: `HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta`
|
||||||
|
- Version: v0.7
|
||||||
|
- Closed: 2026-02-07
|
||||||
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