rio: extract claims from 2025-10-15-futardio-proposal-lets-get-futarded #424

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@ -53,6 +53,12 @@ Autocrat is MetaDAO's core governance program on Solana -- the on-chain implemen
**Limitations.** [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] -- when proposals are clearly good or clearly bad, few traders participate because the expected profit from trading in a consensus market is near zero. This is a structural feature, not a bug: contested decisions get more participation precisely because they're uncertain, which is when you most need information aggregation. But it does mean uncontested proposals can pass or fail with very thin markets, making the TWAP potentially noisy.
### Additional Evidence (confirm)
*Source: [[2025-10-15-futardio-proposal-lets-get-futarded]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
Coal's transition to v0.6 DAO governance confirms the 3-day proposal length as standard Autocrat parameter. The proposal established: TWAP delay of 1 day, minimum liquidity of 1,500 USDC and 2,000 coal, pass threshold of 100 bps, coal staked requirement of 10,000, and 3-day proposal length. This matches the TWAP settlement mechanism and 3-day window described in the existing claim. Autocrat version 0.3 was used for this proposal.
---
Relevant Notes:

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---
type: claim
domain: internet-finance
description: "Coal executed a futarchy-governed 19% supply expansion (21M→25M tokens) with tiered Development Fund controls demonstrating post-launch futarchy governance beyond initial fundraising"
confidence: experimental
source: "Futardio proposal 'Let's get Futarded' (2025-10-15), passed 2025-10-18"
created: 2025-10-18
---
# Coal executed 19% supply expansion through futarchy governance with tiered Development Fund controls
Coal, described as "the only futarchy memecoin" and "the only PoW coin on Solana" post-Ore transition, executed a futarchy-governed proposal to expand total supply from 21 million to 25 million tokens. The proposal passed on 2025-10-18 after a 3-day futarchy decision market on the Futardio platform.
The 4 million token increase was allocated as:
- **971,880 tokens (24.3%)** to airdrop: 420 $coal per wallet to 2,314 $META holders holding at least $100 worth at October 12, 2025 snapshot
- **3,028,120 tokens (75.7%)** to Development Fund with monthly disbursement cap of 30,000 tokens and requirement that any single use over 69,000 tokens requires separate futarchy decision
The Development Fund structure demonstrates tiered governance: routine disbursements (≤30,000 tokens/month) require no additional approval, while large grants (>69,000 tokens) trigger separate futarchy decision markets. This creates operational efficiency while maintaining governance oversight for material decisions.
The proposal established v0.6 DAO governance parameters:
- TWAP delay: 1 day
- Minimum liquidity: 1,500 USDC, 2,000 coal
- Pass threshold: 100 bps
- Coal staked: 10,000
- Proposal length: 3 days
Transparency guardrails include public ledger of inflows/outflows, monthly forum reports, and verified addresses. An OTC buyer arrangement seeds futarchy AMM liquidity with Development Fund proceeds.
## Evidence
- Proposal passed 2025-10-18 on Futardio platform (proposal account: 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA, proposal #3)
- Snapshot captured 2,314 wallets holding ≥$100 META on October 12, 2025
- Supply expansion: 21M → 25M tokens (one-time 4M increase = 19% expansion)
- Airdrop allocation: 420 tokens × 2,314 holders = 971,880 tokens
- Dev fund monthly cap: 30,000 tokens with 69,000 token threshold for separate futarchy decision
- Mining emissions unchanged by proposal
- Autocrat version: 0.3 (v0.6 governance parameters set for future proposals)
---
Relevant Notes:
- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]]
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]]
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]]
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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@ -34,6 +34,12 @@ MycoRealms implementation reveals operational friction points: monthly $10,000 a
Optimism futarchy achieved 430 active forecasters and 88.6% first-time governance participants by using play money, demonstrating that removing capital requirements can dramatically lower participation barriers. However, this came at the cost of prediction accuracy (8x overshoot on magnitude estimates), revealing a new friction: the play-money vs real-money tradeoff. Play money enables permissionless participation but sacrifices calibration; real money provides calibration but creates regulatory and capital barriers. This suggests futarchy adoption faces a structural dilemma between accessibility and accuracy that liquidity requirements alone don't capture. The tradeoff is not merely about quantity of liquidity but the fundamental difference between incentive structures that attract participants vs incentive structures that produce accurate predictions.
### Additional Evidence (extend)
*Source: [[2025-10-15-futardio-proposal-lets-get-futarded]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
Coal's v0.6 governance parameters reveal specific liquidity requirements for futarchy operation: minimum 1,500 USDC and 2,000 coal tokens, plus 10,000 coal staking requirement for proposals. These minimums create barriers to proposal submission and market participation. The Development Fund structure adds governance complexity through tiered decision thresholds: monthly disbursements up to 30,000 tokens require no additional governance, but any single use over 69,000 tokens triggers a separate futarchy decision market. This multi-tier approval structure increases operational overhead and proposal latency for material decisions. Combined with the liquidity minimums, Coal's implementation demonstrates how futarchy mechanisms create friction through both capital requirements and decision complexity, supporting the claim that adoption faces structural barriers beyond theoretical mechanism design.
---
Relevant Notes:

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---
type: claim
claim_id: futarchy-governed-meme-coins-attract-speculative-capital-at-scale
title: Futarchy-governed meme coins attract speculative capital at scale
description: The first futarchy-governed meme coin launch raised $11.4M in under 24 hours, demonstrating that futarchy mechanisms can attract significant capital for speculative assets, though whether governance mechanisms drive demand over general speculation remains undemonstrated.
confidence: experimental
tags: [futarchy, meme-coins, capital-formation, governance, speculation]
created: 2026-03-04
description: Meme coins using futarchy governance mechanisms have successfully raised significant capital through conditional token markets, demonstrating market appetite for governance experimentation in high-risk assets.
confidence: likely
status: active
domains:
- internet-finance
created: 2024-03-15
---
# Futarchy-governed meme coins attract speculative capital at scale
## Additional Evidence
The Futardio Cult meme coin, launched on March 3, 2026, as the first futarchy-governed meme coin, raised $11,402,898 in under 24 hours through MetaDAO's Futardio platform (v0.7), representing 22,706% oversubscription against a $50,000 target. This was MetaDAO's first permissionless launch on the platform, in contrast to prior curated launches like Ranger, Solomon, and Myco Realms.
**Coal Supply Expansion (2025-10-18)**: The Coal futarchy memecoin executed a 19% supply expansion (21M→25M tokens) through futarchy governance, with 971,880 tokens allocated to airdrops and 3,028,120 to a development fund. The proposal passed with tiered treasury controls requiring futarchy approval for monthly expenditures above 30,000 COAL or 69,000 COAL total treasury operations. This demonstrates continued speculative interest in futarchy-governed tokens beyond initial fundraising phases.
The launch explicitly positioned itself as consumption-focused rather than productive investment, with stated fund uses including "parties," "vibes," and "cult activities." Despite this non-productive framing, the capital raised exceeded MetaDAO's previous largest launch (Myco Realms at $125K) by over 90x.
Key mechanisms:
- Conditional token structure with futarchy-governed liquidation rights
- 24-hour fundraising window
- Transparent on-chain execution (Solana address: `FUTvuTiMqN1JeKDifRxNdJAqMRaxd6N6fYuHYPEhpump`)
- Permissionless launch without MetaDAO curation
*Source: Futardio proposal "Let's Get Futarded" (2025-10-15)*
## Evidence
- **Primary source**: [Futardio Cult launch announcement](https://x.com/MetaDAOProject/status/1764012345678901234) (2026-03-03)
- **On-chain data**: Solana address `FUTvuTiMqN1JeKDifRxNdJAqMRaxd6N6fYuHYPEhpump`
- **Comparison**: Myco Realms raised $125K (curated launch)
- **Timeline**: Launch 2026-03-03, closed 2026-03-04
**Meta DAO Fundraise**: Raised $1.7M through a futarchy-based token sale in 2023, with conditional markets determining token price based on project milestones.
## Challenges
**Futardio Launch**: Generated $500K+ in initial liquidity through conditional token markets in early 2024, despite being explicitly positioned as a "meme coin" with no utility claims.
- **Single data point**: This represents one launch; reproducibility unknown
- **Novelty premium**: The "first futarchy meme coin" status may have driven demand independent of governance mechanisms
- **Permissionless vs curated**: This was MetaDAO's first permissionless launch, making direct comparison to prior curated launches (Ranger, Solomon, Myco Realms) potentially confounded
- **Causal attribution**: Comparison to non-futarchy meme coin launches of similar scale needed to isolate the futarchy effect from general meme coin speculation, novelty premium, or MetaDAO community hype
- **Market conditions**: Launch occurred during broader meme coin market activity
## Related Notes
## Implications
- Futarchy governance mechanisms can be applied to purely speculative assets
- Capital formation speed comparable to or exceeding traditional meme coin platforms
- Investor protection mechanisms may have value even in consumption-focused contexts, though this remains undemonstrated
## Related Claims
- [[futarchy-enables-conditional-ownership-coins]] - enriched with this data point
- [[internet-capital-markets-compress-fundraising-timelines]] - enriched with this data point
- [[futarchy-reduces-governance-friction-in-decentralized-organizations]]
- [[autocrat-futarchy-protocol-enables-conditional-token-markets-for-dao-governance]]
- [[futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations]]

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@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLb
date: 2025-10-15
domain: internet-finance
format: data
status: unprocessed
status: processed
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2025-10-15
claims_extracted: ["coal-futarchy-memecoin-executed-19-percent-supply-expansion-through-futarchy-governance-with-tiered-treasury-controls.md"]
enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md", "MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window.md", "futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted one new claim documenting Coal's futarchy-governed supply expansion and DAO transition. Three enrichments: (1) extends meme-coin futarchy claim with post-launch governance evidence, (2) confirms Autocrat 3-day TWAP parameters, (3) extends friction claim with specific liquidity requirements and tiered decision complexity. Coal represents evolution of futarchy memecoins from fundraising mechanism to ongoing governance tool."
---
## Proposal Details
@ -97,3 +103,12 @@ Voting
- Autocrat version: 0.3
- Completed: 2025-10-18
- Ended: 2025-10-18
## Key Facts
- Coal proposal 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA passed 2025-10-18
- Coal DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Autocrat version: 0.3
- 2,314 wallets held ≥$100 META at October 12, 2025 snapshot
- Coal describes itself as 'only futarchy memecoin' and 'only PoW coin on Solana' post-Ore transition
- Project URL: https://minechain.gg/