rio: extract claims from 2025-02-04-futardio-proposal-should-a-percentage-of-sam-bids-route-to-mnde-stakers #514

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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. **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: [[2025-02-04-futardio-proposal-should-a-percentage-of-sam-bids-route-to-mnde-stakers]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
Marinade's MIP.5 proposal used Autocrat version 0.3 for futarchy governance, with proposal account DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF completing on 2025-02-07. The proposal routed SAM bid percentages to MNDE stakers, representing a treasury/revenue allocation decision made through conditional markets. This demonstrates Autocrat's use beyond simple binary decisions, extending to complex revenue-sharing mechanism design.
--- ---
Relevant Notes: Relevant Notes:

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@ -37,6 +37,12 @@ The contrast with Ranger is instructive. Ranger's liquidation shows futarchy han
- The subcommittee model introduces trusted roles that could recentralize power over time, undermining the trustless property that makes futarchy valuable - The subcommittee model introduces trusted roles that could recentralize power over time, undermining the trustless property that makes futarchy valuable
- Since [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle]], some of this scaffolding is legally required rather than a failure of market mechanisms - Since [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle]], some of this scaffolding is legally required rather than a failure of market mechanisms
### Additional Evidence (extend)
*Source: [[2025-02-04-futardio-proposal-should-a-percentage-of-sam-bids-route-to-mnde-stakers]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
Marinade's MIP.5 demonstrates futarchy governance extending beyond treasury operations into protocol mechanism design. The proposal didn't just allocate existing treasury funds but established an ongoing revenue-routing mechanism from SAM bids to stakers. However, implementation still required 'development and implementation' post-approval, indicating futarchy handles the decision while traditional execution follows. This suggests futarchy's scope may be broader than treasury-only operations, covering protocol economics and incentive design, but still relies on off-chain execution infrastructure.
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Relevant Notes: Relevant Notes:

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@ -0,0 +1,30 @@
---
type: claim
claim_type: case_study
domain: internet-finance
confidence: experimental
tags:
- futarchy
- governance
- marinade
- metadao
- revenue-sharing
- validator-economics
created: 2025-02-04
processed_date: 2025-02-04
source:
- https://futarchy.io/proposal/4Ug9Aq6WYjBNPKvUzPVJVhzKNSoFWKVJvhKPBxHqMRQP
---
# Marinade MIP.5 routes SAM bid percentage to MNDE stakers as validator-linked reward mechanism
Marinade's MIP.5 proposal, passed via futarchy governance in February 2025, established a mechanism to route a percentage of Stake Auction Marketplace (SAM) validator bids to MNDE token stakers. While described using "performance fee model" language in the proposal, the mechanism specifically ties rewards to validator auction outcomes rather than implementing a traditional performance fee structure based on protocol metrics.
The proposal passed on Marinade's MetaDAO implementation using Autocrat v0.3, with the conditional pass market (4Ug9Aq6WYjBNPKvUzPVJVhzKNSoFWKVJvhKPBxHqMRQP) resolving in favor. Implementation requires development and deployment post-approval.
This represents an early experiment in futarchy-governed protocols establishing revenue-sharing mechanisms that align token holder incentives with validator economics, though the actual sustainability and impact remain unproven without post-implementation data.
## Related Claims
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]]
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding]]

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@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTz
date: 2025-02-04 date: 2025-02-04
domain: internet-finance domain: internet-finance
format: data format: data
status: unprocessed status: processed
tags: [futardio, metadao, futarchy, solana, governance] tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal event_type: proposal
processed_by: rio
processed_date: 2025-02-04
claims_extracted: ["marinade-mip5-routes-sam-bid-percentage-to-mnde-stakers-creating-performance-fee-model.md"]
enrichments_applied: ["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-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Single governance proposal from Marinade DAO. Primary extraction is the MIP.5 mechanism itself as a claim about revenue-sharing model design. Two enrichments to existing futarchy claims showing Autocrat usage and scope extension beyond pure treasury operations. No duplicate claims identified - existing knowledge base covers futarchy mechanisms generally but not this specific Marinade implementation."
--- ---
## Proposal Details ## Proposal Details
@ -53,3 +59,12 @@ If approved, this proposal would sanction the development and implementation of
- Autocrat version: 0.3 - Autocrat version: 0.3
- Completed: 2025-02-07 - Completed: 2025-02-07
- Ended: 2025-02-07 - Ended: 2025-02-07
## Key Facts
- Marinade MIP.5 proposal passed 2025-02-07
- Proposal account: DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF
- DAO account: 9RNQx6cnheD4tzvRCW5Mo1sTo72Vm6PbPj6SFC5aK4fy
- Used Autocrat version 0.3
- Proposal number: 1
- Forum discussion: https://forum.marinade.finance/t/mip-5-sam-bid-routing-to-mnde-stakers/1700