diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 6dc365891..cc774d3f3 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -58,6 +58,7 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool - **2025-01-27** — [[metadao-otc-trade-theia-2]] proposed: Theia offers $500K for 370.370 META at 14% premium with 12-month vesting - **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC +- **2024-02-05** — [[metadao-execute-creation-of-spot-market-for-meta]] passed: Created 4/6 multisig to execute spot market creation, transferring 4,130 META for participant distribution (3,100), liquidity pool creation (1,000 META + 35,000 USDC at 35 USDC/META initial price), and multisig compensation (30) ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/entities/internet-finance/meteora.md b/entities/internet-finance/meteora.md index d887a3f9e..1203688f5 100644 --- a/entities/internet-finance/meteora.md +++ b/entities/internet-finance/meteora.md @@ -37,6 +37,7 @@ Solana liquidity protocol offering Dynamic Liquidity Market Maker (DLMM) pools, - **2025-Q4** — Meteora LP generates $1.15M in fees for MetaDAO (Pine Analytics Q4 report) - **2025-10 to 2026-03** — Every Futardio launch allocates 900K tokens to Meteora pool as standard template +- **2024-02-09** — MetaDAO created initial META spot market liquidity pool on Meteora, pairing 1,000 META with 35,000 USDC (initial price: 35 USDC/META) following passage of governance proposal ## Competitive Position - **Infrastructure role**: Not competing with MetaDAO — provides complementary liquidity infrastructure. Meteora is the LP venue; Futarchic AMM is the governance venue. - **vs Raydium**: Both are major Solana AMMs. Raydium offers CLMM (concentrated liquidity). Meteora differentiates with DLMM and dynamic bonding pools. diff --git a/inbox/archive/.extraction-debug/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.json b/inbox/archive/.extraction-debug/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.json new file mode 100644 index 000000000..fee271c59 --- /dev/null +++ b/inbox/archive/.extraction-debug/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.json @@ -0,0 +1,89 @@ +{ + "raw_response": "```json\n{\n \"claims\": [],\n \"enrichments\": [\n {\n \"target_file\": \"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\",\n \"type\": \"extend\",\n \"evidence\": \"MetaDAO Proposal 5 demonstrates the operational mechanics of Autocrat v0.1 in practice: a 4/6 multisig was created containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a spot market creation. The proposal transferred 4,130 META to the multisig with specific allocation: 3,100 META for sale participants, 1,000 META paired with 35,000 USDC to create the liquidity pool (setting initial spot price at 35 USDC/META), and 30 META as compensation (5 META per multisig member). The proposal explicitly acknowledged 'no algorithmic guarantee' that multisig members would execute as specified, relying instead on reputation risk: 'it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation.' The proposal passed and completed execution between 2024-02-05 (creation) and 2024-02-10 (completion).\",\n \"source_ref\": \"Futardio Proposal HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF, 2024-02-05\"\n },\n {\n \"target_file\": \"futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md\",\n \"type\": \"confirm\",\n \"evidence\": \"MetaDAO's spot market creation proposal (Proposal 5) relied on a 4/6 multisig with named individuals (Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis) to execute treasury operations, explicitly acknowledging the absence of algorithmic enforcement: '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.' This demonstrates futarchy DAOs using traditional trust-based governance scaffolding (multisig + reputation) for operational execution even when the decision itself was made through conditional markets.\",\n \"source_ref\": \"Futardio Proposal HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF, 2024-02-05\"\n }\n ],\n \"entities\": [\n {\n \"filename\": \"metadao-execute-creation-of-spot-market-for-meta.md\",\n \"domain\": \"internet-finance\",\n \"action\": \"create\",\n \"entity_type\": \"decision_market\",\n \"content\": \"---\\ntype: entity\\nentity_type: decision_market\\nname: \\\"MetaDAO: Execute Creation of Spot Market for META?\\\"\\ndomain: internet-finance\\nstatus: passed\\nparent_entity: \\\"[[metadao]]\\\"\\nplatform: \\\"futardio\\\"\\nproposer: \\\"UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhgi7f47UuMnyMyR78yy\\\"\\nproposal_url: \\\"https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF\\\"\\nproposal_date: 2024-02-05\\nresolution_date: 2024-02-10\\ncategory: \\\"treasury\\\"\\nsummary: \\\"Execute spot market creation for META by establishing liquidity pool with 1,000 META paired with 35,000 USDC and distributing 3,100 META to sale participants\\\"\\ntracked_by: rio\\ncreated: 2026-03-11\\n---\\n\\n# MetaDAO: Execute Creation of Spot Market for META?\\n\\n## Summary\\nThis proposal executed the creation of a spot market for META tokens following the passage of Proposal 3, which authorized MetaDAO to raise capital and create a liquidity pool. The proposal established a 4/6 multisig to manage the fundraising process, distribute META to participants, and create the initial liquidity pool on Meteora with a starting price of 35 USDC/META.\\n\\n## Market Data\\n- **Outcome:** Passed\\n- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhgi7f47UuMnyMyR78yy\\n- **Proposal Account:** HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF\\n- **DAO Account:** 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy\\n- **Autocrat Version:** 0.1\\n- **Created:** 2024-02-05\\n- **Completed:** 2024-02-10\\n\\n## Execution Details\\n\\n### Multisig Structure\\nA 4/6 multisig was created containing:\\n- Proph3t\\n- Dean\\n- Nallok\\n- Durden\\n- Rar3\\n- BlockchainFixesThis\\n\\n### Token Allocation (4,130 META total)\\n- **3,100 META:** Distributed to sale participants based on USDC contributions\\n- **1,000 META:** Paired with 35,000 USDC to create liquidity pool (initial price: 35 USDC/META)\\n- **30 META:** Compensation for multisig members (5 META each)\\n\\n### Fundraising Process\\n1. Participants submitted demand via Google form\\n2. Proph3t determined allocations\\n3. Participants had until Feb 7th to transfer USDC\\n4. Unfilled allocations were offered to waitlisted participants on Feb 8th\\n5. Final execution on Feb 9th: META distribution, liquidity pool creation on Meteora, multisig disbandment\\n\\n## Significance\\nThis proposal demonstrates the operational mechanics of MetaDAO's futarchy implementation in practice, including the hybrid governance model where market-based decisions (the approval to create the spot market) are executed through traditional trust-based mechanisms (multisig with reputation at stake). The proposal explicitly acknowledged: \\\"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.\\\"\\n\\nThe successful execution established META's first spot market with transparent price discovery, following a structured fundraising process that raised 75,000 USDC from community participants.\\n\\n## Relationship to KB\\n- [[metadao]] - treasury operation and liquidity creation\\n- [[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]] - operational example of Autocrat v0.1\\n- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - demonstrates multisig execution layer\"\n },\n {\n \"filename\": \"metadao.md\",\n \"domain\": \"internet-finance\",\n \"action\": \"update\",\n \"timeline_entry\": \"- **2024-02-05** \u2014 [[metadao-execute-creation-of-spot-market-for-meta]] passed: Created 4/6 multisig to execute spot market creation, transferring 4,130 META for participant distribution (3,100), liquidity pool creation (1,000 META + 35,000 USDC at 35 USDC/META initial price), and multisig compensation (30)\"\n },\n {\n \"filename\": \"meteora.md\",\n \"domain\": \"internet-finance\",\n \"action\": \"update\",\n \"timeline_entry\": \"- **2024-02-09** \u2014 MetaDAO created initial META spot market liquidity pool on Meteora, pairing 1,000 META with 35,000 USDC (initial price: 35 USDC/META) following passage of governance proposal\"\n }\n ],\n \"source_update\": {\n \"status\": \"processed\",\n \"processed_by\": \"rio\",\n \"processed_date\": \"2026-03-11\",\n \"claims_extracted\": [],\n \"enrichments_applied\": [\n \"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\",\n \"futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md\"\n ],\n \"entities_updated\": [\n \"metadao-execute-creation-of-spot-market-for-meta.md\",\n \"metadao.md\",\n \"meteora.md\"\n ],\n \"key_facts\": [\n \"MetaDAO Proposal 5 transferred 4,130 META total (2024-02-05)\",\n \"Initial META spot price set at 35 USDC/META\",\n \"Fundraising target was 75,000 USDC\",\n \"Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold)\",\n \"Proposal completed execution 2024-02-10\"\n ],\n \"notes\": \"This source is a governance proposal execution record, not a source of novel claims. The primary output is a decision_market entity documenting the proposal details. Two enrichments added: (1) operational example of Autocrat v0.1 mechanics showing the multisig execution layer, and (2) confirmation that futarchy DAOs use traditional trust-based scaffolding for treasury operations. No new claims extracted because the insights are operational details of existing mechanism claims, not novel propositions about futarchy or governance.\"\n }\n}\n```", + "parsed": { + "claims": [], + "enrichments": [ + { + "target_file": "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", + "type": "extend", + "evidence": "MetaDAO Proposal 5 demonstrates the operational mechanics of Autocrat v0.1 in practice: a 4/6 multisig was created containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a spot market creation. The proposal transferred 4,130 META to the multisig with specific allocation: 3,100 META for sale participants, 1,000 META paired with 35,000 USDC to create the liquidity pool (setting initial spot price at 35 USDC/META), and 30 META as compensation (5 META per multisig member). The proposal explicitly acknowledged 'no algorithmic guarantee' that multisig members would execute as specified, relying instead on reputation risk: 'it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation.' The proposal passed and completed execution between 2024-02-05 (creation) and 2024-02-10 (completion).", + "source_ref": "Futardio Proposal HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF, 2024-02-05" + }, + { + "target_file": "futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md", + "type": "confirm", + "evidence": "MetaDAO's spot market creation proposal (Proposal 5) relied on a 4/6 multisig with named individuals (Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis) to execute treasury operations, explicitly acknowledging the absence of algorithmic enforcement: '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.' This demonstrates futarchy DAOs using traditional trust-based governance scaffolding (multisig + reputation) for operational execution even when the decision itself was made through conditional markets.", + "source_ref": "Futardio Proposal HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF, 2024-02-05" + } + ], + "entities": [ + { + "filename": "metadao-execute-creation-of-spot-market-for-meta.md", + "domain": "internet-finance", + "action": "create", + "entity_type": "decision_market", + "content": "---\ntype: entity\nentity_type: decision_market\nname: \"MetaDAO: Execute Creation of Spot Market for META?\"\ndomain: internet-finance\nstatus: passed\nparent_entity: \"[[metadao]]\"\nplatform: \"futardio\"\nproposer: \"UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhgi7f47UuMnyMyR78yy\"\nproposal_url: \"https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF\"\nproposal_date: 2024-02-05\nresolution_date: 2024-02-10\ncategory: \"treasury\"\nsummary: \"Execute spot market creation for META by establishing liquidity pool with 1,000 META paired with 35,000 USDC and distributing 3,100 META to sale participants\"\ntracked_by: rio\ncreated: 2026-03-11\n---\n\n# MetaDAO: Execute Creation of Spot Market for META?\n\n## Summary\nThis proposal executed the creation of a spot market for META tokens following the passage of Proposal 3, which authorized MetaDAO to raise capital and create a liquidity pool. The proposal established a 4/6 multisig to manage the fundraising process, distribute META to participants, and create the initial liquidity pool on Meteora with a starting price of 35 USDC/META.\n\n## Market Data\n- **Outcome:** Passed\n- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhgi7f47UuMnyMyR78yy\n- **Proposal Account:** HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF\n- **DAO Account:** 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy\n- **Autocrat Version:** 0.1\n- **Created:** 2024-02-05\n- **Completed:** 2024-02-10\n\n## Execution Details\n\n### Multisig Structure\nA 4/6 multisig was created containing:\n- Proph3t\n- Dean\n- Nallok\n- Durden\n- Rar3\n- BlockchainFixesThis\n\n### Token Allocation (4,130 META total)\n- **3,100 META:** Distributed to sale participants based on USDC contributions\n- **1,000 META:** Paired with 35,000 USDC to create liquidity pool (initial price: 35 USDC/META)\n- **30 META:** Compensation for multisig members (5 META each)\n\n### Fundraising Process\n1. Participants submitted demand via Google form\n2. Proph3t determined allocations\n3. Participants had until Feb 7th to transfer USDC\n4. Unfilled allocations were offered to waitlisted participants on Feb 8th\n5. Final execution on Feb 9th: META distribution, liquidity pool creation on Meteora, multisig disbandment\n\n## Significance\nThis proposal demonstrates the operational mechanics of MetaDAO's futarchy implementation in practice, including the hybrid governance model where market-based decisions (the approval to create the spot market) are executed through traditional trust-based mechanisms (multisig with reputation at stake). The proposal explicitly acknowledged: \"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.\"\n\nThe successful execution established META's first spot market with transparent price discovery, following a structured fundraising process that raised 75,000 USDC from community participants.\n\n## Relationship to KB\n- [[metadao]] - treasury operation and liquidity creation\n- [[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]] - operational example of Autocrat v0.1\n- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - demonstrates multisig execution layer" + }, + { + "filename": "metadao.md", + "domain": "internet-finance", + "action": "update", + "timeline_entry": "- **2024-02-05** \u2014 [[metadao-execute-creation-of-spot-market-for-meta]] passed: Created 4/6 multisig to execute spot market creation, transferring 4,130 META for participant distribution (3,100), liquidity pool creation (1,000 META + 35,000 USDC at 35 USDC/META initial price), and multisig compensation (30)" + }, + { + "filename": "meteora.md", + "domain": "internet-finance", + "action": "update", + "timeline_entry": "- **2024-02-09** \u2014 MetaDAO created initial META spot market liquidity pool on Meteora, pairing 1,000 META with 35,000 USDC (initial price: 35 USDC/META) following passage of governance proposal" + } + ], + "source_update": { + "status": "enrichment", + "processed_by": "rio", + "processed_date": "2026-03-11", + "claims_extracted": [], + "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" + ], + "entities_updated": [ + "metadao.md", + "meteora.md" + ], + "key_facts": [ + "MetaDAO Proposal 5 transferred 4,130 META total (2024-02-05)", + "Initial META spot price set at 35 USDC/META", + "Fundraising target was 75,000 USDC", + "Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold)", + "Proposal completed execution 2024-02-10" + ], + "notes": "This source is a governance proposal execution record, not a source of novel claims. The primary output is a decision_market entity documenting the proposal details. Two enrichments added: (1) operational example of Autocrat v0.1 mechanics showing the multisig execution layer, and (2) confirmation that futarchy DAOs use traditional trust-based scaffolding for treasury operations. No new claims extracted because the insights are operational details of existing mechanism claims, not novel propositions about futarchy or governance.", + "model": "anthropic/claude-sonnet-4.5" + } + }, + "model": "anthropic/claude-sonnet-4.5", + "date": "2026-03-15", + "tokens": { + "prompt_tokens": 11752, + "completion_tokens": 2668, + "total_tokens": 14420, + "cost": 0.075276, + "is_byok": false, + "prompt_tokens_details": { + "cached_tokens": 0, + "cache_write_tokens": 0, + "audio_tokens": 0, + "video_tokens": 0 + }, + "cost_details": { + "upstream_inference_cost": 0.075276, + "upstream_inference_prompt_cost": 0.035256, + "upstream_inference_completions_cost": 0.04002 + }, + "completion_tokens_details": { + "reasoning_tokens": 0, + "image_tokens": 0, + "audio_tokens": 0 + } + } +} \ No newline at end of file diff --git a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md index 6b11e782c..54d7a56d6 100644 --- a/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md +++ b/inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md @@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4t date: 2024-02-05 domain: internet-finance format: data -status: unprocessed +status: enrichment tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-11 +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: "This source is a governance proposal execution record, not a source of novel claims. The primary output is a decision_market entity documenting the proposal details. Two enrichments added: (1) operational example of Autocrat v0.1 mechanics showing the multisig execution layer, and (2) confirmation that futarchy DAOs use traditional trust-based scaffolding for treasury operations. No new claims extracted because the insights are operational details of existing mechanism claims, not novel propositions about futarchy or governance." --- ## Proposal Details @@ -61,3 +66,11 @@ Obviously, there is no algorithmic guarantee that the multisig members will actu - Autocrat version: 0.1 - Completed: 2024-02-10 - Ended: 2024-02-10 + + +## Key Facts +- MetaDAO Proposal 5 transferred 4,130 META total (2024-02-05) +- Initial META spot price set at 35 USDC/META +- Fundraising target was 75,000 USDC +- Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis (4/6 threshold) +- Proposal completed execution 2024-02-10