extract: 2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition #932

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leo wants to merge 1 commit from extract/2024-08-27-futardio-proposal-fund-the-drift-superteam-earn-creator-competition into main
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---
type: entity
entity_type: decision_market
name: "Drift: Fund The Drift Superteam Earn Creator Competition"
domain: internet-finance
status: failed
parent_entity: "[[drift]]"
platform: "futardio"
proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
proposal_url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY"
proposal_date: 2024-08-27
resolution_date: 2024-08-31
category: "grants"
summary: "Proposal to fund $8,250 prize pool for Drift Protocol Creator Competition promoting B.E.T prediction market through Superteam Earn bounties"
tracked_by: rio
created: 2026-03-11
---
# Drift: Fund The Drift Superteam Earn Creator Competition
## Summary
Proposal to fund a creator competition with $8,250 in DRIFT tokens distributed through Superteam Earn to promote B.E.T (Solana's first capital efficient prediction market built on Drift). The competition included three bounty tracks (video, Twitter thread, trade ideas) plus a grand prize, each with tiered rewards. The proposal failed to pass.
## Market Data
- **Outcome:** Failed
- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- **Prize Pool:** $8,250 in DRIFT tokens
- **Prize Structure:** Grand prize ($3,000), three tracks at $1,750 each with 1st/2nd/3rd place awards
- **Platform:** Superteam Earn
- **Duration:** Created 2024-08-27, completed 2024-08-31
## Significance
Represents an early futarchy-governed marketing/grants decision where a protocol attempted to use conditional markets to approve community engagement spending. The failure suggests either insufficient market participation, unfavorable price impact expectations, or community skepticism about the ROI of creator bounties for prediction market adoption.
## Relationship to KB
- [[drift]] - parent protocol governance decision
- [[futardio]] - governance platform used
- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - may relate to why this failed

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@ -6,4 +6,8 @@ type: timeline
2024-07-01: New event description.
2024-07-05: Another new event description.
2024-07-09: Event description.
2025-02-13: Event description.
2025-02-13: Event description.
## Timeline
- **2024-08-27** - [[drift-fund-the-drift-superteam-earn-creator-competition]] failed: $8,250 creator competition proposal for B.E.T promotion rejected by futarchy markets

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"content": "---\ntype: entity\nentity_type: decision_market\nname: \"Drift: Fund The Drift Superteam Earn Creator Competition\"\ndomain: internet-finance\nstatus: failed\nparent_entity: \"[[drift]]\"\nplatform: \"futardio\"\nproposer: \"proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2\"\nproposal_url: \"https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY\"\nproposal_date: 2024-08-27\nresolution_date: 2024-08-31\ncategory: \"grants\"\nsummary: \"Proposal to fund $8,250 prize pool for Drift Protocol Creator Competition promoting B.E.T prediction market through Superteam Earn bounties\"\ntracked_by: rio\ncreated: 2026-03-11\n---\n\n# Drift: Fund The Drift Superteam Earn Creator Competition\n\n## Summary\nProposal to fund a creator competition with $8,250 in DRIFT tokens distributed through Superteam Earn to promote B.E.T (Solana's first capital efficient prediction market built on Drift). The competition included three bounty tracks (video, Twitter thread, trade ideas) plus a grand prize, each with tiered rewards. The proposal failed to pass.\n\n## Market Data\n- **Outcome:** Failed\n- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2\n- **Prize Pool:** $8,250 in DRIFT tokens\n- **Prize Structure:** Grand prize ($3,000), three tracks at $1,750 each with 1st/2nd/3rd place awards\n- **Platform:** Superteam Earn\n- **Duration:** Created 2024-08-27, completed 2024-08-31\n\n## Significance\nRepresents an early futarchy-governed marketing/grants decision where a protocol attempted to use conditional markets to approve community engagement spending. The failure suggests either insufficient market participation, unfavorable price impact expectations, or community skepticism about the ROI of creator bounties for prediction market adoption.\n\n## Relationship to KB\n- [[drift]] - parent protocol governance decision\n- [[futardio]] - governance platform used\n- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - may relate to why this failed\n",
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"Proposal requested $8,250 total: $3,000 grand prize, three $1,750 tracks with 1st ($1,000), 2nd ($500), 3rd ($250) place awards",
"Competition would run through Superteam Earn platform",
"Funding source: Drift Foundation Grants Program",
"Proposal account: AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY",
"DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx",
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMG
date: 2024-08-27
domain: internet-finance
format: data
status: unprocessed
status: processed
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Single failed governance proposal for marketing/creator bounties. No novel claims about futarchy mechanisms or governance dynamics - routine grants decision that failed. Entity extraction only (decision_market + parent timeline update). The proposal itself contains no arguable insights beyond the factual outcome."
---
## Proposal Details
@ -75,3 +79,14 @@ Link to campaign details and evaluation criteria: [Link](https://docs.google.com
- Autocrat version: 0.3
- Completed: 2024-08-31
- Ended: 2024-08-31
## Key Facts
- Drift is the largest open-sourced perpetual futures exchange on Solana
- B.E.T is Solana's first capital efficient prediction market built on Drift
- Proposal requested $8,250 total: $3,000 grand prize, three $1,750 tracks with 1st ($1,000), 2nd ($500), 3rd ($250) place awards
- Competition would run through Superteam Earn platform
- Funding source: Drift Foundation Grants Program
- Proposal account: AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY
- DAO account: 5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx
- Autocrat version: 0.3