diff --git a/domains/internet-finance/MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md b/domains/internet-finance/MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md index cbe6d39b..a85b462a 100644 --- a/domains/internet-finance/MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md +++ b/domains/internet-finance/MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md @@ -41,6 +41,12 @@ Dean's List ThailandDAO proposal (DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM) f Proposal #3 failed with no indication of trading activity or market participation in the on-chain data, consistent with the pattern of minimal engagement in proposals without controversy or competitive dynamics. + +### Additional Evidence (extend) +*Source: [[2024-10-30-futardio-proposal-swap-150000-into-isc]] | Added: 2026-03-15* + +The ISC treasury swap proposal (Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ) was a contested decision that failed, showing futarchy markets can reject proposals with clear economic rationale when risk factors dominate. The proposal offered inflation hedge benefits but markets priced early-stage counterparty risk higher, demonstrating active price discovery in treasury decisions. + --- Relevant Notes: diff --git a/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md b/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md index d26c69bf..cae2a1f5 100644 --- a/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md +++ b/domains/internet-finance/futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md @@ -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 - 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 (confirm) +*Source: [[2024-10-30-futardio-proposal-swap-150000-into-isc]] | Added: 2026-03-15* + +MetaDAO's rejection of ISC treasury diversification shows futarchy markets applying conservative risk assessment to treasury operations. Despite theoretical inflation hedge benefits, markets rejected a 6.8% allocation to an early-stage stablecoin, prioritizing capital preservation over yield optimization - a pattern consistent with traditional treasury management. + --- Relevant Notes: diff --git a/entities/internet-finance/futuredao.md b/entities/internet-finance/futuredao.md index 015de03c..c55a7eb0 100644 --- a/entities/internet-finance/futuredao.md +++ b/entities/internet-finance/futuredao.md @@ -23,5 +23,6 @@ FutureDAO is a market-governed decentralized organization building the Future Pr - **2024-06-05** — futuredao-token-migrator proposal passed: Approved $12,000 USDC development budget for token migration tool with 60% presale success threshold and tiered fee structure (2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M) distributed to Champions NFT stakers - **2024-06-08** — Token Migrator proposal completed and ended +- **2024-08-30** — Proposed $25,000 budget for Pre-Governance Mandates tool development and entry into Solana Radar Hackathon (September 1 - October 8, 2024). Tool combines multi-criteria decision-making engine with customizable surveys and Web3 integration to facilitate pre-governance community engagement. Proposal passed 2024-09-02. ## Relationship to KB FutureDAO extends [[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]] by applying conditional market logic to community takeovers of existing projects rather than just initial launches. The token migrator uses [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] to distribute migration fees to staked NFT holders. \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 42efd5bd..cf50ed00 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -64,6 +64,7 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2023-12-13** — Completed Autocrat v0.1 migration, moving 990,000 META, 10,025 USDC, and 5.5 SOL to new program despite unverifiable build - **2024-01-24** — Proposed AMM program to replace CLOB markets, addressing liquidity fragmentation and state rent costs (Proposal CF9QUBS251FnNGZHLJ4WbB2CVRi5BtqJbCqMi47NX1PG) - **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget +- **2024-08-31** — Passed proposal to enter services agreement with Organization Technology LLC, creating US entity vehicle for paying contributors with $1.378M annualized burn rate. Entity owns no IP (all owned by MetaDAO LLC) and cannot encumber MetaDAO LLC. Agreement cancellable with 30-day notice or immediately for material breach. ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/.extraction-debug/2024-10-30-futardio-proposal-swap-150000-into-isc.json b/inbox/archive/.extraction-debug/2024-10-30-futardio-proposal-swap-150000-into-isc.json new file mode 100644 index 00000000..29f9797f --- /dev/null +++ b/inbox/archive/.extraction-debug/2024-10-30-futardio-proposal-swap-150000-into-isc.json @@ -0,0 +1,34 @@ +{ + "rejected_claims": [ + { + "filename": "isc-stablecoin-uses-multi-asset-basket-collateralization-to-resist-dollar-inflation.md", + "issues": [ + "missing_attribution_extractor" + ] + }, + { + "filename": "metadao-treasury-diversification-proposal-failed-due-to-isc-risk-profile.md", + "issues": [ + "missing_attribution_extractor" + ] + } + ], + "validation_stats": { + "total": 2, + "kept": 0, + "fixed": 4, + "rejected": 2, + "fixes_applied": [ + "isc-stablecoin-uses-multi-asset-basket-collateralization-to-resist-dollar-inflation.md:set_created:2026-03-15", + "metadao-treasury-diversification-proposal-failed-due-to-isc-risk-profile.md:set_created:2026-03-15", + "metadao-treasury-diversification-proposal-failed-due-to-isc-risk-profile.md:stripped_wiki_link:futarchy-governed DAOs converge on traditional corporate gov", + "metadao-treasury-diversification-proposal-failed-due-to-isc-risk-profile.md:stripped_wiki_link:MetaDAOs futarchy implementation shows limited trading volum" + ], + "rejections": [ + "isc-stablecoin-uses-multi-asset-basket-collateralization-to-resist-dollar-inflation.md:missing_attribution_extractor", + "metadao-treasury-diversification-proposal-failed-due-to-isc-risk-profile.md:missing_attribution_extractor" + ] + }, + "model": "anthropic/claude-sonnet-4.5", + "date": "2026-03-15" +} \ No newline at end of file diff --git a/inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md b/inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md index fe86b9df..21485c87 100644 --- a/inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md +++ b/inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md @@ -6,9 +6,12 @@ url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH date: 2024-08-31 domain: internet-finance format: data -status: unprocessed +status: enrichment tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-15 +extraction_model: "anthropic/claude-sonnet-4.5" --- ## Proposal Details @@ -78,3 +81,13 @@ If any significant material expense is to be assessed or significant changes to - Autocrat version: 0.3 - Completed: 2024-09-03 - Ended: 2024-09-03 + + +## Key Facts +- MetaDAO Proposal 6 passed on 2024-09-03 +- Organization Technology LLC expected annualized burn is $1.378M +- Services agreement can be canceled with 30-day notice or immediately for material breach +- First disbursement from MetaDAO LLC to Organization Technology LLC occurred September 1, 2024 or when passed, whichever later +- Proposal created 2024-08-31 by Nallok and Proph3t +- Proposal account: 53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5 +- MetaDAO completed strategic partnership via Proposal 19 four weeks prior diff --git a/inbox/archive/2024-10-30-futardio-proposal-swap-150000-into-isc.md b/inbox/archive/2024-10-30-futardio-proposal-swap-150000-into-isc.md index fe3b3b31..bbf159b7 100644 --- a/inbox/archive/2024-10-30-futardio-proposal-swap-150000-into-isc.md +++ b/inbox/archive/2024-10-30-futardio-proposal-swap-150000-into-isc.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9ro date: 2024-10-30 domain: internet-finance format: data -status: unprocessed +status: enrichment tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-15 +enrichments_applied: ["MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.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" --- ## Proposal Details @@ -92,3 +96,12 @@ Potential pitfalls: - Autocrat version: 0.3 - Completed: 2024-11-03 - Ended: 2024-11-03 + + +## Key Facts +- MetaDAO treasury held approximately $2.2M USDC as of 2024-10-30 +- ISC launched at $1.545 on 2023-03-17 and traded at $1.81 on 2024-10-30 +- USD lost 17.8% of value since 2020 according to proposal +- Proposal parameters: 150,000 USDC DCA over 10 orders, 1 hour intervals, price range $1.70-$1.90 +- Proposal account: Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ +- Proposal status: Failed, completed 2024-11-03