---
type: decision
entity_type: decision_market
name: "MetaDAO: Swap $150,000 into ISC"
domain: internet-finance
status: passed
parent_entity: "[[metadao]]"
platform: metadao
proposer: "@Richard_ISC"
proposal_url: "https://v1.metadao.fi/metadao/trade/ISCSwap15000011111111111111111111111111111"
proposal_date: 2024-10-30
resolution_date: 2024-11-02
category: treasury
summary: "Swap $150K USDC (6.8% of treasury) into ISC inflation-resistant stablecoin via Jupiter DCA (10 orders, 1hr intervals, min $1.70 max $1.90). ISC team commits to use MetaDAO futarchy for governance."
key_metrics:
  proposal_account: "ISCSwap15000011111111111111111111111111111"
  autocrat_version: "0.3"
  swap_amount: "$150,000 USDC"
  treasury_percentage: "6.8%"
tags: [metadao, treasury, isc, stablecoin, diversification, passed]
tracked_by: rio
created: 2026-03-11
last_updated: 2026-03-24
---

# MetaDAO: Swap $150,000 into ISC

## Summary & Connections

**Swap 6.8% of treasury ($150K USDC) into ISC — inflation-resistant stable currency.** Collateralized by basket: 20% cash, 20% commodities, 20% treasuries, 20% bonds, 20% equities. Jupiter DCA: 10 orders, 1hr intervals, $1.70-$1.90 price range. ISC team commits to use MetaDAO futarchy for governance.

**Outcome:** Passed (~2024-11-02).

**Connections:**
- First MetaDAO treasury diversification beyond USDC — the market approved non-USD denominated reserves
- The "dollar has lost 17.8% of its value since 2020" framing is a macro thesis embedded in a treasury proposal
- ISC's commitment to use MetaDAO futarchy for governance is a customer acquisition deal disguised as a treasury swap — evidence of the [[metadao-develop-faas]] business model working (DAOs adopt futarchy through partnership)
- [[ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests]] — diversification is active management
- [[isc-stablecoin]] — the asset acquired

---

## Full Proposal Text

### Type
Operations Direct Action

### Author(s)
@Richard_ISC

### Overview

MetaDAO has approximately $2.2M in USDC in its treasury.

This poses a risk to the DAO given that the US Dollar has been losing value at an increasing rate. The dollar has lost 17.8% of its value since 2020. Due to the debt situation, we don't expect this to be resolved soon, if ever.

$ISC was built specifically to solve this issue. ISC is an inflation-resistant stable currency built on Solana. It was launched at the Solana Hacker House in HCMC on 2023-03-17 at a price of $1.545. It is now trading at $1.81.

Not pegged to USD, ISC is collateralized by a basket of financial assets. This basket consists of 20% cash, 20% commodities, 20% treasuries, 20% bonds, and 20% equities.

If the proposal passes, MetaDAO will swap 150,000 USDC of its treasury (~6.8%) for ISC.

Details:

MetaDAO would execute a DCA order on jup.ag using the following parameters:

- Amount: 150,000 USDC
- To buy: ISC
- Every: 1 hours
- Over: 10 orders
- Min price: 1.7
- Max Price: 1.9

The ISC team would encourage other DAOs to use MetaDAO Futarchy for similar treasury swap proposals. This could easily turn into a win-win-win.

Once the ISC DAO is set up, ISC would commit to use MetaDAO for part of its governance. Example proposals:
- Remove Freeze authority
- Changes in the basket

Potential advantages:
- MetaDAO maintains its treasury value over time
- Promotes other new Solana-native projects
- Showcase a simple Futarchy proposal for other DAOs to follow

---

## Raw Data

- Proposal account: (from source)
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
- Proposer: (@Richard_ISC)
- Autocrat version: 0.3
- Completed: ~2024-11-02

## Relationship to KB
- [[metadao]] — parent entity, treasury diversification
- [[isc-stablecoin]] — asset acquired
- [[ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests]] — active treasury management