---
type: entity
entity_type: decision_market
name: "IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens"
domain: internet-finance
status: passed
parent_entity: "[[deans-list]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/7KkoRGyvzhvzKjxuPHjyxg77a52MeP6axyx7aywpGbdc"
proposal_date: 2024-06-08
resolution_date: 2024-06-11
category: "grants"
summary: "Allocate 1M $DEAN tokens to University of Waterloo Blockchain Club to attract talent and increase governance participation"
tracked_by: rio
created: 2026-03-11
---

# IslandDAO: Reward the University of Waterloo Blockchain Club with 1 Million $DEAN Tokens

## Summary
Proposal to allocate 1 million $DEAN tokens (equivalent to 1,300 USDC at time of proposal) to the University of Waterloo Blockchain Club's 200 members. The proposal required a 5% increase in The Dean's List DAO's fully diluted valuation (from $115,655 to $121,438) measured over a 5-day trading period to pass.

## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Trading Period:** 5 days (2024-06-08 to 2024-06-11)
- **Token Allocation:** 1,000,000 $DEAN (~1,300 USDC)
- **Required FDV Increase:** 5% ($5,783)
- **Target FDV:** $121,438

## Significance
This proposal demonstrates futarchy-governed grant allocation with explicit ROI metrics. The proposal framework calculated that each of the 200 students needed to contribute activities increasing FDV by approximately $28.92 to justify the allocation, projecting a benefit of $4.45 per dollar spent. The tokens were to be held in a multi-signature wallet for secure management.

The proposal represents an early experiment in using conditional markets to evaluate community partnership investments, with measurable success criteria (5% FDV increase) rather than subjective governance voting.

## Relationship to KB
- [[deans-list]] - governance decision
- [[futardio]] - platform used
- [[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]] - mechanism