---
type: source
title: "Futardio: Swap $150,000 into ISC?"
author: "futard.io"
url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
date: 2024-10-30
domain: internet-finance
format: data
status: processed
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
derived_items:
  - "decisions/internet-finance/metadao-swap-150k-into-isc.md"
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- "token-migration-fees-distributed-to-staked-nft-holders-create-revenue-sharing-without-direct-dao-treasury-capture"
- "myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment"
- "protocol-specific-first-loss-staking-creates-stronger-defi-insurance-underwriting-incentives-than-socialized-coverage-pools-because-stakers-bear-concentrated-losses-on-protocols-they-select"
- "futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility"
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- "seyf-demonstrates-intent-based-wallet-architecture-where-natural-language-replaces-manual-defi-navigation"
- "areal-demonstrates-rwa-tokenization-with-vehicle-pilot-achieving-26-percent-apy-through-carsharing-revenue"
- "house-mode-betting-against-protocol-enables-prediction-markets-to-function-with-uneven-liquidity-by-having-the-platform-take-counterparty-risk"
- "futarchy-ico-capital-inflows-concentrate-in-final-24-hours-creating-massive-acceleration-into-close"
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- "algorithm-driven-social-feeds-create-attention-to-liquidity-conversion-in-meme-token-markets"
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- "tridash-implements-60-second-prediction-markets-as-multiplayer-game-mechanics-compressing-resolution-time-from-days-to-seconds"
- "seyf-futardio-fundraise-raised-200-against-300000-target-signaling-near-zero-market-traction-for-ai-native-wallet-concept"
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- "permissionless launch platforms generate high failure rates that function as market-based quality filters because only projects attracting genuine capital survive while failed attempts carry zero reputational cost to the platform"
---

## Proposal Details
- Project: MetaDAO
- Proposal: Swap $150,000 into ISC?
- Status: Failed
- Created: 2024-10-30
- URL: https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ
- Description: If executed, this proposal would convert $150,000 of MetaDAO's treasury into $ISC, a Solana-native stablecoin
- Categories: {'category': 'Treasury'}
- Discussion: https://discord.gg/V4TSWuCc3X

## Summary

### 🎯 Key Points  
MetaDAO proposes to swap $150,000 USDC (approximately 6.8% of its treasury) for ISC to hedge against dollar devaluation and encourage other DAOs to adopt similar treasury strategies.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
This move aims to protect MetaDAO's treasury value while potentially benefiting other DAOs through the promotion of innovative governance structures.

#### 📈 Upside Potential  
Holding ISC may help maintain the value of MetaDAO's treasury over time due to its inflation-resistant design.

#### 📉 Risk Factors  
The proposal carries risks such as the potential for ISC to lose value against the USD, given its nascent stage and smaller market presence compared to USDC.

## Content

**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 that we have in mind:
- 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

Potential pitfalls:
- ISC is still small and early compared to USDC
- ISC could lose value to the USD

## Raw Data

- Proposal account: `Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ`
- Proposal number: 8
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
- Autocrat version: 0.3
- Completed: 2024-11-03
- Ended: 2024-11-03