0da42ebbf1
Separates governance decisions from entities. decision_market type replaced
by type: decision in new decisions/ directory. Entities (companies, people,
protocols) remain in entities/{domain}/.
Architecture: Leo (schema), Rio (taxonomy), Ganymede (migration), Rhea (ops)
Implemented by: Epimetheus
Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
58 lines
No EOL
3.2 KiB
Markdown
58 lines
No EOL
3.2 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: Engage in $250,000 OTC Trade with Colosseum"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: futardio
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proposer: pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8
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proposal_url: "https://www.futard.io/proposal/5qEyKCVyJZMFZSb3yxh6rQjqDYxASiLW7vFuuUTCYnb1"
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proposal_date: 2024-03-19
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resolution_date: 2024-03-24
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category: fundraise
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summary: "Colosseum acquired up to $250,000 USDC worth of META tokens with dynamic pricing based on TWAP and 12-month vesting structure"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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offer_amount: "$250,000 USDC"
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price_mechanism: "TWAP-based with $850 cap, void above $1,200"
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immediate_unlock: "20%"
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vesting_period: "12 months linear"
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meta_spot_price: "$468.09 (2024-03-18)"
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meta_circulating_supply: "17,421 tokens"
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transfer_amount: "2,060 META (overallocated for price flexibility)"
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---
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# MetaDAO: Engage in $250,000 OTC Trade with Colosseum
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## Summary
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Colosseum proposed acquiring META tokens from MetaDAO's treasury for $250,000 USDC with a dynamic pricing mechanism tied to the pass market TWAP. The structure included 20% immediate unlock and 80% linear vesting over 12 months through Streamflow. The proposal included a sponsored DAO track ($50,000-$80,000 prize pool) in Colosseum's next hackathon as strategic partnership commitment.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** pR13Aev6U2DQ3sQTWSZrFzevNqYnvq5TM9c1qTKLfm8
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- **Resolution:** 2024-03-24
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- **Proposal Number:** 13
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## Pricing Mechanism
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The acquisition price per META was determined by conditional logic:
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- If pass market TWAP < $850: price = TWAP
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- If pass market TWAP between $850-$1,200: price = $850 (capped)
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- If pass market TWAP > $1,200: proposal void, USDC returned
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This created a price discovery mechanism with downside flexibility and upside protection for the treasury.
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## Execution Structure
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The proposal transferred 2,060 META to a 5/7 multisig (FhJHnsCGm9JDAe2JuEvqr67WE8mD2PiJMUsmCTD1fDPZ) with members from both Colosseum and MetaDAO. The overallocation (beyond the $250k/$850 = 294 META minimum) provided flexibility for price fluctuations, with excess META returned to treasury.
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## Strategic Rationale
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Colosseum positioned the investment as ecosystem development rather than pure capital deployment, emphasizing their ability to funnel hackathon participants and accelerator companies to MetaDAO. The sponsored DAO track commitment ($50k-$80k value) represented immediate reciprocal value beyond the token purchase.
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## Significance
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This represents one of the earliest institutional OTC acquisitions through futarchy governance, demonstrating that prediction markets can price complex multi-party agreements with conditional terms. The vesting structure and multisig execution show how futarchy-governed DAOs handle treasury operations requiring operational security beyond pure market mechanisms.
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## Relationship to KB
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- [[metadao]] — treasury management decision
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- [[colosseum]] — strategic investor
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — confirms pattern |