0661389406
- Source: inbox/archive/2024-02-20-futardio-proposal-develop-multi-option-proposals.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
66 lines
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3.5 KiB
Markdown
66 lines
No EOL
3.5 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Develop Multi-Option Proposals?"
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domain: internet-finance
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status: failed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "agrippa"
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proposal_url: "https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
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proposal_date: 2024-02-20
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resolution_date: 2024-02-25
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category: "mechanism"
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summary: "Proposal to develop multi-option proposal functionality for MetaDAO, allowing multiple mutually-exclusive outcomes beyond binary Pass/Fail, with 200 META compensation across four milestones"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Develop Multi-Option Proposals?
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## Summary
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Proposal by agrippa to build multi-option proposal functionality for MetaDAO's futarchy implementation, enabling proposals with multiple mutually-exclusive outcomes rather than binary Pass/Fail. Requested 200 META distributed across four development milestones. The proposal failed despite the proposer's technical credentials and detailed value argument.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)
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- **Proposal account:** J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
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- **Created:** 2024-02-20
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- **Completed:** 2024-02-25
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## Compensation Structure
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- **Total:** 200 META across 4 milestones
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- **Milestone 1:** 50 META upon passage
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- **Milestone 2:** 50 META upon completing multi-modal conditional vault program
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- **Milestone 3:** 50 META upon integrating futarch with multi-modal vaults
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- **Milestone 4:** 50 META upon frontend integration
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- **Oversight:** 3/5 multisig (Proph3t, DeanMachine, 0xNallok, LegalizeOnionFutures, sapphire)
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- **Multisig compensation:** 2.5 META per member upon passage
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## Proposer Background
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- Led development on Solana Labs governance-ui (Realms frontend) for one year
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- Developed first conditional tokens vault on Solana (FTX-funded precogparty project)
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- Started one of the first high-school blockchain clubs (2014)
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- Research at Cornell's Initiative for Cryptocurrency and Contracts
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- Invited to 2017 smart contract summit in China (with Vitalik)
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## Value Argument
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Proposer estimated +12.1% value to MetaDAO from:
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- +5% from exponential increase in decision-making bandwidth
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- +5% from solving pork barrel problem through draft-stage alternatives
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- +2% from governance innovation hype
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- +0.1% from fee revenue on conditional vault usage by other protocols
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With 14,416 META circulating supply, proposer calculated feature worth 1,744 META dilution, requesting 200 META (11.5% of estimated value).
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## Significance
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This proposal is significant for mechanism design evolution in futarchy. It represents an attempt to expand futarchy from binary decisions to multi-option selection, addressing a fundamental limitation in the original Hanson design. The failure suggests either market skepticism about the value proposition, concerns about execution risk, or liquidity constraints in the conditional markets.
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The detailed technical specification and value quantification represent a high-quality proposal format that became a template for later MetaDAO proposals.
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## Relationship to KB
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- [[metadao]] — parent organization
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- [[futardio]] — platform where proposal was submitted
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- [[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]] — current binary architecture this proposal aimed to extend
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- [[proph3t]] — multisig member
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- [[nallok]] — multisig member |