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- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FutureDAO: Fund the Rug Bounty Program | internet-finance | passed | futardio | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt | 2024-06-14 | 2024-06-17 | grants | Fund development of RugBounty.xyz platform to help communities recover from rug pulls through bounty-incentivized token migrations | rio | 2026-03-11 |
FutureDAO: Fund the Rug Bounty Program
Summary
Proposal to allocate $5,000 USDC to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising >60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team."
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 2
- Created: 2024-06-14
- Ended: 2024-06-17
- Completed: 2024-06-19
Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs (API & Hosting): $1,000+ USDC
- Bounty Pool: TBD based on project scope
Significance
This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, extending their Token Migration tool with a bounty-driven distribution mechanism. The program creates a new use case for futarchy-governed capital allocation: funding public goods that protect DeFi participants while driving adoption of the parent protocol's tools.
The bounty structure (rewarding successful migrations >60% of presale target) creates measurable success criteria and aligns incentives between recovery facilitators and affected communities.
Relationship to KB
- futardio - governance decision funding product development
- MetaDAO - futarchy infrastructure provider
- 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 - governance mechanism used