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teleo-codex/entities/internet-finance/metadao-develop-saber-vote-market.md
Teleo Agents 0f068ee30f rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md 
- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 11:36:34 +00:00

3.4 KiB
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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market MetaDAO: Develop a Saber Vote Market? internet-finance passed metadao futardio Proph3t https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM 2023-12-16 2023-12-22 mechanism Proposal to build a Saber vote market funded by $150K from ecosystem partners, enabling veSBR holders to earn yield and projects to access liquidity
budget consortium_funding estimated_tvl_ratio take_rate metadao_ownership
$62,000 $150,000 $1 vote volume per $50 TVL 15% 65%
rio 2026-03-11

MetaDAO: Develop a Saber Vote Market?

Summary

Proposal to build a vote market for Saber (similar to Curve's Votium/Convex model) where veSBR holders can sell their governance votes to projects seeking liquidity. The platform would be funded by $150K from ecosystem partners (UXD, BlazeStake, LP Finance, Saber), with MetaDAO owning 65% and taking a 15% fee on vote trades. Development budget of $62K with 10-week timeline targeting February 2024 launch.

Market Data

  • Outcome: Passed
  • Proposer: Proph3t (metaproph3t)
  • Completed: 2023-12-22
  • Budget: $62,000 development cost, $150,000 total consortium funding
  • Timeline: 10 weeks (Dec 18, 2023 - Feb 19, 2024)

Mechanism Design

The proposal models vote market economics on Curve/Convex data:

  • Estimated $1 in yearly vote trade volume per $50 of Saber TVL (based on Curve at $1/$67, pre-depeg Curve at $1/$48, Aura at $1/$56)
  • 15% take rate (compared to Convex 7-10%, Votium ~3%, Hidden Hand ~10%)
  • At $20M Saber TVL baseline: $400K annual vote volume → $60K annual revenue to MetaDAO
  • Revenue scales with TVL growth scenarios ($40M TVL = $120K/year, $100M TVL = $300K/year)

Team and Execution

  • Marie (UI/UX): $12,000
  • Matt/fzzyyti (smart contracts): $24,000
  • Durden (platform design & tokenomics): $7,000
  • Proph3t (program management): $7,000
  • Joe + r0bre (audit): $10,000 combined
  • Deployment/misc: $2,000

Significance

This represents MetaDAO's second attempt at building vote market infrastructure after pivoting from Marinade (which built internal solution). The proposal demonstrates:

  1. Partnership strategy - Ecosystem consortium funding model where beneficiaries co-fund infrastructure
  2. Revenue model validation - First detailed financial projections for MetaDAO revenue beyond token appreciation
  3. Legitimacy building - Partnering with established Solana protocols (Saber, UXD) to gain credibility
  4. Futarchy application - Using conditional markets to decide whether to pursue this business opportunity

The financial modeling is notably sophisticated, benchmarking against Ethereum vote market comparables (Votium, Hidden Hand, Convex) and projecting revenue scenarios across different TVL levels.

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