52 lines
2.8 KiB
Markdown
52 lines
2.8 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Develop Futarchy as a Service (FaaS)"
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domain: internet-finance
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status: passed
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-03-11
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "0xNallok"
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proposal_url: "https://www.futard.io/proposal/D9pGGmG2rCJ5BXzbDoct7EcQL6F6A57azqYHdpWJL9Cc"
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proposal_date: 2024-03-13
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resolution_date: 2024-03-19
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category: strategy
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summary: "Fund $96K to build futarchy-as-a-service platform enabling other Solana DAOs to adopt futarchic governance"
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tags: ["futarchy", "faas", "product-development", "solana-daos"]
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---
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# MetaDAO: Develop Futarchy as a Service (FaaS)
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## Summary
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Nallok proposed building a Realms-like UI enabling any Solana DAO to create and participate in futarchic governance. Budget: $96K for 2 months ($40K USDC from treasury + 342 META to convert). Team: 1 smart contract engineer, 1 auditor, 2 UI/UX, 1 data/services developer, 1 project manager. This was MetaDAO's first product expansion beyond self-governance — the pivot from "futarchy for MetaDAO" to "futarchy for everyone."
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## Market Data
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- **Outcome:** Passed (2024-03-19)
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- **Autocrat version:** 0.1
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- **Key participants:** 0xNallok (entrepreneur/PM), Proph3t (multisig), Nico (multisig)
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## Significance
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This proposal marks MetaDAO's strategic pivot from a governance experiment to a platform business. The financial projections (5-100 DAO customers, $50-$500/proposal in taker fees, $50-$1,000/month licensing) reveal early business model thinking. The explicit goal of "vertical integration" and "owning the whole stack" shows Proph3t and Nallok's approach to defensibility.
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Particularly notable: the monetization model (taker fees + licensing + consulting) anticipated the Futarchic AMM revenue model that would later become MetaDAO's primary income source. The FaaS concept directly led to Drift, Dean's List, and Future adopting futarchy.
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## Relationship to KB
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- [[metadao]] — strategic pivot to platform
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — FaaS was the first step toward this
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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]] — multisig custody of funds alongside futarchy approval
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — FaaS aimed to reduce adoption friction
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---
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Relevant Entities:
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- [[metadao]] — parent organization
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- [[nallok]] — project entrepreneur
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- [[proph3t]] — multisig member
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- [[deans-list]] — early FaaS adopter
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- [[drift]] — early FaaS adopter
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Topics:
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- [[internet finance and decision markets]]
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