m3taversal
198cb3b11e
- What: 5 new decision records with full verbatim proposal text, summary
+ connections at top, correct URLs, on-chain metadata
- Records: LST Vote Market (Proposal 0, passed), Ben Hawkins $100K OTC
(Proposal 8, failed), Memecoin Launchpad (Proposal 5, failed), Theia
$700K OTC (Proposal 9, failed), Theia $630K OTC (Proposal 14, passed)
- URLs: v1.metadao.fi/metadao/trade/{id} for all pre-migration proposals
- Format: Summary & Connections → Full Proposal Text → Raw Data → KB links
This is the template for all future decision records.
- Source: Ben's API proposal archives in inbox/archive/internet-finance/
Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
6.3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tags | tracked_by | created | |||||||||||||
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| decision | decision_market | MetaDAO: Develop Memecoin Launchpad? | internet-finance | failed | metadao | metadao | Proph3t | https://v1.metadao.fi/metadao/trade/J57DcV2yQGiDpSetQHui6Piwjwsbet2ozXVPG77kTvTd | 2024-08-14 | 2024-08-18 | strategy | Proposal 5 — Build 'futardio' as memecoin launchpad with futarchy governance. $100K grant over 6 months. Failed in Aug 2024, but Futardio launched anyway in Feb 2026 under a different proposal. |
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rio | 2026-03-24 |
MetaDAO: Develop Memecoin Launchpad?
Summary & Connections
Proposal 5 — the original futardio pitch, failed. Build a memecoin launchpad where a portion of every launched token goes to a futarchy DAO. Points → $FUTA token. All revenue to FUTA holders. $100K grant over 6 months. The market said no.
Outcome: Failed (2024-08-18). But the idea came back — Futardio launched in February 2026 under metadao-release-launchpad, dropping the $FUTA token concept and focusing purely on permissionless futarchy-governed launches.
Connections:
- The market rejected the speculative version ("pump.fun with a token") and later approved the infrastructure version — evidence that futarchy can override its own prior decisions when new evidence emerges because conditional markets re-evaluate proposals against current information not historical commitments
- Proph3t's insight — "memecoin holders only want the price to increase, there's no question of best long-term action" — became the basis for memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity
- The "potential pitfalls" section (makes futarchy look less serious, harder to sell DeFi DAOs) predicted exactly the brand separation problem addressed by futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility
- metadao-create-futardio — a second attempt to create Futardio also failed (Nov 2024), before the launchpad proposal finally passed
Full Proposal Text
MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."
Coincidentally, there appears to be an opening in the market to launch "pump.fun with a token." Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
For these reasons, I had the idea to create "futardio," a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.
Details
The key ideas are expressed in https://futard.io.
The details of Futardio would be:
- A memecoin launchpad where some percentage of every new token's supply gets allocated to its futarchy DAO
- When users increase key metrics (e.g., volume), they earn points
- After a period of time not exceeding 180 days, these points would convert into a new token ('$FUTA')
- FUTA would be distributed to solely two parties: points owners and MetaDAO
- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling hyperstructure.
- The goal would be to launch it in Q3.
- Nallok and Proph3t wouldn't be the core team, but they would support a team and fund them with a $100k grant paid over 6 months. If a team hasn't started work by the end of Q3, the money would be returned and the project idea cancelled.
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
Potential advantages
- Drive attention and usage to futarchy
- More exposure
- More usage helps MetaDAO improve the product
- Provides more proof points of futarchy
- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
- Create a forcing function to improve the security of the core futarchy platform
Potential pitfalls
- Makes futarchy look less serious
- May make it harder to sell DeFi DAOs / non-crypto organizations
- May make it harder to recruit contributors
- Time & energy investment
- Would prevent MetaDAO from solely focusing on the core platform
Raw Data
- Proposal account:
J57DcV2yQGiDpSetQHui6Piwjwsbet2ozXVPG77kTvTd - Proposal number: 5
- DAO account:
CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9 - Proposer:
65U66fcYuNfqN12vzateJhZ4bgDuxFWN9gMwraeQKByg - Autocrat version: 0.3
- Completed: 2024-08-18
Relationship to KB
- metadao — parent entity
- metadao-create-futardio — second attempt (Nov 2024, also failed)
- metadao-release-launchpad — the proposal that actually launched Futardio (Feb 2025, passed)
- futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility — predicted in the "potential pitfalls"
- memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity — the theoretical basis articulated here