1ea680c7da
- Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
1.8 KiB
1.8 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 | MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins | internet-finance | failed | metadao | futardio | Ben Hawkins | https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK | 2024-02-13 | 2024-02-18 | treasury | Ben Hawkins proposed minting 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META | rio | 2026-03-11 |
MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins
Summary
Ben Hawkins proposed to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal was rejected by the futarchy markets.
Market Data
- Outcome: Failed
- Proposer: Ben Hawkins
- Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- Proposal Number: 6
- Created: 2024-02-13
- Completed: 2024-02-18
- Ended: 2024-02-18
Significance
This proposal represents an early test of MetaDAO's futarchy-governed treasury operations, where the market rejected a direct OTC token sale. The failure suggests either the market viewed the $33.33 valuation as too dilutive, or there was insufficient confidence in the trade's impact on META token price. This is one of several OTC trade proposals MetaDAO evaluated in early 2024, providing data on how futarchy markets price treasury decisions.
Relationship to KB
- metadao - treasury governance decision
- futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control - example of market-governed capital allocation