teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 41 Projects Releases Packages Wiki Activity Actions 1
teleo-codex/entities/internet-finance/metadao-execute-creation-spot-market-meta.md
Teleo Agents 1f1b9ef9e2 rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md 
- Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 12:30:59 +00:00

3 KiB
Raw Blame History

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: Execute Creation of Spot Market for META internet-finance passed metadao futardio UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF 2024-02-05 2024-02-10 treasury Authorized 4,130 META transfer to 4/6 multisig to execute spot market creation via liquidity pool on Meteora
meta_allocated participant_allocation liquidity_pool initial_price multisig_compensation multisig_threshold
4,130 META 3,100 META 1,000 META + 35,000 USDC 35 USDC/META 30 META (5 per member) 4/6
rio 2026-03-11

MetaDAO: Execute Creation of Spot Market for META

Summary

Proposal 5 authorized the transfer of 4,130 META tokens to a 6-person multisig (4/6 threshold) to execute the creation of a spot market for META tokens. This followed the passage of Proposal 3, which gave the DAO authority to raise capital and create a liquidity pool. The execution involved: (1) distributing 3,100 META to sale participants who committed USDC, (2) pairing 1,000 META with 35,000 USDC to create a liquidity pool on Meteora at an initial price of 35 USDC/META, and (3) compensating multisig members with 5 META each.

Market Data

  • Outcome: Passed
  • Proposer: UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
  • Proposal Number: 5
  • Completed: 2024-02-10 (5 days after creation)

Execution Process

The proposal detailed a multi-step execution timeline:

  1. Participants submitted demand via Google form
  2. Proph3t allocated amounts and notified participants (Feb 5)
  3. USDC transfer deadline (Feb 7)
  4. Backfill allocation for non-completing participants (Feb 8)
  5. META distribution, LP creation, and multisig disbandment (Feb 9)

Multisig members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis

Significance

This proposal demonstrates the operational gap between futarchy's market-based decision-making and execution. The proposal explicitly acknowledged "no algorithmic guarantee" of proper execution, relying instead on reputational stakes of multisig members. This reveals that even after conditional markets determine optimal decisions, MetaDAO requires traditional trust-minimized governance structures (multisig with reputational enforcement) for treasury operations involving real capital.

The proposal also shows MetaDAO's approach to liquidity bootstrapping: using futarchy to authorize capital deployment, then executing through a time-bound multisig that disbands after completion.

Relationship to KB