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- Source: inbox/archive/2025-10-22-futardio-proposal-defiance-capital-cloud-token-acquisition-proposal.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.6 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 | Sanctum: DeFiance Capital - CLOUD Token Acquisition Proposal | internet-finance | failed | sanctum | futardio | DeFiance Capital | https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj | 2025-10-22 | 2025-10-25 | treasury | DeFiance Capital proposed to purchase 5% (13.7M CLOUD) of Sanctum's community reserve tokens at $0.12 per token for $1.64M USDC | rio | 2026-03-11 |
Sanctum: DeFiance Capital - CLOUD Token Acquisition Proposal
Summary
DeFiance Capital, a long-term strategic partner of Sanctum since 2021, proposed to acquire 13.7 million CLOUD tokens (5% of the community reserve) at $0.12 per token (30-day TWAP at proposal submission) for $1.64M USDC. The proposal emphasized DeFiance's historical contributions including facilitating LST partnerships with Solana DATs, providing market exposure, and offering strategic advisory. The proposal failed after a 3-day voting period.
Market Data
- Outcome: Failed
- Proposer: DeFiance Capital
- Proposal Account: CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj
- DAO Account: GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov
- Autocrat Version: 0.3
- Duration: 2025-10-22 to 2025-10-25 (3 days)
Terms
- Amount: 13.7M CLOUD tokens (5% of community reserve)
- Price: $0.12 per token (30-day TWAP at submission)
- Total Value: $1.64M USDC
- Payment Destination: Sanctum Community Reserve
- Proposed Value-Add: Institutional promotion, DAT integration facilitation, strategic advisory
Significance
This proposal represents a test case for futarchy-governed treasury sales where an existing strategic partner sought to deepen alignment through direct token acquisition from community reserves. The failure suggests either market skepticism about the valuation ($0.12 vs market price), concerns about diluting community reserves, or insufficient perceived value from the proposed ongoing contributions. The proposal's framing emphasized historical relationship value rather than pure market terms, which may have influenced the outcome.
Relationship to KB
- sanctum - parent entity, governance decision on treasury management
- defiance-capital - proposer entity
- MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window - governance mechanism used