37c8c6dc19
Archive schema migration: 49 source files standardized with status + claims_extracted. schemas/source.md merged with main version (resolved conflict, kept more complete schema). Reviewed by Rio.
58 lines
3.4 KiB
Markdown
58 lines
3.4 KiB
Markdown
---
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type: evidence
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source: "https://www.metadao.fi/projects/solomon/proposal/8c9sFZ5Z46ZLnhywkWuJ5BhJK4Wrj19AN4gzQicyBKjK"
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author: "Solomon DAO"
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date: 2026-03-05
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archived_by: rio
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tags: [solomon, treasury, subcommittee, legal, governance, SOP, metadao-ecosystem]
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status: processed
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claims_extracted:
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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"
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---
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# Solomon DP-00001: Treasury Subcommittee (Pre-Formation) and Legal Budget — Full Text
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## Market Data (as of Mar 5 2026)
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- Total Volume: $5.79K
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- Pass Likelihood: 50%
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- SOLO-USDC Pass Price: $0.5651 (+1.00%) | Spot: $0.5595 | Fail Price: $0.5554 (-0.73%)
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## Summary
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A staged path to deploy the DAO treasury. DP-00001 does two things:
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1. Funds a capped $150K legal and compliance budget in a segregated wallet (restricted to legal/regulatory work only)
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2. Nominates a pre-formation treasury subcommittee for readiness work only (no authority to move treasury funds)
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## Key Details
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**Subcommittee Designates:**
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- Drew (Co-founder 01Resolved) — crypto native finance, treasury intelligence
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- Usman (Founder Oro/orogoldapp) — RWA infrastructure, gold
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- Kru (Co-founder Umbra Privacy) — design, building on Solana since 2022
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- Kollan (Co-Founder MetaDAO) — governance, capital formation, early-stage funding
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**What designates CAN do:** Draft treasury policies, design multisig/vault plans, prepare allowlists/limits/incident-response, prepare service provider checklists.
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**What designates CANNOT do under DP-00001:** Move or control any treasury funds, act as live treasury subcommittee, speak for or bind the company.
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**Legal budget:** $150K USDC from DAO treasury to dedicated wallet. Three firms: Morrison Cohen LLP, NXT Law, GVRN. Covers formation completion, filings, safe governance structures.
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**Pass thresholds adjusted:** Team-sponsored proposals: -300 bps. Non-team proposals: +300 bps. Minimum stake: 500K -> 1.5M (aligned with cohort DAOs).
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**SOP Registry framework introduced:** Standard Operating Procedures drafted by subcommittee, reviewed by membership, ratified through Operational Packs via futarchy votes. No SOPs adopted in DP-00001.
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## Three-Step Rollout
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1. DP-00001 (this): Name designates, release legal budget, introduce SOP framework
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2. DP-00002 (planned): SOLO buyback framework
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3. DP-00003 (planned): Confirm company formation, designate Company Treasury Account, move initial tranche, activate delegated treasury authority with limits
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## Rio's assessment
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- Extraordinary institutional detail for a futarchy-governed DAO — subcommittees, SOPs, confidentiality undertakings, three law firms, segregated wallets
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- Pass threshold asymmetry is a mechanism design detail: team proposals need to "not hurt" (-300 bps), non-team need to "help" (+300 bps) — implicit trust calibration
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- 50% pass likelihood with only $5.79K volume — this is an example of the "limited trading volume in uncontested decisions" phenomenon. The proposal is procedural, not contentious.
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- New claim: futarchy-governed DAOs converge on corporate governance patterns for treasury operations
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- Enriches: MetaDAO platform analysis, futarchy adoption friction
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- The staged rollout itself is evidence that operationalizing futarchy governance is a multi-step process requiring traditional institutional controls
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