919de6ce3f
- Source: inbox/archive/2024-03-28-futardio-proposal-migrate-autocrat-program-to-v02.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
43 lines
2.7 KiB
Markdown
43 lines
2.7 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Migrate Autocrat Program to v0.2"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "HenryE, Proph3t"
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proposal_url: "https://www.futard.io/proposal/HXohDRKtDcXNKnWysjyjK8S5SvBe76J5o4NdcF4jj963"
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proposal_date: 2024-03-28
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resolution_date: 2024-04-03
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category: "mechanism"
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summary: "Upgrade Autocrat program to v0.2 with reclaimable rent, conditional token merging, token metadata, and governance parameter changes"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Migrate Autocrat Program to v0.2
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## Summary
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This proposal upgraded MetaDAO's core futarchy infrastructure (Autocrat program) to v0.2, introducing three major features: reclaimable rent (~4 SOL recovery per proposal), conditional token merging (pTOKEN + fTOKEN → TOKEN), and token metadata for wallet display. Configuration changes lowered the pass threshold from 5% to 3%, set default TWAP to $100, switched to $5 TWAP increments (from 1%), and reduced minimum lot sizes to 0.1 META.
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## Market Data
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- **Outcome:** Passed
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- **Proposers:** HenryE, Proph3t
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- **Proposal Created:** 2024-03-28
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- **Resolution:** 2024-04-03
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- **Migration:** Moved DAO treasury from old program (metaX99LHn3A7Gr7VAcCfXhpfocvpMpqQ3eyp3PGUUq) to new program (metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp)
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## Significance
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This represents MetaDAO's first major protocol upgrade, addressing three operational pain points: proposal creation costs (rent reclamation), liquidity fragmentation across simultaneous proposals (token merging), and user experience (metadata). The shift from percentage-based to dollar-based TWAP increments demonstrates practical mechanism refinement for manipulation resistance. The migration required coordinating upgrades across three programs (autocrat_v0, openbook_twap, conditional_vault) plus a migrator program, all verified by OtterSec.
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## Technical Implementation
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- **Programs upgraded:** autocrat_v0, openbook_twap, conditional_vault
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- **New program:** migrator (for treasury transfer)
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- **Verification:** OtterSec API verification against GitHub repos
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- **Authority:** Treasury account set as upgrade authority on all programs
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## Relationship to KB
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- [[metadao]] - core protocol upgrade
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- [[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]] - mechanism evolution
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- [[futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject]] - practical refinement example
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