teleo-codex/inbox/archive/2024-08-28-futardio-proposal-drift-proposal-for-bet.md

---
type: source
title: "Futardio: Drift Proposal for B.E.T"
author: "futard.io"
url: "https://www.futard.io/proposal/8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ"
date: 2024-08-28
domain: internet-finance
format: data
status: null-result
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2024-12-10
enrichments_applied: ["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.md", "MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "This source provides concrete evidence of futarchy proposal mechanics and failure modes. No novel claims warranted—the insights strengthen existing claims about MetaDAO's implementation. The proposal structure (bounty-based marketing spend) and its rejection provide empirical data on what futarchy markets filter. The integration with SuperteamEarn shows how futarchy governance can delegate execution while maintaining market-based approval."
---

## Proposal Details
- Project: Unknown
- Proposal: Drift Proposal for B.E.T
- Status: Failed
- Created: 2024-08-28
- URL: https://www.futard.io/proposal/8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ
- Description: [Drift](https://docs.drift.trade/) is the largest open-sourced perpetual futures exchange built on Solana. Recently, Drift announced B.E.T, Solana’s first capital efficient prediction market. 





To celebrate the launch of B.E.T. this proposal would fund a collection of bounties called “Drift Protocol Creator Competition”. 





\- The Drift Foundation Grants Program would fund a total prize pool of $8,250.

\- The outcome of the competition will serve in educating the community on and accelerating growth of B.E.T. through community engagement and creative content generation.





If the proposal passes the competition would be run through [SuperteamEarn](https://earn.superteam.fun/) and funded in DRIFT token distributed by the Drift Foundation Grants Program.





This proposed competition offers three distinct bounty tracks as well as a grand prize, each with its own rewards:





\* Grant prize ($3,000)  

\* Make an engaging video on B.E.T ($1,750)  

\* Twitter thread on B.E.T ($1,750)  

\* Share Trade Ideas on B.E.T ($1,750)





Each individual contest will have a prize structure of: 





\- 1st place: $1000  

\- 2nd place: $500  

\- 3rd place: $250





Link to campaign details and evaluation criteria: [Link](https://docs.google.com/document/d/1QB0hPT0R\\_NvVqYh9UcNwRnf9ZE\\_ElWpDOjBLc8XgBAc/edit?usp=sharing)
- Categories: {'category': 'Dao'}

## Summary

### 🎯 Key Points  
The proposal aims to fund a "Drift Protocol Creator Competition" with a total prize pool of $8,250 to promote community engagement and content generation for the B.E.T prediction market.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
The proposal encourages community involvement and education around B.E.T, benefiting both participants and the broader Drift ecosystem.

#### 📈 Upside Potential  
Successful execution of the competition could enhance awareness and adoption of B.E.T, driving user engagement and growth.

#### 📉 Risk Factors  
There is a risk that the competition may not attract sufficient participation or content quality, potentially limiting its effectiveness in promoting B.E.T.

## Content

[Drift](https://docs.drift.trade/) is the largest open-sourced perpetual futures exchange built on Solana. Recently, Drift announced B.E.T, Solana’s first capital efficient prediction market. 





To celebrate the launch of B.E.T. this proposal would fund a collection of bounties called “Drift Protocol Creator Competition”. 





\- The Drift Foundation Grants Program would fund a total prize pool of $8,250.

\- The outcome of the competition will serve in educating the community on and accelerating growth of B.E.T. through community engagement and creative content generation.





If the proposal passes the competition would be run through [SuperteamEarn](https://earn.superteam.fun/) and funded in DRIFT token distributed by the Drift Foundation Grants Program.





This proposed competition offers three distinct bounty tracks as well as a grand prize, each with its own rewards:





\* Grant prize ($3,000)  

\* Make an engaging video on B.E.T ($1,750)  

\* Twitter thread on B.E.T ($1,750)  

\* Share Trade Ideas on B.E.T ($1,750)





Each individual contest will have a prize structure of: 





\- 1st place: $1000  

\- 2nd place: $500  

\- 3rd place: $250





Link to campaign details and evaluation criteria: [Link](https://docs.google.com/document/d/1QB0hPT0R\\_NvVqYh9UcNwRnf9ZE\\_ElWpDOjBLc8XgBAc/edit?usp=sharing)

## Raw Data

- Proposal account: `8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ`
- Proposal number: 6
- DAO account: `GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce`
- Proposer: `HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc`
- Autocrat version: 0.3
- Completed: 2024-09-01
- Ended: 2024-09-01


## Key Facts
- Drift is the largest open-sourced perpetual futures exchange on Solana (2024-08-28)
- B.E.T is Solana's first capital efficient prediction market (2024)
- Proposal 8cnQAxS3WQXhD2eAjKSJ6wmBwaJskRZFYByMPKEhD1oQ failed on 2024-09-01
- Proposal offered $8,250 total prize pool across 4 tracks
- DAO account: GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce
- Autocrat version: 0.3