m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
109 lines
4.4 KiB
Markdown
109 lines
4.4 KiB
Markdown
---
|
|
type: source
|
|
title: "Futardio: Drift Futarchy Proposal - Welcome the Futarchs"
|
|
author: "futard.io"
|
|
url: "https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS"
|
|
date: 2024-05-30
|
|
domain: internet-finance
|
|
format: data
|
|
status: unprocessed
|
|
tags: [futardio, metadao, futarchy, solana, governance]
|
|
event_type: proposal
|
|
---
|
|
|
|
## Proposal Details
|
|
- Project: Drift
|
|
- Proposal: Drift Futarchy Proposal - Welcome the Futarchs
|
|
- Status: Passed
|
|
- Created: 2024-05-30
|
|
- URL: https://www.futard.io/proposal/9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS
|
|
- Description: This proposal is meant to signal rewards for strong forecasters in futarchic markets.
|
|
|
|
## Summary
|
|
|
|
### 🎯 Key Points
|
|
This proposal requests **50,000 DRIFT** to incentivize participation in Drift Futarchy by rewarding early participants and encouraging the formulation of future proposals.
|
|
|
|
### 📊 Impact Analysis
|
|
#### 👥 Stakeholder Impact
|
|
MetaDAO participants will receive retroactive rewards based on their engagement, promoting active involvement in the community.
|
|
|
|
#### 📈 Upside Potential
|
|
The initiative could enhance proposal quality and community engagement within Drift Futarchy, fostering a more dynamic ecosystem.
|
|
|
|
#### 📉 Risk Factors
|
|
There is a risk of misallocation of funds or insufficient participation in future proposals, potentially undermining the intended incentives and program effectiveness.
|
|
|
|
## Content
|
|
|
|
## Overview
|
|
|
|
This proposal requests **50,000 DRIFT** to carry out an early Drift Futarchy incentive program (max of 10 proposals / 3 months).
|
|
|
|
This proposal is meant to signal rewards for strong forecasters in futarchic markets by:
|
|
- Rewarding early and active participants of MetaDAO with tokens to participate in Drift Futarchy (via the ["endowment effect"](https://en.wikipedia.org/wiki/Endowment_effect))
|
|
- Incentivizing future well-formulated proposals and activity for Drift Futarchy
|
|
|
|
This proposal's outline is fulfilled over months by the executor group, acting as a 2/3 multisig, defined below.
|
|
|
|
|
|
## Implementation
|
|
|
|
### Retroactive Reward:
|
|
|
|
Using the following dune dashboard data as reference: https://dune.com/metadaohogs/themetadao (with May 19th, 2024 UTC as a cutoff date)
|
|
- [METADAO activity](https://gist.github.com/0xbigz/3ddbe2a21e721326d151ac957f96da20)
|
|
- [META token holdings](https://gist.github.com/0xbigz/f461ed8accc6f86181d3e9a2c164f810)
|
|
|
|
Among those who interacted with metadao's conditional vaults on at least 5 occassions over more period of 30 days, will recieve a retroactive reward as follows:
|
|
|
|
- < 1 META, 100 DRIFT
|
|
- \>= 1 META, 200 DRIFT
|
|
- \>= 10 META, 400 DRIFT
|
|
|
|
This [code](https://gist.github.com/0xbigz/a67d75f138c1c656353ab034936108fe) produces the following list of 32 MetaDAO participants who are qualified:
|
|
https://gist.github.com/0xbigz/056d3f7780532ffa5662410bc49f7215
|
|
|
|
**(9,600 DRIFT)**
|
|
|
|
Additionally, all MetaDAO AMM swapers interacters https://dune.com/queries/3782545 who aren't included above should split remaining.
|
|
|
|
crude snapshot: https://gist.github.com/0xbigz/adb2020af9ef0420b9026514bcb82eab
|
|
|
|
**(2,400 DRIFT)**
|
|
|
|
---
|
|
|
|
### Future Incentive:
|
|
*The following applies to the lengthlier of next 10 proposals or 3 month time frame*
|
|
|
|
Additionally, excluding this instance, passing proposal that are honored by security council can earn up to 5000 DRIFT for the proposer(s), each claimable after 3 months after.
|
|
(*if successful proposals exceed two, executor group can decide top N proposals to split*)
|
|
**(10,000 DRIFT)**
|
|
|
|
|
|
For accounts sufficiently active during the period, a pool of 20,000 DRIFT will be split and claimable after 3 months. To filter for non organic activity, the exact criteria for this shall be finalized by the execution group.
|
|
**(25,000 DRIFT)**
|
|
|
|
---
|
|
|
|
### Execution Group:
|
|
|
|
A 2/3 multisig to escrow and distribute funds based on outline. After successful completion of this proposal, they can distribute their allocation as they see fit.
|
|
|
|
In the event of uncertainty or excess budget, funds shall be returned to originating wallet or Drift Futarchy DAO treasury.
|
|
**(3,000 DRIFT)**
|
|
|
|
- [metaprophet](https://x.com/metaproph3t)
|
|
- [Sumatt](https://x.com/quantrarianism)
|
|
- [Lmvdzande](https://x.com/Lmvdzande)
|
|
|
|
## Raw Data
|
|
|
|
- Proposal account: `9jAnAupCdPQCFvuAMr5ZkmxDdEKqsneurgvUnx7Az9zS`
|
|
- Proposal number: 1
|
|
- DAO account: `5vVCYQHPd8o3pGejYWzKZtnUSdLjXzDZcjZQxiFumXXx`
|
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
|
- Autocrat version: 0.3
|
|
- Completed: 2024-06-02
|
|
- Ended: 2024-06-02
|