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- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
3.4 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 | COAL: Meta-PoW: The ORE Treasury Protocol | internet-finance | passed | coal | futardio | coal core team | https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg | 2025-11-07 | 2025-11-10 | mechanism | Restructures COAL mining economics to accumulate ORE in treasury through deterministic INGOT smelting fees and evergreen tool mechanics | rio | 2026-03-11 |
COAL: Meta-PoW: The ORE Treasury Protocol
Summary
Meta-PoW fundamentally restructures COAL's token economics by moving mining power from direct token emissions into craftable pickaxes, introducing INGOT as a crafting material that requires burning COAL plus paying ORE fees, and implementing evergreen tool mechanics with decay and repair. The model creates a deterministic loop where mining activity drives ORE accumulation in the COAL treasury through mandatory smelting fees, with dynamic license costs that automatically throttle new capacity based on COAL/ORE price ratios.
Market Data
- Outcome: Passed
- Proposer: COAL core team
- Proposal Account: G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Completed: 2025-11-10
Key Mechanisms
- INGOT Smelting: To craft 1 INGOT, users burn 100 COAL and pay ~12.10 ORE to treasury. All ORE enters system only through smelting.
- Evergreen Tools: Pickaxes decay 4% daily if not repaired but can be restored by paying accumulated repair costs (~0.082643 INGOT + 0.3 WOOD per day). Repair is cheaper than recrafting (1 INGOT + 8 WOOD + dynamic license fee).
- Dynamic License: Pickaxe crafting requires burning c(y) COAL where c(y) = 200 * (y/50)^3, clamped 1-300, with y = P_ORE/P_COAL. License cost rises exponentially when COAL weakens, throttling new capacity.
- Treasury Calibration: System targets ~1 ORE/day flowing to treasury per fully maintained pickaxe.
Significance
This proposal demonstrates futarchy governance applied to complex operational protocol economics, not just binary launch decisions. The multi-token system (COAL, ORE, INGOT, WOOD) with interdependent mechanics and governance-adjustable parameters shows futarchy handling ongoing protocol management. The deterministic treasury accrual mechanism through mandatory smelting fees creates a novel "ownership coin" model where mining activity directly funds the treasury through unavoidable ORE payments.
The evergreen tool design with decay and repair prevents boom-bust crafting cycles common in mining tokens, while the exponential license fee scaling creates automatic supply throttling without governance intervention. The proposal explicitly allows core team parameter adjustments before launch based on community feedback, suggesting a hybrid governance model where futarchy approves architecture but implementation details remain flexible.
Relationship to KB
- coal - protocol governance decision
- futardio - governance platform
- ore - treasury asset
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale - demonstrates operational governance use case
- futarchy-governed-meme-coins-attract-speculative-capital-at-scale - extends to protocol economics management