m3taversal 1fec6a82fb rio: decision records batch 2b — backfill remaining 16 MetaDAO proposals with full text

- What: Rewrote all remaining existing MetaDAO decision records with full
  verbatim proposal text, correct v1.metadao.fi URLs, Summary & Connections
- Records (16):
  Q3 Roadmap, Create Spot Market, Multi-Option Proposals, Execute Spot Market,
  Hire Advaith, Hire Robin Hanson, Dutch Auction Liquidity, Migrate v0.1,
  Migrate v0.2, Migrate META Token, Release Launchpad, Services Agreement,
  Swap $150K ISC, Token Split (failed), Saber Vote Market, Create Futardio (failed)
- This completes the backfill of ALL 27 existing MetaDAO governance decision
  records. Combined with batch 1 (5 new) and batch 2 (10 rewrites), all 32
  MetaDAO governance proposals now have full text with correct URLs.
- Only metadao-vc-discount-rejection remains without full source text (from
  Q1 2026 update, not Ben's API)

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>

2026-03-24 13:37:04 +00:00

3.6 KiB

Raw Blame History

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MetaDAO: Migrate Autocrat Program to v0.1?

Summary & Connections

Proposal 1 — first Autocrat upgrade. Configurable proposal slot duration (default 3 days for quicker feedback). Migrated 990,000 META + 10,025 USDC + 5.5 SOL to new program. Proph3t explicitly acknowledged counterparty risk: unable to use solana-verifiable-build, so participants must trust he didn't introduce a backdoor.

Outcome: Passed (2023-12-13).

Connections:

The "trust me" counterparty risk disclosure is remarkably honest for a treasury migration. ~$990K+ in assets moved on trust in the developer. This is the kind of early-stage trade-off that metadao-autocrat-migration-accepted-counterparty-risk-from-unverifiable-builds-prioritizing-iteration-speed-over-security-guarantees documents.
3-day default proposal duration became the standard — later formalized in v0.2 and v0.3. The 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 claim originates from this configuration.
"I didn't change that much of autocrat" — the incremental upgrade approach, as opposed to rewrites, became the pattern for all subsequent migrations.

Full Proposal Text

Overview

I've made some improvements to the autocrat program. Most importantly, I've made the slots per proposal configurable, and changed its default to 3 days to allow for quicker feedback loops.

This proposal migrates the 990,000 META, 10,025 USDC, and 5.5 SOL from the treasury owned by the first program to the treasury owned by the second program.

Key risks

Smart contract risk: There is a risk that the new program contains an important bug that the first one didn't. I consider this risk small given that I didn't change that much of autocrat.

Counter-party risk: Unfortunately, for reasons I can't get into, I was unable to build this new program with solana-verifiable-build. You'd be placing trust in me that I didn't introduce a backdoor, not on the GitHub repo, that allows me to steal the funds. For future versions, I should always be able to use verifiable builds.

Raw Data

Proposal account: AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
Proposal number: 1
DAO account: 3wDJ5g73ABaDsL1qofF5jJqEJU4RnRQrvzRLkSnFc5di
Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
Autocrat version: 0
Completed: 2023-12-13

Relationship to KB

metadao — parent entity, first protocol upgrade
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 — 3-day duration established here

3.6 KiB Raw Blame History