m3taversal
1fec6a82fb
- 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>
100 lines
5.2 KiB
Markdown
100 lines
5.2 KiB
Markdown
---
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type: decision
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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: metadao
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proposer: "HenryE, Proph3t"
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proposal_url: "https://v1.metadao.fi/metadao/trade/8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP"
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proposal_date: 2024-03-28
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resolution_date: 2024-04-01
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category: mechanism
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summary: "Proposal 16 — Major Autocrat upgrade. Three new features: reclaimable rent (~4 SOL back per proposal), conditional token merging, conditional token metadata. Config: pass threshold 5%→3%, TWAP increments $5 instead of 1%, lot size 1→0.1 META. OtterSec verified."
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key_metrics:
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proposal_number: 16
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proposal_account: "8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP"
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autocrat_version: "0.1"
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tags: [metadao, autocrat, migration, v0.2, mechanism-upgrade, passed]
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-03-24
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---
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# MetaDAO: Migrate Autocrat Program to v0.2?
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## Summary & Connections
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**Proposal 16 — major Autocrat v0.2 upgrade.** Three new features: (1) reclaimable rent — get back ~4 SOL per proposal market creation, (2) conditional token merging — 1 pTOKEN + 1 fTOKEN = 1 TOKEN, improving liquidity with multiple active proposals, (3) conditional token metadata — tokens show names/logos in wallets instead of random mints. Config changes: pass threshold 5%→3%, TWAP default $100, $5 increments for manipulation resistance, lot size 1→0.1 META. All programs verified by OtterSec.
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**Outcome:** Passed (~2024-04-01).
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**Connections:**
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- The v0.1 → v0.2 migration addresses the specific problems identified in [[metadao-develop-amm-program-for-futarchy]] — particularly the state rent costs (reclaimable rent) and manipulation resistance (TWAP $5 increments)
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- Conditional token merging solves a capital efficiency problem: before this, having multiple active proposals fragmented liquidity because tokens were locked in each proposal's conditional vault
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- Pass threshold lowered from 5% to 3% — makes it easier for proposals to pass, reflecting confidence in the mechanism's maturity
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- This is the version that ran through the entire Q3 2024 - early 2025 period, including all the OTC trades, FaaS launch, and early ICOs
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- Unlike v0.1 migration ([[metadao-migrate-autocrat-v01]]), this one was verified by OtterSec — counterparty risk concern resolved
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---
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## Full Proposal Text
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### Author(s)
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HenryE, Proph3t
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### Overview
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It's time to upgrade futarchy!
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This upgrade includes three new features and a number of smaller config changes.
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### The features:
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- **Reclaimable rent:** you will now be able to get back the ~4 SOL used to create OpenBook proposal markets. This should lower the friction involved in creating proposals.
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- **Conditional token merging:** now, if you have 1 pTOKEN and 1 fTOKEN, you'll be able to merge them back into 1 TOKEN. This should help with liquidity when there are multiple proposals active at once.
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- **Conditional token metadata:** before, you would see conditional tokens in your wallet as random mint addresses. After this is merged, you should be able to see token names and logos, helping you identify what proposal they're a part of.
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### The config changes:
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- Lower pass threshold from 5% to 3%
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- Set default TWAP value to $100 instead of $1
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- Update TWAP in $5 increments instead of 1% increments, which enhances manipulation resistance while allowing the TWAP to be more accurate
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- Change minimum META lot sizes from 1 META to 0.1 META
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The instruction attached to this proposal will migrate MetaDAO's assets over to the new autocrat program.
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### Programs:
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1. autocrat_v0 — metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp
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2. openbook_twap — twAP5sArq2vDS1mZCT7f4qRLwzTfHvf5Ay5R5Q5df1m
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3. conditional_vault — vAuLTQjV5AZx5f3UgE75wcnkxnQowWxThn1hGjfCVwP
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4. migrator — MigRDW6uxyNMDBD8fX2njCRyJC4YZk2Rx9pDUZiAESt
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Each program verified by OtterSec API against the repos.
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### Verification details:
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- Old DAO: Autocrat metaX99, DAO 7J5y, Treasury ADCCEAbH8
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- New DAO: Autocrat metaRK9, DAO 14YsfUtP6, Treasury BC1jThSN7
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### Detailed Changelog:
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**Autocrat:** Config changes (PR #69) — pass threshold 3%, TWAP $5 increments, default $100, lot size 0.1 META, 10-day market expiry minimum
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**Conditional Vault:** Token metadata (PR #52), token merging (PR #66)
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**Openbook-TWAP:** Dollar-based increments (commits d08fb13, a1cb709, fe159d2, PR #16), remove market expiry check (PR #20), pruning/closing/settling (PRs #18, #21)
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**Migrator:** Transfer four token accounts to new DAO (PR #68)
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---
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## Raw Data
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- Proposal account: `8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP`
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- Proposal number: 16
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- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
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- Proposer: (HenryE, Proph3t)
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- Autocrat version: 0.1 (migrating to 0.2)
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- Completed: ~2024-04-01
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## Relationship to KB
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- [[metadao]] — parent entity, major mechanism upgrade
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- [[metadao-migrate-autocrat-v01]] — previous migration
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- [[metadao-develop-amm-program-for-futarchy]] — AMM upgrade followed this
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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]] — this version ran through Q3 2024 - early 2025
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