teleo-codex/decisions/internet-finance/metadao-swap-150k-into-isc.md

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	key_metrics	tags	tracked_by	created	last_updated
decision	decision_market	MetaDAO: Swap $150,000 into ISC	internet-finance	passed	metadao	metadao	@Richard_ISC	https://v1.metadao.fi/metadao/trade/ISCSwap15000011111111111111111111111111111	2024-10-30	2024-11-02	treasury	Swap $150K USDC (6.8% of treasury) into ISC inflation-resistant stablecoin via Jupiter DCA (10 orders, 1hr intervals, min $1.70 max $1.90). ISC team commits to use MetaDAO futarchy for governance.	proposal_account autocrat_version swap_amount treasury_percentage ISCSwap15000011111111111111111111111111111 0.3 $150,000 USDC 6.8%	metadao treasury isc stablecoin diversification passed	rio	2026-03-11	2026-03-24

MetaDAO: Swap $150,000 into ISC

Summary & Connections

Swap 6.8% of treasury ($150K USDC) into ISC — inflation-resistant stable currency. Collateralized by basket: 20% cash, 20% commodities, 20% treasuries, 20% bonds, 20% equities. Jupiter DCA: 10 orders, 1hr intervals, $1.70-$1.90 price range. ISC team commits to use MetaDAO futarchy for governance.

Outcome: Passed (~2024-11-02).

Connections:

• First MetaDAO treasury diversification beyond USDC — the market approved non-USD denominated reserves
• The "dollar has lost 17.8% of its value since 2020" framing is a macro thesis embedded in a treasury proposal
• ISC's commitment to use MetaDAO futarchy for governance is a customer acquisition deal disguised as a treasury swap — evidence of the metadao-develop-faas business model working (DAOs adopt futarchy through partnership)
• ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests — diversification is active management
• isc-stablecoin — the asset acquired

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Full Proposal Text

Type

Operations Direct Action

Author(s)

@Richard_ISC

Overview

MetaDAO has approximately $2.2M in USDC in its treasury.

This poses a risk to the DAO given that the US Dollar has been losing value at an increasing rate. The dollar has lost 17.8% of its value since 2020. Due to the debt situation, we don't expect this to be resolved soon, if ever.

$ISC was built specifically to solve this issue. ISC is an inflation-resistant stable currency built on Solana. It was launched at the Solana Hacker House in HCMC on 2023-03-17 at a price of $1.545. It is now trading at $1.81.

Not pegged to USD, ISC is collateralized by a basket of financial assets. This basket consists of 20% cash, 20% commodities, 20% treasuries, 20% bonds, and 20% equities.

If the proposal passes, MetaDAO will swap 150,000 USDC of its treasury (~6.8%) for ISC.

Details:

MetaDAO would execute a DCA order on jup.ag using the following parameters:

• Amount: 150,000 USDC
• To buy: ISC
• Every: 1 hours
• Over: 10 orders
• Min price: 1.7
• Max Price: 1.9

The ISC team would encourage other DAOs to use MetaDAO Futarchy for similar treasury swap proposals. This could easily turn into a win-win-win.

Once the ISC DAO is set up, ISC would commit to use MetaDAO for part of its governance. Example proposals:

• Remove Freeze authority
• Changes in the basket

Potential advantages:

• MetaDAO maintains its treasury value over time
• Promotes other new Solana-native projects
• Showcase a simple Futarchy proposal for other DAOs to follow

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Raw Data

• Proposal account: (from source)
• DAO account: CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9
• Proposer: (@Richard_ISC)
• Autocrat version: 0.3
• Completed: ~2024-11-02

Relationship to KB

• metadao — parent entity, treasury diversification
• isc-stablecoin — asset acquired
• ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests — active treasury management