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>
98 lines
3.9 KiB
Markdown
98 lines
3.9 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: Swap $150,000 into ISC"
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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: "@Richard_ISC"
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proposal_url: "https://v1.metadao.fi/metadao/trade/ISCSwap15000011111111111111111111111111111"
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proposal_date: 2024-10-30
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resolution_date: 2024-11-02
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category: treasury
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summary: "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."
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key_metrics:
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proposal_account: "ISCSwap15000011111111111111111111111111111"
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autocrat_version: "0.3"
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swap_amount: "$150,000 USDC"
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treasury_percentage: "6.8%"
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tags: [metadao, treasury, isc, stablecoin, diversification, 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: Swap $150,000 into ISC
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## Summary & Connections
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**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.
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**Outcome:** Passed (~2024-11-02).
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**Connections:**
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- First MetaDAO treasury diversification beyond USDC — the market approved non-USD denominated reserves
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- The "dollar has lost 17.8% of its value since 2020" framing is a macro thesis embedded in a treasury proposal
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- 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)
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- [[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
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- [[isc-stablecoin]] — the asset acquired
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---
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## Full Proposal Text
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### Type
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Operations Direct Action
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### Author(s)
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@Richard_ISC
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### Overview
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MetaDAO has approximately $2.2M in USDC in its treasury.
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This poses a risk to the DAO given that the US Dollar has been losing value at an increasing rate. The dollar has lost 17.8% of its value since 2020. Due to the debt situation, we don't expect this to be resolved soon, if ever.
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$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.
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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.
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If the proposal passes, MetaDAO will swap 150,000 USDC of its treasury (~6.8%) for ISC.
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Details:
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MetaDAO would execute a DCA order on jup.ag using the following parameters:
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- Amount: 150,000 USDC
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- To buy: ISC
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- Every: 1 hours
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- Over: 10 orders
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- Min price: 1.7
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- Max Price: 1.9
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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.
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Once the ISC DAO is set up, ISC would commit to use MetaDAO for part of its governance. Example proposals:
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- Remove Freeze authority
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- Changes in the basket
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Potential advantages:
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- MetaDAO maintains its treasury value over time
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- Promotes other new Solana-native projects
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- Showcase a simple Futarchy proposal for other DAOs to follow
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---
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## Raw Data
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- Proposal account: (from source)
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- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
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- Proposer: (@Richard_ISC)
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- Autocrat version: 0.3
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- Completed: ~2024-11-02
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## Relationship to KB
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- [[metadao]] — parent entity, treasury diversification
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- [[isc-stablecoin]] — asset acquired
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- [[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
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