- Source: inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tracked_by | created | ||||||||||
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| entity | decision_market | MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW | 2024-03-26 | 2024-03-31 | strategy | Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor payments to accelerate MetaDAO execution. |
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rio | 2026-03-11 |
MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months
Summary
This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) to bypass the slow proposal process and accelerate MetaDAO's execution. The appointment covered retroactive compensation for December-March and forward compensation for April-June, totaling 1,015 META and 100,000 USDC. The proposers argued that failure would decrease MetaDAO's success probability by over 20%.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Created: 2024-03-26
- Completed: 2024-03-31
- Proposal Number: 14
Scope of Authority
The BDF3M role granted authority over:
- Retroactive compensation for all contributions prior to the proposal
- Business operations including proposal process management, project management, expenses
- Current contributor compensation including incentive-based components
- Security and efficacy improvements to the core futarchy mechanism
- Exceptional use grants for MetaDAO's code licenses
- Monthly community updates
Compensation Structure
- Total META: 1,015 (average 145/month)
- Total USDC: $100,000 (average $14,000/month)
- Period: 7 months total (4 retroactive + 3 forward)
- Vesting: META likely issued in 5-year locked form
- Source: Various multisigs, not directly from DAO treasury
Significance
This proposal represents a critical governance transition where MetaDAO acknowledged that its futarchy mechanism was too slow for operational decisions at its stage. The appointment of benevolent dictators created a hybrid model where strategic decisions remained futarchy-governed while operational execution moved to trusted individuals. The 20% success impact claim suggests the proposers viewed this as an existential decision point.
Relationship to KB
- metadao - governance structure evolution
- proph3t - appointed leader
- nallok - appointed leader
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements - this proposal directly addresses the "too slow and costly" friction