m3taversal
fdebd95137
New decision records with full proposal text for projects that previously had zero governance documentation in the KB. Omnipair (4): OMFG-001 through OMFG-004 Ranger (3): ICO launch + $2M buyback + contested liquidation Solomon (3): ICO launch ($102.9M committed) + DP-00001 + DP-00002 Loyal (3): ICO launch ($75.9M committed) + buyback + liquidity adjustment ZKLSOL (4): ICO launch + team burn + buyback + restructuring Umbra (3): ICO launch + security audits + mainnet expansion Futardio cult (3): ICO launch + omnibus (90% token burn) + liquidity pool Kyros (1): Burn 4.42M unclaimed airdrop Jito DAO (1): JTO Vault / TipRouter NCN (JIP-10) Marinade (1): SAM Bid Routing to MNDE Stakers (MIP.5) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
104 lines
4.6 KiB
Markdown
104 lines
4.6 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Ranger: RNGR $2M Buyback"
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domain: internet-finance
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status: passed
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parent_entity: "[[ranger-finance]]"
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platform: "futardio"
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proposer: "Community Members"
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proposal_url: "https://www.metadao.fi/projects/ranger/proposal/6cdhy4j6CAAJjE1z2iQDsFda2BrqJkhtHrRWT9QasSoa"
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proposal_date: 2026-01-12
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resolution_date: 2026-01-15
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category: "treasury"
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summary: "Allocate $2M USDC for RNGR buyback at max $0.78/token (NAV) to protect treasury against liquidation arbitrage"
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tracked_by: rio
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created: 2026-03-24
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---
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# Ranger: RNGR $2M Buyback
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## Summary
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Community-initiated proposal to deploy $2M USDC from treasury to purchase RNGR tokens at maximum $0.78/token (current NAV). Executed via Jupiter recurring orders every 5 minutes over 30+ days (~8,640 orders). Motivated by RNGR trading at larger discount to NAV than other MetaDAO launches, exposing treasury to liquidation arbitrage. Includes 90-day cooldown on new buyback/redemption proposals.
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## Market Data
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- **Outcome:** Passed
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- **Proposal Account:** 6cdhy4j6CAAJjE1z2iQDsFda2BrqJkhtHrRWT9QasSoa
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- **Duration:** 2026-01-12 to ~2026-01-15
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- **Buyback Budget:** $2M USDC
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- **Max Price:** $0.78/token (NAV)
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- **Estimated Purchase:** ~2.5M RNGR
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## Significance
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Demonstrates the ownership coin NAV defense mechanism in practice. When token price falls below NAV, the treasury becomes an arbitrage target — rational actors can buy tokens cheap and vote for liquidation to extract treasury value. The buyback attempts to close the NAV gap and prevent adversarial liquidation. The 90-day cooldown prevents repeated buyback/liquidation cycling.
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## Relationship to KB
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- [[ranger-finance]] — parent entity, treasury defense
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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]] — buyback mechanism
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- [[decision markets make majority theft unprofitable through conditional token arbitrage]] — NAV defense
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## Full Proposal Text
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*Source: metadao.fi, tabled 2026-01-12. Authors: Community Members.*
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**Type**
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Operations Direct Action
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**Author(s)**
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Community Members
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**Summary**
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If passed, $2M USDC of treasury funds will be used to purchase RNGR tokens with a maximum price set to $0.78 per token (current NAV).
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**Motivation**
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As RNGR is trading at a much larger discount to NAV than other curated MetaDao launches, our treasury is exposed to a greater risk of being exploited by arbitrage from adversarial capital. We want to protect the treasury against liquidation and ensure the Ranger team can build out their vision.
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This allocation of capital would allow us:
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- Improve overall sentiment regarding Ranger
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- Protect our holders and team alike by addressing the risk of a treasury liquidation
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Ranger raised 2 million more than the initial cap, and allocating this capital should not slow down the development. In the case that allocated funds remain unspent. The team can pull them back with an additional proposal.
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**Logistics**
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$2M of treasury funds will be used to purchase `RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta` (RNGR) tokens with a maximum price set at $0.78 per token. These orders will be placed every five minutes. The buyback will go on for an indefinite period until the allocated funds are exhausted (estimated 30+ Days).
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The price per token reflects the current net asset value per token.
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**Specifications**
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- Amount: $2M
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- Order Type: Recurring
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- Order Quantity: 8640
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- Order Frequency: 5 minutes
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- Maximum Order Price: 0.78
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- Estimated RNGR Purchased: 2.5M, assuming full use of the buyback facility at the maximum order price
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**Process**
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This proposal includes instructions to execute a Jupiter recurring order as stated above.
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[Squads Transaction](https://app.squads.so/squads/55H1Q1YrHJQ93uhG4jqrBBHx3a8H7TCM8kvf2UM2g5q3/transactions/6JEUbBQqXLsi1dynDGnw2gs9j1ZfFZ58UdNTK74yVs9k)
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[Simulation](https://explorer.solana.com/tx/inspector?squadsTx=6JEUbBQqXLsi1dynDGnw2gs9j1ZfFZ58UdNTK74yVs9k)
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**NOTE:**
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Any funds remaining in the order (should it fail to complete its total number of orders in quantity) will remain in the DCA account until there is another proposal to cancel the order.
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All RNGR tokens will be transferred to the DAO treasury
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**Redemption/Buyback cooldown period**
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No new buyback or redemption proposals shall be submitted or executed for 90 days following the passing of this proposal
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### Raw Data
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- Proposal account: `6cdhy4j6CAAJjE1z2iQDsFda2BrqJkhtHrRWT9QasSoa`
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- Proposal number: 2
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- DAO account: `1PAwyDkWNFCcR96GhEReXHJBv3YEFVazCaQgNicVuKv`
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- Proposer: `ELT1uRmtFvYP6WSrc4mCZaW7VVbcdkcKAj39aHSVCmwH`
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- Autocrat version: 0.6
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