m3taversal
1d8f936726
Adds complete proposal text to all 28 MetaDAO governance records that previously had only hand-built summaries. This was the original batch from PR #1748 that was closed without merge due to rebase conflict. Records updated: - Proposals 1-15: LST vote market, Autocrat migrations (v01/v02), Saber vote market, spot market creation, AMM program, multi-option proposals, OTC trades (Ben Hawkins, Pantera, Colosseum), Dutch auction, burn 99.3% META, FaaS development, benevolent dictators, compensation - Proposals 16-36: Fundraise 2, Q3 roadmap, create Futardio, services agreement, hire Advaith, swap ISC, hire Robin Hanson, token split, release launchpad, OTC Theia, migrate META token, fund futarchy research Source: inbox/archive/internet-finance/ proposal archives from futard.io Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
110 lines
No EOL
5.5 KiB
Markdown
110 lines
No EOL
5.5 KiB
Markdown
---
|
|
type: decision
|
|
entity_type: decision_market
|
|
name: "MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months"
|
|
domain: internet-finance
|
|
status: passed
|
|
parent_entity: "[[metadao]]"
|
|
platform: "futardio"
|
|
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
|
|
proposal_url: "https://v1.metadao.fi/metadao/trade/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
|
|
proposal_date: 2024-03-26
|
|
resolution_date: 2024-03-31
|
|
category: "strategy"
|
|
summary: "Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor compensation for three months to accelerate decision-making."
|
|
key_metrics:
|
|
compensation_requested_meta: 1015
|
|
compensation_requested_usdc: 100000
|
|
retroactive_months: 4
|
|
forward_months: 3
|
|
estimated_success_impact: "-20% if failed"
|
|
tracked_by: rio
|
|
created: 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 address MetaDAO's slow execution speed caused by a costly and time-consuming proposal process. The appointment covered retroactive compensation for December-March and forward compensation for April-June, totaling 1015 META and 100,000 USDC.
|
|
|
|
## Market Data
|
|
- **Outcome:** Passed
|
|
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
|
|
- **Resolution:** 2024-03-31
|
|
- **Proposal Number:** 14
|
|
|
|
## Scope of Authority
|
|
The BDF3M role granted Proph3t and Nallok authority over:
|
|
- Retroactive compensation for all contributions prior to the proposal
|
|
- Business operations including off-chain proposal process management, project management, expenses, and security improvements
|
|
- Current contributor compensation including incentive-based components
|
|
- Exceptional use grants for MetaDAO's code licenses
|
|
- Monthly community updates
|
|
|
|
## Compensation Structure
|
|
- **Total:** 1015 META + 100,000 USDC
|
|
- **Period:** 7 months (4 retroactive + 3 forward)
|
|
- **Average:** 145 META + $14,000 per month
|
|
- **Distribution:** From multisigs rather than DAO treasury directly
|
|
- **Vesting:** META likely issued in 5-year locked form
|
|
|
|
## OKRs
|
|
- Execute faster: Complete 10 GitHub issues per week
|
|
- Handle retroactive compensation within 1 week of passage
|
|
- Oversee new landing page creation
|
|
- Perform operations compensation for April-June
|
|
|
|
## Significance
|
|
This proposal represented a critical governance transition where MetaDAO temporarily centralized decision-making authority to overcome execution bottlenecks. The proposers estimated that failure would decrease MetaDAO's success probability by over 20%, framing this as an existential decision point. The three-month term was designed as a bridge until futarchy could function autonomously or another governance structure could be established.
|
|
|
|
## Relationship to KB
|
|
- [[metadao]] - governance decision establishing temporary centralized leadership
|
|
- [[proph3t]] - appointed as BDF3M
|
|
- [[nallok]] - appointed as BDF3M
|
|
- [[futardio]] - platform where proposal was executed
|
|
|
|
## Full Proposal Text
|
|
|
|
*Source: futard.io, tabled 2024-03-26*
|
|
|
|
#### Entrepreneur(s)
|
|
|
|
Proph3t, Nallok
|
|
|
|
## Overview
|
|
|
|
Today, MetaDAO is not executing as fast as a normal startup would. At the crux of this is that *the current proposal process is too slow and costly*. We can and will fix that, but in the short-term we need some of MetaDAO's key decisions to be made outside of the proposal process.
|
|
|
|
This proposal would appoint Proph3t and Nallok to be Benevolent Dictators For 3 Months (BDF3M). Their term would be from the finalization of this proposal to June 30th. At that point, either the futarchy will be able to function autonomously or another proposal will need to be raised.
|
|
|
|
We are requesting 1015 META and 100,000 USDC to handle 4 months of retroactive compensation (December - March) and 3 months of forward-looking compensation (April - June). So an average of 145 META and $14,000 per month.
|
|
|
|
Given that this is a critical juncture in MetaDAO's timeline, we believe that this proposal failing would decrease the probability of MetaDAO's success by more than 20%.
|
|
|
|
## OKRs
|
|
|
|
#### Execute faster
|
|
- Complete 10 issues on GitHub per week
|
|
|
|
#### Handle business operations
|
|
- Perform retroactive compensation for the months of December, January, February, and March within 1 week of the proposal passing
|
|
- Perform operations compensation for April, May, and June
|
|
- Oversee the creation of a new kickass landing page
|
|
|
|
## Project
|
|
|
|
If passed, this proposal would appoint Proph3t and Nallok as interim leaders. The following would fall under their domain:
|
|
- Retroactive compensation for all contributions to MetaDAO prior to this proposal
|
|
- Managing ongoing business operations, including:
|
|
- Steering the off-chain proposal process, including providing proposal and communication guidelines for proposers and compensating proposers when appropriate
|
|
- Steering MetaDAO-wide project management
|
|
- Handling any expenses or required activities required to operate effectively
|
|
- Improving the security and efficacy of the core futarchy mechanism
|
|
- Providing monthly updates to the MetaDAO community
|
|
- Compensation for current contributors, including the incentive-based part
|
|
|
|
The proposal would also allow Nallok or Proph3t to make exceptional use grants for MetaDAO's code licenses.
|
|
|
|
For technical reasons, no META nor USDC would come directly from the DAO's treasury. It would instead come from various multisigs.
|
|
|
|
Although we make no hard commitments, the META would likely be issued in 5-year locked form, as described [here](https://medium.com/@metaproph3t/-6d9ca555363e). |