teleo-codex/decisions/internet-finance/metadao-otc-trade-ben-hawkins.md
m3taversal 1d8f936726 rio: MetaDAO full text backfill — 28 decision records
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>
2026-03-24 17:18:35 +00:00

1.7 KiB

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created
decision decision_market MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins internet-finance failed metadao futardio Ben Hawkins https://v1.metadao.fi/metadao/trade/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK 2024-02-13 2024-02-18 treasury Proposal to mint 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META rio 2026-03-11

MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins

Summary

Ben Hawkins proposed to mint 1,500 META tokens to his wallet address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal was rejected by the futarchy markets.

Market Data

  • Outcome: Failed
  • Proposer: Ben Hawkins
  • Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
  • Proposal Number: 6
  • Created: 2024-02-13
  • Completed: 2024-02-18
  • Ended: 2024-02-18

Significance

This represents an early OTC trade proposal on MetaDAO's futarchy platform, testing the market's willingness to accept direct token minting for treasury capital. The rejection suggests the market viewed the valuation as unfavorable or the dilution as undesirable at that time.

Relationship to KB

  • metadao - treasury governance decision
  • futardio - platform where proposal was executed

Full Proposal Text

Source: futard.io, tabled 2024-02-13

Ben Hawkins is requesting to mint 1500 META to GxHamnPVxsBaWdbUSjR4C5izhMv2snriGyYtjCkAVzze

in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKecSKo7ndgDSuWGvER4Loy the treasury to MetaDAO

33.33 usdc per Meta