4a8f6a6eae
- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
60 lines
No EOL
2.6 KiB
Markdown
60 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Develop a Saber Vote Market?"
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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: "futardio"
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proposer: "Proph3t"
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proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
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proposal_date: 2023-12-16
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resolution_date: 2023-12-22
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category: "mechanism"
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summary: "Proposal to build a vote market for Saber veSBR holders funded by $150K from ecosystem partners"
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key_metrics:
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budget: "$62,000"
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funding_committed: "$150,000"
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metadao_ownership: "65%"
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projected_take_rate: "5-15%"
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team_size: 6
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Develop a Saber Vote Market?
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## Summary
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Proposal to build a vote market platform for Saber's veSBR token holders, enabling them to earn yield by selling their governance votes while allowing projects to purchase liquidity more efficiently. The platform would be funded with $150K from ecosystem partners (UXD, BlazeStake, LP Finance, Saber) with MetaDAO owning 65% of the platform.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** Proph3t (metaproph3t)
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- **Proposal Number:** 2
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- **Completed:** 2023-12-22
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- **Budget:** $62,000 development cost from $150,000 total funding
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- **Timeline:** 10 weeks (Dec 18, 2023 - Feb 19, 2024)
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## Financial Model
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- Estimated $1 in yearly vote trade volume per $50 of Saber TVL
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- Saber TVL at proposal: $20M
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- Projected take rate: 5-15% (starting at 15%)
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- Comparable platforms: Convex (7-10%), Votium (~3%), Hidden Hand (~10%)
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- MetaDAO ownership: 65% after 10% liquidity mining distribution
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## Team and Budget Breakdown
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- Matt/fzzyyti: $24,000 (smart contracts)
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- Marie (swagy_marie): $12,000 (UI/UX)
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- Durden: $7,000 (platform design)
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- Proph3t: $7,000 (program management)
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- r0bre: $5,000 (audit)
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- Joe (joebuild): $5,000 (audit)
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- Deployment/misc: $2,000
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## Significance
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This proposal represents MetaDAO's pivot from the original Marinade vote market (Proposal 0) to Saber after Marinade developed an internal solution. It demonstrates MetaDAO's strategy of building governance infrastructure for DeFi protocols while generating revenue through take rates on vote trading volume. The proposal includes detailed financial modeling based on Curve/Convex/Aura comparables and emphasizes legitimacy-building through partnerships with established Solana projects.
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## Relationship to KB
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- [[metadao]] - governance decision to build vote market infrastructure
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- [[futardio]] - platform where this proposal was decided
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- Relates to MetaDAO's broader strategy of building futarchy infrastructure for DeFi governance |