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teleo-codex/entities/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md
Teleo Agents 4e44234573 rio: extract from 2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md 
- Source: inbox/archive/2024-02-05-futardio-proposal-execute-creation-of-spot-market-for-meta.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 15:36:52 +00:00

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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created
entity decision_market MetaDAO: Execute Creation of Spot Market for META internet-finance passed metadao futardio UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF 2024-02-05 2024-02-10 treasury Authorized creation of META/USDC liquidity pool through 6-member multisig executing 75K USDC raise and token distribution rio 2026-03-11

MetaDAO: Execute Creation of Spot Market for META

Summary

Proposal 5 authorized the execution of MetaDAO's first spot market for META tokens by establishing a 4/6 multisig to manage a 75,000 USDC raise, distribute 3,100 META to participants, and create a liquidity pool pairing 1,000 META with 35,000 USDC on Meteora (setting initial price at 35 USDC/META). This implemented the mandate from Proposal 3 to raise capital and establish META liquidity.

Market Data

  • Outcome: Passed
  • Proposer: UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
  • Proposal Number: 5
  • Autocrat Version: 0.1
  • Completed: 2024-02-10

Execution Structure

  • Multisig: 4/6 signature requirement
  • Members: Proph3t, Dean, Nallok, Durden, Rar3, BlockchainFixesThis
  • Total META Allocated: 4,130 META
    • 3,100 META to sale participants
    • 1,000 META for liquidity pool
    • 30 META as multisig compensation (5 META per member)
  • Fundraise Target: 75,000 USDC
  • Initial Price: 35 USDC/META
  • Platform: Meteora (planned)

Process Timeline

  1. Demand submission via Google form
  2. Allocation decisions by Proph3t (Monday, Feb 5)
  3. USDC transfer deadline (Wednesday, Feb 7)
  4. Backfill allocations for shortfalls (Thursday, Feb 8)
  5. META distribution and pool creation (Friday, Feb 9)
  6. Multisig disbandment

Significance

This proposal demonstrates the hybrid governance model where futarchy markets approve treasury operations while traditional multisig structures handle execution. The proposal explicitly acknowledged "no algorithmic guarantee" of multisig compliance, relying instead on reputational stakes of 4+ members. This reveals the practical scaffolding required to bridge futarchy decisions to operational reality, particularly for treasury management requiring legal and operational security.

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