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Pipeline auto-fixer: removed [[ ]] brackets from links that don't resolve to existing claims in the knowledge base.
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3.5 KiB
Markdown
61 lines
No EOL
3.5 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Sanctum: Should Sanctum implement CLOUD staking and active staking rewards?"
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domain: internet-finance
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status: passed
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parent_entity: "[[sanctum]]"
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platform: "futardio"
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proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://www.futard.io/proposal/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf"
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proposal_date: 2025-02-06
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resolution_date: 2025-02-09
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autocrat_version: "0.3"
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category: "mechanism"
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summary: "Implement CLOUD staking with 30-day vesting lockup and allocate 30M CLOUD to active staking rewards for governance participation"
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tracked_by: rio
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created: 2026-03-11
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---
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# Sanctum: Should Sanctum implement CLOUD staking and active staking rewards?
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## Summary
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Sanctum's first governance proposal (CLOUD-1) passed on 2025-02-09, implementing two mechanisms: (1) CLOUD staking with 30-day linearly vesting lockup as the base asset for futarchy participation, designed to mitigate Keynesian beauty contest dynamics by incentivizing long-term holder participation, and (2) active staking rewards allocating 30M CLOUD (3% of total supply) over six months to participants based on (staked amount × time) × votes participated, with a 10 USDC minimum trading volume threshold per proposal.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Platform:** Futardio (Autocrat v0.3)
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- **Resolution:** 2025-02-09
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- **Proposal Number:** CLOUD-1 (Sanctum's first governance proposal)
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## Mechanism Design
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**Staking Implementation:**
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- 30-day linearly vesting lockup (~3.3 CLOUD/day per 100 sCLOUD unstaked)
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- Planned transition from CLOUD/USDC to sCLOUD/USDC markets (deferred initially due to user confusion)
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- Designed to filter for long-term holders and reduce speculative momentum trading
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**Active Staking Rewards:**
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- 30M CLOUD allocation (3% of total supply)
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- Two 15M tranches distributed quarterly
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- Rewards formula: (staked CLOUD × time) × number of votes participated
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- Minimum 10 USDC trading volume per proposal to qualify
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- First distribution ~3 months after passage
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- Proposal cadence: every two weeks (1 week deliberation + 3 day voting)
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## Significance
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This proposal represents the first major implementation of staking-gated futarchy markets on Solana, introducing two novel mechanisms to address known futarchy failure modes: beauty contest dynamics (via lockups) and low participation (via rewards). The staged rollout strategy—deferring sCLOUD markets until users are comfortable—demonstrates pragmatic adoption friction management.
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The 30M CLOUD allocation (3% of supply) is substantial, indicating Sanctum's commitment to subsidizing governance participation as a public good rather than expecting pure market incentives to drive engagement.
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## Relationship to KB
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- [[sanctum]] — first governance decision
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- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] — uses Autocrat v0.3
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — explicitly acknowledges and manages adoption friction
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- staking-lockups-mitigate-keynesian-beauty-contest-in-futarchy-by-forcing-long-term-holder-participation — mechanism rationale
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- active-staking-rewards-incentivize-futarchy-participation-by-compensating-governance-effort-with-token-distributions — mechanism rationale |