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teleo-codex/entities/internet-finance/metadao-develop-saber-vote-market.md
Teleo Agents 537103fd4b rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md 
- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 14:43:10 +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: Develop a Saber Vote Market? internet-finance passed metadao futardio Proph3t (metaproph3t) https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM 2023-12-16 2023-12-22 strategy Proposal to build a Saber vote market funded by $150k consortium, with MetaDAO owning majority and earning revenue from vote trading fees rio 2026-03-11

MetaDAO: Develop a Saber Vote Market?

Summary

Proposal to build a vote market for Saber's veSBR holders, funded by a $150k consortium of ecosystem teams (UXD, BlazeStake, LP Finance, Saber). MetaDAO would own the majority of the platform, with $62k allocated to development costs and $90k reserved for ongoing operations. The platform would enable veSBR holders to earn yield by selling their votes and allow projects to acquire liquidity more efficiently than through bespoke campaigns.

Market Data

  • Outcome: Passed
  • Proposer: Proph3t (metaproph3t)
  • Proposal Account: GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
  • Completed: 2023-12-22
  • Autocrat Version: 0.1

Financial Structure

  • Total Funding: $150,000 from consortium
  • Development Budget: $62,000
    • Smart contracts (Matt/fzzyyti): $24,000
    • UI/UX (Marie): $12,000
    • Platform design (Durden): $7,000
    • Program management (Proph3t): $7,000
    • Audits (r0bre, joe): $10,000 combined
    • Deployment/misc: $2,000
  • Treasury Reserve: $88,000 for operations and maintenance
  • Revenue Model: 5-15% take rate on vote trades

Revenue Projections

Based on Curve and Aura benchmarks, estimated $1 in yearly vote trade volume per $50 of Saber TVL. With Saber's $20M TVL at the time, projected $400k annual volume. At 15% take rate and 65% MetaDAO ownership, estimated $39k annual revenue to MetaDAO.

Timeline

  • Kickoff: December 11-15, 2023
  • Development: December 18 - February 9, 2024 (with holiday break)
  • Audit: January 29 - February 2, 2024
  • Launch: February 19, 2024

Team

  • Marie (swagy_marie): UI/UX
  • Matt (fzzyyti): Smart contracts
  • Durden (durdenwannabe): Platform design & tokenomics
  • Joe (joebuild) & r0bre: Contract audits
  • Proph3t (metaproph3t): Program manager

Significance

This proposal demonstrates MetaDAO's pivot from building its own vote market (Marinade, proposal 0) to providing futarchy-governed infrastructure as a service for other protocols. It shows MetaDAO's legitimacy-building strategy through partnerships with established Solana projects and represents an early test of the "futarchy as a service" model. The multi-party funding consortium structure ($150k from 4+ teams) validates external demand for MetaDAO's governance technology.

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