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- 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>
66 lines
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3.2 KiB
Markdown
66 lines
No EOL
3.2 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 (metaproph3t)"
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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: "strategy"
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summary: "Proposal to build a Saber vote market funded by $150k consortium, with MetaDAO owning majority and earning revenue from vote trading fees"
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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 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.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** Proph3t (metaproph3t)
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- **Proposal Account:** GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
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- **Completed:** 2023-12-22
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- **Autocrat Version:** 0.1
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## Financial Structure
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- **Total Funding:** $150,000 from consortium
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- **Development Budget:** $62,000
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- Smart contracts (Matt/fzzyyti): $24,000
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- UI/UX (Marie): $12,000
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- Platform design (Durden): $7,000
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- Program management (Proph3t): $7,000
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- Audits (r0bre, joe): $10,000 combined
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- Deployment/misc: $2,000
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- **Treasury Reserve:** $88,000 for operations and maintenance
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- **Revenue Model:** 5-15% take rate on vote trades
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## Revenue Projections
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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.
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## Timeline
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- **Kickoff:** December 11-15, 2023
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- **Development:** December 18 - February 9, 2024 (with holiday break)
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- **Audit:** January 29 - February 2, 2024
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- **Launch:** February 19, 2024
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## Team
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- Marie (swagy_marie): UI/UX
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- Matt (fzzyyti): Smart contracts
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- Durden (durdenwannabe): Platform design & tokenomics
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- Joe (joebuild) & r0bre: Contract audits
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- Proph3t (metaproph3t): Program manager
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## Significance
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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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## Relationship to KB
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- [[metadao]] - strategic direction toward infrastructure provider
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- [[futardio]] - platform hosting this proposal
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- [[proph3t]] - proposer and program manager
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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]] - governance mechanism used |