teleo-codex/decisions/internet-finance/drift-fund-the-drift-superteam-earn-creator-competition.md

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	tracked_by	created
decision	decision_market	Drift: Fund The Drift Superteam Earn Creator Competition	internet-finance	failed	drift	futardio	proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2	https://www.futard.io/proposal/AKMnVnSC8DzoZJktErtzR2QNt1ESoN8i2DdHPYuQTMGY	2024-08-27	2024-08-31	grants	Proposal to fund $8,250 prize pool for Drift Protocol Creator Competition promoting B.E.T prediction market through Superteam Earn bounties	rio	2026-03-11

Drift: Fund The Drift Superteam Earn Creator Competition

Summary

Proposal to fund a creator competition with $8,250 in DRIFT tokens distributed through Superteam Earn to promote B.E.T (Solana's first capital efficient prediction market built on Drift). The competition included three bounty tracks (video, Twitter thread, trade ideas) plus a grand prize, each with tiered rewards. The proposal failed to pass.

Market Data

• Outcome: Failed
• Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
• Prize Pool: $8,250 in DRIFT tokens
• Prize Structure: Grand prize ($3,000), three tracks at $1,750 each with 1st/2nd/3rd place awards
• Platform: Superteam Earn
• Duration: Created 2024-08-27, completed 2024-08-31

Significance

Represents an early futarchy-governed marketing/grants decision where a protocol attempted to use conditional markets to approve community engagement spending. The failure suggests either insufficient market participation, unfavorable price impact expectations, or community skepticism about the ROI of creator bounties for prediction market adoption.

Relationship to KB

• drift - parent protocol governance decision
• futardio - governance platform used
• MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions - may relate to why this failed

Full Proposal Text

Drift is the largest open-sourced perpetual futures exchange built on Solana. Recently, Drift announced B.E.T, Solana's first capital efficient prediction market.

To celebrate the launch of B.E.T. this proposal would fund a collection of bounties called "Drift Protocol Creator Competition".

• The Drift Foundation Grants Program would fund a total prize pool of $8,250.
• The outcome of the competition will serve in educating the community on and accelerating growth of B.E.T. through community engagement and creative content generation.

If the proposal passes the competition would be run through Superteam Earn and funded in DRIFT token distributed by the Drift Foundation Grants Program.

This proposed competition offers three distinct bounty tracks as well as a grand prize, each with its own rewards:

• Grand prize ($3,000)
• Make an engaging video on B.E.T ($1,750)
• Twitter thread on B.E.T ($1,750)
• Share Trade Ideas on B.E.T ($1,750)

Each individual contest will have a prize structure of:

• 1st place: $1000
• 2nd place: $500
• 3rd place: $250

Link to campaign details and evaluation criteria: Link