Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
3.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | COAL: Establish Development Fund? | internet-finance | failed | coal | futardio | AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r | https://v1.metadao.fi/coal/trade/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U | 2024-12-05 | 2024-12-08 | treasury | Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing | rio | 2026-03-11 |
COAL: Establish Development Fund?
Summary
Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
Market Data
- Outcome: Failed
- Proposer: AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
- Proposal Account: DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Duration: 2024-12-05 to 2024-12-08
- Daily Allocation Proposed: 472.5 COAL (4.2% of 11,250 COAL/day base rate)
Significance
This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support.
The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor?
Relationship to KB
- Related to futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — COAL attempted to add issuance authority post-launch
- Related to MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions — this was a contested decision that still failed
Full Proposal Text
Source: futard.io, tabled 2024-12-05
Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
To ensure the long-term sustainability of the project, we propose establishing a Development Fund through a 4.2% emissions allocation.
This fund will:
- Support on-going protocol development and innovation
- Reward community-driven initiatives and contributions
- Enable marketing and growth initiatives to expand the $COAL ecosystem
Details: The emissions allocation will be 4.2% of the current mining emission rate: 11,250 * 0.042 = 472.5 (development allocation per day).
To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. Future emission rate adjustments will integrate this allocation into the base rate.
The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures tracked and shared publicly.