teleo-codex/decisions/internet-finance/coal-lets-get-futarded.md

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type: decision entity_type: decision_market name: "coal: Let's get Futarded" domain: internet-finance status: passed parent_entity: "coal" platform: "futardio" proposer: "HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC" proposal_url: "https://v1.metadao.fi/coal/trade/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA" proposal_date: 2025-10-15 resolution_date: 2025-10-18 category: "treasury" summary: "Expand coal supply to 25M, airdrop 420 COAL to 2,314 META holders, establish 3M COAL dev fund, migrate to v0.6 governance" tracked_by: rio created: 2026-03-11 key_metrics: proposal_number: 3 autocrat_version: "0.3" proposal_length: "3 days" new_governance_params: twap_delay: "1 day" min_liquidity: "1500 USDC, 2000 COAL" pass_threshold: "100 bps" coal_staked: "10,000" proposal_length: "3 days" source_archive: "inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md" related:

• Coal: Cut emissions by 50%?
• COAL: Meta-PoW: The ORE Treasury Protocol reweave_edges:
• Coal: Cut emissions by 50%?|related|2026-04-18
• COAL: Meta-PoW: The ORE Treasury Protocol|related|2026-04-18

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coal: Let's get Futarded

Summary

This proposal executed a comprehensive governance and tokenomics upgrade for coal, the only proof-of-work memecoin on Solana. It expanded total supply from 21M to 25M COAL through a one-time mint, distributed 420 COAL to each of 2,314 eligible META holders (snapshot October 12, 2025), established a 3.03M COAL development fund with monthly disbursement guardrails, and migrated the DAO to v0.6 governance infrastructure with futarchy AMM capabilities.

Market Data

• Outcome: Passed
• Proposer: HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
• Proposal Account: 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
• DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
• Duration: October 15-18, 2025 (3 days)

Proposal Structure

Airdrop Component

• Eligibility: All META holders at October 12, 2025 snapshot holding ≥$100 notional value
• Amount: 420 COAL per eligible wallet
• Total Recipients: 2,314 wallets
• Total Airdrop: 971,880 COAL

Supply Expansion

• Previous Supply: 21,000,000 COAL
• New Supply: 25,000,000 COAL
• One-time Increase: 4,000,000 COAL
• Allocation: 971,880 to airdrop, 3,028,120 to dev fund
• Mining Emissions: Unchanged

Development Fund

• Size: 3,028,120 COAL
• Manager: DAO treasury
• Monthly Disbursement Cap: 30,000 COAL to Grant (lead dev)
• Large Grant Threshold: Any single use >69,000 COAL requires separate decision market
• Transparency: Public ledger, monthly forum reports, verified addresses
• Purpose: Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding

Governance Migration

• Target: v0.6 DAO infrastructure
• New Features: DAO treasury, futarchy AMM, full governance tooling
• TWAP Delay: 1 day
• Minimum Liquidity: 1,500 USDC + 2,000 COAL
• Pass Threshold: 100 basis points
• Staking Requirement: 10,000 COAL
• Proposal Duration: 3 days

Liquidity Strategy

• OTC Buyer: Lined up to purchase portion of dev fund
• Proceeds Use: Seed futarchy AMM and bootstrap COAL liquidity

Significance

This proposal represents a comprehensive transition from experimental memecoin to structured futarchy-governed protocol. The META holder airdrop creates cross-pollination between MetaDAO's futarchy ecosystem and coal's proof-of-work model. The development fund with explicit guardrails (monthly caps, large-grant thresholds requiring separate markets) demonstrates maturing governance design that balances operational flexibility with market oversight. The migration to v0.6 infrastructure with futarchy AMM capabilities positions coal as a testing ground for futarchy mechanisms in the memecoin context.

Relationship to KB

• coal — parent entity
• futardio — governance platform
• MetaDAO — source of airdrop recipients
• futarchy-governed-meme-coins-attract-speculative-capital-at-scale — exemplifies governance model
• futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — demonstrates supply expansion mechanism

Full Proposal Text

Source: futard.io, tabled 2025-10-15

This proposal does 3 things: 1/ Onboard META holders: One-time airdrop of 420 $coal to every $META holder (snapshot October 12, 2025). 2/ Expand Supply for Growth: One-time mint to enable the airdrop, seed a dev fund, and provide initial liquidity. 3/ Establish a Development Fund: Transparent treasury for ongoing development, community initiatives, and integrations.

Airdrop:

• Eligibility: All $META holders at snapshot (2,314 wallets) holding at least $100 worth of $META
• Amount: 420 $coal per eligible wallet
• Total: 971,880 $coal

Supply Update:

• Total supply: 21,000,000 → 25,000,000 $coal (one-time increase of 4,000,000)
• 971,880 → Airdrop; 3,028,120 → Development Fund
• Mining emissions: Unchanged

Development Fund:

• Manager: DAO treasury
• Disbursements: up to 30,000 $coal per month to Grant (lead dev)
• Large grants: Any single use >69,000 $coal requires separate decision market
• Transparency: Public ledger, monthly forum report, verified addresses

Liquidity Kickstart: An OTC buyer is lined up to purchase a portion of the Dev Fund; proceeds will seed the futarchy AMM and bootstrap $coal liquidity.

Moving into v0.6 DAO governance:

• TWAP delay: 1 day
• Minimum liquidity: 1500 USDC, 2000 coal
• Pass threshold: 100 bps
• Coal staked: 10,000
• Proposal length: 3 days