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- Source: inbox/archive/2025-10-22-futardio-proposal-defiance-capital-cloud-token-acquisition-proposal.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
2.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_account | proposal_number | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | Sanctum: DeFiance Capital CLOUD Token Acquisition | internet-finance | failed | sanctum | futardio | DeFiance Capital | https://www.futard.io/proposal/CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj | CFZzTU9YBc2ESa9jXeiYsq1sbN2vg346gUunA5NC3iCj | 3 | 2025-10-22 | 2025-10-25 | treasury | DeFiance Capital proposed to purchase 13.7M CLOUD tokens (5% of community reserve) at $0.12 per token | rio | 2026-03-11 |
Sanctum: DeFiance Capital CLOUD Token Acquisition
Summary
DeFiance Capital, a long-term strategic partner of Sanctum since 2021, proposed to acquire 13.7 million CLOUD tokens (5% of the community reserve) at $0.12 per token (the 30-day TWAP at proposal submission). The proposal emphasized DeFiance's historical contributions including facilitating LST partnerships with Solana DATs, providing market exposure, and ongoing strategic advisory. The proposal failed after a 3-day voting period.
Market Data
- Outcome: Failed
- Proposer: DeFiance Capital
- Proposal Amount: 13.7M CLOUD tokens
- Proposed Price: $0.12 per token (30-day TWAP)
- Total Value: ~$1.64M USDC
- Payment Destination: Sanctum Community Reserve
- Proposal Created: 2025-10-22
- Voting Ended: 2025-10-25
- DAO Account: GVmi7ngRAVsUHh8REhKDsB2yNftJTNRt5qMLHDDCizov
- Autocrat Version: 0.3
Significance
This proposal represents a test case for strategic investor token acquisitions from community reserves through futarchy governance. The failure indicates that either the market viewed the price as unfavorable to the community, questioned the strategic value proposition, or had concerns about selling reserve tokens to a single strategic investor. The proposal's structure—emphasizing historical partnership value and future commitments rather than pure financial terms—reflects an attempt to frame treasury sales as strategic partnerships rather than simple token sales.
Relationship to KB
- sanctum - parent entity governance decision
- defiance-capital - proposing entity
- 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