6a71cf43ea
- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
3.5 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | COAL: Meta-PoW: The ORE Treasury Protocol | internet-finance | passed | coal | futardio | HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC | https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg | 2025-11-07 | 2025-11-10 | mechanism | Proposal to implement Meta-PoW economic model that moves mining power into pickaxes and creates deterministic ORE treasury accumulation through INGOT smelting | rio | 2026-03-11 |
COAL: Meta-PoW: The ORE Treasury Protocol
Summary
The Meta-PoW proposal establishes a new economic model for COAL that creates a deterministic loop accumulating ORE in the treasury. The system moves mining power from direct token claims into pickaxe tools, makes INGOT (crafted using COAL + ORE) the universal input for all tool operations, and implements dynamic license fees that scale with COAL/ORE price ratios to throttle supply during weakness.
Market Data
- Outcome: Passed
- Proposer: HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- Proposal Account: G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Created: 2025-11-07
- Completed: 2025-11-10
- Autocrat Version: 0.3
Mechanism Design
The proposal introduces four tokens (COAL, ORE, INGOT, WOOD) with specific roles:
COAL: Mineable with 25M max supply and halving-band emissions. Burned for smelting and pickaxe licenses.
ORE: External hard asset. Only paid at smelting (μ ≈ 12.10 ORE per INGOT). 100% goes to COAL treasury.
INGOT: Minted only by smelting (burn 100 COAL + pay μ ORE). Universal input for crafting and repairing tools.
WOOD: Produced by axes. Used for tool crafting and repair. No direct emissions or ORE role.
Key mechanisms:
- Dynamic license fee: c(y) = c0 * (y / y_ref)^p where y = P_ORE / P_COAL. Defaults: c0=200, y_ref=50, p=3, clamped [1,300]
- Evergreen tools: 4% daily decay if not repaired. Repair cheaper than recrafting.
- Calibration: Each fully maintained pickaxe targets ~1 ORE/day treasury inflow via 0.082643 INGOT/day repair costs
Significance
This proposal represents a significant evolution in tokenomic design for mining-based protocols. Rather than direct token emissions, it creates a multi-layer economic system where:
- Treasury accumulation is deterministic (tied to player activity through INGOT demand)
- Supply responds automatically to price conditions (via dynamic license fees)
- Tool maintenance creates steady-state demand (evergreen design with repair < replacement cost)
The mechanism demonstrates how futarchy governance can approve complex economic protocols with multiple interacting parameters. The proposal notes parameters may be "slightly adjusted by the core team before launch, upon feedback from the community," indicating futarchy provides directional approval while expert implementation handles precision.
Relationship to KB
- coal - parent entity, governance decision
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale - platform enabling this governance
- dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution - related mechanism design pattern