3.3 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| source | Futardio: Engage in $6M OTC with DBA and Variant? | futard.io | https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB | 2025-10-09 | internet-finance | data | unprocessed |
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proposal |
Proposal Details
- Project: MetaDAO
- Proposal: Engage in $6M OTC with DBA and Variant?
- Status: Failed
- Created: 2025-10-09
- URL: https://www.metadao.fi/projects/metadao/proposal/HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB
- Description: If passed, this proposal would sell $6m of META to DBA and Variant at $4.0795 per META, equivalent to a ~$85MM market cap.
- Discussion: https://discord.gg/9H8p3Ghxb7
Summary
🎯 Key Points
This proposal aims to sell $6M worth of META tokens to DBA and Variant at a price of $4.0795 per token, increasing the market cap to approximately $85M, and to expand MetaDAO's team for improved operational efficiency.
📊 Impact Analysis
👥 Stakeholder Impact
DBA and Variant will receive META tokens, potentially strengthening their partnership with MetaDAO while increasing the DAO's cash reserves.
📈 Upside Potential
The influx of $6M will provide MetaDAO with additional runway and resources to hire new team members, enhancing productivity and project execution.
📉 Risk Factors
If DBA or Variant fail to fulfill their financial commitments, it may jeopardize the planned token distribution and MetaDAO's financial strategy.
Content
If passed, this proposal would sell $6m of META to DBA and Variant at $4.0795 per META, equivalent to a ~$85MM market cap.
Motivation
MetaDAO currently has ~$1.8m in cash, which equates to ~24 months of runway.
We have a pretty small team right now - it’s me and Kollan, our founding engineer, a part-time designer, and a twitter intern.
We like keeping our team lean - many times, bigger teams actually go slower than small teams - but we think we could go faster if we expanded (hired full-time designer + another 1-2 engineer(s)) and it’d also be nice to have more runway.
Logistics
If passed, this proposal would mint 1,470,768 META to this 5/6 multisig (6mYWxA7Jrvxqbj2yrcueupuQAgT1WsFwyLTZB382rdFc), containing Kollan and Proph3t from MetaDAO, Michael and Jon Charbonneau from DBA, and two addresses from Jesse Walden at Variant.
DBA and Variant agree to each send 3,000,000 USDC to that multisig, which would then send them each 735,384 META and then the USDC to MetaDAO’s treasury.
Tokens would be fully unlocked - we don’t believe in locking up non-team supply.
If for some reason one or both parties don’t send their end, we would attempt to burn the relevant tokens.
Raw Data
- Proposal account:
HmAuSUjYzuEdkGvBe19JxK3pUYKNf4JPCkWY2nCFNYNB - Proposal number: 2
- DAO account:
Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km - Proposer:
proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 - Autocrat version: 0.5