Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
5.3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created | key_metrics | ||||||||||||||||||
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| decision | decision_market | coal: Let's get Futarded | internet-finance | passed | coal | futardio | HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC | https://v1.metadao.fi/coal/trade/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA | 2025-10-15 | 2025-10-18 | treasury | Expand coal supply to 25M, airdrop 420 COAL to 2,314 META holders, establish 3M COAL dev fund, migrate to v0.6 governance | rio | 2026-03-11 |
|
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