teleo-codex/decisions/internet-finance/metadao-omnibus-migrate-and-update.md

type	entity_type	name	domain	status	parent_entity	platform	proposer	proposal_url	proposal_date	resolution_date	category	summary	key_metrics	tags	tracked_by	created
decision	decision_market	MetaDAO: Omnibus Proposal - Migrate and Update	internet-finance	passed	metadao	metadao	Kollan, Proph3t	https://www.metadao.fi/projects/metadao/proposal/Bzoap95gjbokTaiEqwknccktfNSvkPe4ZbAdcJF1yiEK	2026-01-02	2026-01-05	mechanism	META-034 — The big migration. New DAO program v0.6.1 with FutarchyAMM. Transfer $11.2M USDC. Migrate 90% liquidity from Meteora to FutarchyAMM. Burn 60K META. Amend Marshall Islands DAO Operating Agreement + Master Services Agreement. New settings: 300bps pass, -300bps team, $240K/mo spending, 200K META stake.	proposal_number proposal_account autocrat_version usdc_transferred meta_burned spending_limit stake_required pass_threshold team_pass_threshold volume trades pass_price fail_price 34 Bzoap95gjbokTaiEqwknccktfNSvkPe4ZbAdcJF1yiEK 0.5 $11,223,550.91 60,000 $240,000/month 200,000 META 300 bps -300 bps $1,100,000 6400 $9.51 $9.16	metadao migration omnibus futarchy-amm legal v0.6.1 passed	rio	2026-03-24

MetaDAO: Omnibus Proposal - Migrate and Update

Summary & Connections

META-034 — the omnibus migration that created the current MetaDAO. Five actions in one proposal: (1) sign amended Marshall Islands DAO Operating Agreement, (2) update Master Services Agreement with Organization Technology LLC, (3) migrate $11.2M USDC + authorities to new program v0.6.1, (4) move 90% of Meteora liquidity to FutarchyAMM, (5) burn 60K META. New DAO settings: 300bps pass threshold, -300bps team threshold, $240K/mo spending limit, 200K META stake required. $1.1M volume, 6.4K trades. Passed.

Outcome: Passed (~Jan 5, 2026).

Connections:

• This is the URL format transition point: everything before this uses v1.metadao.fi/metadao/trade/{id}, everything after uses metadao.fi/projects/metadao/proposal/{id}
• The -300bps team pass threshold is new and significant: team-sponsored proposals pass more easily than community proposals. "While futarchy currently favors investors, these new changes relieve some of the friction currently felt" by founders. This is a calibration of the mechanism's bias.
• $11.2M USDC in treasury at migration time — the Q4 2025 revenue ($2.51M) plus the META-033 fundraise results
• FutarchyAMM replaces Meteora as the primary liquidity venue — protocol now controls its own AMM infrastructure
• The legal updates (Marshall Islands DAO Operating Agreement + MSA) align MetaDAO's legal structure with the newer ownership coin structures used by launched projects
• 60K META burned — continuing the pattern from metadao-burn-993-percent-meta, the DAO burns surplus supply rather than holding it

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Full Proposal Text

Author: Kollan and Proph3t

Category: Operations Direct Action

Summary

A new onchain DAO with the following settings:

• Pass threshold 300 bps
• Team pass threshold -300 bps
• Spending limit $240k/mo
• Stake Required 200k META

Transfer 11,223,550.91146 USDC

Migrating liquidity from Meteora to FutarchyAMM

Amending the Marshall Islands DAO Operating Agreement

Modifying the existing Master Services Agreement between the Marshall Islands DAO and the Wyoming LLC

Burn 60k META tokens which were kept in trust for proposal creation and left over from the last fundraise.

The following will be executed upon passing of this proposal:

1. Sign the Amended Operating Agreement
2. Sign the updated Master Services Agreement
3. Migrate Balances and Authorities to New Program (and DAO)
4. Provide Liquidity to New FutarchyAMM
5. Burn 60k META tokens (left over from liquidity provisioning and the raise)

Background

Legal Structure

When setting up the DAO LLC in early 2024, we did so with information on hand. As we have evolved, we have developed and adopted a more agile structure that better conforms with legal requirements and better supports futarchy. This is represented by the number of businesses launching using MetaDAO. MetaDAO must adopt these changes and this proposal accomplishes that.

Additionally, we are updating the existing Operating Agreement of the Marshall Islands DAO LLC (MetaDAO LLC) to align it with the existing operating agreements of the newest organizations created on MetaDAO.

We are also updating the Master Services Agreement between MetaDAO LLC and Organization Technology LLC. This updates the contracted services and agreement terms and conditions to reflect the more mature state of the DAO post revenue and to ensure arms length is maintained.

Program And Settings

We have updated our program to v0.6.1. This includes the FutarchyAMM and changes to proposal raising. To align MetaDAO with the existing Ownership Coins this proposal will cause the DAO to migrate to the new program and onchain account.

This proposal adopts the team based proposal threshold of -3%. This is completely configurable for future proposals and we believe that spearheading this new development is paramount to demonstrate to founders that, while futarchy currently favors investors, these new changes relieve some of the friction currently felt.

In parallel, the new DAO is configured with an increased spending limit. We will continue to operate with a small team and maintain a conservative spend, but front loaded legal cost, audits and integration fees mandate an increased flexible spend. This has been set at $240k per month, but the expected consistent expenditure is less. Unspent funds do not roll over.

By moving to the new program raising proposals will be less capital constrained, have better liquidity for conditional markets and bring MetaDAO into the next chapter of ownership coins.

Authorities

This proposal sets the update and mint authority to the new DAO within its instructions.

Assets

This proposal transfers the ~11M USDC to the new DAO within its instructions.

Liquidity

Upon passing, we'll remove 90% of liquidity from Meteora DAMM v1 and reestablish a majority of the liquidity under FutarchyAMM (under the control of the DAO).

Supply

We had a previous supply used to create proposals and an additional amount left over from the fundraise which was kept to ensure proposal creation. Given the new FutarchyAMM this 60k META supply is no longer needed and will be burned.

Specifications

• Existing DAO: Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km
• Existing Squads: BxgkvRwqzYFWuDbRjfTYfgTtb41NaFw1aQ3129F79eBT
• Meteora LP: AUvYM8tdeY8TDJ9SMjRntDuYUuTG3S1TfqurZ9dqW4NM (475,621.94309) ~$2.9M
• Passing Threshold: 150 bps
• Spending Limit: $120k
• New DAO: CUPoiqkK4hxyCiJcLC4yE9AtJP1MoV1vFV2vx3jqwWeS
• New Squads: BfzJzFUeE54zv6Q2QdAZR4yx7UXuYRsfkeeirrRcxDvk
• Team Address: 6awyHMshBGVjJ3ozdSJdyyDE1CTAXUwrpNMaRGMsb4sf (Squads Multisig)
• New Pass Threshold: 300 bps
• New Team Pass Threshold: -300 bps
• New Spending Limit: $240k
• FutarchyAMM LP: TBD but 90% of the above LP

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Market Data

Metric	Value
Volume	$1,100,000
Trades	6,400
Pass Price	$9.51
Fail Price	$9.16

Raw Data

• Proposal account: Bzoap95gjbokTaiEqwknccktfNSvkPe4ZbAdcJF1yiEK
• Proposal number: META-034 (onchain #4)
• DAO account: Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km
• Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
• Autocrat version: 0.5

Relationship to KB

• metadao — parent entity, major infrastructure migration
• metadao-burn-993-percent-meta — continuing burn pattern (60K this time)
• metadao-services-agreement-organization-technology — MSA updated in this proposal
• 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 — mechanism upgraded to v0.6.1 with FutarchyAMM