7769d99309
- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
2.5 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | completed_date | category | summary | budget_requested | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FutureDAO: Fund the Rug Bounty Program | internet-finance | passed | futardio | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt | 2024-06-14 | 2024-06-17 | 2024-06-19 | grants | Fund development of RugBounty.xyz platform to help communities recover from rug pulls through bounty-incentivized token migrations | $5,000 USDC | rio | 2026-03-11 |
FutureDAO: Fund the Rug Bounty Program
Summary
Proposal to fund development of RugBounty.xyz, a platform that incentivizes community members to onboard rugged project communities to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Budget: $5,000 USDC for platform development ($3,000 platform, $1,000 website, $1,000 QA) plus $1,000+ operational costs
- Created: 2024-06-14
- Ended: 2024-06-17
- Completed: 2024-06-19
Significance
This proposal demonstrates futarchy-governed product development funding for a novel use case: community-driven recovery from rug pulls. The bounty mechanism creates a permissionless market for community takeover facilitation, where "pirates" compete to successfully migrate rugged communities. The multi-sig requirement for token migrator shows trust-minimized collaboration between bounty hunters and FutureDAO.
The proposal positions FutureDAO as infrastructure for crypto community resilience rather than just a governance experiment, with potential partnerships across security (GoPlus, Rugcheck), analytics (Birdeye, Dexscreener), and communication (SolChat) layers.
Relationship to KB
- futardio - product development decision
- MetaDAO - parent futarchy infrastructure
- futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance - treasury allocation through futarchy
Timeline
- 2024-06-14 - Proposal created
- 2024-06-17 - Voting ended, proposal passed
- 2024-06-19 - Proposal completed