7b7fdd9aa2
- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.6 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tracked_by | created | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Create Spot Market for META? | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b | 2024-01-12 | 2024-01-18 | fundraise | Proposal to create a spot market for $META tokens through public sale and liquidity pool creation |
|
rio | 2026-03-11 |
MetaDAO: Create Spot Market for META?
Summary
This proposal initiated the creation of a spot market for $META tokens by conducting a public token sale priced at the TWAP of the passing proposal, with a $75,000 hard cap and $35,000 allocated to liquidity pool creation. The proposal explicitly tied MetaDAO's ability to raise capital to its passage, stating that failure would prevent fundraising until March 12, 2024.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 3
- Autocrat Version: 0.1
- Created: 2024-01-12
- Completed: 2024-01-18
Token Sale Structure
- Hard cap: $75,000
- Sale price: TWAP of the passing proposal
- Sale quantity: Hard cap / Sale Price
- LP allocation: ~$35,000 in $META paired with $35,000 USD
- Additional funds reserved in $SOL for operational funding
Significance
This proposal demonstrates futarchy-governed capital formation in practice, using conditional market pricing (TWAP) to determine token sale terms. The explicit dependency on proposal passage for fundraising capability shows how futarchy mechanisms directly control treasury operations and capital access. The proposal also reveals operational constraints: MetaDAO structured its governance calendar such that proposal failure would create a two-month fundraising blackout period.
Relationship to KB
- metadao - third governance proposal, first fundraising proposal
- 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 - demonstrates TWAP-based token sale pricing
- 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 - confirms TWAP settlement mechanism in production use