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- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | 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 | grants | Proposal to fund RugBounty.xyz platform development with $5,000 USDC to create bounty-based community recovery mechanism for rug pull victims | 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 rug pull victims to FutureDAO's Token Migration tool through a bounty system. The program allocates $5,000 USDC for platform development plus operational costs for API/hosting and future $FUTURE token bounties.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 2
- Created: 2024-06-14
- Ended: 2024-06-17
- Completed: 2024-06-19
Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs: $1,000+ (API & Hosting)
- Future $FUTURE bounties: TBD based on project scope
Mechanism Design
The Rug Bounty Program creates a market-based recovery mechanism:
- Bounties created for rugged projects with reward specifications
- Community members ("Pirates") onboard victims through social platforms
- Multi-sig setup required for token migration (trust verification)
- Success defined as raising >60% of presale target in $SOL
- Bounty awarded to facilitators of successful migrations
Significance
This proposal represents FutureDAO's positioning as "Solana's Emergency Response Team (S.E.R.T.)" and demonstrates futarchy-governed allocation toward community protection infrastructure. The bounty mechanism creates incentive alignment for decentralized victim recovery without requiring centralized coordination.