7d2e6c9723
- 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>
53 lines
2.3 KiB
Markdown
53 lines
2.3 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund the Rug Bounty Program"
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domain: internet-finance
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status: passed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
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proposal_date: 2024-06-14
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resolution_date: 2024-06-17
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category: "grants"
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summary: "Proposal to fund RugBounty.xyz platform development with $5,000 USDC to create bounty-based community recovery mechanism for rug pull victims"
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tracked_by: rio
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created: 2026-03-11
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---
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# FutureDAO: Fund the Rug Bounty Program
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Proposal Number:** 2
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- **Created:** 2024-06-14
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- **Ended:** 2024-06-17
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- **Completed:** 2024-06-19
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## Budget Breakdown
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- Platform Development: $3,000 USDC
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- Website: $1,000 USDC
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- QA: $1,000 USDC
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- Operational Costs: $1,000+ (API & Hosting)
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- Future $FUTURE bounties: TBD based on project scope
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## Mechanism Design
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The Rug Bounty Program creates a market-based recovery mechanism:
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1. Bounties created for rugged projects with reward specifications
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2. Community members ("Pirates") onboard victims through social platforms
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3. Multi-sig setup required for token migration (trust verification)
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4. Success defined as raising >60% of presale target in $SOL
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5. Bounty awarded to facilitators of successful migrations
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## Significance
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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.
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## Relationship to KB
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- [[futardio]] - governance decision funding product development
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- [[MetaDAO]] - parent futarchy infrastructure
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- Related to token migration and community takeover mechanisms in DeFi
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