teleo-codex/decisions/internet-finance/metadao-appoint-nallok-proph3t-benevolent-dictators.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	last_updated
decision	decision_market	MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months	internet-finance	passed	metadao	metadao	Proph3t, Nallok	https://v1.metadao.fi/metadao/trade/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW	2024-03-26	2024-03-31	operations	Proposal 14 (Autocrat v0.1) — Appoint Proph3t and Nallok as BDF3M (Benevolent Dictators For 3 Months). 1,015 META + $100K USDC for 7 months of compensation (4 retro, 3 forward). OKR: 10 GitHub issues/week.	proposal_number proposal_account autocrat_version budget term 14 BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW 0.1 1,015 META + $100,000 USDC March 26 - June 30, 2024	metadao governance benevolent-dictator operations passed	rio	2026-03-11	2026-03-24

MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months

Summary & Connections

Proposal 14 (Autocrat v0.1) — emergency executive authority via futarchy. Appoint Proph3t and Nallok as BDF3M to make key decisions outside the (then-slow) proposal process. 1,015 META + $100K USDC for 7 months: 4 retroactive (Dec-Mar) + 3 forward (Apr-Jun). OKR: 10 GitHub issues/week. "This proposal failing would decrease the probability of MetaDAO's success by more than 20%."

Outcome: Passed (2024-03-31). Term ran through June 30, 2024.

Connections:

• This is futarchy governing its own governance — the market decided that the futarchy process was too slow and appointed executives to bypass it temporarily. Meta-level evidence for the mechanism's self-awareness.
• "The current proposal process is too slow and costly" — this friction later led to the AMM upgrade (metadao-develop-amm-program-for-futarchy) and Autocrat v0.2 (metadao-migrate-autocrat-v02) which reduced proposal duration to 3 days
• The BDF3M structure (time-limited authority, explicit OKRs, market-revocable) is evidence for futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance
• Compensation: ~145 META + $14K/month average — establishes the early comp baseline before the convex payout system (metadao-compensation-proph3t-nallok)
• Retroactive compensation for Dec-Mar contributors including who isn't named — shows the DAO was operating informally before formalizing

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Full Proposal Text

Entrepreneur(s)

Proph3t, Nallok

Overview

Today, MetaDAO is not executing as fast as a normal startup would. At the crux of this is that the current proposal process is too slow and costly. We can and will fix that, but in the short-term we need some of MetaDAO's key decisions to be made outside of the proposal process.

This proposal would appoint Proph3t and Nallok to be Benevolent Dictators For 3 Months (BDF3M). Their term would be from the finalization of this proposal to June 30th. At that point, either the futarchy will be able to function autonomously or another proposal will need to be raised.

We are requesting 1015 META and 100,000 USDC to handle 4 months of retroactive compensation (December - March) and 3 months of forward-looking compensation (April - June). So an average of 145 META and $14,000 per month.

Given that this is a critical juncture in MetaDAO's timeline, we believe that this proposal failing would decrease the probability of MetaDAO's success by more than 20%.

OKRs

Execute faster

• Complete 10 issues on GitHub per week

Handle business operations

• Perform retroactive compensation for the months of December, January, February, and March within 1 week of the proposal passing
• Perform operations compensation for April, May, and June
• Oversee the creation of a new kickass landing page

Project

If passed, this proposal would appoint Proph3t and Nallok as interim leaders. The following would fall under their domain:

• Retroactive compensation for all contributions to MetaDAO prior to this proposal
• Managing ongoing business operations, including:
  • Steering the off-chain proposal process, including providing proposal and communication guidelines for proposers and compensating proposers when appropriate
  • Steering MetaDAO-wide project management
  • Handling any expenses or required activities required to operate effectively
  • Improving the security and efficacy of the core futarchy mechanism
  • Providing monthly updates to the MetaDAO community
• Compensation for current contributors, including the incentive-based part

The proposal would also allow Nallok or Proph3t to make exceptional use grants for MetaDAO's code licenses.

For technical reasons, no META nor USDC would come directly from the DAO's treasury. It would instead come from various multisigs.

Although we make no hard commitments, the META would likely be issued in 5-year locked form.

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Raw Data

• Proposal account: BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW
• Proposal number: 14
• DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
• Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
• Autocrat version: 0.1
• Completed: 2024-03-31

Relationship to KB

• metadao — parent entity
• metadao-compensation-proph3t-nallok — the long-term comp that followed this interim arrangement
• proph3t — appointed BDF3M
• nallok — appointed BDF3M
• futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance — BDF3M is the clearest example