Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
59 lines
3.4 KiB
Markdown
59 lines
3.4 KiB
Markdown
---
|
|
type: decision
|
|
entity_type: decision_market
|
|
name: "COAL: Establish Development Fund?"
|
|
domain: internet-finance
|
|
status: failed
|
|
parent_entity: "coal"
|
|
platform: "futardio"
|
|
proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
|
|
proposal_url: "https://v1.metadao.fi/coal/trade/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
|
|
proposal_date: 2024-12-05
|
|
resolution_date: 2024-12-08
|
|
category: "treasury"
|
|
summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
|
|
tracked_by: rio
|
|
created: 2026-03-11
|
|
---
|
|
|
|
# COAL: Establish Development Fund?
|
|
|
|
## Summary
|
|
Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
|
|
|
|
## Market Data
|
|
- **Outcome:** Failed
|
|
- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
|
|
- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
|
|
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
|
|
- **Duration:** 2024-12-05 to 2024-12-08
|
|
- **Daily Allocation Proposed:** 472.5 COAL (4.2% of 11,250 COAL/day base rate)
|
|
|
|
## Significance
|
|
This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support.
|
|
|
|
The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor?
|
|
|
|
## Relationship to KB
|
|
- Related to [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — COAL attempted to add issuance authority post-launch
|
|
- Related to [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — this was a contested decision that still failed
|
|
|
|
## Full Proposal Text
|
|
|
|
*Source: futard.io, tabled 2024-12-05*
|
|
|
|
Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
|
|
|
|
To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**.
|
|
|
|
This fund will:
|
|
- Support on-going protocol development and innovation
|
|
- Reward community-driven initiatives and contributions
|
|
- Enable marketing and growth initiatives to expand the $COAL ecosystem
|
|
|
|
**Details:**
|
|
The emissions allocation will be 4.2% of the current mining emission rate: 11,250 * 0.042 = 472.5 (development allocation per day).
|
|
|
|
To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. Future emission rate adjustments will integrate this allocation into the base rate.
|
|
|
|
The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures tracked and shared publicly.
|