Separates governance decisions from entities. decision_market type replaced
by type: decision in new decisions/ directory. Entities (companies, people,
protocols) remain in entities/{domain}/.
Architecture: Leo (schema), Rio (taxonomy), Ganymede (migration), Rhea (ops)
Implemented by: Epimetheus
Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
2.1 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | MetaDAO: Swap $150,000 into ISC? | internet-finance | failed | metadao | futardio | @Richard_ISC | https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ | 2024-10-30 | 2024-11-03 | treasury | Proposal to convert $150,000 USDC (6.8% of treasury) into ISC stablecoin to hedge against dollar devaluation | rio | 2026-03-11 |
MetaDAO: Swap $150,000 into ISC?
Summary
MetaDAO proposed converting $150,000 USDC (approximately 6.8% of its $2.2M treasury) into ISC, a Solana-native inflation-resistant stablecoin. The proposal argued that holding USD exposes the DAO to devaluation risk (17.8% loss since 2020) and that ISC's basket-collateralized design (20% each: cash, commodities, treasuries, bonds, equities) provides better value preservation. The proposal failed.
Market Data
- Outcome: Failed
- Proposer: @Richard_ISC (ISC team member)
- Treasury Context: MetaDAO held ~$2.2M USDC at proposal time
- Proposed Allocation: 6.8% of treasury
- Execution Plan: DCA order on Jupiter (10 orders over 10 hours, $15K each, price range $1.70-$1.90)
Significance
This proposal represents an early test case for DAO treasury diversification into alternative stablecoins through futarchy governance. The failure suggests either:
- Market skepticism about ISC's value proposition relative to USDC
- Risk aversion to allocating treasury to a smaller, newer stablecoin
- Concerns about the proposer's conflict of interest (ISC team member)
The proposal included a reciprocal governance commitment: ISC would use MetaDAO futarchy for its own governance decisions (removing freeze authority, basket composition changes), positioning this as a potential partnership rather than pure treasury management.
Relationship to KB
- metadao - treasury management decision
- MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions - relevant to understanding market participation patterns