0da42ebbf1
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>
41 lines
No EOL
2.1 KiB
Markdown
41 lines
No EOL
2.1 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: Swap $150,000 into ISC?"
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domain: internet-finance
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status: failed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "@Richard_ISC"
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proposal_url: "https://www.futard.io/proposal/Gp3ANMRTdGLPNeMGFUrzVFaodouwJSEXHbg5rFUi9roJ"
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proposal_date: 2024-10-30
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resolution_date: 2024-11-03
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category: "treasury"
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summary: "Proposal to convert $150,000 USDC (6.8% of treasury) into ISC stablecoin to hedge against dollar devaluation"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Swap $150,000 into ISC?
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** @Richard_ISC (ISC team member)
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- **Treasury Context:** MetaDAO held ~$2.2M USDC at proposal time
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- **Proposed Allocation:** 6.8% of treasury
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- **Execution Plan:** DCA order on Jupiter (10 orders over 10 hours, $15K each, price range $1.70-$1.90)
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## Significance
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This proposal represents an early test case for DAO treasury diversification into alternative stablecoins through futarchy governance. The failure suggests either:
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1. Market skepticism about ISC's value proposition relative to USDC
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2. Risk aversion to allocating treasury to a smaller, newer stablecoin
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3. Concerns about the proposer's conflict of interest (ISC team member)
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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.
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## Relationship to KB
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- [[metadao]] - treasury management decision
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- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] - relevant to understanding market participation patterns |