8b88dda97c
- Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
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| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins | internet-finance | failed | metadao | futardio | Ben Hawkins | https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK | 2024-02-13 | 2024-02-18 | treasury | Ben Hawkins proposed minting 1,500 META tokens at $33.33 per token in exchange for $50,000 USDC to MetaDAO treasury | rio | 2026-03-11 |
MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins
Summary
Ben Hawkins proposed to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury. The trade valued META at $33.33 per token. The proposal failed after a 5-day voting period.
Market Data
- Outcome: Failed
- Proposer: Ben Hawkins
- Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- Proposal Number: 6
- DAO Account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
- Autocrat Version: 0.1
- Created: 2024-02-13
- Ended: 2024-02-18
- Completed: 2024-02-18
Significance
This proposal represents an early OTC treasury fundraising attempt on MetaDAO's futarchy platform. The failure suggests either market skepticism about the valuation ($33.33/META), concerns about the specific counterparty, or insufficient liquidity to support the conditional markets. This contrasts with the later successful Pantera Capital OTC proposal, indicating that counterparty reputation or market conditions may significantly affect futarchy-governed fundraising outcomes.
Relationship to KB
- metadao - treasury fundraising decision
- futardio - platform used for governance
- MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window - governance mechanism