8fb115b6ea
- Source: inbox/archive/2025-02-06-futardio-proposal-should-sanctum-implement-cloud-staking-and-active-staking-re.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
3.6 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_account | proposal_number | proposer | autocrat_version | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | Sanctum: Should Sanctum implement CLOUD staking and active staking rewards? | internet-finance | passed | sanctum | futardio | https://www.futard.io/proposal/4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf | 4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf | 2 | proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 | 0.3 | 2025-02-06 | 2025-02-09 | mechanism | Implements CLOUD staking with 30-day vesting lockup and allocates 30M CLOUD to active staking rewards | rio | 2026-03-11 |
Sanctum: Should Sanctum implement CLOUD staking and active staking rewards?
Summary
Sanctum's first governance proposal (CLOUD-1) implements two mechanism innovations for futarchy: (1) staked CLOUD (sCLOUD) with 30-day linear vesting as the base asset for conditional market participation, designed to mitigate Keynesian beauty contest dynamics by selecting for long-term holders, and (2) active staking rewards funded by 30M CLOUD (3% of total supply) distributed quarterly to participants who meet minimum trading volume thresholds (10 USDC per proposal). The proposal passed 2025-02-09 using Autocrat v0.3.
Market Data
- Outcome: Passed
- Proposal Account: 4BTTxsV98Rhm1qjDe2yPdXtj7j7KBSuGtVQ6rUNWjjXf
- Proposal Number: 2 (CLOUD-1)
- Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- Autocrat Version: 0.3
- Created: 2025-02-06
- Completed: 2025-02-09
Mechanism Details
Staking Lockup:
- 30-day linearly vesting lockup (~3.3 CLOUD/day per 100 sCLOUD unstaked)
- Designed to select for long-term holders and mitigate beauty contest trading
- Transition from CLOUD/USDC to sCLOUD/USDC markets delayed until user comfort increases
Active Staking Rewards:
- Total allocation: 30M CLOUD (3% of total supply)
- Distribution: Two 15M CLOUD tranches, quarterly
- First distribution: ~3 months after passage
- Reward formula: pro rata share = (staked CLOUD × time) × (number of votes participated in)
- Minimum participation: 10 USDC trading volume per proposal (both pass and fail markets)
- Tracking begins with CLOUD-2 (next proposal after this)
Governance Cadence:
- Proposals every two weeks
- 1 week deliberation period + 3 day voting period
Significance
This is the first production futarchy implementation to combine staking lockups with participation rewards as explicit solutions to mechanism design problems (beauty contest dynamics and participation incentives). The proposal's design rationale explicitly names these problems and proposes specific parameter choices (30-day vesting, 10 USDC minimum, quarterly distribution). However, Sanctum's decision to delay the sCLOUD transition reveals adoption friction—even committed futarchy users need staged rollouts to manage complexity.
Relationship to KB
- sanctum — first governance decision
- 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 — uses Autocrat v0.3
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — confirms adoption friction through delayed sCLOUD transition
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale — extends MetaDAO use case from fundraising to operational governance