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- Source: inbox/archive/2024-06-22-futardio-proposal-thailanddao-event-promotion-to-boost-deans-list-dao-engageme.md - Domain: internet-finance - Extracted by: headless extraction cron Pentagon-Agent: Rio <HEADLESS>
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| type | domain | description | confidence | source | created | depends_on | |
|---|---|---|---|---|---|---|---|
| claim | internet-finance | Futarchy implementations can require proposals to demonstrate measurable token price impact to pass | likely | Dean's List DAO ThailandDAO proposal on futard.io (2024-06-22) | 2024-06-22 |
|
Futarchy proposals can condition passage on token price appreciation thresholds creating market-based approval gates
The Dean's List DAO ThailandDAO proposal demonstrates a futarchy mechanism where proposal passage is explicitly conditioned on achieving a specific token price appreciation threshold. The proposal states: "For this proposal to pass, it must result in a 3% increase in the Time Weighted Average Price (TWAP) of The Dean's List DAO's Fully Diluted Valuation (FDV). The trading period for this proposal will be 3 days."
This creates a market-based approval gate where:
- Proposals must demonstrate measurable positive impact on token price (3% TWAP increase over 3 days)
- The market's expectation of proposal value determines passage, not just token holder votes
- The threshold is set relative to a specific metric (FDV TWAP) over a defined period
- Current FDV of $123,263 required a $3,698 increase (3%) for passage
This mechanism forces proposals to justify their value through market pricing rather than political coalition-building. The proposal failed, suggesting the market did not price in sufficient positive impact to meet the 3% threshold.
Evidence
From the proposal:
- "For this proposal to pass, it must result in a 3% increase in the Time Weighted Average Price (TWAP) of The Dean's List DAO's Fully Diluted Valuation (FDV)"
- "The trading period for this proposal will be 3 days"
- Current FDV: $123,263
- Required increase: $3,698 (3% of FDV)
- Proposal status: Failed
- Completed: 2024-06-25
- Proposal account:
DgXa6gy7nAFFWe8VDkiReQYhqe1JSYQCJWUBV8Mm6aM - DAO account:
9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ - Autocrat version: 0.3
The proposal was submitted through MetaDAO's futarchy infrastructure (futard.io platform, Autocrat version 0.3).
Relevant Notes:
- 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
- coin-price-is-the-fairest-objective-function-for-asset-futarchy
- futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements
Topics: