2.5 KiB
2.5 KiB
| 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: Migrate Autocrat Program to v0.1 | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi | 2023-12-03 | 2023-12-13 | mechanism | Upgrade Autocrat program to v0.1 with configurable proposal duration (3-day default) and migrate 990K META + 10K USDC + 5.5 SOL to new treasury | rio | 2026-03-11 |
MetaDAO: Migrate Autocrat Program to v0.1
Summary
This proposal upgraded MetaDAO's Autocrat futarchy implementation to v0.1, making proposal duration configurable with a new 3-day default (down from a longer implied period) to enable faster feedback loops. The migration required moving the entire treasury (990,000 META, 10,025 USDC, and 5.5 SOL) from the first program to the second program.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Completed: 2023-12-13
- Proposal account: AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
Key Risks Disclosed
- Smart contract risk: Potential for new bugs in upgraded program (assessed as small by proposer)
- Counterparty risk: Build was not verifiable due to technical constraints, requiring trust in proposer that no backdoor was introduced. Proposer committed to using verifiable builds for future versions.
Significance
This was MetaDAO's first major mechanism upgrade, demonstrating:
- Willingness to iterate on futarchy parameters based on user experience (faster feedback)
- The operational friction of treasury migrations when upgrading program architecture
- Trust dynamics in early-stage futarchy implementations (non-verifiable build accepted by community)
- Evolution from hardcoded to configurable governance parameters
Relationship to KB
- metadao - mechanism upgrade and treasury migration
- 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 - confirms 3-day window is configurable parameter
- futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject - demonstrates production adaptation