44 lines
2.5 KiB
Markdown
44 lines
2.5 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Migrate Autocrat Program to v0.1"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi"
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proposal_date: 2023-12-03
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resolution_date: 2023-12-13
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category: "mechanism"
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summary: "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"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Migrate Autocrat Program to v0.1
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Completed:** 2023-12-13
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- **Proposal account:** AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
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## Key Risks Disclosed
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1. **Smart contract risk:** Potential for new bugs in upgraded program (assessed as small by proposer)
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2. **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.
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## Significance
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This was MetaDAO's first major mechanism upgrade, demonstrating:
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- Willingness to iterate on futarchy parameters based on user experience (faster feedback)
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- The operational friction of treasury migrations when upgrading program architecture
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- Trust dynamics in early-stage futarchy implementations (non-verifiable build accepted by community)
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- Evolution from hardcoded to configurable governance parameters
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## Relationship to KB
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- [[metadao]] - mechanism upgrade and treasury migration
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- [[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
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- [[futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject]] - demonstrates production adaptation
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