6a80039f2c
- Source: inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
2.3 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 | COAL: Establish Development Fund? | internet-finance | failed | coal | futardio | AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r | https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U | 2024-12-05 | 2024-12-08 | treasury | Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing | rio | 2026-03-11 |
COAL: Establish Development Fund?
Summary
Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
Market Data
- Outcome: Failed
- Proposer: AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
- Proposal Account: DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Duration: 2024-12-05 to 2024-12-08
- Daily Allocation Proposed: 472.5 COAL (4.2% of 11,250 COAL/day base rate)
Significance
This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support.
The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor?
Relationship to KB
- Related to futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — COAL attempted to add issuance authority post-launch
- Related to MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions — this was a contested decision that still failed