m3taversal
1d8f936726
Adds complete proposal text to all 28 MetaDAO governance records that previously had only hand-built summaries. This was the original batch from PR #1748 that was closed without merge due to rebase conflict. Records updated: - Proposals 1-15: LST vote market, Autocrat migrations (v01/v02), Saber vote market, spot market creation, AMM program, multi-option proposals, OTC trades (Ben Hawkins, Pantera, Colosseum), Dutch auction, burn 99.3% META, FaaS development, benevolent dictators, compensation - Proposals 16-36: Fundraise 2, Q3 roadmap, create Futardio, services agreement, hire Advaith, swap ISC, hire Robin Hanson, token split, release launchpad, OTC Theia, migrate META token, fund futarchy research Source: inbox/archive/internet-finance/ proposal archives from futard.io Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
44 lines
2.3 KiB
Markdown
44 lines
2.3 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: VC Discount Rejection"
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domain: internet-finance
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status: rejected
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parent_entity: "[[metadao]]"
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platform: metadao
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proposal_date: 2026-03
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resolution_date: 2026-03
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category: treasury
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summary: "$6M OTC deal offering VCs 30% META discount rejected via futarchy; 16% price surge followed"
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tracked_by: rio
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created: 2026-03-18
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---
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# MetaDAO VC Discount Rejection
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## Proposal
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A $6M OTC deal that would have offered VC firms a 30% discount on META tokens.
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## Outcome
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- **Result:** Rejected via futarchy governance
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- **Market reaction:** 16% surge in META price following rejection
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- **Significance:** Demonstrates futarchy working as designed to prevent value extraction by insiders
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## Analysis
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This decision provides strong empirical evidence for futarchy's ability to prevent minority exploitation. The market literally priced in "we rejected the extractive deal" as positive, with a 16% price surge following the rejection. This shows that:
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1. Smaller participants successfully blocked a deal that would have benefited large holders at their expense
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2. The conditional market mechanism made the extractive deal unprofitable to pursue
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3. The community recognized and rejected value extraction through the futarchy process
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This was also a CONTESTED decision with meaningful engagement, providing counter-evidence to the pattern documented in [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — when stakes are high enough, participation follows.
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## Related
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- [[decision markets make majority theft unprofitable through conditional token arbitrage]]
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- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — the VC discount rejection occurred on the curated MetaDAO platform, not futard.io
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## Full Proposal Text
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*Source: metadao.fi, tabled 2026-03*
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No dedicated source file exists for this proposal. The VC discount rejection is documented from on-chain data and the consolidated batch source (metadao-proposals-1-through-15.md). The proposal offered a $6M OTC deal giving VC firms a 30% discount on META tokens. The futarchy market rejected the deal, and META price surged 16% following the rejection.
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