3.1 KiB
| type | entity_type | name | domain | status | tracked_by | created | last_updated | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tags | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Migrate META Token | internet-finance | passed | rio | 2026-03-11 | 2026-03-11 | metadao | futardio | Proph3t & Kollan | https://www.futard.io/proposal/4grb3pea8ZSqE3ghx76Fn43Q97mAh64XjgwL9AXaB3Pe | 2025-08-07 | 2025-08-10 | mechanism | 1:1000 token split, mintable supply, new DAO v0.5 (Squads), LP fee reduction from 4% to 0.5% |
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MetaDAO: Migrate META Token
Summary
Migration from METAC (unmintable, ~20K supply) to new META token (mintable, ~20.86M supply via 1:1000 split). Mint and update authority transferred to new DAO governed via Squads vault (v0.5). Protocol-owned liquidity fee reduced from 4% to 0.5%. New DAO passing threshold reduced to 1.5%, monthly spending limit set at $120K. Migration contract deployed as permanent one-way conversion. New META token: METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta. New DAO: Bc3pKPnSbSX8W2hTXbsFsybh1GeRtu3Qqpfu9ZLxg6Km.
Market Data
- Outcome: Passed (2025-08-10)
- Autocrat version: 0.3
- Key participants: Proph3t (co-author), Kollan (co-author)
Significance
This is the resolution of the mintable-token saga that began with the 99.3% burn (metadao-burn-993-percent-meta), continued through the failed community proposal (metadao-token-split-elastic-supply), and culminated here. The DAO's treasury was exhausted (as the burn had predicted), forcing the migration to mintable tokens.
Key architectural decisions: (1) mint authority to DAO governance, not any multisig — "market-driven issuance" as extension of market-driven decision-making; (2) Squads integration for operational security; (3) LP fee reduction from 4% to 0.5% anticipating the custom Futarchic AMM; (4) permanent migration contract with unlimited conversion window, avoiding forced timelines.
The proposal explicitly frames mintable supply as philosophically consistent with futarchy: "Futarchy is market-driven decision making. To stay true to that principle, it also requires market-driven issuance." This is the strongest empirical evidence for the claim that futarchy DAOs require mintable governance tokens — the fixed-supply model broke in practice.
Relationship to KB
- metadao — token architecture migration
- metadao-burn-993-percent-meta — the burn that created the need for this migration
- metadao-token-split-elastic-supply — the earlier failed community version
- futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — primary evidence for this claim
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — 1:1000 split addresses unit bias
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