m3taversal
e8016cf013
Completes full proposal text backfill for all non-MetaDAO decision records. Futardio proposals (3): - futardio-proposal-1 (test, Failed 2024-05-27) - futardio-fund-rug-bounty-program (Passed 2024-06-14) - futardio-approve-budget-pre-governance-hackathon (Passed 2024-08-30) FutureDAO (1): - futuredao-initiate-liquidity-farming-raydium (Passed 2024-11-08) Dean's List/IslandDAO (1): - islanddao-treasury-proposal (Passed 2024-10-10) Futardio launches — successful (3): - avici-futardio-launch ($34.2M committed, $3.5M raised, 2025-10-14) - paystream-futardio-fundraise ($6.1M committed, $750K raised, 2025-10-23) - superclaw-futardio-fundraise ($5.95M committed, 119x oversubscribed, 2026-03-04) Futardio launches — failed (10): - digifrens ($6.6K/200K, 2026-03-03) - git3 ($28.3K/100K, 2026-03-05) - hurupay ($2M/3M, 2026-02-03) - insert-coin-labs ($2.5K/50K, 2026-03-05) - island ($250/50K, 2026-03-04) - manna-finance ($205/120K, 2026-03-03) - runbookai ($3.6K/350K, 2026-03-05) - salmon-wallet (refunding, 2026-02-22) - seekervault ($2.1K/75K, 2026-03-04) - versus ($5.3K/500K, 2026-03-03) Other (3): - mtncapital-wind-down (first futarchy liquidation, ~Sep 2025) - test-dao-testing-indexer-changes (test, 2025-07-02) - the-meme-is-real (test, 2026-03-03) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
107 lines
No EOL
4.2 KiB
Markdown
107 lines
No EOL
4.2 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "IslandDAO: Treasury Proposal (Dean's List Proposal)"
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domain: internet-finance
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status: passed
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parent_entity: "[[deans-list]]"
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platform: "futardio"
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proposer: "futard.io"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h"
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proposal_date: 2024-10-10
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resolution_date: 2024-10-14
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category: "treasury"
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summary: "Establish treasury reserve funded by 2.5% of USDC payments with risk-scored asset allocation and quarterly performance reviews"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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reserve_funding: "2.5% of all USDC payments"
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portfolio_split: "80% safe assets (RS >= 0.5), 20% risky assets (RS <= 0.5)"
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performance_fee: "5% of quarterly profit, 3-month vesting"
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twap_requirement: "3% increase (523k to 539k USDC MCAP)"
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target_dean_price: "0.005383 USDC (from 0.005227)"
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---
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# IslandDAO: Treasury Proposal (Dean's List Proposal)
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## Summary
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Proposal to establish a treasury reserve for Dean's List DAO funded by allocating 2.5% of all USDC payments received. Treasury managed by Kai (@DeFi_Kai) with quarterly performance reviews and community oversight. Funds held in Mango Delegate Account via Realms with risk-scored asset allocation framework (80/20 safe/risky split).
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** futard.io
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- **Proposal Account:** 8SwPfzKhaZ2SQfgfJYfeVRTXALZs2qyFj7kX1dEkd29h
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- **DAO Account:** 9TKh2yav4WpSNkFV2cLybrWZETBWZBkQ6WB6qV9Nt9dJ
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- **Autocrat Version:** 0.3
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- **Created:** 2024-10-10
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- **Completed:** 2024-10-14
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## Mechanism Design
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### Risk Scoring Framework
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Assets evaluated using weighted risk score (Rs) formula:
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- Volatility Weight: 0.4
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- Liquidity Risk Weight: 0.2
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- Market Cap Risk Weight: 0.3
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- Drawdown Risk Weight: 0.1
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Assets with RS >= 0.5 classified as safe, RS <= 0.5 as risky. Portfolio maintains 80/20 safe/risky allocation.
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### Governance Structure
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- Treasury Manager: Kai (@DeFi_Kai)
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- Quarterly performance reviews required
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- Community input on asset diversification
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- Performance fee: 5% of quarterly profit with 3-month vesting
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### Asset Whitelisting Process
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New assets must:
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1. Increase overall returns
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2. Offer diversification when required
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3. Replace similar asset with lower risk score
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Weight assessed to achieve highest safe returns.
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## Deliverables (First Quarter)
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1. Define "rainy day" scenarios with community
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2. Produce treasury reports covering:
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- Treasury growth metrics
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- Asset allocation and diversification
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- Expected return calculations
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- Sharpe Ratio for risk-adjusted performance
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- Maximum drawdown analysis
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- Actual vs expected returns
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- Risk management summary
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## Significance
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First futarchy-governed treasury management proposal with formalized risk scoring framework. Demonstrates evolution from simple pass/fail decisions to complex financial governance with quantitative risk assessment and performance accountability.
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## Relationship to KB
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- [[deans-list]] - parent organization
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- [[futardio]] - governance platform
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- [[metadao]] - futarchy infrastructure provider
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Topics:
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- [[domains/internet-finance/_map]]
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## Full Proposal Text
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*Source: futard.io, tabled 2024-10-10*
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Establish a reserve within the Dean's List treasury on Realms for financial stability and long-term growth. Funded by allocating 2.5% of all USDC payments received by the DAO.
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**Treasury Management:** Managed by Kai (@DeFi_Kai) with quarterly performance reviews. Reserved funds held in Mango Delegate Account via Realms. Diversification options: USDY (yield-bearing USD) and JLP (Jupiter Liquidity Pools).
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**Risk Scoring Framework:**
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Rs = (w1·Volatility) + (w2·Liquidity Risk) + (w3·Market Cap Risk) + (w4·Historical Drawdown Risk)
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- Volatility Weight: 0.4
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- Liquidity Risk: 0.2
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- Market Cap Risk: 0.3
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- Drawdown Risk: 0.1
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- Assets Rs ≤ 0.5 are risky; Rs ≥ 0.5 are safer
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- Portfolio: 80/20 split (80% safe, 20% risky)
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**Performance Fee:** 5% of quarterly profit with 3-month vesting.
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**TWAP Requirement:** Current MCAP 523K USDC → target 539K USDC (3% increase). $DEAN price: 0.005227 → 0.005383.
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**First Quarter Deliverables:** Define rainy day scenarios, produce initial treasury reports (growth, allocation, expected returns, Sharpe ratio, max drawdown, risk management summary). |