a4b8eb31b3
- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.2 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 | MetaDAO: Create Spot Market for META? | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b | 2024-01-12 | 2024-01-18 | treasury | Proposal to create a spot market for $META tokens through public sale with TWAP-based pricing and liquidity pool allocation | rio | 2026-03-11 |
MetaDAO: Create Spot Market for META?
Summary
This proposal initiated the creation of a spot market for $META tokens by conducting a public token sale priced at the TWAP of the passing proposal. The sale had a $75,000 hard cap, with approximately $35,000 allocated to creating a liquidity pool and remaining funds reserved for operational funding in $SOL. The proposal passed and completed on 2024-01-18.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 3
- Created: 2024-01-12
- Completed: 2024-01-18
- Hard Cap: $75,000
- LP Allocation: ~$35,000
Significance
This was MetaDAO's third proposal and represented a critical treasury management decision using futarchy to govern token distribution and liquidity provision. The proposal demonstrated MetaDAO's willingness to use its own governance mechanism for operational decisions beyond just strategic direction. The TWAP-based pricing mechanism applied the same settlement logic used for proposal resolution to the token sale itself, creating consistency between governance and execution.
The proposal also included a temporal constraint: if it failed, MetaDAO would be unable to raise funds from public markets until March 12, 2024, creating real stakes for the decision.
Relationship to KB
- metadao - treasury and liquidity management decision
- 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 - demonstrates TWAP mechanism applied to token sale pricing