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teleo-codex/decisions/internet-finance/metadao-migrate-autocrat-v02.md
m3taversal afe6312299 rio: decision records batch 2b — complete MetaDAO governance backfill (all 27) 
- What: Rewrote all 27 existing MetaDAO governance decision records with
  full verbatim proposal text, correct URLs, Summary & Connections
- Includes META-032 (DBA/Variant $6M OTC rejection) — previously had
  sparse summary, now has full proposal text + $879K volume data + pass/fail
  TWAP spread showing -64% pass vs +0.5% fail
- Combined with batch 1 (5 new), all 32 MetaDAO governance proposals
  are now complete with full text

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 13:41:34 +00:00

5.2 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tags tracked_by created last_updated
decision decision_market MetaDAO: Migrate Autocrat Program to v0.2? internet-finance passed metadao metadao HenryE, Proph3t https://v1.metadao.fi/metadao/trade/8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP 2024-03-28 2024-04-01 mechanism Proposal 16 — Major Autocrat upgrade. Three new features: reclaimable rent (~4 SOL back per proposal), conditional token merging, conditional token metadata. Config: pass threshold 5%→3%, TWAP increments $5 instead of 1%, lot size 1→0.1 META. OtterSec verified.
proposal_number proposal_account autocrat_version
16 8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP 0.1
metadao
autocrat
migration
v0.2
mechanism-upgrade
passed
rio 2026-03-11 2026-03-24

MetaDAO: Migrate Autocrat Program to v0.2?

Summary & Connections

Proposal 16 — major Autocrat v0.2 upgrade. Three new features: (1) reclaimable rent — get back ~4 SOL per proposal market creation, (2) conditional token merging — 1 pTOKEN + 1 fTOKEN = 1 TOKEN, improving liquidity with multiple active proposals, (3) conditional token metadata — tokens show names/logos in wallets instead of random mints. Config changes: pass threshold 5%→3%, TWAP default $100, $5 increments for manipulation resistance, lot size 1→0.1 META. All programs verified by OtterSec.

Outcome: Passed (~2024-04-01).

Connections:

  • The v0.1 → v0.2 migration addresses the specific problems identified in metadao-develop-amm-program-for-futarchy — particularly the state rent costs (reclaimable rent) and manipulation resistance (TWAP $5 increments)
  • Conditional token merging solves a capital efficiency problem: before this, having multiple active proposals fragmented liquidity because tokens were locked in each proposal's conditional vault
  • Pass threshold lowered from 5% to 3% — makes it easier for proposals to pass, reflecting confidence in the mechanism's maturity
  • This is the version that ran through the entire Q3 2024 - early 2025 period, including all the OTC trades, FaaS launch, and early ICOs
  • Unlike v0.1 migration (metadao-migrate-autocrat-v01), this one was verified by OtterSec — counterparty risk concern resolved

Full Proposal Text

Author(s)

HenryE, Proph3t

Overview

It's time to upgrade futarchy!

This upgrade includes three new features and a number of smaller config changes.

The features:

  • Reclaimable rent: you will now be able to get back the ~4 SOL used to create OpenBook proposal markets. This should lower the friction involved in creating proposals.
  • Conditional token merging: now, if you have 1 pTOKEN and 1 fTOKEN, you'll be able to merge them back into 1 TOKEN. This should help with liquidity when there are multiple proposals active at once.
  • Conditional token metadata: before, you would see conditional tokens in your wallet as random mint addresses. After this is merged, you should be able to see token names and logos, helping you identify what proposal they're a part of.

The config changes:

  • Lower pass threshold from 5% to 3%
  • Set default TWAP value to $100 instead of $1
  • Update TWAP in $5 increments instead of 1% increments, which enhances manipulation resistance while allowing the TWAP to be more accurate
  • Change minimum META lot sizes from 1 META to 0.1 META

The instruction attached to this proposal will migrate MetaDAO's assets over to the new autocrat program.

Programs:

  1. autocrat_v0 — metaRK9dUBnrAdZN6uUDKvxBVKW5pyCbPVmLtUZwtBp
  2. openbook_twap — twAP5sArq2vDS1mZCT7f4qRLwzTfHvf5Ay5R5Q5df1m
  3. conditional_vault — vAuLTQjV5AZx5f3UgE75wcnkxnQowWxThn1hGjfCVwP
  4. migrator — MigRDW6uxyNMDBD8fX2njCRyJC4YZk2Rx9pDUZiAESt

Each program verified by OtterSec API against the repos.

Verification details:

  • Old DAO: Autocrat metaX99, DAO 7J5y, Treasury ADCCEAbH8
  • New DAO: Autocrat metaRK9, DAO 14YsfUtP6, Treasury BC1jThSN7

Detailed Changelog:

Autocrat: Config changes (PR #69) — pass threshold 3%, TWAP $5 increments, default $100, lot size 0.1 META, 10-day market expiry minimum Conditional Vault: Token metadata (PR #52), token merging (PR #66) Openbook-TWAP: Dollar-based increments (commits d08fb13, a1cb709, fe159d2, PR #16), remove market expiry check (PR #20), pruning/closing/settling (PRs #18, #21) Migrator: Transfer four token accounts to new DAO (PR #68)

Raw Data

  • Proposal account: 8Fv5xHhJZGTrKjDdVYxEPMaSvPkqQEpXSSEhQJG8YKNP
  • Proposal number: 16
  • DAO account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
  • Proposer: (HenryE, Proph3t)
  • Autocrat version: 0.1 (migrating to 0.2)
  • Completed: ~2024-04-01

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