m3taversal
1a31bc0f4d
Changes that missed PR #1750 merge: Dean's List (8 records): - 6 full text backfills + 2 new (Treasury De-Risking, Liquidity Fee Structure) ORE (4 records): - 2 full text backfills + 2 new (USDC-ORE Boost, Sublinear Supply Function) coal (4 records): - 4 full text backfills URL migration (75 files): - All proposal_url fields migrated from dead futard.io to v1.metadao.fi - Pattern: futard.io/proposal/{key} → v1.metadao.fi/{project}/trade/{key} - futard.io returns 404; v1.metadao.fi returns 200 Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
3.2 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | Coal: Cut emissions by 50%? | internet-finance | passed | coal | futardio | proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 | https://v1.metadao.fi/coal/trade/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy | 2024-11-13 | 2024-11-17 | mechanism | Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments | rio | 2026-03-11 |
Coal: Cut emissions by 50%?
Summary
This proposal halved the Coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from approximately 110% to 56%. The proposal also established a framework for bi-monthly decision markets to guide future emission rate adjustments, replacing the original post-launch schedule that was intended as temporary.
Market Data
- Outcome: Passed
- Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- Created: 2024-11-13
- Completed: 2024-11-17
- Proposal Number: 1
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Autocrat Version: 0.3
Significance
This represents Coal's first major governance decision using futarchy to manage token economics. The proposal demonstrates futarchy being used for dynamic monetary policy adjustment rather than one-time decisions. By establishing bi-monthly decision markets for emission rates, Coal is implementing continuous governance over a critical economic parameter.
The original emission schedule included automatic halvings at 5% circulating supply increases, but this was explicitly temporary. Moving to market-governed adjustments represents a shift from algorithmic to futarchic monetary policy.
Relationship to KB
- coal - parent entity, first major governance decision
- futardio - platform hosting the decision market
- dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution - related mechanism concept
Full Proposal Text
Source: futard.io, tabled 2024-11-13
Under the current schedule, the target emission rate halves with each 5% increase in the circulating supply. Following six halvings, the current emission target is 15.625 per minute (22,500 per day), resulting in an approximate annual inflation rate of 110%.
According to this schedule, the next halving will occur at a circulating supply of 7,350,000, lowering the emission target to 7.8125 per minute (11,250 per day) and reducing the annual inflation rate to about 56%.
This schedule was initially established after launch as a temporary framework and was never intended to be a long-term solution.
Moving forward, we'll conduct bi-monthly decision markets to guide adjustments to the emission rate.
Details: If this proposal passes, the emission rate will be fixed at a target of 7.8125 per minute. If it fails, the rate will remain at the current target of 15.625 per minute.
A follow-up decision market will be held in early January, approximately two months from now, to determine the next rate adjustment.