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>
59 lines
3.4 KiB
Markdown
59 lines
3.4 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "COAL: Establish Development Fund?"
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domain: internet-finance
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status: failed
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parent_entity: "coal"
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platform: "futardio"
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proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
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proposal_url: "https://v1.metadao.fi/coal/trade/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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proposal_date: 2024-12-05
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resolution_date: 2024-12-08
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category: "treasury"
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summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
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tracked_by: rio
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created: 2026-03-11
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---
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# COAL: Establish Development Fund?
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## Summary
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Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
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- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Duration:** 2024-12-05 to 2024-12-08
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- **Daily Allocation Proposed:** 472.5 COAL (4.2% of 11,250 COAL/day base rate)
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## Significance
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This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support.
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The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor?
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## Relationship to KB
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- Related to [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — COAL attempted to add issuance authority post-launch
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- Related to [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — this was a contested decision that still failed
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## Full Proposal Text
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*Source: futard.io, tabled 2024-12-05*
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Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
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To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**.
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This fund will:
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- Support on-going protocol development and innovation
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- Reward community-driven initiatives and contributions
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- Enable marketing and growth initiatives to expand the $COAL ecosystem
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**Details:**
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The emissions allocation will be 4.2% of the current mining emission rate: 11,250 * 0.042 = 472.5 (development allocation per day).
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To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. Future emission rate adjustments will integrate this allocation into the base rate.
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The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures tracked and shared publicly.
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