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>
78 lines
3.7 KiB
Markdown
78 lines
3.7 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "IslandDAO: Implement 3-Week Vesting for DAO Payments"
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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: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2"
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proposal_url: "https://v1.metadao.fi/deans-list/trade/C2Up9wYYJM1A94fgJz17e3Xsr8jft2qYMwrR6s4ckaKK"
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proposal_date: 2024-12-16
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resolution_date: 2024-12-19
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category: "treasury"
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summary: "Linear 3-week vesting for all DAO payments to reduce sell pressure from 80% immediate liquidation to 33% weekly rate"
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key_metrics:
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weekly_payments: "3,000 USDC"
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previous_sell_rate: "80% (2,400 USDC/week)"
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post_vesting_sell_rate: "33% (1,000 USDC/week)"
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sell_pressure_reduction: "58%"
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projected_valuation_increase: "15%-25%"
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pass_threshold_mcap: "533,500 USDC"
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baseline_mcap: "518,000 USDC"
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tracked_by: rio
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created: 2026-03-11
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---
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# IslandDAO: Implement 3-Week Vesting for DAO Payments
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## Summary
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Proposal to implement linear 3-week vesting for all DAO payments (rewards, compensation) via token streaming contracts. Aimed to reduce immediate sell pressure from 80% of payments being liquidated weekly (2,400 USDC of 3,000 USDC) to 33% weekly rate (1,000 USDC), a 58% reduction. Projected 15%-25% valuation increase through combined sell pressure reduction (10%-15% price impact) and improved market sentiment (5%-10% demand growth).
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
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- **Resolution:** 2024-12-19
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- **Pass Threshold:** 533,500 USDC MCAP (baseline 518,000 + 3%)
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## Mechanism Details
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- **Vesting Schedule:** Linear unvesting starting day 1 over 3 weeks
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- **Implementation:** Token streaming contract
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- **Target:** All DAO payments (rewards, compensation)
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- **Rationale:** Discourage market manipulation, support price growth, align recipient incentives
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## Significance
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Demonstrates futarchy-governed treasury operations addressing sell pressure dynamics. The proposal included sophisticated market impact modeling: 80% immediate liquidation rate, weekly payment flows (3,000 USDC), sell pressure as percentage of market cap (0.81% reduction over 3 weeks), and price elasticity estimates (1%-2% supply reduction → 10%-20% price increase). Shows how DAOs use vesting as tokenomic stabilization rather than just alignment mechanism.
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## Relationship to KB
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- [[deans-list]] - treasury governance decision
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- [[time-based-token-vesting-is-hedgeable-making-standard-lockups-meaningless-as-alignment-mechanisms-because-investors-can-short-sell-to-neutralize-lockup-exposure-while-appearing-locked]] - vesting as sell pressure management
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- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - proposal complexity example
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## Full Proposal Text
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*Source: futard.io, tabled 2024-12-16*
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### Summary
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Introduces a 3-week vesting period for all DAO payments, where payments unvest linearly starting from day 1.
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### Rationale
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1. Discourage Market Manipulation: Vesting prevents immediate liquidation
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2. Support Price Growth: Slowed token release creates buffer period for price stabilization
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### Implementation
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- All payments vest over 3-week period with linear daily schedule
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- Distributed via token streaming contract
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### Valuation Assumptions
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- Current selling pressure: 80% (2,400 USDC of 3,000 USDC weekly payments sold immediately)
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- With vesting: only 33% liquidated each week (1,000 USDC), reducing sell pressure by 1,400 USDC/week
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### Projected Outcomes
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| Scenario | Price Increase | New Valuation | Increase |
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|----------|---------------|---------------|----------|
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| Conservative | 15% | 595.7k | 77.7k |
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| Optimistic | 25% | 647.5k | 129.5k |
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### TWAP Calculation
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- Current MCAP + 3% = 518,000 + 15,540 = 533,500
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