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teleo-codex/decisions/internet-finance/metadao-increase-meta-liquidity-dutch-auction.md
m3taversal 1a31bc0f4d rio: Dean's List, ORE, coal full text + URL migration (75 files) 
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>
2026-03-24 14:58:28 +00:00

2.7 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_account proposal_number proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market MetaDAO: Increase META Liquidity via a Dutch Auction internet-finance passed metadao futardio prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ https://v1.metadao.fi/MetaDAO/trade/Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT 10 2024-02-26 2024-03-02 treasury Sell 1,000 META via manual Dutch auction on OpenBook to acquire USDC for liquidity pairing on Meteora
meta_sold meta_for_liquidity total_meta_requested compensation_meta multisig_size
1,000 2,000 3,005.45 5.45 3/5
rio 2026-03-11

MetaDAO: Increase META Liquidity via a Dutch Auction

Summary

Proposal to address META's low liquidity and high volatility by selling 1,000 META through a manual Dutch auction executed on OpenBook, then pairing the acquired USDC with META to provide liquidity on Meteora's fee pools. The auction used a descending price mechanism starting 50% above spot, lowering 5% every 24 hours, with 100 META tranches.

Market Data

  • Outcome: Passed
  • Proposer: prdUTSLQs6EcwreBtZnG92RWaLxdCTivZvRXSVRdpmJ
  • Proposal Account: Dn638yPirR3e2UNNECpLNJApDhxsjhJTAv9uEd9LBVVT
  • Proposal Number: 10
  • Autocrat Version: 0.1
  • Created: 2024-02-26
  • Completed: 2024-03-02

Mechanism Design

  • Manual Dutch auction via OpenBook
  • 100 META tranches, starting 50% above spot price
  • Price reduction: 5% every 24 hours if >6% above spot
  • New asks placed 10% above spot when filled
  • 3/5 multisig execution (LMRVapqnn1LEwKaD8PzYEs4i37whTgeVS41qKqyn1wi)
  • Final liquidity moved to Meteora 1% fee pool

Compensation Structure

Sealed-bid auction for multisig positions:

  • Ben H: 0 META
  • Nico: 0 META
  • joebuild: 0.2 META
  • Dodecahedr0x: 0.25 META
  • Proposal creator (Durden): 5 META
  • Total: 5.45 META

Significance

Demonstrates futarchy-governed treasury management with minimal governance overhead. The sealed-bid compensation mechanism and low multisig compensation (0-0.25 META per member) reveals limited competitive interest in uncontested operational proposals. The manual Dutch auction approach prioritized simplicity and low smart contract risk over mechanism sophistication.

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