be11dfb785
- Source: inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
60 lines
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3.2 KiB
Markdown
60 lines
No EOL
3.2 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW"
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proposal_date: 2024-03-26
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resolution_date: 2024-03-31
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category: "strategy"
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summary: "Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor payments to accelerate decision-making during a critical juncture."
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key_metrics:
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compensation_requested: "1015 META and 100,000 USDC"
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term_duration: "3 months (April-June 2024)"
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retroactive_period: "4 months (December 2023-March 2024)"
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monthly_average: "145 META and $14,000"
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estimated_failure_impact: ">20% decrease in MetaDAO success probability"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months
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## Summary
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This proposal appointed Proph3t and Nallok as "Benevolent Dictators For 3 Months" (BDF3M) to bypass the slow proposal process and accelerate MetaDAO's execution during a critical period. The appointment covered retroactive compensation for December 2023-March 2024 and forward-looking compensation through June 2024, totaling 1015 META and 100,000 USDC.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Resolution:** 2024-03-31
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- **Proposal Number:** 14
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## Authority Granted
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The BDF3M role included:
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- Retroactive compensation for all contributions prior to the proposal
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- Managing ongoing business operations (off-chain proposal process, project management, expenses)
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- Compensation for current contributors including incentive-based components
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- Improving security and efficacy of the core futarchy mechanism
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- Providing monthly updates to the MetaDAO community
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- Making exceptional use grants for MetaDAO's code licenses
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## OKRs
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- Execute faster: Complete 10 GitHub issues per week
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- Handle retroactive compensation within 1 week of proposal passing
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- Oversee creation of new landing page
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- Perform operations compensation for April-June 2024
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## Significance
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This proposal represents a critical governance moment where MetaDAO acknowledged that its own futarchy mechanism was "too slow and costly" for operational decisions. The team estimated that failure would decrease MetaDAO's success probability by over 20%, indicating existential stakes. The proposal effectively created a temporary executive layer above the futarchy, revealing tension between decentralized decision-making ideals and operational velocity requirements.
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The compensation structure (META issued in 5-year locked form) and the use of multisigs rather than direct treasury withdrawals show pragmatic workarounds to technical and economic constraints in the futarchy implementation.
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## Relationship to KB
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- [[metadao]] - governance decision establishing temporary executive authority
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- [[proph3t]] - appointed benevolent dictator
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- [[nallok]] - appointed benevolent dictator
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- [[futardio]] - platform where proposal was executed |