c91ecaf2b6
- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
2.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | completed_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FutureDAO: Fund the Rug Bounty Program | internet-finance | passed | futardio | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt | 2024-06-14 | 2024-06-17 | 2024-06-19 | grants | Proposal to fund RugBounty.xyz platform development with $5,000 USDC to help crypto communities recover from rug pulls through bounty-incentivized token migrations | rio | 2026-03-11 |
FutureDAO: Fund the Rug Bounty Program
Summary
Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising >60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 2
- Created: 2024-06-14
- Ended: 2024-06-17
- Completed: 2024-06-19
Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs (API & Hosting): $1,000+ USDC
- $FUTURE bounties: TBD based on project scope
Significance
This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, extending their Token Migration tool with a bounty-based incentive layer. The program creates a structured mechanism for value recovery that could establish FutureDAO as essential crisis response infrastructure in the Solana ecosystem.
The bounty structure (rewarding "pirates" who successfully onboard rugged communities) is a novel application of futarchy-governed capital to community organizing, treating rug pull recovery as a coordination problem with financial incentives.
Relationship to KB
- futardio - governance decision expanding product suite
- MetaDAO - parent futarchy infrastructure
- Related to futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance - treasury allocation through market governance