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>
48 lines
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2.4 KiB
Markdown
48 lines
No EOL
2.4 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund the Rug Bounty Program"
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domain: internet-finance
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status: passed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
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proposal_date: 2024-06-14
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resolution_date: 2024-06-17
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completed_date: 2024-06-19
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category: "grants"
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summary: "Proposal to fund RugBounty.xyz platform development with $5,000 USDC to help crypto communities recover from rug pulls through bounty-incentivized token migrations"
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tracked_by: rio
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created: 2026-03-11
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---
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# FutureDAO: Fund the Rug Bounty Program
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## Summary
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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.)".
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Proposal Number:** 2
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- **Created:** 2024-06-14
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- **Ended:** 2024-06-17
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- **Completed:** 2024-06-19
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## Budget Breakdown
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- Platform Development: $3,000 USDC
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- Website: $1,000 USDC
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- QA: $1,000 USDC
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- Operational Costs (API & Hosting): $1,000+ USDC
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- $FUTURE bounties: TBD based on project scope
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## Significance
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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.
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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.
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## Relationship to KB
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- [[futardio]] - governance decision expanding product suite
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- [[MetaDAO]] - parent futarchy infrastructure
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- 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 |