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teleo-codex/decisions/internet-finance/metadao-execute-creation-of-spot-market-for-meta.md
Teleo Agents 0da42ebbf1 schema: move 68 decision_market entities to decisions/internet-finance/ 
Separates governance decisions from entities. decision_market type replaced
by type: decision in new decisions/ directory. Entities (companies, people,
protocols) remain in entities/{domain}/.

Architecture: Leo (schema), Rio (taxonomy), Ganymede (migration), Rhea (ops)
Implemented by: Epimetheus

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>
2026-03-16 17:31:07 +00:00

3.2 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
decision decision_market MetaDAO: Execute Creation of Spot Market for META? internet-finance passed metadao futardio UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF 2024-02-05 2024-02-10 treasury Authorized 4,130 META transfer to 4/6 multisig to execute spot market creation through participant sale and liquidity pool establishment
meta_allocated sale_allocation lp_allocation usdc_paired initial_price multisig_compensation target_raise
4,130 META 3,100 META 1,000 META 35,000 USDC 35 USDC/META 30 META (5 per member) 75,000 USDC
rio 2026-03-11

MetaDAO: Execute Creation of Spot Market for META?

Summary

This proposal authorized the transfer of 4,130 META tokens to a 4/6 multisig to execute the creation of a spot market for META tokens. The execution plan involved coordinating a private sale to raise 75,000 USDC, then using 1,000 META paired with 35,000 USDC to create a liquidity pool on Meteora, setting an initial spot price of 35 USDC per META.

Market Data

  • Outcome: Passed
  • Proposer: UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
  • Proposal Number: 5
  • Completed: 2024-02-10
  • Autocrat Version: 0.1

Execution Structure

The proposal established a 4/6 multisig containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a multi-step process:

  1. Collect demand through Google form
  2. Proph3t determines allocations
  3. Participants transfer USDC (Feb 5-7 deadline)
  4. Backfill unmet demand from waitlist (Feb 8)
  5. Multisig distributes META to participants, creates LP, and disbands (Feb 9)

Token allocation breakdown:

  • 3,100 META to sale participants
  • 1,000 META paired with 35,000 USDC for liquidity pool
  • 30 META as multisig member compensation (5 META each)

Significance

This proposal demonstrates the operational scaffolding required for futarchy-governed treasury operations. The proposal explicitly acknowledged "no algorithmic guarantee" of execution, instead relying on reputational incentives: "it's unlikely that 4 or more of the multisig members would be willing to tarnish their reputation in order to do something different."

The execution model shows futarchy DAOs using human-operated multisigs with social enforcement for operational tasks even when the governance decision itself is market-determined. This represents a pragmatic hybrid between algorithmic governance and traditional operational execution.

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