0da42ebbf1
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>
62 lines
No EOL
3.2 KiB
Markdown
62 lines
No EOL
3.2 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: Execute Creation of Spot Market for META?"
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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: "UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e"
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proposal_url: "https://www.futard.io/proposal/HyA2h16uPQBFjezKf77wThNGsEoesUjeQf9rFvfAy4tF"
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proposal_date: 2024-02-05
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resolution_date: 2024-02-10
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category: "treasury"
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summary: "Authorized 4,130 META transfer to 4/6 multisig to execute spot market creation through participant sale and liquidity pool establishment"
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key_metrics:
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meta_allocated: "4,130 META"
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sale_allocation: "3,100 META"
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lp_allocation: "1,000 META"
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usdc_paired: "35,000 USDC"
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initial_price: "35 USDC/META"
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multisig_compensation: "30 META (5 per member)"
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target_raise: "75,000 USDC"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Execute Creation of Spot Market for META?
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** UuGEwN9aeh676ufphbavfssWVxH7BJCqacq1RYhco8e
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- **Proposal Number:** 5
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- **Completed:** 2024-02-10
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- **Autocrat Version:** 0.1
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## Execution Structure
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The proposal established a 4/6 multisig containing Proph3t, Dean, Nallok, Durden, Rar3, and BlockchainFixesThis to execute a multi-step process:
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1. Collect demand through Google form
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2. Proph3t determines allocations
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3. Participants transfer USDC (Feb 5-7 deadline)
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4. Backfill unmet demand from waitlist (Feb 8)
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5. Multisig distributes META to participants, creates LP, and disbands (Feb 9)
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Token allocation breakdown:
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- 3,100 META to sale participants
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- 1,000 META paired with 35,000 USDC for liquidity pool
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- 30 META as multisig member compensation (5 META each)
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## Significance
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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."
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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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## Relationship to KB
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- [[metadao]] - parent entity, treasury operation
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- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - governance mechanism
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] - operational pattern
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- [[meteora]] - liquidity pool platform |