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teleo-codex/entities/internet-finance/metadao-develop-saber-vote-market.md
Teleo Agents ccca1f791f rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md 
- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 13:37:32 +00:00

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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created
entity decision_market MetaDAO: Develop a Saber Vote Market? internet-finance passed metadao futardio Proph3t (metaproph3t) https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM 2023-12-16 2023-12-22 strategy Proposal to build vote market infrastructure for Saber protocol funded by $150k consortium rio 2026-03-11

MetaDAO: Develop a Saber Vote Market?

Summary

Proposal 2 requested MetaDAO build a vote market platform for Saber protocol, funded by $150,000 from ecosystem partners (UXD, BlazeStake, LP Finance, Saber). The platform would enable veSBR holders to earn yield by selling votes while projects could efficiently purchase liquidity. MetaDAO would own majority stake and earn 5-15% take rate on vote trade volume. This represented MetaDAO's pivot from pure governance platform to revenue-generating infrastructure provider.

Market Data

  • Outcome: Passed
  • Proposer: Proph3t (metaproph3t)
  • Proposal Account: GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
  • DAO Account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
  • Autocrat Version: 0.1
  • Funding: $150,000 consortium (UXD, BlazeStake, LP Finance, Saber)
  • Development Budget: $62,000
  • Treasury Allocation: $90,000 for operations/maintenance

Financial Model

  • Revenue Model: 5-15% take rate on vote trade volume
  • Volume Estimate: $1 yearly vote trade per $50 Saber TVL (based on Curve/Aura comparables)
  • Saber TVL (Dec 2023): $20M
  • Projected Annual Volume: ~$400k at baseline
  • MetaDAO Ownership: 65% (after 10% liquidity mining allocation)

Development Team

  • Matt/fzzyyti: Smart contracts ($24k)
  • Marie (swagy_marie): UI/UX ($12k)
  • Durden: Platform design ($7k)
  • Proph3t: Program management ($7k)
  • Joe & r0bre: Security audit ($5k each)

Timeline

  • Kickoff: December 11-15, 2023
  • Development: December 18 - February 9, 2024 (with holiday break)
  • Audit: January 29 - February 2, 2024
  • Launch Target: February 19, 2024

Significance

This proposal marked MetaDAO's strategic evolution from governance-only platform to infrastructure-as-a-service provider. By building revenue-generating products for partner protocols, MetaDAO demonstrated futarchy could govern not just internal decisions but external product development. The consortium funding model showed multi-stakeholder coordination around futarchy infrastructure. The financial projections based on Curve/Votium/Hidden Hand comparables represented first attempt to model vote market economics in Solana DeFi context.

Context

Proposal referenced MetaDAO's original Proposal 0 (Marinade vote market) which passed but pivoted when Marinade developed internal solution. Saber partnership emerged when c2yptic approached MetaDAO to build what Saber had planned internally, showing protocol preference for futarchy-governed infrastructure over internal development.

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