cd7927a96b
- Source: inbox/archive/2024-02-20-futardio-proposal-develop-multi-option-proposals.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
3.3 KiB
| 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 Multi-Option Proposals? | internet-finance | failed | metadao | futardio | agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX) | https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht | 2024-02-20 | 2024-02-25 | mechanism | Proposal to develop multi-modal proposal functionality for MetaDAO, enabling multiple mutually-exclusive outcomes beyond binary pass/fail | rio | 2026-03-11 |
MetaDAO: Develop Multi-Option Proposals?
Summary
Proposal by agrippa to develop multi-modal proposal functionality for MetaDAO's Autocrat program, allowing proposals with multiple mutually-exclusive outcomes rather than only binary pass/fail. Requested 200 META compensation across 4 milestones (conditional vault program, futarch integration, frontend integration, plus immediate payment). Proposal failed despite technical merit and detailed implementation plan.
Market Data
- Outcome: Failed
- Proposer: agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)
- Proposal Account: J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
- Created: 2024-02-20
- Completed: 2024-02-25
- Compensation Requested: 200 META across 4 milestones
- Multisig Review: 3/5 multisig (Proph3t, DeanMachine, 0xNallok, LegalizeOnionFutures, sapphire)
Significance
This proposal is significant for futarchy mechanism design because it addresses a fundamental limitation of binary futarchy: the inability to evaluate multiple alternatives simultaneously. The proposer estimated multi-option functionality would add ~12% to DAO value through increased decision bandwidth (+5%), pork-barrel reduction (+5%), and innovation credibility (+2%).
The proposal's failure despite technical merit and detailed planning suggests either:
- Markets priced the feature as less valuable than the proposer estimated
- Markets doubted the proposer's ability to deliver
- Markets believed 200 META was overpriced for the work
- Low liquidity prevented accurate price discovery
The proposal demonstrates sophisticated understanding of futarchy architecture, noting that "conditional markets do not compete with each other over liquidity" and that there is "no need to hard-limit the number of conditions in a conditional vault."
Proposer Background
Agrippa presented strong credentials:
- Lead developer on Solana Labs' governance-ui (Realms frontend) for 1 year
- Developed first conditional tokens vault on Solana (Precogparty, FTX grant-funded)
- Research at Cornell's Initiative for Cryptocurrency and Contracts
- Started one of the first high-school blockchain clubs (2014)
- Met with Proph3t in Greece (December 2023) for 3-hour discussion on futarchy
Relationship to KB
- metadao — parent entity, governance decision
- 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 — mechanism being extended
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — proposal complexity as adoption barrier