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- 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>
55 lines
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3.3 KiB
Markdown
55 lines
No EOL
3.3 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Develop Multi-Option Proposals?"
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domain: internet-finance
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status: failed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)"
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proposal_url: "https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht"
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proposal_date: 2024-02-20
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resolution_date: 2024-02-25
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category: "mechanism"
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summary: "Proposal to develop multi-modal proposal functionality for MetaDAO, enabling multiple mutually-exclusive outcomes beyond binary pass/fail"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Develop Multi-Option Proposals?
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)
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- **Proposal Account:** J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
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- **Created:** 2024-02-20
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- **Completed:** 2024-02-25
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- **Compensation Requested:** 200 META across 4 milestones
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- **Multisig Review:** 3/5 multisig (Proph3t, DeanMachine, 0xNallok, LegalizeOnionFutures, sapphire)
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## Significance
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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%).
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The proposal's failure despite technical merit and detailed planning suggests either:
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1. Markets priced the feature as less valuable than the proposer estimated
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2. Markets doubted the proposer's ability to deliver
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3. Markets believed 200 META was overpriced for the work
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4. Low liquidity prevented accurate price discovery
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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."
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## Proposer Background
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Agrippa presented strong credentials:
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- Lead developer on Solana Labs' governance-ui (Realms frontend) for 1 year
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- Developed first conditional tokens vault on Solana (Precogparty, FTX grant-funded)
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- Research at Cornell's Initiative for Cryptocurrency and Contracts
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- Started one of the first high-school blockchain clubs (2014)
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- Met with Proph3t in Greece (December 2023) for 3-hour discussion on futarchy
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## Relationship to KB
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- [[metadao]] — parent entity, governance decision
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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]] — mechanism being extended
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — proposal complexity as adoption barrier |