d0cfef7f52
- Source: inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
2.8 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | key_metrics | tracked_by | created | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Create Spot Market for META? | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b | 2024-01-12 | 2024-01-18 | treasury | Proposal to create public spot market for $META tokens through token sale at TWAP-based pricing with $75K hard cap and liquidity pool creation |
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rio | 2026-03-11 |
MetaDAO: Create Spot Market for META?
Summary
Proposal #3 sought to establish the first public spot market for $META tokens, enabling broader token access and liquidity. The sale structure used futarchy's own pricing mechanism: tokens would be sold at the TWAP of the passing proposal itself, creating a self-referential market pricing system. Approximately $35,000 of proceeds would seed a liquidity pool, with remaining funds allocated to operational reserves in $SOL.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Account: 9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
- DAO Account: 7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy
- Autocrat Version: 0.1
- Timeline: Created 2024-01-12, Completed 2024-01-18
Significance
This proposal demonstrates futarchy governing its own capital formation infrastructure. The TWAP-based pricing mechanism creates a recursive market structure where the decision market's output directly determines the token sale price. The proposal also encoded operational constraints: failure would have prevented public fundraising until March 12, 2024, showing how futarchy can handle time-sensitive treasury decisions with explicit contingency planning.
The $75K hard cap and structured LP allocation reveal that futarchy selects among pre-designed financial architectures rather than generating treasury structures from scratch—market mechanisms choose between options, but traditional financial planning still defines those options.
Relationship to KB
- metadao - treasury 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 - TWAP pricing mechanism in practice
- futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance - treasury structure design