m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
73 lines
3 KiB
Markdown
73 lines
3 KiB
Markdown
---
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type: source
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title: "Futardio: Establish Development Fund?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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date: 2024-12-05
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: coal
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- Proposal: Establish Development Fund?
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- Status: Failed
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- Created: 2024-12-05
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- URL: https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
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- Description: Should COAL establish a development fund?
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- Categories: {'category': 'Governance'}
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- Discussion: https://discord.gg/YeJTmTqQG4
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## Summary
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### 🎯 Key Points
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Establish a Development Fund through a 4.2% emissions allocation to support protocol development, reward community contributions, and enable marketing initiatives for the \$COAL ecosystem.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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This proposal provides a structured funding mechanism that benefits community members and developers by rewarding contributions and fostering innovation.
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#### 📈 Upside Potential
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The fund has the potential to enhance project sustainability and growth, leading to a more robust \$COAL ecosystem.
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#### 📉 Risk Factors
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Implementing the fund may dilute mining rewards and could create tension among miners if perceived as reducing their share of emissions.
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## Content
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## Overview
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Since its fair launch in August 2024, \$COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
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To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**.
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This fund will:
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- Support on-going protocol development and innovation
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- Reward community-driven initiatives and contributions
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- Enable marketing and growth initiatives to expand the \$COAL ecosystem
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## Details
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The emissions allocation will be 4.2% of the current mining emission rate:
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11,250 * 0.042 = 472.5 (development allocation per day)
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To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.
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The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.
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#### Example for Future Adjustments:
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If the emission rate were adjusted to 10,000 \$COAL/day:
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- Mining rewards: 9,580 \$COAL/day
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- Development allocation: 420 \$COAL/day
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## Raw Data
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- Proposal account: `DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U`
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- Proposal number: 2
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- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
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- Proposer: `AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r`
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- Autocrat version: 0.3
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- Completed: 2024-12-08
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- Ended: 2024-12-08
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