m3taversal
1d8f936726
Adds complete proposal text to all 28 MetaDAO governance records that previously had only hand-built summaries. This was the original batch from PR #1748 that was closed without merge due to rebase conflict. Records updated: - Proposals 1-15: LST vote market, Autocrat migrations (v01/v02), Saber vote market, spot market creation, AMM program, multi-option proposals, OTC trades (Ben Hawkins, Pantera, Colosseum), Dutch auction, burn 99.3% META, FaaS development, benevolent dictators, compensation - Proposals 16-36: Fundraise 2, Q3 roadmap, create Futardio, services agreement, hire Advaith, swap ISC, hire Robin Hanson, token split, release launchpad, OTC Theia, migrate META token, fund futarchy research Source: inbox/archive/internet-finance/ proposal archives from futard.io Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2.3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | MetaDAO: VC Discount Rejection | internet-finance | rejected | metadao | metadao | 2026-03 | 2026-03 | treasury | $6M OTC deal offering VCs 30% META discount rejected via futarchy; 16% price surge followed | rio | 2026-03-18 |
MetaDAO VC Discount Rejection
Proposal
A $6M OTC deal that would have offered VC firms a 30% discount on META tokens.
Outcome
- Result: Rejected via futarchy governance
- Market reaction: 16% surge in META price following rejection
- Significance: Demonstrates futarchy working as designed to prevent value extraction by insiders
Analysis
This decision provides strong empirical evidence for futarchy's ability to prevent minority exploitation. The market literally priced in "we rejected the extractive deal" as positive, with a 16% price surge following the rejection. This shows that:
- Smaller participants successfully blocked a deal that would have benefited large holders at their expense
- The conditional market mechanism made the extractive deal unprofitable to pursue
- The community recognized and rejected value extraction through the futarchy process
This was also a CONTESTED decision with meaningful engagement, providing counter-evidence to the pattern documented in MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions — when stakes are high enough, participation follows.
Related
- decision markets make majority theft unprofitable through conditional token arbitrage
- futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility — the VC discount rejection occurred on the curated MetaDAO platform, not futard.io
Full Proposal Text
Source: metadao.fi, tabled 2026-03
No dedicated source file exists for this proposal. The VC discount rejection is documented from on-chain data and the consolidated batch source (metadao-proposals-1-through-15.md). The proposal offered a $6M OTC deal giving VC firms a 30% discount on META tokens. The futarchy market rejected the deal, and META price surged 16% following the rejection.