2.6 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 | FutureDAO: Fund the Rug Bounty Program | internet-finance | passed | futardio | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt | 2024-06-14 | 2024-06-19 | grants | Proposal to fund RugBounty.xyz platform development with $5,000 USDC to help crypto communities recover from rug pulls through bounty-incentivized token migrations | rio | 2026-03-11 |
FutureDAO: Fund the Rug Bounty Program
Summary
Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project victims to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 2
- Completed: 2024-06-19
- Ended: 2024-06-17
Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs (API & Hosting): $1,000+
- $FUTURE bounties: TBD based on project scope
Mechanism Design
The Rug Bounty Program creates a structured recovery process:
- Bounty creation with project details and reward structure
- Community onboarding through Telegram, Discord, Twitter Spaces
- Multi-sig setup for token migrator (trust verification)
- Success threshold: 60% of presale target raised in SOL
- Bounty claim awarded to facilitator(s)
Significance
This proposal represents FutureDAO's expansion from pure infrastructure provider to community protection service. The bounty mechanism aligns incentives for community organizers to facilitate recoveries while driving adoption of FutureDAO's Token Migration tool. The "S.E.R.T." branding positions the DAO as crisis response infrastructure for Solana ecosystem.
Relationship to KB
- futardio - governance decision expanding product scope
- 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 - governance mechanism used
Timeline
- 2024-06-14 — futardio-fund-rug-bounty-program passed: Approved $5K USDC funding for RugBounty.xyz platform development to incentivize community recovery from rug pulls