dbf41e7d05
- Source: inbox/archive/2024-02-13-futardio-proposal-engage-in-50000-otc-trade-with-ben-hawkins.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
1.8 KiB
1.8 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 | MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins | internet-finance | failed | metadao | futardio | Ben Hawkins | https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK | 2024-02-13 | 2024-02-18 | treasury | Ben Hawkins proposed to mint 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META | rio | 2026-03-11 |
MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins
Summary
Ben Hawkins proposed an OTC trade where MetaDAO would mint 1,500 META tokens and send them to his address in exchange for $50,000 USDC to be deposited in MetaDAO's treasury. The proposal valued META at $33.33 per token. The proposal failed after a 5-day decision period.
Market Data
- Outcome: Failed
- Proposer: Ben Hawkins
- Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- Proposal Number: 6
- Created: 2024-02-13
- Completed: 2024-02-18
- Ended: 2024-02-18
- Autocrat Version: 0.1
Significance
This proposal represents an early test of MetaDAO's futarchy-governed treasury operations, specifically the mechanism for OTC token sales to strategic participants. The failure suggests the market did not believe this trade would increase META token value at the proposed price point, demonstrating futarchy's ability to reject treasury dilution when terms are unfavorable.
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 - governance mechanism used