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teleo-codex/entities/internet-finance/coal-meta-pow-treasury-protocol.md
Teleo Agents dcc4219e64 rio: extract from 2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md 
- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 04:32:07 +00:00

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type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created
entity decision_market COAL: Meta-PoW Treasury Protocol internet-finance passed futardio futardio coal project team https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg 2025-11-07 2025-11-10 mechanism Implements Meta-PoW protocol establishing deterministic ORE treasury accumulation through INGOT smelting fees and dynamic license costs rio 2026-03-11

COAL: Meta-PoW Treasury Protocol

Summary

The Meta-PoW proposal establishes a sustainable economic model for COAL by creating a mechanical loop that accumulates ORE in the treasury through INGOT smelting fees. The protocol moves mining power into pickaxes, implements evergreen tool mechanics with 4% daily decay, and uses dynamic license costs that adjust based on COAL/ORE price ratios to throttle supply automatically.

Market Data

  • Outcome: Passed
  • Proposer: coal project team
  • Resolution: 2025-11-10
  • Discussion: Discord thread 1436448452631593091

Mechanism Design

The protocol implements three key innovations:

  1. Treasury Accumulation: All ORE payments occur at INGOT smelting (μ ≈ 12.10 ORE per INGOT), with 100% flowing to COAL treasury. Each active pickaxe generates approximately 1 ORE/day of treasury inflow through repair demand.

  2. Dynamic License Costs: Pickaxe crafting requires burning c(y) = c0 * (y / y_ref)^p COAL, where y = P_ORE / P_COAL. With p = 3, this creates cubic sensitivity to price ratios, automatically throttling tool creation when COAL weakens.

  3. Evergreen Tools: Tools decay at 4% per day if not maintained but never permanently break. Repair costs (~0.082643 INGOT/day) are calibrated to be cheaper than recrafting (1 INGOT + 8 WOOD + license), creating stable demand without churn.

Significance

This proposal demonstrates futarchy governance handling complex protocol economics beyond simple funding decisions. The Meta-PoW design creates a self-regulating token economy where treasury inflow scales with network activity and supply adjusts automatically to price conditions without governance intervention. It represents a sophisticated application of ownership coin principles where protocol mechanics drive treasury accumulation through user behavior rather than discretionary management.

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