dcc4219e64
- 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>
45 lines
No EOL
2.8 KiB
Markdown
45 lines
No EOL
2.8 KiB
Markdown
---
|
|
type: entity
|
|
entity_type: decision_market
|
|
name: "COAL: Meta-PoW Treasury Protocol"
|
|
domain: internet-finance
|
|
status: passed
|
|
parent_entity: "[[futardio]]"
|
|
platform: "futardio"
|
|
proposer: "coal project team"
|
|
proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
|
|
proposal_date: 2025-11-07
|
|
resolution_date: 2025-11-10
|
|
category: "mechanism"
|
|
summary: "Implements Meta-PoW protocol establishing deterministic ORE treasury accumulation through INGOT smelting fees and dynamic license costs"
|
|
tracked_by: rio
|
|
created: 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.
|
|
|
|
## Relationship to KB
|
|
- [[futardio]] - governance platform
|
|
- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] - platform context
|
|
- [[ownership coin treasuries should be actively managed through buybacks and token sales as continuous capital calibration not treated as static war chests]] - alternative treasury model |