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- Source: inbox/archive/2024-03-26-futardio-proposal-appoint-nallok-and-proph3t-benevolent-dictators-for-three-mo.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
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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 | MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months | internet-finance | passed | metadao | futardio | HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz | https://www.futard.io/proposal/BqMrwwZYdpbXNsfpcxxG2DyiQ7uuKB69PznPWZ33GrZW | 2024-03-26 | 2024-03-31 | strategy | Appointed Proph3t and Nallok as interim leaders with authority over retroactive compensation, business operations, and contributor management for three months to accelerate decision-making. | rio | 2026-03-11 |
MetaDAO: Appoint Nallok and Proph3t Benevolent Dictators for Three Months
Summary
This proposal appointed Proph3t and Nallok as Benevolent Dictators For 3 Months (BDF3M) from proposal finalization through June 30, 2024, to accelerate MetaDAO's execution speed. The proposal allocated 1,015 META and 100,000 USDC to cover four months of retroactive compensation (December 2023 - March 2024) and three months of forward-looking compensation (April - June 2024), averaging 145 META and $14,000 per month.
Market Data
- Outcome: Passed
- Proposer: HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- Proposal Number: 14
- Completed: 2024-03-31
- Autocrat Version: 0.1
Authority Granted
The BDF3M role included:
- Retroactive compensation for all contributions prior to the proposal
- Managing ongoing business operations including off-chain proposal process, project management, and expenses
- Improving security and efficacy of the core futarchy mechanism
- Compensation for current contributors including incentive-based components
- Authority to make exceptional use grants for MetaDAO's code licenses
- Monthly community updates
OKRs
- Execute faster: Complete 10 GitHub issues per week
- Handle retroactive compensation within 1 week of passing
- Perform operations compensation for April-June 2024
- Oversee creation of new landing page
Significance
This proposal represented a critical governance transition for MetaDAO, acknowledging that the futarchy proposal process was "too slow and costly" for operational decisions at that stage. The proposers estimated that failure would decrease MetaDAO's probability of success by more than 20%, framing it as an existential decision. The META tokens were likely issued in 5-year locked form, and funding came from multisigs rather than directly from the DAO treasury for technical reasons.