e671a08082
- 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 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: 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 | Proposal 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 to mint 1,500 META tokens to his address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal failed after a 5-day voting period.
Market Data
- Outcome: Failed
- Proposer: Ben Hawkins
- Proposal Account: US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- Proposal Number: 6
- Created: 2024-02-13
- Ended: 2024-02-18
- Price per META: $33.33 USDC
- Total Value: $50,000 USDC
- META to Mint: 1,500
Significance
This was an early OTC treasury deal proposal on MetaDAO's futarchy platform, testing whether the community would approve direct token sales to individual buyers. The failure suggests either the price point was unfavorable, the buyer was not strategically valuable, or the community preferred alternative treasury management approaches. This contrasts with the later Pantera Capital OTC proposal (also failed), indicating MetaDAO's futarchy governance was selective about treasury dilution even in early stages.
Relationship to KB
- metadao - treasury governance decision
- futardio - platform where proposal was executed
- 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