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- Source: inbox/archive/2024-02-20-futardio-proposal-develop-multi-option-proposals.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
2.9 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: Develop Multi-Option Proposals? | internet-finance | failed | metadao | futardio | agrippa | https://www.futard.io/proposal/J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht | 2024-02-20 | 2024-02-25 | mechanism | Proposal to develop multi-modal proposal functionality allowing multiple mutually-exclusive outcomes beyond binary pass/fail | rio | 2026-03-11 |
MetaDAO: Develop Multi-Option Proposals?
Summary
Proposal by agrippa to develop multi-modal proposal functionality for MetaDAO, extending the binary pass/fail structure to support N mutually-exclusive outcomes. Requested 200 META compensation across 4 milestones for building new conditional vault program, integrating with futarch, and frontend implementation. Proposal failed despite arguing for 12.1% value increase to the DAO.
Market Data
- Outcome: Failed
- Proposer: agrippa (99dZcXhrYgEmHeMKAb9ezPaBqgMdg1RjCGSfHa7BeQEX)
- Proposal Account: J7dWFgSSuMg3BNZBAKYp3AD5D2yuaaLUmyKqvxBZgHht
- Created: 2024-02-20
- Completed: 2024-02-25
- Compensation Requested: 200 META (50 META per milestone)
- Milestone Multisig: 3/5 (Proph3t, DeanMachine, 0xNallok, LegalizeOnionFutures, sapphire)
Significance
This proposal represents an early attempt to extend MetaDAO's futarchy mechanism beyond binary decisions. The failure is notable because:
- Mechanism design ambition: Multi-modal proposals would enable simultaneous evaluation of N alternatives (e.g., choosing among multiple grant applicants) rather than sequential binary votes
- Pork barrel solution: Proposer argued mandatory draft stage with permissionless alternatives would filter wasteful spending through market competition
- Technical credibility: Agrippa had strong credentials (led Realms frontend development, built first conditional tokens vault on Solana, met with Proph3t in Greece)
- Value claim: Estimated 12.1% value increase to DAO, requesting only 200 META (~1.4% dilution at time)
The failure suggests either: (a) market skepticism about the value proposition, (b) concerns about execution risk, (c) other priorities taking precedence, or (d) insufficient liquidity/participation in the decision market. No public post-mortem explains the rejection.
Relationship to KB
- metadao — governance mechanism evolution
- 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 — proposed extension
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — complexity concerns
- proph3t — consulted with proposer in Greece, December 2023